CaliberCos Inc.(CWD)Earnings, Financials & Key Ratios
CWD•NASDAQ•Banking & Credit
$1.01
$22M mkt cap·Price updated May 6, 2026
AboutCaliberCos 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.Show more
- Net Interest Income-$5M-16.0%
- Total Revenue$51M-43.8%
- Net Income-$20M-55.7%
- Return on Equity-51.19%-188.5%
- Net Interest Margin-4.8%-229.0%
- Efficiency Ratio74.2%+73.7%
- ROA-9.77%-122.3%
- Equity / Assets10.66%-51.6%
- Book Value per Share0.51-84.4%
- Tangible BV/Share0.51-84.4%
- Debt/Equity7.27+128.8%
CWD Key Insights
CaliberCos Inc. (CWD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Well capitalized: 10.7% equity/assets
- ✓Diversified revenue: 99.3% from non-interest income
✗Weaknesses
- ✗High debt to equity ratio of 7.3x
- ✗Weak NIM of -4.8%
- ✗Weak momentum: RS Rating 12 (bottom 12%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CWD Price & Volume
CaliberCos Inc. (CWD) stock price & volume — 10-year historical chart
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CWD Growth Metrics
CaliberCos Inc. (CWD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-1.92%
3 Years-3.01%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-94.58%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-841.78%
Return on Capital
10 Years-11.58%
5 Years-16.89%
3 Years-7.07%
Last Year-7.18%
CWD Peer Comparison
CaliberCos Inc. (CWD) competitors in Alternative asset managers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ARES | 40.68B | 123.86 | 63.19 | 66.55% | 6.25% | 1.71 | ||
 CSWC | 1.44B | 24.19 | 16.46 | 7.67% | 10.32% | 1.08 | ||
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 RCUS | 2.62B | 26.00 | -7.90 | -4.26% | -156.36% | -68.97% | 0.16 | |
 JCAP | 1.19B | 20.38 | 11.26 | 34.12% | 34.93% | 3.12 | ||
 BRSP | 775.15M | 5.95 | -22.88 | -4.5% | -9.47% | -3.34% | 2.68 | |
 GPMT | 70.87M | 1.49 | -1.28 | 187.77% | -30.49% | -7.1% | 2.12 | |
 FBRT | 704.6M | 9.16 | 14.30 | -100% | 17.89% | 4.73% | 2.78 |
Compare CWD vs Peers
CaliberCos Inc. (CWD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CWD Income Statement
CaliberCos Inc. (CWD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | -10.72M | 679K | -711K | -877K | -4.37M | -5.06M | -6.02M |
| NII Growth % | - | - | 106.33% | -204.71% | -23.35% | -397.95% | -15.96% | -97.24% |
| Net Interest Margin % | 0% | -6.1% | 0.3% | -0.29% | -0.31% | -1.46% | -4.8% | -7.29% |
| Interest Income | 0 | 27.23K | 679K | 1K | 178K | 350K | 360K | 148K |
| Interest Expense | 0 | 10.75M | 0 | 712K | 1.05M | 4.72M | 5.42M | 6.16M |
| Loan Loss Provision | 41.26M | 30.06M | 44.72M | 55.29M | 59.61M | 75.95M | 21.08M | 1.89M |
| Non-Interest Income | 51.05M | 56.3M | 37.2M | 56.03M | 83.78M | 90.59M | 50.76M | 32.17M |
| Non-Interest Income % | 100% | 99.95% | 98.21% | 100% | 99.79% | 99.62% | 99.3% | 99.54% |
| Total Revenue | 51.05M▲ 0% | 56.33M▲ 10.4% | 37.88M▼ 32.8% | 56.03M▲ 47.9% | 83.96M▲ 49.8% | 90.94M▲ 8.3% | 51.12M▼ 43.8% | 32.32M▲ 0% |
| Revenue Growth % | - | 10.35% | -32.76% | 47.93% | 49.83% | 8.32% | -43.79% | -167.91% |
| Non-Interest Expense | -12.99M | 10.42M | 19.47M | 22.14M | 31.74M | 38.84M | 37.93M | 34.06M |
| Efficiency Ratio | -25.45% | 18.5% | 51.4% | 39.52% | 37.8% | 42.72% | 74.2% | 105.37% |
| Operating Income | 7.03M▲ 0% | 5.1M▼ 27.5% | -26.31M▼ 615.9% | -22.11M▲ 16.0% | -8.45M▲ 61.8% | -28.58M▼ 238.2% | -13.31M▲ 53.4% | -9.79M▲ 0% |
| Operating Margin % | 13.78% | 9.05% | -69.46% | -39.46% | -10.06% | -31.43% | -26.04% | -30.29% |
| Operating Income Growth % | - | -27.5% | -615.89% | 15.97% | 61.78% | -238.23% | 53.41% | - |
| Pretax Income | 6.95M▲ 0% | 5.94M▼ 14.5% | -25.55M▼ 529.8% | -21.17M▲ 17.1% | 13.95M▲ 165.9% | -27.59M▼ 297.8% | -21.47M▲ 22.2% | -21.15M▲ 0% |
| Pretax Margin % | 13.62% | 10.55% | -67.44% | -37.78% | 16.62% | -30.34% | -42% | -65.42% |
| Income Tax | -81.75K | 0 | 0 | 0 | 0 | 0 | 0 | -145K |
| Effective Tax Rate % | -1.18% | 0% | 0% | 0% | 0% | 0% | 0% | 0.69% |
| Net Income | -13.07M▲ 0% | 6.47M▲ 149.5% | -5.45M▼ 184.2% | -698K▲ 87.2% | 2.02M▲ 389.4% | -12.7M▼ 728.9% | -19.78M▼ 55.7% | -20.92M▲ 0% |
| Net Margin % | -25.61% | 11.48% | -14.38% | -1.25% | 2.41% | -13.97% | -38.69% | -64.71% |
| Net Income Growth % | - | 149.47% | -184.21% | 87.18% | 389.4% | -728.86% | -55.69% | -94.58% |
| Net Income (Continuing) | -13.07M | 5.94M | -25.55M | -21.17M | 13.95M | -27.59M | -21.47M | -21M |
| EPS (Diluted) | -0.62▲ 0% | 0.31▲ 150.0% | -0.26▼ 183.9% | -0.03▲ 87.2% | 0.10▲ 389.5% | -0.63▼ 755.6% | -0.90▼ 42.9% | -14.90▲ 0% |
| EPS Growth % | - | 150% | -183.87% | 87.23% | 389.46% | -755.57% | -42.86% | -841.78% |
| EPS (Basic) | -0.62 | 0.31 | -0.26 | -0.03 | 0.10 | -0.63 | -0.90 | - |
| Diluted Shares Outstanding | 21.02M | 21.02M | 21.02M | 21.02M | 21.02M | 20.09M | 21.99M | 1.4M |
CWD Balance Sheet
CaliberCos Inc. (CWD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 10.83M | 16.69M | 6.53M | 8.38M | 7.66M | 3.81M | 2.31M | 17.95M |
| Cash & Due from Banks | 10.83M | 16.69M | 6.53M | 8.38M | 7.66M | 3.81M | 2.31M | 13.39M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 1.54M | 2.38M | 3.16M | 3.34M | 15.64M | 0 |
| Investments Growth % | - | - | - | 54.37% | 32.49% | 5.77% | 368.63% | 180.9% |
| Long-Term Investments | 0 | 0 | 1.54M | 2.38M | 3.16M | 3.34M | 15.64M | 43.38M |
| Accounts Receivables | 0 | 0 | 770K | 1.27M | 2.29M | 2.18M | 576K | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 184K | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 184K | 0 | 0 |
| PP&E (Net) | 142.91M | 144.55M | 0 | 0 | 10.18M | 10.51M | 147K | 32.23M |
| Other Assets | -315.04M | -166.35M | 196.06M | 186.14M | 205.9M | 217.61M | 68.95M | -32.23M |
| Total Current Assets | 184.49M | 0 | 29.48M | 57.13M | 59.24M | 67.79M | 20.8M | 0 |
| Total Non-Current Assets | 315.04M | 154.08M | 197.86M | 188.52M | 219.59M | 231.64M | 84.74M | 0 |
| Total Assets | 133.38M▲ 0% | 175.89M▲ 31.9% | 227.34M▲ 29.3% | 245.65M▲ 8.1% | 278.83M▲ 13.5% | 299.43M▲ 7.4% | 105.53M▼ 64.8% | 82.57M▲ 0% |
| Asset Growth % | - | 31.86% | 29.25% | 8.05% | 13.51% | 7.39% | -64.75% | -230.89% |
| Return on Assets (ROA) | -9.8% | 4.18% | -2.7% | -0.3% | 0.77% | -4.39% | -9.77% | -25.33% |
| Accounts Payable | 0 | 0 | 10.45M | 15.09M | 15.63M | 20.62M | 10.74M | 0 |
| Total Debt | 16.87M | 131.3M | 151.08M | 166.31M | 177.63M | 209.61M | 81.76M | 62.65M |
| Net Debt | 6.04M | 114.61M | 144.54M | 157.93M | 169.98M | 205.81M | 79.45M | 49.26M |
| Long-Term Debt | 0 | 131.3M | 148.54M | 160.22M | 156.25M | 123.81M | 81.67M | 55.11M |
| Short-Term Debt | 133.38M | 131.3M | 2.31M | 6.02M | 7.34M | 73.1M | 0 | 7.43M |
| Other Liabilities | -12.36M | -21.8M | 14.16M | 14.14M | 14.9M | 74.33M | 1.01M | -55.21M |
| Total Current Liabilities | 298.06M | 293.16M | 11.28M | 17.04M | 16.45M | 22.57M | 11.51M | 17.97M |
| Total Non-Current Liabilities | 152.32M | 161.86M | 167.62M | 178.92M | 185.19M | 210.85M | 82.78M | 0 |
| Total Liabilities | 27.97K | 161.86M | 178.9M | 195.96M | 201.65M | 233.41M | 94.28M | 73.28M |
| Total Equity | 294.69M▲ 0% | 14.03M▼ 95.2% | 48.44M▲ 245.3% | 49.69M▲ 2.6% | 77.19M▲ 55.3% | 66.02M▼ 14.5% | 11.25M▼ 83.0% | 9.29M▲ 0% |
| Equity Growth % | - | -95.24% | 245.26% | 2.59% | 55.33% | -14.47% | -82.95% | -378.26% |
| Equity / Assets (Capital Ratio) | 220.93% | 7.98% | 21.31% | 20.23% | 27.68% | 22.05% | 10.66% | 11.25% |
| Return on Equity (ROE) | -4.44% | 4.19% | -17.44% | -1.42% | 3.18% | -17.74% | -51.19% | -225.23% |
| Book Value per Share | 14.02 | 0.67 | 2.30 | 2.36 | 3.67 | 3.29 | 0.51 | 6.61 |
| Tangible BV per Share | 14.02 | 0.67 | 2.30 | 2.36 | 3.67 | 3.28 | 0.51 | 6.61 |
| Common Stock | 0 | 28.09K | 17K | 17K | 18K | 21K | 22K | 5K |
| Additional Paid-in Capital | 14.17M | 14.86M | 22.05M | 29.25M | 33.11M | 39.43M | 44M | 74.86M |
| Retained Earnings | -20.25M | -19.09M | -24.78M | -24.73M | -22.71M | -36.83M | -56.61M | -70.68M |
| Accumulated OCI | 7.46M | 14.03M | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | -13.63M | -13.63M | -13.63M | -13.63M | -13.63M | 0 | 0 | 0 |
| Preferred Stock | 0 | 3.84M | 0 | 0 | 0 | 0 | 0 | 3.2M |
CWD Cash Flow Statement
CaliberCos Inc. (CWD) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.07M | 5.09M | -15.77M | -15.02M | -7.43M | -18.72M | 555K | 555K |
| Operating CF Growth % | - | 65.63% | -409.62% | 4.78% | 50.52% | -151.99% | 102.96% | -6223.81% |
| Net Income | -2.99M | 6.47M | -25.55M | -21.17M | 13.95M | -27.59M | -21.47M | -20.92M |
| Depreciation & Amortization | 7.03M | 8.37M | 8.03M | 10.48M | 9.34M | 10.88M | 6.17M | 2.91M |
| Deferred Taxes | 0 | 0 | -1.06M | 0 | -26.59M | 0 | 0 | 0 |
| Other Non-Cash Items | 8.92M | -9.39M | 1.02M | -3.04M | 377K | -3.62M | 9.36M | 15.01M |
| Working Capital Changes | 4.68M | -350K | 1.9M | -1.31M | -5.05M | -2.12M | 4.12M | -1.03M |
| Cash from Investing | -26.99M | 5.96M | -9.67M | -14.31M | -31.75M | 10.69M | -19.63M | -19.17M |
| Purchase of Investments | -8.06M | -19.96M | -13.34M | 0 | -58.08M | -46.83M | 0 | -8.33M |
| Sale/Maturity of Investments | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 0 | 1000K |
| Net Investment Activity | -8.06M | -18.96M | -12.34M | 0 | -57.08M | -45.83M | 0 | -7.33M |
