Ashford Hospitality Trust financials
$2.47−1.59%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $1.17B | $1.37B | $1.24B | $805.4M | $508.2M | $1.50B | $1.43B | $1.44B | $1.49B |
| Gross profit | $336.1M | $357.1M | $442.1M | $404.9M | $228.6M | $73.6M | $550.1M | $530.2M | $532.0M | $553.6M |
| Gross margin | 30.4% | 30.5% | 32.3% | 32.6% | 28.4% | 14.5% | 36.6% | 37.1% | 37.0% | 37.1% |
| Operating income | -$2.4M | -$2.4M | $119.0M | $76.0M | -$126.6M | -$428.7M | $88.6M | $89.9M | $135.0M | $155.7M |
| Net income | -$215.0M | -$82.5M | -$193.7M | -$153.2M | -$267.5M | -$519.9M | -$157.5M | -$170.4M | -$123.9M | -$89.6M |
| Net margin | −19.5% | −7.0% | −14.2% | −12.3% | −33.2% | −102.3% | −10.5% | −11.9% | −8.6% | −6.0% |
| Diluted EPS | $-35.99 | $-17.54 | $-56.11 | $-44.61 | $-124.30 | $-3299.70 | $-1577.40 | $-1752.00 | $-1300.00 | $-950.00 |
| EBITDA | $206.5M | $209.7M | $306.8M | $277.9M | $92.4M | -$84.4M | $391.1M | $401.6M | $405.9M | $452.0M |
| Operating cash flow | -$15.7M | -$23.6M | $14.4M | $39.2M | -$144.2M | -$149.5M | $168.0M | $177.4M | $184.8M | $232.2M |
| Free cash flow | -$86.8M | -$131.6M | -$123.0M | -$64.5M | -$180.9M | -$195.7M | $8.8M | -$30.0M | -$37.2M | $28.1M |
| Diluted shares | 6.0M | 4.7M | 3.5M | 3.4M | 2.2M | 0.2M | 0.1M | 0.1M | 0.1M | 0.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $66.1M | $112.9M | $165.2M | $417.1M | $592.1M | $92.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $2.82B | $2.97B | $3.43B | $3.87B | $3.90B | $3.83B |
| Total assets | $2.83B | $3.16B | $3.46B | $3.92B | $4.10B | $3.73B |
| Total liabilities | $3.21B | $3.37B | $3.69B | $4.04B | $4.08B | $3.99B |
| Shareholders' equity | -$610.8M | -$405.8M | -$331.0M | -$150.4M | -$2.7M | -$283.5M |
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