CaliberCos (CWD) Operating Expenses (2022 - 2026)
CaliberCos' (CWD) quarterly Operating Expenses came in at $7.0 million in Q1 2026, down 28.68% year-on-year from $9.9 million in Q1 2025, and down 57.86% quarter-over-quarter from $16.7 million in Q4 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.
- On a quarterly basis, Operating Expenses fell 28.68% year-over-year to $7.0 million in Q1 2026; TTM through Mar 2026 was $32.9 million, a 29.96% decrease from a year earlier, with the FY2025 full-year figure at $27.7 million, down 57.05% from the prior year.
- Operating Expenses fell to $7.0 million in Q1 2026 per CWD's latest filing, from $16.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $31.4 million in Q2 2023 and bottomed at $3.7 million in Q2 2025.
- The 5-year median for Operating Expenses is $20.5 million (2022), against an average of $18.8 million.
- Across the five-year window, Operating Expenses soared 53.46% in 2023 and sank 70.99% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $26.3 million in 2022, then advanced by 16.39% to $30.7 million in 2023, then sank by 54.21% to $14.0 million in 2024, then gained by 18.97% to $16.7 million in 2025, then slumped by 57.86% to $7.0 million in 2026.
- Per Business Quant, the three latest CWD Operating Expenses figures stand at $7.0 million (Q1 2026), $16.7 million (Q4 2025), and $5.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | CaliberCos | 4.83 Mn | 42.29 Mn | 4.10 Mn | 7.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.04 Mn |
| Dec 31, 2025 | 16.71 Mn |
| Sep 30, 2025 | 5.50 Mn |
| Jun 30, 2025 | 3.67 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 |