Quarterly ResultMay 14, 2026, 06:08 AM
CaliberCos Q1 Revenue $4.29M, Net Loss $(3.62M); Going Concern Doubt
AI Summary
CaliberCos Inc. reported a net loss attributable to the company of $(3.62) million for the first quarter of 2026, an improvement from $(4.41) million in the prior year period. However, total revenues significantly decreased to $4.29 million from $7.26 million year-over-year. The company continues to face substantial doubt about its ability to continue as a going concern due to recurring operating losses and negative cash flow, with $21.1 million in corporate and convertible notes maturing within the next 12 months. Management is pursuing strategies including a Reg A+ offering, note refinancing, and note conversions to address liquidity challenges.
Key Highlights
- Net loss attributable to CaliberCos Inc. was $(3.62) million in Q1 2026, an improvement from $(4.41) million in Q1 2025.
- Total revenues decreased to $4.29 million in Q1 2026 from $7.26 million in Q1 2025.
- Basic and diluted net loss per share improved to $(0.52) in Q1 2026 from $(3.85) in Q1 2025.
- Total assets increased to $179.59 million at March 31, 2026, from $135.40 million at December 31, 2025.
- Total liabilities increased to $140.88 million at March 31, 2026, from $109.17 million at December 31, 2025.
- Cash and restricted cash decreased to $4.61 million at March 31, 2026, from $6.02 million at December 31, 2025.
- Corporate note portfolio decreased by 21.1% year-over-year to $26.2 million at March 31, 2026.
- Raised $8.7 million from Reg A+ Series AA Preferred Stock offering through May 13, 2026.