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

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.8M, roughly 1.1× SIGA TECHNOLOGIES INC). On growth, CaliberCos Inc. posted the faster year-over-year revenue change (-52.5% vs -95.3%). Over the past eight quarters, CaliberCos Inc.'s revenue compounded faster (-57.6% CAGR vs -61.4%).

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.

SIGA Technologies, Inc. is an American pharmaceutical company founded in 1995, based in New York City, which develops and sells pharmaceutical solutions for the antiviral treatment of smallpox, monkeypox, cowpox, and vaccinia complications.

CWD vs SIGA — Head-to-Head

Bigger by revenue
CWD
CWD
1.1× larger
CWD
$4.1M
$3.8M
SIGA
Growing faster (revenue YoY)
CWD
CWD
+42.9% gap
CWD
-52.5%
-95.3%
SIGA
Faster 2-yr revenue CAGR
CWD
CWD
Annualised
CWD
-57.6%
-61.4%
SIGA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWD
CWD
SIGA
SIGA
Revenue
$4.1M
$3.8M
Net Profit
$-7.7M
Gross Margin
21.2%
Operating Margin
-196.6%
Net Margin
-188.3%
Revenue YoY
-52.5%
-95.3%
Net Profit YoY
32.2%
-111.9%
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.

Revenue
CWD
CWD
SIGA
SIGA
Q4 25
$4.1M
$3.8M
Q3 25
$3.6M
$2.6M
Q2 25
$5.1M
$81.1M
Q1 25
$7.3M
$7.0M
Q4 24
$8.7M
$81.5M
Q3 24
$11.3M
$10.0M
Q2 24
$8.2M
$21.8M
Q1 24
$23.0M
$25.4M
Net Profit
CWD
CWD
SIGA
SIGA
Q4 25
$-7.7M
Q3 25
$-4.4M
$-6.4M
Q2 25
$-5.3M
$35.5M
Q1 25
$-4.4M
$-408.2K
Q4 24
$-11.4M
$45.8M
Q3 24
$146.0K
$1.3M
Q2 24
$-4.7M
$1.8M
Q1 24
$-3.8M
$10.3M
Gross Margin
CWD
CWD
SIGA
SIGA
Q4 25
21.2%
Q3 25
61.8%
Q2 25
68.5%
Q1 25
97.8%
Q4 24
82.7%
Q3 24
83.8%
Q2 24
43.6%
Q1 24
87.3%
Operating Margin
CWD
CWD
SIGA
SIGA
Q4 25
-196.6%
Q3 25
-129.6%
-390.2%
Q2 25
-112.4%
56.3%
Q1 25
-62.7%
-32.0%
Q4 24
-236.8%
70.1%
Q3 24
0.0%
5.4%
Q2 24
-65.0%
5.0%
Q1 24
-22.9%
44.3%
Net Margin
CWD
CWD
SIGA
SIGA
Q4 25
-188.3%
Q3 25
-120.2%
-243.0%
Q2 25
-104.5%
43.7%
Q1 25
-60.7%
-5.8%
Q4 24
-247.6%
56.2%
Q3 24
1.3%
13.4%
Q2 24
-57.8%
8.4%
Q1 24
-16.6%
40.4%
EPS (diluted)
CWD
CWD
SIGA
SIGA
Q4 25
$1.95
Q3 25
$-1.65
$-0.09
Q2 25
$-4.15
$0.49
Q1 25
$-3.85
$-0.01
Q4 24
$-10.15
$0.63
Q3 24
$0.12
$0.02
Q2 24
$-4.34
$0.03
Q1 24
$-3.53
$0.14

Balance Sheet & Financial Strength

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

Metric
CWD
CWD
SIGA
SIGA
Cash + ST InvestmentsLiquidity on hand
$2.9M
$155.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$198.8M
Total Assets
$135.4M
$219.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
SIGA
SIGA
Q4 25
$2.9M
$155.0M
Q3 25
$10.9M
$172.0M
Q2 25
$683.0K
$182.5M
Q1 25
$1.6M
$162.3M
Q4 24
$2.3M
$155.4M
Q3 24
$1.6M
$99.3M
Q2 24
$1.8M
$106.9M
Q1 24
$2.1M
$143.9M
Stockholders' Equity
CWD
CWD
SIGA
SIGA
Q4 25
$1.3M
$198.8M
Q3 25
$4.2M
$203.5M
Q2 25
$-19.9M
$209.3M
Q1 25
$-15.8M
$216.1M
Q4 24
$-12.6M
$215.8M
Q3 24
$-3.8M
$169.4M
Q2 24
$-4.7M
$167.6M
Q1 24
$-745.0K
$165.0M
Total Assets
CWD
CWD
SIGA
SIGA
Q4 25
$135.4M
$219.5M
Q3 25
$82.6M
$231.6M
Q2 25
$59.3M
$235.3M
Q1 25
$103.6M
$247.1M
Q4 24
$105.5M
$244.3M
Q3 24
$158.6M
$195.4M
Q2 24
$195.2M
$192.7M
Q1 24
$201.5M
$243.1M

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
SIGA
SIGA
Operating Cash FlowLast quarter
$-12.1M
$43.5M
Free Cash FlowOCF − Capex
$43.1M
FCF MarginFCF / Revenue
1136.4%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$103.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
SIGA
SIGA
Q4 25
$-12.1M
$43.5M
Q3 25
$-4.6M
$-9.8M
Q2 25
$-1.2M
$63.1M
Q1 25
$-1.7M
$7.1M
Q4 24
$555.0K
$56.3M
Q3 24
$-74.0K
$-7.4M
Q2 24
$1.4M
$6.0M
Q1 24
$-1.5M
$-6.1M
Free Cash Flow
CWD
CWD
SIGA
SIGA
Q4 25
$43.1M
Q3 25
$-10.1M
Q2 25
$63.1M
Q1 25
$7.0M
Q4 24
$56.3M
Q3 24
$-7.4M
Q2 24
$6.0M
Q1 24
FCF Margin
CWD
CWD
SIGA
SIGA
Q4 25
1136.4%
Q3 25
-385.6%
Q2 25
77.8%
Q1 25
99.9%
Q4 24
69.1%
Q3 24
-74.0%
Q2 24
27.3%
Q1 24
Capex Intensity
CWD
CWD
SIGA
SIGA
Q4 25
9.4%
Q3 25
11.1%
Q2 25
0.0%
Q1 25
0.4%
Q4 24
0.0%
Q3 24
0.2%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
CWD
CWD
SIGA
SIGA
Q4 25
Q3 25
Q2 25
1.78×
Q1 25
Q4 24
1.23×
Q3 24
-0.51×
-5.49×
Q2 24
3.25×
Q1 24
-0.60×

Financial Flow Comparison

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

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