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Side-by-side financial comparison of CaliberCos Inc. (CWD) and HeartCore Enterprises, Inc. (HTCR). Click either name above to swap in a different company.
CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.0M, roughly 1.4× HeartCore Enterprises, Inc.). HeartCore Enterprises, Inc. runs the higher net margin — 14.5% vs -188.3%, a 202.8% gap on every dollar of revenue. On growth, CaliberCos Inc. posted the faster year-over-year revenue change (-52.5% vs -81.6%). Over the past eight quarters, HeartCore Enterprises, Inc.'s revenue compounded faster (-5.2% CAGR vs -57.6%).
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.
HeartCore Enterprises, Inc. is a global SaaS provider specializing in customer experience management, digital transformation solutions, and marketing technology tools. It operates mainly in Japan, Asia-Pacific, and North America, serving small-to-medium businesses and large enterprises with content management systems, marketing automation platforms, and CRM solutions.
CWD vs HTCR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $3.0M |
| Net Profit | $-7.7M | $434.1K |
| Gross Margin | — | 49.1% |
| Operating Margin | -196.6% | -0.4% |
| Net Margin | -188.3% | 14.5% |
| Revenue YoY | -52.5% | -81.6% |
| Net Profit YoY | 32.2% | -96.1% |
| EPS (diluted) | $1.95 | $0.02 |
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.
| Q4 25 | $4.1M | — | ||
| Q3 25 | $3.6M | $3.0M | ||
| Q2 25 | $5.1M | $4.7M | ||
| Q1 25 | $7.3M | $3.6M | ||
| Q4 24 | $8.7M | $-2.7M | ||
| Q3 24 | $11.3M | $16.2M | ||
| Q2 24 | $8.2M | $4.1M | ||
| Q1 24 | $23.0M | $5.0M |
| Q4 25 | $-7.7M | — | ||
| Q3 25 | $-4.4M | $434.1K | ||
| Q2 25 | $-5.3M | $1.1M | ||
| Q1 25 | $-4.4M | $-3.1M | ||
| Q4 24 | $-11.4M | $-9.3M | ||
| Q3 24 | $146.0K | $11.1M | ||
| Q2 24 | $-4.7M | $-2.0M | ||
| Q1 24 | $-3.8M | $-1.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 49.1% | ||
| Q2 25 | — | 46.7% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 86.3% | ||
| Q2 24 | — | 19.8% | ||
| Q1 24 | — | 40.3% |
| Q4 25 | -196.6% | — | ||
| Q3 25 | -129.6% | -0.4% | ||
| Q2 25 | -112.4% | 2.3% | ||
| Q1 25 | -62.7% | -34.7% | ||
| Q4 24 | -236.8% | 386.5% | ||
| Q3 24 | 0.0% | 76.0% | ||
| Q2 24 | -65.0% | -37.1% | ||
| Q1 24 | -22.9% | -13.5% |
| Q4 25 | -188.3% | — | ||
| Q3 25 | -120.2% | 14.5% | ||
| Q2 25 | -104.5% | 23.2% | ||
| Q1 25 | -60.7% | -86.1% | ||
| Q4 24 | -247.6% | 346.8% | ||
| Q3 24 | 1.3% | 68.1% | ||
| Q2 24 | -57.8% | -48.0% | ||
| Q1 24 | -16.6% | -26.4% |
| Q4 25 | $1.95 | — | ||
| Q3 25 | $-1.65 | $0.02 | ||
| Q2 25 | $-4.15 | $0.04 | ||
| Q1 25 | $-3.85 | $-0.14 | ||
| Q4 24 | $-10.15 | $-0.45 | ||
| Q3 24 | $0.12 | $0.53 | ||
| Q2 24 | $-4.34 | $-0.09 | ||
| Q1 24 | $-3.53 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9M | $4.4M |
| Total DebtLower is stronger | — | $510.9K |
| Stockholders' EquityBook value | $1.3M | $5.2M |
| Total Assets | $135.4M | $13.3M |
| Debt / EquityLower = less leverage | — | 0.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | — | ||
| Q3 25 | $10.9M | $4.4M | ||
| Q2 25 | $683.0K | $2.5M | ||
| Q1 25 | $1.6M | $2.3M | ||
| Q4 24 | $2.3M | $6.5M | ||
| Q3 24 | $1.6M | $8.6M | ||
| Q2 24 | $1.8M | $4.2M | ||
| Q1 24 | $2.1M | $1.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $510.9K | ||
| Q2 25 | — | $1.5M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | — | $545.1K | ||
| Q3 24 | — | $1.9M | ||
| Q2 24 | — | $1.9M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | $1.3M | — | ||
| Q3 25 | $4.2M | $5.2M | ||
| Q2 25 | $-19.9M | $4.8M | ||
| Q1 25 | $-15.8M | $1.8M | ||
| Q4 24 | $-12.6M | $4.7M | ||
| Q3 24 | $-3.8M | $12.4M | ||
| Q2 24 | $-4.7M | $1.6M | ||
| Q1 24 | $-745.0K | $3.9M |
| Q4 25 | $135.4M | — | ||
| Q3 25 | $82.6M | $13.3M | ||
| Q2 25 | $59.3M | $13.5M | ||
| Q1 25 | $103.6M | $10.2M | ||
| Q4 24 | $105.5M | $14.0M | ||
| Q3 24 | $158.6M | $25.5M | ||
| Q2 24 | $195.2M | $24.1M | ||
| Q1 24 | $201.5M | $22.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 0.50× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-4.6M | — | ||
| Q2 25 | $-1.2M | $-674.1K | ||
| Q1 25 | $-1.7M | $-2.0M | ||
| Q4 24 | $555.0K | $-1.3M | ||
| Q3 24 | $-74.0K | $-1.8M | ||
| Q2 24 | $1.4M | $-837.1K | ||
| Q1 24 | $-1.5M | $-898.6K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.61× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.51× | -0.16× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWD
Segment breakdown not available.
HTCR
| Customised Software Development And Services | $1.7M | 58% |
| Software Related Cost Of Revenues | $1.4M | 46% |
