v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 11,302 $ 17,025 $ 42,432 $ 66,992
Expenses        
Total expenses 10,428 28,430 50,391 88,849
Other income, net 425 414 1,015 1,479
Interest income 51 85 325 279
Interest expense (1,349) (1,316) (3,958) (3,408)
Net income (loss) before income taxes 1 (12,222) (10,577) (23,507)
Benefit from income taxes 0 0 0 0
Net income (loss) 1 (12,222) (10,577) (23,507)
Net loss attributable to noncontrolling interests (145) (8,813) (2,188) (13,165)
Net income (loss) attributable to CaliberCos Inc. $ 146 $ (3,409) $ (8,389) $ (10,342)
Basic net loss per share attributable to common stockholders (in dollars per share) $ 0.01 $ (0.16) $ (0.38) $ (0.53)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ 0.01 $ (0.16) $ (0.38) $ (0.53)
Weighted average common shares outstanding:        
Basic (in shares) 22,128 21,238 21,828 19,688
Diluted (in shares) 24,867 21,238 21,828 19,688
Excluding consolidated VIE        
Expenses        
Operating costs $ 4,592 $ 4,881 $ 15,389 $ 16,205
General and administrative 1,441 1,672 5,460 4,914
Marketing and advertising 174 210 507 888
Depreciation and amortization 149 140 439 409
VIE, primary beneficiary        
Expenses        
Consolidated funds – other expenses 975 2,883 5,405 6,757
Gain on extinguishment of debt     0 (2)
Interest income 1,700 900 4,300 2,700
Asset management revenues | Excluding consolidated VIE        
Revenues        
Revenue 6,530 2,316 12,926 6,246
Performance allocations | Excluding consolidated VIE        
Revenues        
Revenue 175 36 357 2,474
Hospitality revenue | VIE, primary beneficiary        
Revenues        
Other revenue 2,494 12,526 23,533 52,008
Expenses        
Consolidated funds – hospitality expenses 3,097 18,644 23,191 59,676
Other revenues | VIE, primary beneficiary        
Revenues        
Other revenue $ 2,103 $ 2,147 $ 5,616 $ 6,264

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