| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.70 | 9.8% | 9.8% |
| Total Income | 3.70 | 9.8% | 9.8% |
| Expenditure | 7.06 | 8.6% | 24.9% |
| PBT | -5.51 | 7.1% | 3.3% |
| Net Profit | -3.36 | 7.2% | 36.6% |
| OPM | — | ||
| NPM | -90.76% | 2.49pp | |
| EPS | -0.38 | 26.9% | 90.8% |
CaliberCos Inc. Reports Q2 2026 Results, Reaffirms Full-Year Guidance
14 Aug 2026 · 14 Aug, 2:17 am
Summary
CaliberCos Inc. reported its second quarter 2026 financial results, with Platform Adjusted EBITDA turning positive at $0.3 million, aligning with management's expectations. While Platform revenue saw a slight decrease to $3.7 million, the company reaffirmed its full-year 2026 guidance, projecting total revenue between $18.0 million and $22.0 million, alongside positive net operating income and Adjusted EBITDA. A significant business milestone was the completion of the tokenization of the first real estate project, advancing the company's digital asset strategy.
Key Highlights
- 1
Caliber reported a Platform Adjusted EBITDA of $0.3 million for Q2 2026, turning positive compared to a loss of $0.1 million in Q2 2025.
- 2
Platform revenue for Q2 2026 was $3.7 million, a decrease from $4.1 million in Q2 2025, primarily due to a decline in development and construction fees.
- 3
Consolidated total revenue for Q2 2026 was $4.2 million, down from $5.1 million in Q2 2025, impacted by deconsolidation and consolidation changes.
- 4
Consolidated net loss attributable to CaliberCos Inc. improved to $3.4 million in Q2 2026, from $5.3 million in Q2 2025.
- 5
The Company reaffirmed its 2026 financial guidance, expecting total revenue between $18.0 million and $22.0 million and positive net operating income and Adjusted EBITDA.
- 6
Caliber completed the tokenization of its first real estate project, supporting its strategy to integrate blockchain infrastructure into its real estate fund offerings.
Management Comments
Chris Loeffler
Our second quarter results continue to be in line with the internal plan we built for 2026. Positive Platform Adjusted EBITDA positions us well for our projected 2026 profitability and our efforts in the second half of 2026 are focused on converting Caliber’s project pipeline into planned revenue growth. We have experienced meaningful progress on our Hyatt Studios developments, with a recent groundbreaking at Steamboat Springs, CO and the recent closing on Hyatt Studios land at our Phoenix, AZ development adjacent to the $265 billion Taiwan Semiconductor (TSMC) facility. We are also excited share that, as of this morning, we have gone live on the tokenization of the Pure Pickleball & Padel development in Scottsdale, AZ. This is our first fund tokenization, now in production, which represents a portion of the initial $100 million in Caliber Managed Assets we have slated for tokenization.
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