v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues [Abstract]        
Other revenue $ 2,147 $ 1,543 $ 6,264 $ 4,871
Total revenues 17,025 19,506 66,992 62,489
Expenses        
Total expenses 28,430 21,387 88,849 66,058
Other income (loss), net 414 25 1,479 241
Gain on extinguishment of debt 0 1,421 0 1,421
Interest income 85 109 279 112
Interest expense (1,316) (341) (3,408) (685)
Net (loss) income before income taxes (12,222) (667) (23,507) 19,050
Provision for income taxes 0 0 0 0
Net (loss) income (12,222) (667) (23,507) 19,050
Net (loss) income attributable to noncontrolling interests (8,813) (5,067) (13,165) 14,561
Net (loss) income attributable to CaliberCos Inc. $ (3,409) $ 4,400 $ (10,342) $ 4,489
Basic net (loss) income per share attributable to common stockholders (in dollars per share) $ (0.16) $ 0.24 $ (0.53) $ 0.25
Diluted net (loss) income per share attributable to common stockholders (in dollars per share) $ (0.16) $ 0.22 $ (0.53) $ 0.23
Weighted average common shares outstanding:        
Basic (in shares) 21,238 18,229 19,688 18,033
Diluted (in shares) 21,238 20,074 19,688 19,878
Excluding consolidated VIE        
Expenses        
Operating costs $ 4,881 $ 3,203 $ 16,205 $ 8,421
General and administrative 1,672 1,252 4,914 5,389
Marketing and advertising 210 288 888 1,293
Depreciation and amortization 140 7 409 23
Gain on extinguishment of debt     0 1,421
VIE, primary beneficiary        
Revenues [Abstract]        
Other revenue 2,147 1,543 6,264 4,871
Expenses        
Other expenses 2,883 1,677 6,757 6,146
Gains on sale of real estate investments 0 0 0 21,530
Gain on extinguishment of debt     (2) 3,131
Interest income 900 800 2,700 2,100
Asset management fees | Excluding consolidated VIE        
Revenues [Abstract]        
Revenue 1,273 982 3,784 3,048
Performance allocations | Excluding consolidated VIE        
Revenues [Abstract]        
Revenue 36 103 2,474 2,508
Transaction and advisory fees | Excluding consolidated VIE        
Revenues [Abstract]        
Revenue 1,043 5,890 2,462 8,261
Hospitality revenue | VIE, primary beneficiary        
Revenues [Abstract]        
Revenue 12,526 10,988 52,008 43,801
Expenses        
Hospitality expenses $ 18,644 $ 14,960 $ 59,676 $ 44,786

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