CaliberCos (CWD) Operating Expenses (2022 - 2026)
CaliberCos (CWD) recorded quarterly Operating Expenses of $7.0 million in Q1 2026, up 30.35% quarter-over-quarter from $5.4 million in Q4 2025, and down 28.68% on a YoY basis from $9.9 million in Q1 2025.
CaliberCos (CWD) Operating Expenses (2022 - 2026) Analysis & Trends
CaliberCos' Operating Expenses history runs 5 years deep, the most recent figure standing at $7.0 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 28.68% year-over-year to $7.0 million; the TTM figure through Mar 2026 stood at $22.6 million (down 51.93% YoY), while the FY2025 annual figure was $27.7 million, down 57.05% from the prior year.
- Operating Expenses was $7.0 million for Q1 2026 at CaliberCos, up from $5.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $31.4 million in Q2 2023 to a low of $3.3 million in Q3 2025.
- Historically, Operating Expenses has averaged $18.2 million across 5 years, with a median of $20.5 million in 2022.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses jumped 53.46% in 2023, then tumbled 68.82% in 2025.
- A 5-year view of Operating Expenses shows it stood at $26.3 million in 2022, then advanced by 16.39% to $30.7 million in 2023, then tumbled by 54.21% to $14.0 million in 2024, then sank by 61.54% to $5.4 million in 2025, then soared by 30.35% to $7.0 million in 2026.
- The last three Operating Expenses figures came in at $7.0 million (Q1 2026), $5.4 million (Q4 2025), and $3.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 2.26 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 3.12 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 1.17 Bn |
| 10 | CaliberCos | 5.44 Mn | 42.90 Mn | 4.10 Mn | 7.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.04 Mn |
| Dec 31, 2025 | 5.40 Mn |
| Sep 30, 2025 | 3.25 Mn |
| Jun 30, 2025 | 6.90 Mn |
| Mar 31, 2025 | 9.87 Mn |
| Dec 31, 2024 | 14.04 Mn |
| Sep 30, 2024 | 10.43 Mn |
| Jun 30, 2024 | 12.66 Mn |
| Mar 31, 2024 | 27.31 Mn |
| Dec 31, 2023 | 30.67 Mn |
| Sep 30, 2023 | 28.43 Mn |
| Jun 30, 2023 | 31.41 Mn |
| Mar 31, 2023 | 29.01 Mn |
| Dec 31, 2022 | 26.35 Mn |
| Sep 30, 2022 | 21.39 Mn |
| Jun 30, 2022 | 20.47 Mn |
| Mar 31, 2022 | 24.21 Mn |