Braemar Hotels & Resorts Inc. (BHR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 208.98M | 165.56M | 143.56M | 179.08M | 215.82M | 173.34M | 148.4M | 187.59M | 219.08M | 177.53M | 159.8M | 186.71M | 215.3M | 171.62M | 161.19M | 174.89M | 161.88M | 130.41M | 116.18M | 97.11M |
| Revenue Growth % | -3.17% | -4.49% | -3.26% | -4.54% | -1.49% | -2.36% | -7.14% | 0.47% | 1.75% | 3.44% | -0.86% | 6.75% | 33% | 31.6% | 38.74% | 80.1% | 93.06% | 151.73% | 159.59% | 653.08% |
| Property Operating Expenses | 179.67M | 172.82M | 127.75M | 132.93M | 135.72M | 142.72M | 132.33M | 138.42M | 153.42M | 141.91M | 133.94M | 134.64M | 144.21M | 106.13M | 130.4M | 118.93M | 107.17M | 101.93M | 94.47M | 80.16M |
| Net Operating Income (NOI) | 29.31M | -7.25M | 15.81M | 46.15M | 80.11M | 30.62M | 16.07M | 49.17M | 65.66M | 35.62M | 25.86M | 52.06M | 71.09M | 65.5M | 30.79M | 55.96M | 54.71M | 28.48M | 21.7M | 16.95M |
| NOI Margin % | 14.03% | -4.38% | 11.01% | 25.77% | 37.12% | 17.67% | 10.83% | 26.21% | 29.97% | 20.06% | 16.18% | 27.89% | 33.02% | 38.16% | 19.1% | 32% | 33.8% | 21.84% | 18.68% | 17.45% |
| Operating Expenses | -10.56M | -7.72M | -13.99M | 28.25M | 43.37M | 26.84M | -54.26M | 36.99M | 23.19M | 29.78M | 25.21M | 34.68M | 33.29M | 53.43M | 27.68M | 29.2M | 28.26M | 21.59M | 20.65M | 19.74M |
| G&A Expenses | 4.87M | 151K | 3.81M | 4.89M | 2.89M | 3.26M | 8.87M | 12.3M | -2.23M | 4.3M | 2.51M | 12.11M | 10.77M | 32.92M | 8.07M | 9.74M | 9.82M | 2.64M | 2.09M | 2.38M |
| EBITDA | 62.45M | 23.23M | 53.08M | 41.36M | 60.24M | 27.43M | 95.52M | 36.99M | 68.01M | 31.44M | 23.47M | 40.07M | 60.44M | 32.69M | 22.83M | 46.45M | 45.01M | 25.89M | 19.45M | 15.59M |
| EBITDA Margin % | 29.88% | 14.03% | 36.97% | 23.1% | 27.91% | 15.82% | 64.36% | 19.72% | 31.04% | 17.71% | 14.69% | 21.46% | 28.07% | 19.05% | 14.16% | 26.56% | 27.81% | 19.86% | 16.74% | 16.06% |
| Depreciation & Amortization | 22.58M | 22.77M | 23.27M | 23.47M | 23.5M | 23.65M | 25.19M | 24.81M | 25.54M | 25.6M | 22.82M | 22.68M | 22.64M | 20.62M | 19.72M | 19.69M | 18.56M | 19M | 18.4M | 18.38M |
| D&A / Revenue % | 10.8% | 13.75% | 16.21% | 13.1% | 10.89% | 13.64% | 16.97% | 13.23% | 11.66% | 14.42% | 14.28% | 12.15% | 10.52% | 12.02% | 12.24% | 11.26% | 11.47% | 14.57% | 15.84% | 18.93% |
| Operating Income | 39.87M | 468K | 29.81M | 17.89M | 36.74M | 3.78M | 70.33M | 12.18M | 42.47M | 5.84M | 651K | 17.39M | 37.8M | 12.07M | 3.11M | 26.76M | 26.45M | 6.89M | 1.05M | -2.79M |
| Operating Margin % | 19.08% | 0.28% | 20.76% | 9.99% | 17.02% | 2.18% | 47.39% | 6.49% | 19.38% | 3.29% | 0.41% | 9.31% | 17.56% | 7.03% | 1.93% | 15.3% | 16.34% | 5.29% | 0.9% | -2.87% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.92x | -0.60x | 1.16x | 0.72x | 1.49x | 0.19x | 2.40x | 0.49x | 1.64x | 0.19x | -0.02x | 0.86x | 1.83x | 0.77x | 0.43x | 2.73x | 3.14x | 0.80x | 0.08x | -0.56x |
| Non-Operating Income | -777K | 12.76M | 543K | -281K | -226K | -1.26M | 3.45M | -1.21M | -958K | 1.25M | 1.15M | -3M | -4.01M | -2.51M | -3.09M | -1.27M | -285K | 75K | 345K | 1.29M |
