CWDHIGH SIGNALFINANCIAL10-K

CWD experienced severe operational deterioration with operating cash flow plummeting from $555K to negative $12.1M while revenue collapsed 61% from $51.1M to $20.1M.

The dramatic swing from positive to deeply negative operating cash flow combined with a massive revenue decline suggests the company is facing serious operational challenges that threaten its ability to generate cash from core business activities. The simultaneous increase in interest expense by 347% indicates growing debt burden at a time when the business is struggling to generate revenue.

Comparing 2026-03-26 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

CWD's financial position deteriorated significantly with operating cash flow turning deeply negative (-2,274%) and revenue collapsing by 61%, while interest expense surged 347% indicating mounting debt servicing costs. Despite these operational challenges, the company improved its equity position from negative $12.6M to positive $1.3M and grew total assets by 28%, suggesting possible capital restructuring or asset injections. The overall picture reveals a company in financial distress from operations but potentially undergoing recapitalization efforts to stabilize its balance sheet.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
-2273.9%
$555K→-$12.1M

Operating cash flow fell 2273.9% — earnings quality concerns; investigate working capital changes and non-cash items.

Interest Expense
P&L
+347.1%
$1.1M→$4.7M

Interest expense surged 347.1% — significant debt increase or rising rates materially impacting earnings.

Stockholders Equity
Balance Sheet
+110.6%
-$12.6M→$1.3M

Equity base grew 110.6% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Revenue
P&L
-60.7%
$51.1M→$20.1M

Revenue declined 60.7% — significant demand weakness or market share loss warrants investigation.

Total Assets
Balance Sheet
+28.3%
$105.5M→$135.4M

Asset base grew 28.3% — expansion through organic growth, acquisitions, or capital deployment.

Cash & Equivalents
Balance Sheet
+23.7%
$2.3M→$2.9M

Cash grew 23.7% — improving liquidity position supports investment and shareholder returns.

Total Liabilities
Balance Sheet
+15.8%
$94.3M→$109.2M

Liabilities increased 15.8% — monitor debt-to-equity ratio and interest coverage.

Net Income
P&L
-10.2%
-$19.8M→-$21.8M

Net income declined 10.2% — review whether driven by operations, interest costs, or non-recurring items.

LANGUAGE CHANGES
NEW — 2026-03-26
PRIOR — 2025-03-31
ADDED
There were 7,053,062 shares of common stock, comprised of 6,682,240 shares of Class A Common Stock and 370,822 shares of Class B Common Stock of CaliberCos Inc.
Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 7A.
Business General Over the past 16 years, we have grown into a leading diversified alternative asset management firm, with more than $2.6 billion in Managed Assets, comprised of $0.8 billion of assets under management ( AUM ) and $1.9 billion of assets under development ( AUD ).
We are an alternative asset manager investing across real and digital assets.
We sponsor and manage private real estate investment funds and maintain a digital asset treasury strategy focused on blockchain infrastructure assets.
+7 more — sign up free →
REMOVED
There were 23,312,373 shares of common stock, comprised of 15,895,959 shares of Class A Common Stock and 7,416,414 shares of Class B Common Stock of CaliberCos Inc.
Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Item 7A.
Form 10-K Summary 76 Signatures 77 Index to Consolidated Financial Statements F- 1 1 Table of Con tents Forward-Looking Statements In this report, the term Company refers to CaliberCos Inc.
Business General Over the past 16 years, Caliber has emerged as a leading real estate asset management firm, with more than $2.9 billion in Managed Assets.
Caliber s business is focused on a singular objective, to make money in all market conditions by managing and developing attractive multi-family residential, hospitality, and multi-tenant industrial assets.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →