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CaliberCos, Inc. Class A (CWD)
NASDAQ:CWD
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CaliberCos, Inc. Class A (CWD) AI Stock Analysis

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CWD

CaliberCos, Inc. Class A

(NASDAQ:CWD)

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Neutral 41 (OpenAI - 4o)
Rating:41Neutral
Price Target:
$3.00
▼(-4.15% Downside)
CaliberCos, Inc. is facing severe financial difficulties with declining revenues and persistent losses, which are the most significant factors impacting the score. Technical indicators suggest bearish momentum, and the valuation is unattractive due to a negative P/E ratio and lack of dividends. These factors collectively result in a low overall stock score.

CaliberCos, Inc. Class A (CWD) vs. SPDR S&P 500 ETF (SPY)

CaliberCos, Inc. Class A Business Overview & Revenue Model

Company DescriptionCaliberCos Inc. is a real estate investment, and an asset management firm specializes in middle-market assets. It serves its investor clients by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments, which are managed by the firm's in-house asset services group. It invests primarily in commercial real estate, qualified opportunity zones (QOZ), private equity, and debt facilities. It delivers a full suite of alternative investments to high net worth, accredited and qualified investors, as well as family offices and smaller institutions. CaliberCos Inc. was founded in 2009 and is headquartered in Scottsdale, Arizona.
How the Company Makes MoneyCaliberCos, Inc. generates revenue through several key streams. Primarily, the company earns income from asset management fees, which are charged to investors based on the total assets under management (AUM). Additionally, the company makes money through property management fees, acquisition fees, and development fees associated with the properties within its portfolio. CaliberCos may also generate returns from the appreciation of its real estate investments and any realized gains from property sales. Significant partnerships with financial institutions and real estate developers can further enhance its revenue potential by providing additional capital and investment opportunities.

CaliberCos, Inc. Class A Earnings Call Summary

Earnings Call Date:Aug 13, 2025
(Q1-2025)
|
% Change Since: |
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Neutral
Caliber's earnings call highlighted strategic repositioning efforts, improved financing conditions, and significant agreements such as the Hyatt Studios development. However, the company faced challenges in revenue generation and fundraising, with continued losses and concerns over some financial targets. The sentiment is balanced with both positive strategic moves and existing financial challenges.
Q1-2025 Updates
Positive Updates
Strategic Repositioning and Focus
Caliber continued its strategic repositioning, focusing on hospitality, multifamily, and multi-tenant industrial investing. This narrowed focus aims to reduce exposure to non-rent generating development activities to a maximum of 30% of the portfolio.
Improvement in Financing Environment
The financing environment for commercial real estate has begun to improve, which is expected to positively impact Caliber's strategies to increase AUM and offer a more attractive growth path.
New Hyatt Studios Development Agreement
Caliber entered into an agreement with Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels, representing an estimated $400 million in projects. This marks a major milestone in Caliber's growth as a hotel investor and developer.
Launch of Series AA Preferred Stock Offering
Caliber's Series AA cumulative redeemable preferred stock offering was qualified by the SEC, aiming to raise up to $20 million. Significant progress has been made in building a syndicate of brokers to distribute the offering.
Successful Fundraising in Wholesale Distribution
In Q1 2025, Caliber matched the wholesale fundraising total of all 2024, indicating strong progress and increasing order flow from selling agreements.
Negative Updates
Decrease in Platform Revenue
Total Q1 platform revenue was $3.5 million, a 25% decrease compared to the prior period, primarily driven by a decrease in active development projects.
Challenges in Fundraising and LTD Hotel Contributions
Fundraising remained challenging, and the previously expected LTD hotel contributions did not move forward due to declining performance, affecting the AUM trajectory.
Continued Losses and Going Concern Disclosures
Platform-adjusted EBITDA loss for Q1 was $1.4 million compared to a loss of $1.7 million a year ago. The company continues to manage cost structure in light of recurring losses.
Company Guidance
During the Caliber Q1 2025 Earnings Conference Call, the company provided significant guidance on its strategic focus and financial outlook. Caliber aims to achieve profitability in the second half of 2025, with an annual EBITDA margin target of 25% or greater. The company is narrowing its focus to three core verticals: hospitality, multifamily, and multi-tenant industrial investing. Caliber plans to reduce long-term development exposure to a maximum of 30% of its portfolio, instead focusing on completing and selling existing developments. This strategy is expected to generate cash for new investments and boost asset management fees. As of March 31, 2025, Caliber's estimated performance allocations totaled $87.7 million, reflecting the potential value not included in GAAP financials. The company is also pursuing a $20 million offering of Series AA cumulative redeemable preferred stock and has launched a 1031 exchange program. Q1 platform revenue was $3.5 million, a 25% decrease from the previous year, while platform expenses decreased by 21% to $6.1 million. The company recorded a platform-adjusted EBITDA loss of $1.4 million, an improvement from the $1.7 million loss in the same period last year. Managed capital increased by 9.1% to $495.2 million. Caliber is also focused on enhancing liquidity and addressing unsecured notes, with $26.1 million maturing within the next 12 months.

