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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Mawson Infrastructure Group Inc. (MIGI). Click either name above to swap in a different company.
CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.2M, roughly 1.3× Mawson Infrastructure Group Inc.). On growth, CaliberCos Inc. posted the faster year-over-year revenue change (-52.5% vs -78.5%). Over the past eight quarters, CaliberCos Inc.'s revenue compounded faster (-57.6% CAGR vs -58.5%).
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.
Mawson Infrastructure Group Inc. is a global digital infrastructure provider that operates sustainable, energy-efficient data centers and specialized hosting solutions for blockchain and digital asset operations. Its core segments include cryptocurrency mining, colocation services, and low-carbon infrastructure development, with primary operational footprints across North America and Australia.
CWD vs MIGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $3.2M |
| Net Profit | $-7.7M | — |
| Gross Margin | — | — |
| Operating Margin | -196.6% | — |
| Net Margin | -188.3% | — |
| Revenue YoY | -52.5% | -78.5% |
| Net Profit YoY | 32.2% | -246.2% |
| EPS (diluted) | $1.95 | — |
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 | $3.2M | ||
| Q3 25 | $3.6M | $13.2M | ||
| Q2 25 | $5.1M | $9.5M | ||
| Q1 25 | $7.3M | $13.8M | ||
| Q4 24 | $8.7M | $15.1M | ||
| Q3 24 | $11.3M | $12.3M | ||
| Q2 24 | $8.2M | $13.1M | ||
| Q1 24 | $23.0M | $18.8M |
| Q4 25 | $-7.7M | — | ||
| Q3 25 | $-4.4M | $327.7K | ||
| Q2 25 | $-5.3M | $-8.0M | ||
| Q1 25 | $-4.4M | $-310.9K | ||
| Q4 24 | $-11.4M | $-4.5M | ||
| Q3 24 | $146.0K | $-12.2M | ||
| Q2 24 | $-4.7M | $-9.6M | ||
| Q1 24 | $-3.8M | $-19.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 65.0% | ||
| Q2 25 | — | 41.3% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | — | 35.1% | ||
| Q2 24 | — | 32.9% | ||
| Q1 24 | — | 37.2% |
| Q4 25 | -196.6% | — | ||
| Q3 25 | -129.6% | 12.0% | ||
| Q2 25 | -112.4% | -68.9% | ||
| Q1 25 | -62.7% | 4.2% | ||
| Q4 24 | -236.8% | -35.2% | ||
| Q3 24 | 0.0% | -92.6% | ||
| Q2 24 | -65.0% | -51.5% | ||
| Q1 24 | -22.9% | -41.0% |
| Q4 25 | -188.3% | — | ||
| Q3 25 | -120.2% | 2.5% | ||
| Q2 25 | -104.5% | -84.1% | ||
| Q1 25 | -60.7% | -2.3% | ||
| Q4 24 | -247.6% | -30.0% | ||
| Q3 24 | 1.3% | -99.3% | ||
| Q2 24 | -57.8% | -73.4% | ||
| Q1 24 | -16.6% | -105.3% |
| Q4 25 | $1.95 | — | ||
| Q3 25 | $-1.65 | $0.01 | ||
| Q2 25 | $-4.15 | $-0.40 | ||
| Q1 25 | $-3.85 | $-0.02 | ||
| Q4 24 | $-10.15 | $-49.35 | ||
| Q3 24 | $0.12 | $-0.66 | ||
| Q2 24 | $-4.34 | $-0.55 | ||
| Q1 24 | $-3.53 | $-1.19 |
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 | $13.3M |
| Total DebtLower is stronger | — | $25.2M |
| Stockholders' EquityBook value | $1.3M | $-3.1M |
| Total Assets | $135.4M | $57.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $13.3M | ||
| Q3 25 | $10.9M | $2.3M | ||
| Q2 25 | $683.0K | $3.2M | ||
| Q1 25 | $1.6M | $5.5M | ||
| Q4 24 | $2.3M | $6.1M | ||
| Q3 24 | $1.6M | $5.8M | ||
| Q2 24 | $1.8M | $6.8M | ||
| Q1 24 | $2.1M | $6.4M |
| Q4 25 | — | $25.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $20.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $393.2K | ||
| Q1 24 | — | $41.5K |
| Q4 25 | $1.3M | $-3.1M | ||
| Q3 25 | $4.2M | $-9.4M | ||
| Q2 25 | $-19.9M | $-8.3M | ||
| Q1 25 | $-15.8M | $-1.4M | ||
| Q4 24 | $-12.6M | $-3.2M | ||
| Q3 24 | $-3.8M | $-1.6M | ||
| Q2 24 | $-4.7M | $4.4M | ||
| Q1 24 | $-745.0K | $13.0M |
| Q4 25 | $135.4M | $57.4M | ||
| Q3 25 | $82.6M | $52.0M | ||
| Q2 25 | $59.3M | $52.7M | ||
| Q1 25 | $103.6M | $57.9M | ||
| Q4 24 | $105.5M | $61.4M | ||
| Q3 24 | $158.6M | $60.8M | ||
| Q2 24 | $195.2M | $65.6M | ||
| Q1 24 | $201.5M | $67.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | 0.00× |
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 | $-6.9M |
| Free Cash FlowOCF − Capex | — | $-7.0M |
| FCF MarginFCF / Revenue | — | -218.1% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.1M | $-6.9M | ||
| Q3 25 | $-4.6M | $-844.5K | ||
| Q2 25 | $-1.2M | $-2.1M | ||
| Q1 25 | $-1.7M | $-510.4K | ||
| Q4 24 | $555.0K | $3.6M | ||
| Q3 24 | $-74.0K | $-1.2M | ||
| Q2 24 | $1.4M | $2.5M | ||
| Q1 24 | $-1.5M | $1.9M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | — | $-859.7K | ||
| Q2 25 | — | $-2.1M | ||
| Q1 25 | — | $-516.9K | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $-1.3M | ||
| Q2 24 | — | $592.4K | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | -218.1% | ||
| Q3 25 | — | -6.5% | ||
| Q2 25 | — | -22.3% | ||
| Q1 25 | — | -3.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | -10.4% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 9.9% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.58× | ||
| 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.