| Pretax Income | 19.45M | -35.46M | 4.08M | -7.19M | 12.14M | -21.4M | 38.97M | -13.9M | 16.93M | -19.86M | -23.8M | -3.21M | 18.93M | -4.29M | -8.29M | 17.76M | 18.21M | -1.74M | -7.66M | -11.3M |
| Pretax Margin % | 9.31% | -21.42% | 2.84% | -4.01% | 5.62% | -12.35% | 26.26% | -7.41% | 7.73% | -11.19% | -14.89% | -1.72% | 8.79% | -2.5% | -5.14% | 10.15% | 11.25% | -1.33% | -6.59% | -11.64% |
| Income Tax | 1.42M | 1.5M | -648K | -345K | 1.47M | 368K | -864K | -114K | 1.45M | 1.63M | -1.19M | -75K | 2.33M | 260K | 95K | 1.08M | 2.61M | 558K | 560K | 61K |
| Effective Tax Rate % | 7.28% | -4.24% | -15.9% | 4.8% | 12.09% | -1.72% | -2.22% | 0.82% | 8.57% | -8.18% | 5% | 2.33% | 12.3% | -6.06% | -1.15% | 6.07% | 14.33% | -32.14% | -7.31% | -0.54% |
| Net Income | 17.7M | -33.59M | 5.74M | -5.47M | 11M | -18.65M | 12.6M | -11.56M | 15.93M | -19.18M | -22.03M | -1.85M | 16.03M | -3.23M | -8.04M | 14.37M | 14.66M | -1.78M | -6.95M | -9.23M |
| Net Margin % | 8.47% | -20.29% | 4% | -3.05% | 5.1% | -10.76% | 8.49% | -6.17% | 7.27% | -10.8% | -13.79% | -0.99% | 7.45% | -1.88% | -4.99% | 8.21% | 9.06% | -1.36% | -5.98% | -9.51% |
| Net Income Growth % | 60.97% | -80.08% | -54.41% | 52.73% | -30.96% | 2.72% | 157.18% | -526.49% | -0.65% | -494.02% | -174% | -112.85% | 9.35% | -81.65% | -15.75% | 255.59% | 268.39% | 93.09% | 62.81% | 80.74% |
| Funds From Operations (FFO) | 40.28M | -10.82M | 29.01M | 18M | 34.5M | 5M | 37.78M | 13.25M | 41.47M | 6.42M | 792K | 20.84M | 38.67M | 17.4M | 11.68M | 34.05M | 33.22M | 17.22M | 11.46M | 9.15M |
| FFO Margin % | 19.28% | -6.54% | 20.21% | 10.05% | 15.99% | 2.88% | 25.46% | 7.06% | 18.93% | 3.62% | 0.5% | 11.16% | 17.96% | 10.14% | 7.25% | 19.47% | 20.52% | 13.21% | 9.86% | 9.42% |
| FFO Growth % | 16.76% | -316.72% | -23.21% | 35.87% | -16.8% | -22.24% | 4670.45% | -36.43% | 7.22% | -63.07% | -93.22% | -38.81% | 16.41% | 1.01% | 1.98% | 272.23% | 239.6% | 328.47% | 30862.16% | 131.36% |
| FFO per Share | 0.60 | -0.15 | 0.43 | 0.27 | 0.52 | 0.08 | 0.57 | 0.20 | 0.62 | 0.10 | 0.01 | 0.32 | 0.53 | 0.25 | 0.16 | 0.32 | 0.37 | 0.27 | 0.19 | 0.19 |
| FFO Payout Ratio % | 0% | 0% | 40.38% | 66.63% | 35.39% | 250.67% | 33.86% | 99.04% | 31.65% | 204.42% | 1678.28% | 64.83% | 32.66% | 44.73% | 48.34% | 12.87% | 8.88% | 12.81% | 16.93% | 26.09% |
| EPS (Diluted) | 0.21 | -0.46 | 0.08 | -0.24 | -0.04 | -0.47 | -0.02 | -0.33 | 0.19 | -0.47 | -0.50 | -0.20 | 0.05 | -0.26 | -0.24 | 0.12 | 0.16 | -0.06 | -0.15 | -0.32 |
| EPS Growth % | 646.88% | 2.13% | 489.81% | 27.27% | -120.21% | 0% | 95.68% | -65% | 299.16% | -80.77% | -108.33% | -266.67% | -70.25% | -301.85% | -60% | 137.5% | 157.14% | 91.6% | 76.19% | 79.09% |
| EPS (Basic) | 0.30 | -0.49 | 0.08 | -0.24 | -0.04 | -0.47 | -0.02 | -0.33 | 0.19 | -0.47 | -0.50 | -0.20 | 0.05 | -0.26 | -0.24 | 0.14 | 0.16 | -0.07 | -0.15 | -0.32 |
| Diluted Shares Outstanding | 67.62M | 73.28M | 68.22M | 67.01M | 66.74M | 66.52M | 66.52M | 66.5M | 66.45M | 65.83M | 65.83M | 65.81M | 72.48M | 70.84M | 70.96M | 107.67M | 89.89M | 63.74M | 59.21M | 47.82M |