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
DateValue
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