CaliberCos Inc.
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is HIGH. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
CWD · Price history
Price at last available close
$0.42
−$0.23 (-35.48%) 1M
2026-10-28
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Company & revenue
About CaliberCos Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
CaliberCos Inc., established in 2009 and headquartered in Scottsdale, Arizona, functions as a real estate investment and asset management firm with a specific focus on middle-market assets. The company caters to a sophisticated client base, including high-net-worth, accredited, and qualified investors, family offices, and smaller institutions, by offering a comprehensive range of alternative investment solutions. Through its dedicated in-house asset services group, CaliberCos develops, oversees, and maintains proprietary investment vehicles such as middle-market funds, private syndications, and direct investments.
How they make money
CaliberCos Inc. operates as an alternative asset management firm that generates revenue primarily through management fees, performance allocations, and acquisition or disposition fees earned from managing real estate-focused investment funds and private syndications. The company raises capital from investors to acquire, develop, and manage real estate assets, earning fees based on the assets under management and the performance of these investment vehicles.
Products & services
The company provides alternative investment products including private real estate funds, syndications, and wealth management services focused on middle-market real estate assets.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company does not disclose specific major customers or significant concentration in its 2025 annual report.
Suppliers, materials & equipment
- Third-party property management and construction service providers — The company utilizes various third-party contractors for property management, maintenance, and construction services related to its real estate portfolio.Source
Competitors
- Alternative asset managers — The company competes with various private equity firms, real estate investment trusts (REITs), and other alternative asset managers that target similar real estate investment opportunities.Source
Company-specific research
Questions worth answering for CWD
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving CWD's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can CWD fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is CWD's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for CWD to reach sustainable profitability?
- •What future growth or profitability would be needed to justify CWD's current valuation?
Essential Investment Snapshot
Market Cap
$4.4M
P/E Ratio
-0.1
EPS
$-4.76
52-Week High
$4.97
52-Week Low
$0.43
Beta
-0.05
Shares Outstanding
8.5M
Total Debt
$130.8M
Dividend
No current dividend
Liquidation Value / Share
$4.10
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Elevated movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CWD
Detected from reported data — verify before acting.High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on CWD.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Vertically integrated business model.
- +Focus on middle-market real estate assets.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$0.42
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: -60.7%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.2M | $20.1M | $51.1M | $90.9M | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $26.6M | $23.4M | $26.5M | $80.7M | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | -$10.4M | -$3.3M | $24.6M | $10.3M | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $6.5M | $6.6M | $7.5M | $7.8M | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $5.3M | $10.0M | $37.9M | $38.8M | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$20.7M | -$14.0M | -$7.1M | -$12.0M | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$15.7M | -$13.4M | -$13.3M | -$28.6M | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $6.1M | $6.7M | $5.4M | $4.7M | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$24.2M | -$23.0M | -$21.5M | -$27.6M | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$19.1M | -$21.8M | -$19.8M | -$12.7M | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-8.74 | $-7.70 | $-0.90 | $-0.63 | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 8.82M | 2.83M | 21.99M | 20.09M | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 8.82M | 2.83M | 21.99M | 20.09M | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$4.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.38
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+103.0%
Cash Change
+111.4%
Margin Change
+22.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included cash levels, net income margin. Pressure indicators included revenue growth, EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 19.0%. EPS declined 9.5%. Cash increased 111.4%. Total debt increased 103.0%. Net income margin improved by 22.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
Critical Contrast: Bullish (NYSE:BLSH) and CaliberCos (NASDAQ:CWD)
Caliber Completes $3.4 Million Refinance of Corporate Notes and Secures the Right to Retire an Additional $9.1 Million at a Discount
Analyzing CaliberCos (NASDAQ:CWD) and Apollo Global Management (NYSE:APO)
Caliber Launches - Caliber Tokenization Services, New Entity Bringing Real-World Asset Tokenization to Family-Owned Real Estate Portfolios
Rumor Mill · CWD
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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