| Acquisitions | 0 | 25.77M | -171K | -457K | -16.62M | -207K | -18.55M | -1.64M |
| Other Investing | 1.13M | -1.9M | -9.5M | -13.86M | -15.14M | -7.38M | -1.08M | -8.5M |
| Cash from Financing | 21.98M | -5.19M | 19.56M | 35.05M | 38.58M | 9.74M | 6.33M | 35.23M |
| Dividends Paid | -398.11K | -439.88K | -244K | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -73.6K | -266.57K | -291K | -317K | -313K | -183K | 0 | 0 |
| Stock Issued | 2.52M | 65.94K | 35K | 0 | 13K | 2.6M | 6K | 30.8M |
| Net Stock Activity | 2.44M | -200.63K | -256K | -317K | -300K | 2.42M | 6K | 30.8M |
| Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1.84M |
| Other Financing | -2.09M | 539.08K | 7.54M | 13.32M | 19.43M | -10.01M | 8.31M | 780K |
| Net Change in Cash | -1.94M▲ 0% | 5.86M▲ 402.9% | -5.88M▼ 200.2% | 5.72M▲ 197.3% | -598K▼ 110.5% | 1.71M▲ 385.3% | -12.74M▼ 847.0% | 9.29M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 12.76M | 10.83M | 16.69M | 10.81M | 16.53M | 15.93M | 17.64M | 3.45M |
| Cash at End | 10.83M | 16.69M | 10.81M | 16.53M | 15.93M | 17.64M | 4.9M | 13.39M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.97M |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -16.98M▲ 0% | 622.11K▲ 103.7% | -16.56M▼ 2762.4% | -15.02M▲ 9.3% | -8.11M▲ 46.0% | -18.72M▼ 130.9% | 555K▲ 103.0% | -6.77M▲ 0% |
| FCF Growth % | - | 103.66% | -2762.39% | 9.35% | 46% | -130.88% | 102.96% | 12.96% |
CWD Banking Ratios
CaliberCos Inc. (CWD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 4.19% | -17.44% | -1.42% | 3.18% | -17.74% | -51.19% | -225.23% |
| Return on Assets (ROA) | 4.18% | -2.7% | -0.3% | 0.77% | -4.39% | -9.77% | -25.33% |
| Net Interest Margin | -6.1% | 0.3% | -0.29% | -0.31% | -1.46% | -4.8% | -7.29% |
| Efficiency Ratio | 18.5% | 51.4% | 39.52% | 37.8% | 42.72% | 74.2% | 105.37% |
| Equity / Assets | 7.98% | 21.31% | 20.23% | 27.68% | 22.05% | 10.66% | 11.25% |
| Book Value / Share | 0.67 | 2.3 | 2.36 | 3.67 | 3.29 | 0.51 | 6.61 |
| NII Growth | - | 106.33% | -204.71% | -23.35% | -397.95% | -15.96% | -23.51% |
| Dividend Payout | 6.8% | - | - | - | - | - | 0% |
CWD Frequently Asked Questions
CaliberCos Inc. (CWD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
CaliberCos Inc. (CWD) saw revenue decline by 43.8% over the past year.
CaliberCos Inc. (CWD) reported a net loss of $20.9M for fiscal year 2024.
Dividend & Returns
CaliberCos Inc. (CWD) has a return on equity (ROE) of -51.2%. Negative ROE indicates the company is unprofitable.
Industry Metrics
CaliberCos Inc. (CWD) has a net interest margin (NIM) of -4.8%. NIM has been under pressure due to interest rate environment.
CaliberCos Inc. (CWD) has an efficiency ratio of 74.2%. This is higher than peers, suggesting room for cost optimization.
Explore More CWD
CaliberCos Inc. (CWD) financial analysis — history, returns, DCA and operating performance tools
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Revenue History
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Valuation
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