Core Viewpoint - Caliber has regained compliance with Nasdaq Listing Rule 5550(a)(2) by maintaining a minimum bid price of $1.00 per share for the required period, thus resolving the previous non-compliance issue [1][2]. Company Overview - Caliber (CaliberCos Inc.) manages over $2.9 billion in assets and has a 16-year track record in real estate management and development, focusing on hospitality, multi-family residential, and multi-tenant industrial sectors [3]. - The company aims to generate profits in all market conditions and has a competitive advantage by investing in overlooked projects, strategies, and geographies [3]. - Caliber utilizes an in-house shared services group to enhance control over real estate and improve visibility into future investment opportunities [3]. Compliance Details - On May 14, 2024, Caliber was notified of non-compliance with Nasdaq due to its stock price falling below $1.00 for 30 consecutive business days [2]. - The Compliance Notice confirmed that from May 2, 2025, to May 15, 2025, the closing bid price of Caliber's common stock was $1.00 or greater, leading to regained compliance [2].

Financial Performance - Platform revenue for FY 2024 was $21.0 million, primarily driven by asset management revenue[54]. - The platform net loss attributable for FY 2024 was $19.6 million, or $0.89 per diluted share, largely due to one-time non-cash allowances and write-downs[54]. - Total revenues for Q4 2024 were $8,687,000, a decrease of 63.7% compared to $23,945,000 in Q4 2023[68]. - Asset management revenues for Q4 2024 were $3,953,000, down from $4,325,000 in Q4 2023, representing a decline of 8.6%[68]. - Total revenues for the year ended December 31, 2024, were $51,119,000, a decrease from $90,937,000 in 2023, representing a decline of approximately 43%[89]. - Net loss attributable to CaliberCos Inc. for the year ended December 31, 2024, was $21,470,000 compared to a net loss of $27,594,000 in 2023, showing an improvement of about 22%[89]. - Basic platform income per share for the year ended December 31, 2024, was $(0.89), compared to $(0.63) in 2023, indicating a worsening performance[91]. - Net income (loss) attributable to CaliberCos Inc. for the three months ended December 31, 2024, was $(11,388,000), compared to $(2,361,000) in 2023, reflecting a significant increase in losses[95]. - Total revenue for the three months ended December 31, 2024, was $4,588 thousand, down 36.4% from $7,187 thousand in the same period of 2023[99]. - The company reported a loss on CRAF Investment of $1,339 thousand for the three months ended December 31, 2024[97]. Assets and Liabilities - Fair value assets under management reached $794.9 million, with managed capital at $492.5 million[54]. - Total assets as of December 31, 2024, were $105,535,000, a significant decrease from $299,432,000 as of December 31, 2023[71]. - Total liabilities as of December 31, 2024, were $94,282,000, down from $119,514,000 in 2023[73]. - Managed Capital increased from $437,625 thousand as of December 31, 2023, to $492,542 thousand as of December 31, 2024, representing an increase of 12.5%[101]. - The fair value of total assets under management (AUM) as of December 31, 2024, was $794,923 thousand, up 7.2% from $741,190 thousand as of December 31, 2023[106]. Expenses - Total expenses for Q4 2024 were $14,041,000, a decrease of 54.3% from $30,665,000 in Q4 2023[68]. - Total expenses for the year ended December 31, 2024, were $64,432,000, down from $119,514,000 in 2023, a reduction of approximately 46%[89]. - Operating costs for the three months ended December 31, 2024, were $8,550,000, compared to $5,106,000 in 2023, an increase of approximately 67%[93]. - Interest expense for the year ended December 31, 2024, was $(5,424,000), up from $(4,717,000) in 2023, indicating an increase of about 15%[89]. - Interest expense for the year ended December 31, 2024, was $5,424 thousand, compared to $4,717 thousand in 2023, reflecting an increase of 15%[101]. Revenue Streams - Caliber announced the launch of the Caliber 1031 Exchange, providing accredited investors access to curated real estate investments[54]. - The company demonstrated an unlevered annualized gross internal rate of return (IRR) of 19% on investments sold[13]. - The company reported a performance allocation revenue of $1,165,000 in Q4 2024, compared to $328,000 in Q4 2023[68]. - Fund management fees for the three months ended December 31, 2024, were $2,844 thousand, an increase of 15.5% from $2,461 thousand in the same period of 2023[99]. - Total asset management revenue decreased to $4,587 thousand for the three months ended December 31, 2024, down 23.5% from $6,005 thousand in 2023[99]. Capital Raising and Ownership - On November 26, 2024, Caliber raised $2.0 million from the sale of preferred stock and warrants to one investor[54]. - Caliber has raised over $743 million since inception, indicating a sizable and loyal customer base with an estimated net worth of $13 billion[13]. - The management team has significant insider ownership, with insiders owning approximately 50% of the company[45].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-41703 CALIBERCOS INC. (Exact name of registrant as specified in its charter) | Delaware | 47-2426901 | | --- | --- ...

