Caliber Reports Fourth Quarter and Full Year 2025 Results: Establishes 2026 Guidance, Details Digital Asset Holdings, and Outlines Path to Profitability

Key Highlights from Caliber’s 2025 Financial Report

• 2025 Results Announced: CaliberCos Inc. (Nasdaq: CWD), a diversified real estate and digital asset management platform, released its financial results for the fourth quarter and full year ended December 31, 2025.
• 2026 Guidance Introduced: The company established 2026 revenue guidance in the range of \$18 million to \$22 million. Management expects positive net operating income and adjusted EBITDA profitability for the year.
• Streamlined Business Platform: Caliber enters 2026 with a more streamlined platform, positioning itself for revenue growth and profitability through anticipated execution of project-level financings and ongoing capital formation activities.

Details Investors Need to Know

• Digital Asset Holdings: As of the end of Q4 2025, Caliber’s digital asset treasury comprised 562,535 LINK tokens valued at \$6.9 million.
• Core Revenue Streams: The majority of Caliber’s revenues are generated from asset management, development, and financing activities tied to its portfolio of real estate projects.
• 2025 Revenue Impacted by Delays: Revenue generation in 2025 was affected by delays in capital markets activity, which postponed project financings and related fee realization. However, management emphasizes these delays did not reduce the underlying asset values or future embedded revenue opportunities but deferred the timing of recognition.
• 2026 Revenue Drivers:
  • Execution of project-level financings anticipated to generate significant development, financing, and transaction-related fees.
  • Continued growth in managed capital through new fundraising initiatives.
  • Monetization of development projects as they reach key milestones.
• Shareholder Value and Potential Price Sensitivity:
  • Guidance for positive adjusted EBITDA and net operating income in 2026 signals a possible inflection point toward profitability, which is likely to be material for investor sentiment and share price performance.
  • The holding of digital assets such as LINK tokens introduces potential volatility to earnings, as changes in the fair value of these assets can materially impact quarterly results.
  • Postponement of revenue due to capital market delays may have created pent-up revenue opportunities, which could result in outsized growth if project milestones are achieved as forecast in 2026.

Selected Financial Data (Q4 and FY 2025, with Comparison to 2024)

• Asset Management Revenue (Platform View): \$4.6 million for Q4 2025; \$20.6 million for full year 2025.
• Basic and Diluted Net Loss Per Share (Consolidated):
  • Q4 2025: \$(1.24) per share, based on 6,229,000 shares outstanding.
  • Full Year 2025: \$(7.50) per share, based on 2,830,000 shares outstanding.
• Change in Fair Value of Digital Assets: \$(5.1) million loss in Q4 2025; \$(5.8) million loss for the full year.
• Interest Expense (Consolidated): \$(6.7) million for FY 2025.
• Consolidated Net Loss: \$(21.8) million for FY 2025.
• Managed Capital: Ended 2025 at \$498.6 million, with originations of \$8.1 million during the year and return of capital outflows.

Additional Insights and Forward-Looking Statements

• The company’s forward-looking statements note substantial risks and uncertainties, including the dependency on successful execution of financings and capital formation in 2026.
• Risks related to digital asset volatility, market conditions, and project execution are highlighted as factors that could impact future results and share price.

Contact Information

Investor Relations Contact: Ilya Grozovsky, +1 480-214-1915, [email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Investors should consult the company’s filings with the SEC and their own financial advisors before making investment decisions.

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