CaliberCos, Inc. Class A Financial Statement Overview

Summary
CaliberCos, Inc. faces significant financial challenges with declining revenues, persistent losses, high leverage, and negative equity. Cash flow issues further exacerbate the financial instability, indicating a need for strategic restructuring to improve financial health.
Income Statement
CaliberCos, Inc. shows a declining revenue trend with a negative revenue growth rate of -8.77% in the TTM period. The company has consistently reported negative net profit margins, indicating ongoing losses. The gross profit margin is high at 99.09% in the TTM, but this is overshadowed by negative EBIT and EBITDA margins, reflecting operational inefficiencies.
Balance Sheet
The balance sheet reveals significant financial instability, with a negative stockholders' equity and a high debt-to-equity ratio of -3.39 in the TTM period. The return on equity is positive due to negative equity, which is misleading. The equity ratio is negative, indicating that liabilities exceed assets, posing a risk to financial health.
Cash Flow
The cash flow statement shows negative operating and free cash flows, with a significant decline in free cash flow growth rate of -747.67% in the TTM. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is 1.0, suggesting that free cash flow is equal to net income, but both are negative.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue32.32M51.12M89.60M83.96M56.03M37.88M
Gross Profit32.03M24.62M-21.58M23.29M-15.27M-22.47M
EBITDA-6.29M-7.14M-19.03M657.00K-11.62M-18.28M
Net Income-20.92M-19.78M-12.70M2.02M-698.00K-5.45M
Balance Sheet
Total Assets59.26M105.53M299.43M278.83M245.65M227.34M
Cash, Cash Equivalents and Short-Term Investments586.00K2.31M3.81M7.66M8.38M6.53M
Total Debt64.45M81.76M209.61M170.33M160.29M151.08M
Total Liabilities76.86M94.28M233.41M201.65M195.96M178.90M
Stockholders Equity-19.01M-12.59M2.62M-3.21M-9.09M-16.34M
Cash Flow
Free Cash Flow-2.23M555.00K-18.72M-8.11M-20.02M-16.56M
Operating Cash Flow-2.23M555.00K-18.72M-7.43M-15.02M-15.77M
Investing Cash Flow-3.43M-19.63M10.69M-31.75M-14.31M-9.67M
Financing Cash Flow4.55M6.33M9.74M38.58M35.05M19.56M

CaliberCos, Inc. Class A Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3.13
Price Trends
50DMA
4.27
Negative
100DMA
3.75
Negative
200DMA
6.73
Negative
Market Momentum
MACD
-0.43
Positive
RSI
36.77
Neutral
STOCH
12.37
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWD, the sentiment is Negative. The current price of 3.13 is below the 20-day moving average (MA) of 4.22, below the 50-day MA of 4.27, and below the 200-day MA of 6.73, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 36.77 is Neutral, neither overbought nor oversold. The STOCH value of 12.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CWD.

CaliberCos, Inc. Class A Risk Analysis

CaliberCos, Inc. Class A disclosed 43 risk factors in its most recent earnings report. CaliberCos, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

CaliberCos, Inc. Class A Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
49
Neutral
$22.33M2195.36%-35.59%
41
Neutral
$16.65M-54.32%-35.99%
34
Underperform
$6.21M-82.72%-100.00%54.46%
34
Underperform
$5.05M-21.73%98.07%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CWD
CaliberCos, Inc. Class A
3.13
-11.07
-77.96%
BTTC
Black Titan
4.15
-0.15
-3.49%
MAAS
Highest Performances Holdings
3.60
-3,657.60
-99.90%
BENF
Beneficient
1.49
0.23
18.25%
GRAN
Grande Group Limited Class A
3.00
-1.79
-37.37%
MLCI
Mount Logan Capital Inc
7.43
-0.57
-7.13%

CaliberCos, Inc. Class A Corporate Events

Business Operations and Strategy
CaliberCos Completes Strategic Purchase of Chainlink Tokens
Positive
Oct 17, 2025

On October 16, 2025, CaliberCos Inc. announced the completion of a strategic $2.0 million purchase of Chainlink (LINK) tokens, enhancing its Digital Asset Treasury Strategy and commitment to blockchain innovation. This acquisition increases Caliber’s total LINK holdings to 562,535 tokens, valued at approximately $10.1 million, and positions the company as the first Nasdaq-listed entity to adopt a treasury strategy centered on LINK. This initiative provides shareholders with transparent exposure to LINK and aligns Caliber at the intersection of real and digital asset infrastructure.

The most recent analyst rating on (CWD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and Strategy
CaliberCos Partners to Expand EV Charging Infrastructure
Positive
Oct 7, 2025

On October 7, 2025, CaliberCos Inc. announced a partnership with Current and InCharge Energy to deploy EV charging infrastructure across its portfolio, starting with projects in Phoenix, Arizona. This initiative aims to enhance the sustainability and operational efficiency of Caliber’s properties, attract high-value tenants, and improve profitability by reducing energy costs and supporting sustainable practices, ultimately benefiting investors and communities.

The most recent analyst rating on (CWD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
CaliberCos Appoints Blake Janover to Crypto Advisory Board
Positive
Oct 1, 2025

On October 1, 2025, CaliberCos Inc. announced the appointment of Blake Janover to its Caliber Crypto Advisory Board, which provides strategic guidance for the company’s Digital Asset Treasury Strategy focused on Chainlink (LINK) tokens. Janover’s extensive experience in real estate finance and digital assets is expected to enhance Caliber’s efforts in building its LINK treasury and expanding its presence at the intersection of traditional and decentralized finance.

The most recent analyst rating on (CWD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and Strategy
CaliberCos Completes Documents for Pickleball Facility
Positive
Sep 29, 2025

On September 29, 2025, CaliberCos Inc. announced the completion and submission of construction documents for PURE Pickleball & Padel, marking the start of the building permitting process with the Salt River Pima-Maricopa Indian Community. This development is part of the Riverwalk Development Project in Scottsdale, Arizona, and aims to be the world’s largest indoor pickleball and padel facility, featuring extensive amenities and expecting around 500,000 annual visitors. The project reflects Caliber’s strategy to engage pickleball and padel enthusiasts through direct investment opportunities, potentially impacting the sports and real estate industries significantly.

The most recent analyst rating on (CWD) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and Strategy
CaliberCos Selects Coinbase Prime for Digital Asset Strategy
Positive
Sep 23, 2025

On September 23, 2025, CaliberCos Inc. announced its selection of Coinbase Prime as the institutional platform for trading and custody to support its Digital Asset Treasury Strategy. This strategic move marks Caliber as the first Nasdaq-listed company to adopt a treasury reserve policy centered on Chainlink’s Token, LINK, aiming to provide shareholders with transparent exposure to LINK while reinforcing its position at the intersection of real asset investing and blockchain infrastructure.

The most recent analyst rating on (CWD) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and Strategy
CaliberCos Acquires $6.5M in Chainlink Tokens
Positive
Sep 18, 2025

On September 18, 2025, CaliberCos Inc. announced the completion of a $6.5 million purchase of Chainlink (LINK) tokens as part of its Digital Asset Treasury strategy. This acquisition aligns Caliber with Chainlink’s infrastructure-first vision and positions the company as one of the largest publicly traded holders of LINK. The purchase is part of a broader strategy to gradually increase their LINK holdings, providing shareholders with exposure to digital assets while reinforcing the company’s commitment to integrating real and digital asset infrastructures.

The most recent analyst rating on (CWD) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
CaliberCos Inc. Launches ATM Equity Program
Neutral
Sep 17, 2025

On September 11, 2025, CaliberCos Inc. entered into a securities purchase agreement with Mast Hill Fund, L.P., issuing 15,868 shares of Series B Preferred Stock for $15.9 million. This preferred stock is convertible into common shares at $250 per share and ranks senior to Caliber’s Class A and Class B common stock. Additionally, on September 17, 2025, Caliber activated an At-The-Market (ATM) equity program with approximately $10.3 million available under its existing $50 million shelf registration. This initiative is aimed at raising capital to support business initiatives, including the accumulation of Chainlink (LINK) tokens under its Digital Asset Treasury strategy.

The most recent analyst rating on (CWD) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
CaliberCos Appoints Peter Dorrius to Crypto Advisory Board
Positive
Sep 12, 2025

On September 12, 2025, CaliberCos Inc. announced the appointment of Peter Dorrius to its Caliber Crypto Advisory Board, which is tasked with providing strategic oversight for the company’s Digital Asset Treasury Strategy. Dorrius, a seasoned finance executive with extensive experience in digital asset ecosystems, is expected to enhance Caliber’s efforts in integrating traditional real estate markets with digital finance, offering institutional-grade infrastructure and industry connections.

The most recent analyst rating on (CWD) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and Strategy
CaliberCos Inc. Adopts LINK in Treasury Strategy
Positive
Sep 10, 2025

On July 19, 2025, CaliberCos Inc. entered into an advisory agreement with Blake Elliot, Inc., issuing 50,000 shares of Class A common stock as compensation. On September 9, 2025, Caliber announced its initial purchase of Chainlink (LINK) tokens as part of its Digital Asset Treasury strategy, marking it as the first Nasdaq-listed company to adopt a treasury reserve policy centered on LINK. This initiative aims to provide shareholders with transparent exposure to LINK while positioning Caliber at the intersection of real asset and digital asset infrastructure.

The most recent analyst rating on (CWD) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and Strategy
CaliberCos Completes Initial Purchase of Chainlink Tokens
Positive
Sep 9, 2025

On September 9, 2025, CaliberCos Inc. announced the completion of its initial purchase of Chainlink (LINK) tokens as part of its Digital Asset Treasury Strategy. This marks the company’s first transaction under this strategy, aiming to accumulate LINK over time for long-term appreciation and yield through staking. Caliber is the first Nasdaq-listed company to adopt a treasury reserve policy centered on LINK, providing shareholders with exposure to digital assets and positioning itself at the intersection of real and digital asset infrastructure.

The most recent analyst rating on (CWD) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
CaliberCos Appoints Michael Trzupek to Crypto Advisory Board
Positive
Sep 3, 2025

On September 2, 2025, CaliberCos Inc. announced the appointment of Michael Trzupek as the inaugural member of its newly established Crypto Advisory Board. This board will guide the company’s Digital Asset Treasury Strategy, aimed at building a treasury of LINK tokens for long-term value and yield. Trzupek’s extensive experience in capital markets and blockchain infrastructure is expected to strengthen Caliber’s position in integrating traditional real estate with the digital financial ecosystem.

