Belpointe PREP, LLC financials
$42.00−4.13%
Close Sep 28, 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 |
|---|---|---|---|---|---|
| Revenue | $9.2M | $2.7M | $2.3M | $1.4M | $997.0K |
| Gross profit | $9.2M | $2.7M | $2.3M | $1.4M | $997.0K |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$20.7M | -$14.3M | -$14.4M | -$9.5M | -$3.7M |
| Net income | -$40.0M | -$23.9M | -$14.4M | -$7.7M | -$3.1M |
| Net margin | −435.9% | −891.8% | −636.7% | −552.3% | −314.4% |
| Diluted EPS | $-10.72 | $-6.56 | $-4.04 | $-2.25 | $-7.64 |
| EBITDA | -$9.9M | -$8.0M | -$9.1M | -$8.4M | -$3.1M |
| Operating cash flow | -$25.2M | -$13.7M | -$6.9M | -$6.7M | -$2.3M |
| Free cash flow | -$87.0M | -$151.5M | -$146.7M | -$46.2M | -$10.2M |
| Diluted shares | 3.7M | 3.6M | 3.6M | 3.4M | 0.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $24.3M | $24.7M | $20.1M | $143.5M | $192.1M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $260.6M | $179.6M | $23.7M | $0.00 | $10.8M |
| Total assets | $564.2M | $517.6M | $382.1M | $354.0M | $341.4M |
| Total liabilities | $289.0M | $213.5M | $57.1M | $21.3M | $17.6M |
| Shareholders' equity | $275.2M | $304.1M | $325.1M | $332.7M | $323.9M |
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