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CaliberCos, Inc. Class A (CWD)
NASDAQ:CWD
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CaliberCos, Inc. Class A
(NASDAQ:CWD)
Select Model
Select Model
Rating:52Neutral
Price Target:
$7.50
▲(24.17% Upside)
CaliberCos, Inc. has significant financial challenges, which heavily impact its overall score. While technical indicators show some positive momentum, the negative valuation metrics and financial instability are major concerns.
CaliberCos, Inc. Class A (CWD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.91M
Dividend YieldN/A
Average Volume (3M)13.28M
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue Growth-54.32%
EPS Growth-35.99%
CountryUS
Employees81
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-4.15
Shares Outstanding4,144,684
10 Day Avg. Volume6,852,829
30 Day Avg. Volume13,276,111
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap2.46
Enterprise Value/Revenue2.12
Enterprise Value/Gross Profit2.14
Enterprise Value/Ebitda-10.90
Forecast
1Y Price Target
$7.50Price Target Upside24.17% Upside
Rating ConsensusHold
Number of Analyst Covering0
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.30
Negative
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.20
Very Negative
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.25
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.32M | 51.12M | 89.60M | 83.96M | 56.03M | 37.88M |
| Gross Profit | 32.03M | 24.62M | -21.58M | 23.29M | -15.27M | -22.47M |
| EBITDA | -6.29M | -7.14M | -19.03M | 657.00K | -11.62M | -18.28M |
| Net Income | -20.92M | -19.78M | -12.70M | 2.02M | -698.00K | -5.45M |
Balance Sheet | ||||||
| Total Assets | 59.26M | 105.53M | 299.43M | 278.83M | 245.65M | 227.34M |
| Cash, Cash Equivalents and Short-Term Investments | 586.00K | 2.31M | 3.81M | 7.66M | 8.38M | 6.53M |
| Total Debt | 64.45M | 81.76M | 209.61M | 170.33M | 160.29M | 151.08M |
| Total Liabilities | 76.86M | 94.28M | 233.41M | 201.65M | 195.96M | 178.90M |
| Stockholders Equity | -19.01M | -12.59M | 2.62M | -3.21M | -9.09M | -16.34M |
Cash Flow | ||||||
| Free Cash Flow | -2.23M | 555.00K | -18.72M | -8.11M | -20.02M | -16.56M |
| Operating Cash Flow | -2.23M | 555.00K | -18.72M | -7.43M | -15.02M | -15.77M |
| Investing Cash Flow | -3.43M | -19.63M | 10.69M | -31.75M | -14.31M | -9.67M |
| Financing Cash Flow | 4.55M | 6.33M | 9.74M | 38.58M | 35.05M | 19.56M |
CaliberCos, Inc. Class A Technical Analysis
Neutral
6.04
Price Trends
3.70
Positive
3.68
Positive
7.40
Negative
Market Momentum
0.98
Positive
54.63
Neutral
8.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWD, the sentiment is Neutral. The current price of 6.04 is above the 20-day moving average (MA) of 5.52, above the 50-day MA of 3.70, and below the 200-day MA of 7.40, indicating a neutral trend. The MACD of 0.98 indicates Positive momentum. The RSI at 54.63 is Neutral, neither overbought nor oversold. The STOCH value of 8.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | ― | -6.11 | ― | 34.11% | 80.67% | -157.99% | |
52 Neutral | $27.91M | ― | -5013.15% | ― | -54.32% | -35.99% | |
48 Neutral | 27.73M | -14.86 | -429.89% | ― | -27.89% | 51.00% | |
42 Neutral | 42.62M | -5.64 | -226.15% | ― | ― | ― | |
34 Underperform | 3.06M | -0.02 | ― | ― | 78.84% | 97.65% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
Performance Comparison
CWD
CaliberCos, Inc. Class A
6.00
-6.76
-52.98%
TURN
―
4.96
1.63
48.95%
RAND
Rand Capital
14.86
-1.12
-7.01%
BCG
Binah Capital Group
1.66
-1.54
-48.13%
BENF
Beneficient
0.35
-1.07
-75.35%
PWM
Prestige Wealth, Inc.
0.54
-0.23
-29.87%
CaliberCos, Inc. Class A Corporate Events
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.
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.