---
schema_version: "secwatch.filing_event.v1"
accession: "0001627282-25-000155"
form_type: "8-K"
ticker: "CWD"
cik: "0001627282"
company_name: "CaliberCos Inc."
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:24:57.350450+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Caliber Q3 platform revenue falls 53% to $3.5M; net loss $4.4M vs prior year profit

## Summary
- Platform revenue $3.5M vs $7.4M YoY, driven by nonrecurring fees and development seasonality.
- Platform net loss $4.4M ($1.70/diluted share) vs net income $0.2M; includes $2.5M one-time impairment.
- Platform adjusted EBITDA loss $0.7M, compared to positive $2.4M in Q3 2024.
- Raised over $30M in common/preferred equity; holds 562,535 LINK tokens valued at $8.5M as of Nov 13, 2025.
- Consolidated net loss attributable to Caliber $4.4M ($1.65/share) vs net income $0.1M a year ago.

## SEC filing metadata
- accession: 0001627282-25-000155
- form_type: 8-K
- ticker: CWD
- cik: 0001627282
- company_name: CaliberCos Inc.
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627282/000162728225000155/0001627282-25-000155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627282/000162728225000155/cwd-20251113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001627282-25-000155
- JSON: https://secwatch.observer/filing/0001627282-25-000155.json
- Plain text: https://secwatch.observer/filing/0001627282-25-000155.txt

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