Belpointe PREP (OZ) Operating Expenses (2021 - 2026)
Belpointe PREP's (OZ) quarterly Operating Expenses came in at $3.0 million in Q2 2026, down 69.64% year-over-year from $9.9 million in Q2 2025, and down 80.21% quarter-over-quarter from $15.2 million in Q1 2026.
Analysis
Belpointe PREP (OZ) Operating Expenses (2021 - 2026) Analysis & Trends
Belpointe PREP has disclosed Operating Expenses across 6 years of filings, most recently posting $3.0 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 69.64% year-over-year to $3.0 million; the TTM figure through Jun 2026 stood at $45.0 million (up 18.77% YoY), while the FY2025 annual figure was $47.3 million, up 75.45% from the prior year.
- Operating Expenses came in at $3.0 million for Q2 2026 at Belpointe PREP, down from $15.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $15.2 million in Q1 2026 to a low of $2.1 million in Q3 2022.
- Average Operating Expenses over 5 years is $6.7 million, with a median of $4.8 million recorded in 2023.
- Year-over-year, Operating Expenses surged 937.36% in 2022 and sank 69.64% in 2026.
- Over 5 years, Operating Expenses stood at $3.3 million in 2022, then surged by 36.87% to $4.5 million in 2023, then jumped by 113.0% to $9.6 million in 2024, then surged by 56.29% to $15.0 million in 2025, then sank by 79.97% to $3.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $3.0 million in Q2 2026, $15.2 million in Q1 2026, and $15.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.40 Bn | 25.15 Bn | - | 54.24 Mn |
| 2 | Eason Technology | 6.02 Bn | 6.02 Bn | - | - |
| 3 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.85 Bn | 2.85 Bn | - | -9.30 Mn |
| 4 | Opendoor Technologies | 2.71 Bn | 1.82 Bn | 86.00 Mn | 230.00 Mn |
| 5 | LandBridge | 2.42 Bn | 2.38 Bn | 65.51 Mn | 15.90 Mn |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | 109.70 Mn |
| 7 | Frp Holdings | 419.54 Mn | 419.54 Mn | - | 9.62 Mn |
| 8 | American Realty Investors | 251.43 Mn | 251.43 Mn | - | 15.42 Mn |
| 9 | Belpointe PREP | 187.01 Mn | 187.01 Mn | - | 3.00 Mn |
| 10 | Star Holdings | 114.13 Mn | 79.32 Mn | 5.31 Mn | 21.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.00 Mn |
| Mar 31, 2026 | 15.16 Mn |
| Dec 31, 2025 | 14.98 Mn |
| Sep 30, 2025 | 11.83 Mn |
| Jun 30, 2025 | 9.88 Mn |
| Mar 31, 2025 | 10.60 Mn |
| Dec 31, 2024 | 9.58 Mn |
| Sep 30, 2024 | 7.80 Mn |
| Jun 30, 2024 | 5.13 Mn |
| Mar 31, 2024 | 4.43 Mn |
| Dec 31, 2023 | 4.50 Mn |
| Sep 30, 2023 | 3.78 Mn |
| Jun 30, 2023 | 5.06 Mn |
| Mar 31, 2023 | 3.30 Mn |
| Dec 31, 2022 | 3.29 Mn |
| Sep 30, 2022 | 2.12 Mn |
| Jun 30, 2022 | 2.66 Mn |
| Mar 31, 2022 | 2.83 Mn |
| Dec 31, 2021 | 3.60 Mn |
| Sep 30, 2021 | 487,000.00 |