CaliberCos Inc. Class A Common Stock (CWD)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn consistent profits, carry modest debt, and sell below conservative value. CaliberCos is a real estate asset manager focused on middle-market commercial property in the Southwest and Southeast. In fiscal 2025, the year ended 2025-12-31, revenue was $15.2 million and net loss was $21.8 million, or diluted EPS of -$7.70. In fiscal 2024, revenue was $20.9 million and net loss was $19.8 million, or EPS of -$17.90. So revenue fell, and the dollar loss grew even though per-share loss narrowed. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $3.7 million and net loss of $3.4 million, or EPS of -$0.38. That is still a business consuming capital. At the 2026-10-13 close of $0.46, FairStock calculations show a P/B of 7.14, P/E of -0.74, ROE of -282.98%, ROCE of -5.29%, debt-to-equity of 3.53, TTM free cash flow of -$14.4 million, and FCF yield of -301.8%. Piotroski is 3/9 and Altman Z is -0.56. These are not the marks of a fortress balance sheet or a wide moat. Asset management can have sticky clients, but at $4.8 million market cap and 50 employees, I see no evidence of durable pricing power. The low share price may look tempting, but negative earnings and cash flow make intrinsic value hard to estimate. I would need proof: stabilizing revenue, shrinking losses, positive cash flow, and lower leverage. Until then, this is speculation, not value.

In plain English: CaliberCos is a real estate investment firm that focuses on middle-market commercial properties in the Southwest and Southeast. The business looks weak: it lost $21.8 million in fiscal 2025 and $3.4 million in the latest filed quarter, while revenue has been falling. At $0.46 on 2026-10-13, the $4.8 million market value may look low, but the numbers show it is not clearly cheap because losses, negative cash flow, and high debt make the value hard to pin down.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer