CaliberCos Q2 platform adjusted EBITDA turns positive, reaffirms 2026 outlook - CWD News | RalliesCaliberCos Q2 platform adjusted EBITDA turns positive, reaffirms 2026 outlook
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CWD• Outlook
- Caliber reaffirms 2026 revenue guidance of $18.0 mln to $22.0 mln
- Company expects positive net operating income and adjusted EBITDA profitability for 2026
- Caliber anticipates 2026 revenue will be weighted toward the second half of the year
Overview
- US real estate asset manager's Q2 platform revenue fell yr/yr, driven by lower development fees
- Platform adjusted EBITDA turned positive in Q2, reflecting progress against internal 2026 plan
- Platform net loss narrowed yr/yr as interest expense and other losses declined
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Platform Loss Per Share | | $0.39 | |
| Q2 Platform Net Loss | | $3.43 mln | |
| Q2 Platform Pretax Loss | | $3.43 mln | |
Result Drivers
- Development fees decline - Lower development and construction fees drove the decrease in platform revenue
- Hospitality revenue - Increase in hospitality service revenue partially offset overall revenue decline
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