Caliber Reports Third Quarter 2025 Financial Results

Core Insights - Caliber reported a transformational quarter, strengthening its balance sheet and launching a Digital Asset Treasury (DAT) anchored in Chainlink (LINK) tokens, positioning the company towards adjusted EBITDA profitability [1][3][14] Financial Performance - Platform revenue for Q3 2025 was $3.5 million, a decrease from $7.4 million in Q3 2024 [5][8] - Asset management revenue declined by $1.2 million to $3.5 million, attributed to nonrecurring fee income [5] - Development and construction fees decreased by $2.7 million due to seasonal project timing [5] - The platform net loss was $4.4 million, or $1.70 per diluted share, compared to a net income of $0.2 million, or $0.11 per diluted share in the prior year [5][34] - Platform Adjusted EBITDA loss was $0.7 million, down from an Adjusted EBITDA of $2.4 million in Q3 2024 [5][34] Digital Asset Treasury Strategy - Caliber raised over $30 million in equity, enhancing its liquidity and balance sheet [3][5] - The company launched its Digital Asset Treasury anchored in LINK tokens, marking its entry into digital asset management alongside its core Private Equity Real Estate platform [3][5] - As of the end of Q3 2025, Caliber held 467,632 LINK tokens, which increased to 562,535 tokens valued at $8.5 million as of the release date [5][12] Business Developments - A joint venture, PURE Pickleball & Padel™, signed a 10-year exclusive agreement with Wolfgang Puck Catering, expected to drive significant corporate business [6] - The formation of a Caliber Crypto Advisory Board (CCAB) was announced to oversee the DAT strategy [12] - Caliber selected Coinbase Prime as its institutional platform for trading and custody in support of its DAT strategy [12] Consolidated Financial Results - Total consolidated revenue for Q3 2025 was $3.6 million, down from $11.3 million in Q3 2024, reflecting the deconsolidation of several entities [12][34] - Consolidated net loss attributable to Caliber was $4.4 million, or $1.65 per diluted share, compared to a net income of $0.1 million, or $0.12 per diluted share in the prior year [12][34] - Consolidated Adjusted EBITDA loss was $0.5 million, compared to an Adjusted EBITDA of $4.2 million in Q3 2024 [12][34]