Ashford Hospitality Trust financials
$2.47−1.59%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $273.2M | $267.7M | $259.0M | $266.1M | $302.0M | $277.4M | $275.5M | $276.6M | $316.5M | $303.9M | $319.9M | $343.0M |
| Gross profit | $96.8M | $86.6M | $71.3M | $72.8M | $103.2M | $88.9M | $73.3M | $81.8M | $109.0M | $93.0M | $92.9M | $110.4M |
| Gross margin | 35.4% | 32.3% | 27.5% | 27.4% | 34.2% | 32.0% | 26.6% | 29.6% | 34.5% | 30.6% | 29.0% | 32.2% |
| Operating income | $39.5M | -$94.6M | -$40.5M | -$14.2M | $32.7M | $19.6M | -$59.4M | $9.0M | $36.3M | $11.6M | $12.6M | $30.8M |
| Net income | $120.7M | -$71.1M | -$78.3M | -$69.0M | -$39.9M | -$27.8M | -$130.9M | -$63.2M | $44.1M | $67.1M | -$31.3M | -$68.6M |
| Net margin | 44.2% | −26.6% | −30.2% | −25.9% | −13.2% | −10.0% | −47.5% | −22.8% | 13.9% | 22.1% | −9.8% | −20.0% |
| Diluted EPS | $1.62 | $-11.03 | $-12.49 | $-11.35 | $-6.88 | $-4.91 | — | $-12.39 | $2.50 | $5.99 | $-4.76 | $-19.91 |
| EBITDA | $68.1M | $50.1M | $41.4M | $38.7M | $69.4M | $57.0M | $37.2M | $46.8M | $73.5M | $52.2M | $59.4M | $76.7M |
| Operating cash flow | -$7.4M | $29.5M | -$12.5M | $5.5M | $16.3M | -$25.0M | $14.1M | $795.0K | $8.0M | -$46.5M | -$21.7M | $760.0K |
| Free cash flow | -$28.1M | $12.6M | -$38.2M | -$226.0K | -$3.6M | -$44.8M | -$6.5M | -$21.8M | -$22.9M | -$80.4M | -$59.6M | -$30.7M |
| Diluted shares | 77.5M | 6.4M | 6.3M | 6.1M | 5.9M | 5.7M | — | 5.1M | 18.9M | 11.7M | 6.6M | 3.4M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $72.5M | $78.0M | $66.1M | $81.9M | $100.0M | $85.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $2.20B | $2.56B | $2.82B | $2.94B | $2.98B | $2.98B |
| Total assets | $2.33B | $2.61B | $2.83B | $3.01B | $3.06B | $3.08B |
| Total liabilities | $2.64B | $3.04B | $3.21B | $3.31B | $3.31B | $3.30B |
| Shareholders' equity | -$556.5M | -$680.3M | -$610.8M | -$532.9M | -$473.3M | -$434.4M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology