Belpointe PREP, LLC (OZ) 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 | 4.24M | 3.06M | 2.38M | 2M | 1.74M | 1.09M | 860K | 384K | 337K | 511K | 468K | 778K | 497K | 412K | 338K | 312K | 329K | 318K | 278K | 247K |
| Revenue Growth % | 143.53% | 180.07% | 176.98% | 421.35% | 416.02% | 114.09% | 83.76% | -50.64% | -32.19% | 24.03% | 38.46% | 149.36% | 51.06% | 29.56% | 21.58% | 26.32% | 113.64% | - | - | - |
| Property Operating Expenses | 11.16M | 7.54M | 3.8M | 3.97M | 2.7M | 2.06M | 2.08M | 1.61M | 1.55M | 1.53M | 1.02M | 0 | 0 | 0 | 0 | 924K | 0 | 0 | 0 | 0 |
| Net Operating Income (NOI) | -6.92M | -4.48M | -1.41M | -1.97M | -965K | -970K | -1.22M | -1.23M | -1.21M | -1.02M | -552K | 778K | 497K | 412K | 338K | -612K | 329K | 318K | 278K | 247K |
| NOI Margin % | -163.42% | -146.15% | -59.36% | -98.35% | -55.49% | -88.67% | -142.21% | -319.53% | -359.05% | -200.2% | -117.95% | 100% | 100% | 100% | 100% | -196.15% | 100% | 100% | 100% | 100% |
| Operating Expenses | -1.33M | 2.08M | 1.3M | 3.04M | 1.62M | 3.27M | 2.38M | 1.18M | 1.57M | 1.87M | -552K | 1.22M | 1.77M | 1.89M | 794K | 1.74M | 1.64M | 2.56M | 176K | 57K |
| G&A Expenses | 1.79M | 2.07M | 1.3M | 1.18M | 1.62M | 1.44M | 921K | 1.18M | 1.57M | 1.87M | 1.48M | 1.22M | 1.77M | 1.89M | 794K | 1.47M | 1.64M | 2.56M | 176K | 57K |
| EBITDA | -2.52M | -3.51M | -838K | -2.62M | -664K | -1.89M | -1.68M | -1.76M | -2.5M | -2.51M | -2.82M | -438K | -1.27M | -1.48M | -456K | -2.04M | -1.31M | -2.24M | 102K | 190K |
| EBITDA Margin % | -59.43% | -114.62% | -35.18% | -131.07% | -38.18% | -172.58% | -194.77% | -458.85% | -740.65% | -490.61% | -601.92% | -56.3% | -256.34% | -358.74% | -134.91% | -653.21% | -398.78% | -704.72% | 36.69% | 76.92% |
| Depreciation & Amortization | 3.08M | 3.05M | 1.88M | 2.39M | 1.92M | 2.35M | 1.93M | 641K | 284K | 382K | 485K | 0 | 0 | 0 | 0 | 266K | 0 | 0 | 0 | 0 |
| D&A / Revenue % | 72.66% | 99.45% | 78.97% | 119.18% | 110.24% | 214.99% | 224.77% | 166.93% | 84.27% | 74.76% | 103.63% | 0% | 0% | 0% | 0% | 85.26% | 0% | 0% | 0% | 0% |
| Operating Income | -5.59M | -6.56M | -2.72M | -5.01M | -2.58M | -4.24M | -3.61M | -2.4M | -2.78M | -2.89M | 0 | -438K | -1.27M | -1.48M | -456K | -2.3M | -1.31M | -2.24M | 102K | 190K |
| Operating Margin % | -132.09% | -214.07% | -114.15% | -250.25% | -148.42% | -387.57% | -419.53% | -625.78% | -824.93% | -565.36% | 0% | -56.3% | -256.34% | -358.74% | -134.91% | -738.46% | -398.78% | -704.72% | 36.69% | 76.92% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 721K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Coverage | -1.02x | -1.18x | -1.50x | -1.66x | -0.59x | -0.94x | -1.08x | -1.71x | -3.86x | - | - | - | - | - | - | - | - | - | - | - |
| Non-Operating Income | -206K | -249K | 4.57M | -245K | 0 | -256K | -15K | 519K | 0 | 0 | 3.3M | -438K | -1.27M | -1.48M | -456K | 266K | -1.31M | -2.24M | 102K | 190K |
| Pretax Income | -10.67M | -11.68M | -12.13M | -7.63M | -8.62M | -8.24M | -6.92M | -4.72M | -3.98M | -4.18M | -3.3M | -4.07M | -2.81M | -2.97M | -1.33M | -1.82M | -2.01M | -2.97M | 133K | -66K |
| Pretax Margin % | -252.02% | -381.17% | -509.28% | -381.27% | -495.86% | -752.83% | -805.12% | -1228.13% | -1181.31% | -818.2% | -705.56% | -523.26% | -564.79% | -720.15% | -393.2% | -583.65% | -610.64% | -935.22% | 47.84% | -26.72% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 1K | 0 | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 1K | 111K | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | -0.01% | 0% | 0% | 0% | -0.02% | 0% | 0% | 0% | 0% | -0.08% | -6.1% | 0% | 0% | 0% | 0% |
| Net Income | -10.66M | -11.67M | -12.13M | -7.63M | -8.62M | -8.23M | -6.93M | -4.72M | -3.98M | -4.18M | -3.28M | -4.08M | -2.81M | -2.74M | -1.04M | -1.93M | -2.02M | -2.99M | 51K | -66K |
| Net Margin % | -251.83% | -380.84% | -509.28% | -380.97% | -495.63% | -751.92% | -805.58% | -1229.17% | -1181.31% | -817.42% | -701.71% | -524.42% | -565.39% | -664.08% | -309.17% | -619.23% | -612.77% | -940.88% | 18.35% | -26.72% |
| Net Income Growth % | -23.74% | -41.86% | -75.1% | -61.59% | -116.5% | -96.94% | -110.96% | -15.69% | -41.67% | -52.67% | -214.26% | -111.18% | -39.38% | 8.56% | -2149.02% | -2827.27% | -1475% | - | - | - |
| Funds From Operations (FFO) | -7.59M | -8.62M | -10.25M | -5.24M | -6.7M | -5.87M | -5M | -4.08M | -3.7M | -3.79M | -2.8M | -3.84M | -2.3M | -2.34M | -696K | -1.67M | -1.73M | -2.77M | 183K | 40K |
| FFO Margin % | -179.17% | -281.4% | -430.31% | -261.79% | -385.39% | -536.93% | -580.81% | -1062.24% | -1097.03% | -742.66% | -598.08% | -493.19% | -462.37% | -568.93% | -205.92% | -533.97% | -526.44% | -872.33% | 65.83% | 16.19% |
| FFO Growth % | -13.22% | -46.78% | -105.21% | -28.49% | -81.28% | -54.78% | -78.46% | -6.31% | -60.88% | -61.9% | -302.16% | -130.31% | -32.68% | 15.5% | -480.33% | -4265% | -2305.56% | - | - | - |
| FFO per Share | -2.00 | -2.27 | -2.77 | -1.42 | -1.83 | -1.60 | -1.38 | -1.12 | -1.02 | -1.05 | -0.78 | -1.09 | -0.65 | -0.67 | -0.20 | -0.49 | -0.51 | -1.20 | 0.15 | 0.03 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | -2.81 | -3.08 | -3.28 | -2.06 | -2.35 | -2.24 | -1.90 | -1.30 | -1.10 | -1.15 | -0.92 | -1.16 | -0.94 | -0.78 | -0.39 | -0.57 | -0.32 | -0.88 | 0.04 | -0.05 |
| EPS Growth % | -19.57% | -37.5% | -72.63% | -58.46% | -113.64% | -94.78% | -106.52% | -12.07% | -17.02% | -47.44% | -135.9% | -103.51% | -193.75% | 11.36% | -1055.88% | -979.55% | -220% | - | - | - |
| EPS (Basic) | -2.81 | -3.08 | -3.28 | -2.06 | -2.35 | -2.24 | -1.90 | -1.30 | -1.10 | -1.15 | -0.92 | -1.16 | -0.94 | -0.78 | -0.39 | -0.57 | -0.32 | -0.88 | 0.04 | -0.05 |
| Diluted Shares Outstanding | 3.79M | 3.79M | 3.7M | 3.7M | 3.66M | 3.66M | 3.63M | 3.63M | 3.63M | 3.62M | 3.58M | 3.53M | 3.52M | 3.52M | 3.43M | 3.39M | 3.38M | 2.32M | 1.25M | 1.25M |