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
DateValue
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