CaliberCos Inc. (CWD) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
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CWD Revenue Growth
Revenue Breakdown (FY 2024)
CWD's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
CWD Revenue Analysis (2018–2024)
As of May 8, 2026, CaliberCos Inc. (CWD) generated trailing twelve-month (TTM) revenue of $32.3 million, reflecting slight decline in growth of +0.0% year-over-year. The most recent quarter (Q3 2025) recorded $11.3 million in revenue, up 122.8% sequentially.
Looking at the longer-term picture, CWD's 5-year compound annual growth rate (CAGR) stands at -1.9%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $90.9 million in 2023.
Revenue diversification analysis shows CWD's business is primarily driven by Hotel (52%), Asset Management (33%), and Product and Service, Other (14%). With over half of revenue concentrated in Hotel, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including ARES, CSWC, and TPVG, CWD has underperformed the peer group in terms of revenue growth. Compare CWD vs ARES →
CWD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CWDCurrent | $32M | +0.0% | -1.9% | -26.0% | |
 ARES | $6.5B | - | - | 27.2% | |
 CSWC | $164M | - | - | 48.5% | |
 TPVG | $97M | - | - | 77.9% | |
 RCUS | $247M | +67.4% | +25.9% | -156.3% | |
 JCAP | $433M | - | - | 50.8% |
CWD Historical Revenue Data (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $51.1M | - | $24.6M | 48.2% | $-13,313,000 | -26.0% |
| 2023 | $90.9M | - | $10.3M | 11.3% | $-28,577,000 | -31.4% |
| 2022 | $84.0M | - | $23.3M | 27.7% | $-8,449,000 | -10.1% |
| 2021 | $56.0M | - | $34K | 0.1% | $-22,109,000 | -39.5% |
| 2020 | $37.9M | - | $-6,841,000 | -18.1% | $-26,310,000 | -69.5% |
| 2019 | $56.3M | - | $15.5M | 27.6% | $5.1M | 9.1% |
| 2018 | $51.0M | - | $9.8M | 19.2% | $7.0M | 13.8% |
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Start ComparisonCWD — Frequently Asked Questions
Quick answers to the most common questions about buying CWD stock.
Is CWD's revenue growth accelerating or slowing?
CWD TTM revenue: $32M. YoY growth: +0.0%. 5-year CAGR: -1.9%.
What is CWD's long-term revenue growth rate?
CaliberCos Inc.'s 5-year revenue CAGR of -1.9% reflects the variable expansion pattern. Current YoY growth of +0.0% is near this long-term average.
How is CWD's revenue distributed by segment?
CWD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2024 are available for download. Segment mix reveals concentration and diversification trends.