CaliberCos Inc. (Nasdaq: CWD) announced its fourth quarter and full year 2025 financial results on March 25, 2026. The company reported a platform revenue of $4.0 million for Q4 2025, a decrease from $4.6 million in Q4 2024. The platform net loss was $7.7 million, or $1.24 per diluted share, compared to a net loss of $11.6 million, or $10.34 per diluted share in the previous year. The results were impacted by a $5.1 million unrealized loss in Caliber's LINK treasury due to changes in the fair value of digital assets. For the full year 2025, Caliber reported total platform revenue of $15.2 million, down from $20.9 million in 2024, with a net loss of $21.2 million, or $7.50 per diluted share. Despite these challenges, Caliber is optimistic about its 2026 outlook, projecting revenue between $18 million and $22 million, driven by anticipated project-level financings and continued capital formation activities. The company aims to achieve adjusted EBITDA profitability and positive net operating income in 2026, bolstered by a streamlined platform focused on hospitality and multifamily investments. Management expressed confidence in the potential of its digital asset strategy, which includes staking LINK tokens and tokenizing real estate projects to enhance investor liquidity and broaden access to capital formation.

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