Belpointe PREP, LLC financials
$42.00−4.13%
Close Sep 28, 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 | $5.4M | $4.2M | $3.1M | $2.4M | $2.0M | $1.7M | $1.1M | $860.0K | $384.0K | $337.0K | $511.0K | $468.0K |
| Gross profit | $5.4M | $4.2M | $3.1M | $2.4M | $2.0M | $1.7M | $1.1M | $860.0K | $384.0K | $337.0K | $511.0K | $468.0K |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$3.9M | -$5.6M | -$6.5M | -$4.6M | -$5.0M | -$4.5M | -$4.2M | -$3.6M | -$3.0M | -$3.4M | -$4.0M | -$3.3M |
| Net income | -$9.2M | -$10.7M | -$11.7M | -$12.1M | -$7.6M | -$8.6M | -$8.2M | -$6.9M | -$4.7M | -$4.0M | -$4.2M | -$3.3M |
| Net margin | −172.2% | −251.8% | −380.8% | −509.3% | −381.0% | −495.6% | −751.9% | −805.6% | −1229.2% | −1181.3% | −817.4% | −701.7% |
| Diluted EPS | $-2.37 | $-2.75 | $-3.07 | $-3.21 | $-2.06 | $-2.35 | $-2.25 | $-1.90 | $-1.30 | $-1.10 | $-1.16 | $-0.92 |
| EBITDA | -$161.0K | -$1.9M | -$2.9M | -$2.3M | -$2.6M | -$2.1M | -$1.9M | -$1.7M | -$2.0M | -$2.4M | -$3.3M | -$2.0M |
| Operating cash flow | -$3.9M | -$6.1M | -$10.2M | -$6.0M | -$2.4M | -$6.6M | -$5.0M | -$3.3M | $1.2M | -$6.6M | -$1.7M | -$1.8M |
| Free cash flow | -$4.9M | -$16.3M | -$16.1M | -$17.7M | -$26.0M | -$27.2M | -$32.2M | -$34.6M | -$40.2M | -$44.5M | -$45.6M | -$46.2M |
| Diluted shares | 3.9M | 3.9M | 3.8M | 3.8M | 3.7M | 3.7M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $15.6M | $19.6M | $24.3M | $29.6M | $25.0M | $23.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $279.1M | $275.5M | $260.6M | $254.0M | $231.0M | $205.9M |
| Total assets | $561.8M | $565.7M | $564.2M | $570.8M | $556.8M | $537.4M |
| Total liabilities | $304.4M | $299.6M | $289.0M | $286.7M | $265.0M | $241.6M |
| Shareholders' equity | $257.4M | $266.1M | $275.2M | $284.1M | $291.8M | $295.7M |
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