CaliberCos Narrows Losses in Q2 2025
CaliberCos(NASDAQ:CWD) reported second quarter 2025 results on August 5, 2025, delivering a platform adjusted EBITDA loss of $54,000, compared to a $2.5 million loss in the second quarter of 2024 (non-GAAP) on essentially flat revenues. Managed capital increased to $498 million, while significant cost reductions, and a sharpened focus on hospitality, multifamily, and multitenant verticals emerged as key strategic pivots. This summary highlights material developments in deconsolidation efforts, capital structure management, and tangible progress on high-impact real estate projects.
Platform expenses fell 35% year-over-year to $5.3 million, and average headcount dropped 36% compared to the second quarter of 2024, reflecting decisive implementation of cost reduction plans over the second quarter of 2025. This operational tightening narrowed the adjusted platform EBITDA loss by 98% compared to the second quarter of 2024, supporting management’s target for 25% EBITDA margins on a sustainable basis.
These cost reductions demonstrate management’s ability to execute on efficiency initiatives, which materially improve the company’s path to profitability and support its long-term margin objectives.
Source Fool.com