Focus on sustainable profitability reaffirmedSCOTTSDALE, Ariz., May 15, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD; “CaliberCos Inc.”), a real estate investor, developer, and asset manager, today reported results for the first quarter ended on March 31, 2025. First Quarter 2025 Platform Financial Highlights (compared to First Quarter 2024) Platform revenue of $3.5 million, compared to $4.7 million Asset management revenue of $3.5 million drove the stated resultsNo significant performance allocations wer ...

SCOTTSDALE, Ariz., May 13, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced the launch of Caliber Hospitality Development, LLC (“CHD”), a joint venture between Caliber and GIA Hospitality, LLC (“GIA”). CHD will serve as the exclusive development platform for Caliber’s opportunistic hospitality investments, with a focus on acquiring distressed hotel assets and developing extended stay hotels in high-demand markets. The joint venture was seeded wi ...

SCOTTSDALE, Ariz., May 08, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that its joint venture development, PURE Pickleball & Padel™ has gained Design Review approval from the Salt River Pima-Maricopa Indian Community (SRPMIC) Planning Department. This approval positions the project to seek a building permit once final construction documents are complete, with a planned ground-breaking shortly after receiving the permit. PURE Pickleball & Pa ...

Core Viewpoint - Caliber (NASDAQ: CWD) will release its first quarter 2025 financial results on May 15, 2025, and will host a conference call to discuss these results [1][2]. Group 1: Financial Results Announcement - Caliber will announce its Q1 2025 financial results after market close on May 15, 2025 [1]. - A webcast/conference call is scheduled for the same day at 5:00 pm ET for interested parties to discuss the results [1]. Group 2: Accessing the Earnings Call - Investors can join the live earnings call by dialing (800) 715-9871 for domestic calls or (646) 307-1963 for international calls, using conference ID 8746759 [2]. - The call can also be accessed online via Caliber's investor relations page [2]. Group 3: Company Overview - Caliber manages over $2.9 billion in assets and has a 16-year track record in real estate management and development [4]. - The company specializes in hospitality, multi-family residential, and multi-tenant industrial sectors, aiming to generate profits in all market conditions [4]. - Caliber's competitive advantage lies in investing in overlooked projects and geographies, supported by an in-house shared services group for better control and visibility [4].

The agreement spans five states and marks one of the largest multi-property commitments to Hyatt Studios since the brand was announced in 2023SCOTTSDALE, Ariz., May 06, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that it has entered into a Development Rights Agreement with an affiliate of Hyatt Hotels Corporation (NYSE: H) to develop 15 new Hyatt Studios hotels in the United States. Under the terms of the agreement, Caliber Hospitality Deve ...

SCOTTSDALE, Ariz., April 30, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that it will effect a 1-for-20 reverse stock split (“Reverse Stock Split”) of its Class A common stock, par value $0.001 per share (“Class A Common Stock”) and Class B common stock, par value $0.001 per share (“Class B Common Stock”, together with the Class A Common Stock, the “Common Stock”), that will become effective on May 2, 2025, at 12:01 a.m. Eastern Time. The C ...

Financial Performance - Platform revenue for Q4 2024 was $4.6 million, a decrease from $7.2 million in Q4 2023[4] - Full year 2024 platform net loss was $19.6 million, or $0.89 per diluted share, compared to a net loss of $11.8 million, or $0.59 per diluted share in 2023[4] - Total consolidated revenue for Q4 2024 was $8.7 million, down from $23.9 million in Q4 2023[12] - Consolidated net loss attributable to Caliber for Q4 2024 was $11.4 million, or $0.51 per diluted share, compared to a net loss of $2.4 million, or $0.11 per diluted share in Q4 2023[12] - Consolidated Adjusted EBITDA for Q4 2024 was $1.5 million, down from $6.5 million in Q4 2023[12] - For the year ended December 31, 2024, the net loss attributable to CaliberCos Inc. was $19,777, compared to a net loss of $12,703 for the year ended December 31, 2023[21] - Total revenues for the year ended December 31, 2024, were $51,119,000, a decrease of 43.6% compared to $90,937,000 for the year ended December 31, 2023[41] - Net loss attributable to CaliberCos Inc. for the year ended December 31, 2024, was $19,777,000, compared to a net loss of $12,703,000 for the year ended December 31, 2023, reflecting a 55.5% increase in losses[41] Asset Management - Fair value assets under management (FV AUM) increased by 7.2% to $794.9 million compared to December 31, 2023[7] - Managed capital rose by 12.5% to $492.5 million, with originations of $69.0 million[7] - The fair value of assets under management (FV AUM) as of December 31, 2024, was $794,923, an increase from $741,190 as of December 31, 2023, indicating a growth of approximately 7.2%[32] - The total real estate FV AUM as of December 31, 2024, was $716,600, an increase from $647,200 as of December 31, 2023, representing a growth of approximately 10.7%[32] - Asset management revenues for the three months ended December 31, 2024, were $3,953,000, down from $4,325,000 for the same period in 2023, a decline of 8.6%[41] Cost Management - The company plans to implement $6 million in annualized cost reductions starting in 2025[5] - The total expenses for the three months ended December 31, 2024, were $14,041, compared to $30,665 for the same period in 2023, showing a decrease of approximately 54.3%[24] - Operating costs for the year ended December 31, 2024, totaled $23,939,000, an increase of 12.3% from $21,311,000 in 2023[41] Shareholder Metrics - The weighted average common shares outstanding for the three months ended December 31, 2024, were 22,456, compared to 21,270 for the same period in 2023, reflecting an increase of about 5.6%[25] - The weighted average common shares outstanding increased from 21,270,000 in 2023 to 22,456,000 in 2024, reflecting a 5.6% increase[41] Earnings and Losses - Fee-Related Earnings for Q4 2024 was $(11,388) thousand, compared to $(2,361) thousand in Q4 2023, indicating a decline[53] - Distributable Earnings for Q4 2024 was $(2,570) thousand, a decrease from $(579) thousand in Q4 2023[53] - Platform Adjusted EBITDA for Q4 2024 was $(1,002) thousand, compared to $1,553 thousand in Q4 2023, showing a significant drop[53] - The net income attributable to CaliberCos Inc. for the year ended December 31, 2024, was $(19,777) thousand, compared to $(12,703) thousand in 2023[53] Investment and Impairment - The company had invested $16.1 million in its funds as of December 31, 2024, down from $18.3 million as of December 31, 2023[36] - The company recorded an investment impairment of $4,304 thousand for the year ended December 31, 2024[53] Interest and Liabilities - The interest expense for the three months ended December 31, 2024, was $(1,466), compared to $(1,309) for the same period in 2023, indicating an increase of about 12%[25] - Interest expense for the year ended December 31, 2024, was $4,865 thousand, an increase from $4,367 thousand in 2023[53] - Total liabilities decreased from $233,414,000 as of December 31, 2023, to $94,282,000 as of December 31, 2024, a reduction of 59.7%[43] Cash and Liquidity - Cash and restricted cash increased from $3,509,000 as of December 31, 2023, to $4,348,000 as of December 31, 2024, indicating improved liquidity[42] New Initiatives - Caliber has launched the Caliber 1031 Exchange program to provide investors access to curated real estate investment opportunities[12] - The company aims to achieve positive net operating income for the full year 2025 with a refined focus on hospitality, multi-family, and multi-tenant industrial asset classes[5]