The most recent analyst rating on (CWD) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Delistings and Listing ChangesRegulatory Filings and Compliance
CaliberCos Inc. Faces Nasdaq Non-Compliance Notice
Negative
Aug 28, 2025

On August 27, 2025, CaliberCos Inc. received a notice from Nasdaq indicating non-compliance with the Nasdaq Listing Rule 5550(b)(1) due to a stockholders’ equity of $(17,604,000) as of June 30, 2025. This deficiency does not immediately affect the trading of the company’s Class A common stock on Nasdaq. The company has 45 days to submit a compliance plan and may receive a 180-day extension if the plan is accepted. Failure to comply could lead to delisting, although the company can appeal such a decision. CaliberCos Inc. is actively exploring options to regain compliance.

The most recent analyst rating on (CWD) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and Strategy
CaliberCos Inc. Adopts Digital Asset Treasury Strategy
Neutral
Aug 28, 2025

On August 28, 2025, CaliberCos Inc. announced its Board of Directors approved a Digital Asset Treasury Strategy and Policy, allowing the company to allocate treasury funds to acquire LINK tokens, supporting the Chainlink protocol. This move positions Caliber as a first-mover among U.S. public companies in blockchain-based treasury management, aiming to enhance shareholder value and improve liquidity. The strategy involves acquiring and staking LINK tokens, leveraging Chainlink’s technology for business process automation, and differentiating Caliber from other real estate platforms. However, the strategy involves risks such as volatility in LINK’s price, potential regulatory challenges, and operational risks related to digital assets.

The most recent analyst rating on (CWD) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and Strategy
CaliberCos Announces Exclusive Catering Deal with Wolfgang Puck
Positive
Aug 21, 2025

On August 19, 2025, CaliberCos Inc. announced that its joint venture, PURE Pickleball & Padel, signed a 10-year exclusive agreement with Wolfgang Puck Catering to provide food and beverage services at its upcoming Scottsdale, Arizona facility. This partnership aims to blend sports and entertainment with culinary excellence, enhancing the facility’s appeal as a premier destination for pickleball and padel enthusiasts. The development, part of the Riverwalk Development Project, will feature a state-of-the-art facility with 48 indoor courts and a 1,200-seat pro arena, and it is expected to host major tournaments, drawing an estimated 500,000 visits annually.

The most recent analyst rating on (CWD) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
CaliberCos Reports Q2 2025 Financial Results
Neutral
Aug 14, 2025

CaliberCos Inc. reported its second quarter 2025 financial results, showing a slight decrease in platform revenue to $4.1 million compared to the previous year. The company remains focused on achieving platform adjusted EBITDA profitability in the latter half of 2025 by reducing corporate overhead and concentrating on key real estate sectors. Key developments in the quarter included the approval of the Canyon Village redevelopment project and a successful $22.5 million refinance for a hotel in Tucson, AZ, both benefiting from opportunity zone incentives. These moves are expected to enhance Caliber’s market position and drive future growth.

Executive/Board ChangesShareholder Meetings
CaliberCos Inc. Elects Directors at Annual Meeting
Neutral
Aug 6, 2025

CaliberCos Inc. held its 2025 annual meeting of stockholders on August 1, 2025, where key proposals were voted upon. The meeting saw the election of six directors to serve until the 2026 annual meeting, with all nominees successfully elected. Additionally, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified by the stockholders.

Financial Disclosures
CaliberCos to Announce Q2 2025 Financial Results
Neutral
Aug 1, 2025

On July 30, 2025, CaliberCos Inc. announced it will release its second quarter 2025 financial results on August 13, 2025, after the market closes. The company will also hold a webcast/conference call on the same day to discuss the results, which reflects its ongoing commitment to transparency and investor engagement.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 23, 2025