secwatch.observer — SEC 8-K summary
======================================

Issuer:     CaliberCos Inc. (CWD)
CIK:        0001627282
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001627282-25-000096
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caliber Q2 2025 Platform net loss $4.9M; Adjusted EBITDA loss narrows to $0.1M
------------------------------------------------------------------------------

- Platform revenue $4.1M (flat vs $4.2M YoY); no performance allocations earned.
- Platform net loss $4.9M ($3.87 diluted EPS) vs $4.6M loss ($4.25 EPS) YoY.
- Platform Adjusted EBITDA loss improved to $0.1M from $2.5M loss YoY; targets H2 2025 profitability.
- Consolidated revenue $5.1M (down from $8.2M) due to fund deconsolidations; Adj. EBITDA positive $0.1M.
- Business milestones: Phoenix Canyon Village approval, PURE Pickleball design approval, $22.5M Tucson hotel refinance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627282/000162728225000096/0001627282-25-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627282/000162728225000096/cwd-20250813.htm
  HTML page:      https://secwatch.observer/filing/0001627282-25-000096

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer