Caliber Q1 Revenue Grows 16% to $4.1M, EBITDA Loss Narrows
CWD•Caliber’s Q1 platform revenue rose 16% to $4.1 million with adjusted EBITDA loss narrowing to $0.3 million, compared to $1.4 million last year. Digital asset treasury holds 507,560 LINK tokens valued at $4.5 million, with $0.5 million of LINK sales redeployed into real estate project financing.
1. First Quarter Financial Results
Caliber reported Q1 2026 platform revenue of $4.1 million versus $3.5 million a year earlier, driven by a $0.5 million increase in asset management fees. The company posted a platform net loss of $4.3 million, or $0.62 per share, with an adjusted EBITDA loss of $0.3 million, narrowing substantially from a $1.4 million adjusted EBITDA loss in Q1 2025.
2. Digital Asset Treasury and Redeployment
As of March 31, Caliber held 507,560 LINK tokens valued at $4.5 million. During the quarter the company sold 55,076 LINK for $0.5 million, redeploying proceeds into capital formation and project financing initiatives such as the Steamboat Hyatt Studios development.
3. Full-Year Guidance and Profitability Path
Caliber reaffirmed 2026 guidance calling for $18 million to $22 million in revenue, positive net operating income and adjusted EBITDA profitability. Management expects roughly 60% of revenue growth from debt financing activities and 40% from capital formation, with revenue weighted to the back half of the year.
4. Recent Business Updates
Key milestones include sale of Holiday Inn Ocotillo for $13 million, conversion of $15.9 million in preferred equity to common shares, nomination of J. Alan Reid, Jr. to the board, PURE Pickleball & Padel permits approval, $1.9 million in noteholder conversions, and advancement of three Hyatt Studios projects across Colorado, Arizona and Texas.
