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Side-by-side financial comparison of CaliberCos Inc. (CWD) and ETHZilla Corp (ETHZ). Click either name above to swap in a different company.

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $4.1M, roughly 1.0× ETHZilla Corp). CaliberCos Inc. runs the higher net margin — -188.3% vs -5273.3%, a 5085.0% gap on every dollar of revenue.

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

CWD vs ETHZ — Head-to-Head

Bigger by revenue
CWD
CWD
1.0× larger
CWD
$4.1M
$4.1M
ETHZ
Higher net margin
CWD
CWD
5085.0% more per $
CWD
-188.3%
-5273.3%
ETHZ

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CWD
CWD
ETHZ
ETHZ
Revenue
$4.1M
$4.1M
Net Profit
$-7.7M
$-216.7M
Gross Margin
Operating Margin
-196.6%
-5364.6%
Net Margin
-188.3%
-5273.3%
Revenue YoY
-52.5%
Net Profit YoY
32.2%
-25803.8%
EPS (diluted)
$1.95
$-16.80

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CWD
CWD
ETHZ
ETHZ
Q4 25
$4.1M
Q3 25
$3.6M
$4.1M
Q2 25
$5.1M
Q1 25
$7.3M
Q4 24
$8.7M
Q3 24
$11.3M
$0
Q2 24
$8.2M
Q1 24
$23.0M
Net Profit
CWD
CWD
ETHZ
ETHZ
Q4 25
$-7.7M
Q3 25
$-4.4M
$-216.7M
Q2 25
$-5.3M
Q1 25
$-4.4M
Q4 24
$-11.4M
Q3 24
$146.0K
$-836.7K
Q2 24
$-4.7M
Q1 24
$-3.8M
Operating Margin
CWD
CWD
ETHZ
ETHZ
Q4 25
-196.6%
Q3 25
-129.6%
-5364.6%
Q2 25
-112.4%
Q1 25
-62.7%
Q4 24
-236.8%
Q3 24
0.0%
Q2 24
-65.0%
Q1 24
-22.9%
Net Margin
CWD
CWD
ETHZ
ETHZ
Q4 25
-188.3%
Q3 25
-120.2%
-5273.3%
Q2 25
-104.5%
Q1 25
-60.7%
Q4 24
-247.6%
Q3 24
1.3%
Q2 24
-57.8%
Q1 24
-16.6%
EPS (diluted)
CWD
CWD
ETHZ
ETHZ
Q4 25
$1.95
Q3 25
$-1.65
$-16.80
Q2 25
$-4.15
Q1 25
$-3.85
Q4 24
$-10.15
Q3 24
$0.12
$-5.43
Q2 24
$-4.34
Q1 24
$-3.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWD
CWD
ETHZ
ETHZ
Cash + ST InvestmentsLiquidity on hand
$2.9M
$62.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$445.1M
Total Assets
$135.4M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
ETHZ
ETHZ
Q4 25
$2.9M
Q3 25
$10.9M
$62.1M
Q2 25
$683.0K
Q1 25
$1.6M
Q4 24
$2.3M
Q3 24
$1.6M
Q2 24
$1.8M
Q1 24
$2.1M
Stockholders' Equity
CWD
CWD
ETHZ
ETHZ
Q4 25
$1.3M
Q3 25
$4.2M
$445.1M
Q2 25
$-19.9M
Q1 25
$-15.8M
Q4 24
$-12.6M
Q3 24
$-3.8M
$3.7M
Q2 24
$-4.7M
Q1 24
$-745.0K
Total Assets
CWD
CWD
ETHZ
ETHZ
Q4 25
$135.4M
Q3 25
$82.6M
$1.0B
Q2 25
$59.3M
Q1 25
$103.6M
Q4 24
$105.5M
Q3 24
$158.6M
$10.5M
Q2 24
$195.2M
Q1 24
$201.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWD
CWD
ETHZ
ETHZ
Operating Cash FlowLast quarter
$-12.1M
$-16.4M
Free Cash FlowOCF − Capex
$-259.9M
FCF MarginFCF / Revenue
-6323.7%
Capex IntensityCapex / Revenue
5923.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
ETHZ
ETHZ
Q4 25
$-12.1M
Q3 25
$-4.6M
$-16.4M
Q2 25
$-1.2M
Q1 25
$-1.7M
Q4 24
$555.0K
Q3 24
$-74.0K
$-239.9K
Q2 24
$1.4M
Q1 24
$-1.5M
Free Cash Flow
CWD
CWD
ETHZ
ETHZ
Q4 25
Q3 25
$-259.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CWD
CWD
ETHZ
ETHZ
Q4 25
Q3 25
-6323.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CWD
CWD
ETHZ
ETHZ
Q4 25
Q3 25
5923.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
CWD
CWD
ETHZ
ETHZ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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