---
schema_version: "secwatch.filing_event.v1"
accession: "0001627282-24-000053"
form_type: "8-K"
ticker: "CWD"
cik: "0001627282"
company_name: "CaliberCos Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:06:37.589254+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Caliber reports Q1 net loss $3.8M; revenue down 22.3% YoY; announces $6M cost savings plan

## Summary
- Total revenue $23.0M, down 22.3% YoY; net loss $3.8M ($0.18/sh) vs loss $1.2M ($0.07).
- Adjusted EBITDA loss $1.7M vs positive $1.0M; FV AUM $766.7M (+3.4%).
- Identified $6M+ annual cost savings; target operating cost ~$15M; $2.5M non-payroll, $4M payroll by 2025.
- Subsequent events: land sales total $20M (two parcels); CHT $10M preferred equity commitment; SP10 capitalization.
- Fundraising team signed 26 selling agreements with reps managing $3.4B AUM.

## SEC filing metadata
- accession: 0001627282-24-000053
- form_type: 8-K
- ticker: CWD
- cik: 0001627282
- company_name: CaliberCos Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627282/000162728224000053/0001627282-24-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627282/000162728224000053/cwd-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001627282-24-000053
- JSON: https://secwatch.observer/filing/0001627282-24-000053.json
- Plain text: https://secwatch.observer/filing/0001627282-24-000053.txt

## Key facts
- Earnings Releases
  CaliberCos Inc. reported first quarter ended on March 31, 2024 results: revenue $23.0 million, net income Net loss attributable to Caliber of $3.8 million, EPS $0.18 per diluted share.
  - Period: first quarter ended on March 31, 2024
  - Revenue: $23.0 million
  - Net income: Net loss attributable to Caliber of $3.8 million
  - EPS: $0.18 per diluted share
  - Result: reported results
  source text: First Quarter 2024 Financial Highlights (compared to first quarter 2023) • Total revenue of $23.0 million, a 22.3% decrease • Platform revenue of $4.7 million, a 25.6% decrease – Asset management revenue of $4.6 million, a 16.1% increase – Performance allocations of $0.2 million, related to the sale of land in Johnstown, Colorado • Net loss attributable to Caliber of $3.8 million, or $0.18 per diluted share, compared to net loss attributable to Caliber of $1.2 million or $0.07 per diluted share • Caliber Adjusted EBITDA loss of $1.7 million, compared to Caliber Adjusted EBITDA of $1.0 million • Fair value assets under management (“FV AUM”) of $766.7 million, a 3.4% increase, primarily due to the L.T.D.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1627282/000162728224000053/0001627282-24-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.