Braemar Hotels & Resorts financials
$1.660.00%
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 | $171.0M | $209.0M | $165.6M | $143.6M | $179.1M | $215.8M | $173.3M | $148.4M | $187.6M | $219.1M | $177.5M | $159.8M |
| Gross profit | $53.8M | $79.1M | $45.7M | $31.9M | $54.0M | $80.1M | $49.7M | $34.7M | $59.2M | $83.0M | $54.2M | $43.4M |
| Gross margin | 31.5% | 37.9% | 27.6% | 22.2% | 30.2% | 37.1% | 28.7% | 23.4% | 31.6% | 37.9% | 30.5% | 27.1% |
| Operating income | $13.2M | $39.6M | -$96.4M | $29.8M | $16.6M | $36.7M | -$84.4M | $70.3M | $12.2M | $42.5M | $5.8M | $651.0K |
| Net income | -$711.0K | $4.9M | -$46.0M | -$8.2M | -$16.0M | -$2.5M | -$31.1M | -$1.4M | -$21.9M | $3.5M | -$31.1M | -$33.1M |
| Net margin | −0.4% | 2.3% | −27.8% | −5.7% | −8.9% | −1.2% | −18.0% | −1.0% | −11.7% | 1.6% | −17.5% | −20.7% |
| Diluted EPS | $-0.01 | $0.07 | $-0.67 | $-0.12 | $-0.24 | $-0.04 | — | $-0.02 | $-0.33 | $0.05 | $-0.52 | $-0.50 |
| EBITDA | $34.8M | $62.2M | -$19.3M | $52.8M | $40.2M | $60.1M | -$60.8M | $95.2M | $37.1M | $67.9M | $5.8M | $23.5M |
| Operating cash flow | $20.9M | $21.9M | $8.3M | -$5.8M | $23.0M | $15.1M | $6.7M | $9.0K | $24.1M | $36.0M | $11.7M | $11.0M |
| Free cash flow | $15.2M | $9.9M | -$15.0M | -$27.3M | -$167.0K | -$159.0K | -$9.1M | -$15.6M | $8.2M | $12.7M | -$9.8M | -$8.4M |
| Diluted shares | 68.7M | 100.3M | 68.2M | 68.2M | 67.3M | 66.7M | — | 66.5M | 66.5M | 268.5M | 59.8M | 65.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $93.9M | $93.4M | $124.4M | $116.3M | $80.2M | $81.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $42.4M |
| Total debt | $745.9M | $1.11B | $1.10B | $1.16B | $1.21B | $1.20B |
| Total assets | $1.66B | $1.85B | $1.86B | $2.01B | $2.06B | $2.10B |
| Total liabilities | $1.18B | $1.35B | $1.34B | $1.37B | $1.40B | $1.40B |
| Shareholders' equity | $149.1M | $388.1M | $140.8M | $208.0M | $221.8M | $669.3M |
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