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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.6M, roughly 1.1× Solid Power, Inc.). On growth, Solid Power, Inc. posted the faster year-over-year revenue change (-18.6% vs -52.5%). Over the past eight quarters, Solid Power, Inc.'s revenue compounded faster (-21.9% 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.
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
CWD vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $3.6M |
| Net Profit | $-7.7M | — |
| Gross Margin | — | — |
| Operating Margin | -196.6% | -730.1% |
| Net Margin | -188.3% | — |
| Revenue YoY | -52.5% | -18.6% |
| Net Profit YoY | 32.2% | — |
| EPS (diluted) | $1.95 | $-0.15 |
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 | $3.6M | ||
| Q3 25 | $3.6M | $3.7M | ||
| Q2 25 | $5.1M | $6.5M | ||
| Q1 25 | $7.3M | $6.0M | ||
| Q4 24 | $8.7M | $4.5M | ||
| Q3 24 | $11.3M | $4.7M | ||
| Q2 24 | $8.2M | $5.1M | ||
| Q1 24 | $23.0M | $6.0M |
| Q4 25 | $-7.7M | — | ||
| Q3 25 | $-4.4M | $-25.9M | ||
| Q2 25 | $-5.3M | $-25.3M | ||
| Q1 25 | $-4.4M | $-15.2M | ||
| Q4 24 | $-11.4M | — | ||
| Q3 24 | $146.0K | $-22.4M | ||
| Q2 24 | $-4.7M | $-22.3M | ||
| Q1 24 | $-3.8M | $-21.2M |
| Q4 25 | -196.6% | -730.1% | ||
| Q3 25 | -129.6% | -654.4% | ||
| Q2 25 | -112.4% | -398.9% | ||
| Q1 25 | -62.7% | -399.4% | ||
| Q4 24 | -236.8% | -561.1% | ||
| Q3 24 | 0.0% | -593.2% | ||
| Q2 24 | -65.0% | -530.8% | ||
| Q1 24 | -22.9% | -433.1% |
| Q4 25 | -188.3% | — | ||
| Q3 25 | -120.2% | -693.1% | ||
| Q2 25 | -104.5% | -390.7% | ||
| Q1 25 | -60.7% | -251.8% | ||
| Q4 24 | -247.6% | — | ||
| Q3 24 | 1.3% | -482.0% | ||
| Q2 24 | -57.8% | -438.9% | ||
| Q1 24 | -16.6% | -356.2% |
| Q4 25 | $1.95 | $-0.15 | ||
| Q3 25 | $-1.65 | $-0.14 | ||
| Q2 25 | $-4.15 | $-0.14 | ||
| Q1 25 | $-3.85 | $-0.08 | ||
| Q4 24 | $-10.15 | $-0.16 | ||
| Q3 24 | $0.12 | $-0.13 | ||
| Q2 24 | $-4.34 | $-0.13 | ||
| Q1 24 | $-3.53 | $-0.12 |
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 | $250.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3M | $415.7M |
| Total Assets | $135.4M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $250.8M | ||
| Q3 25 | $10.9M | $251.2M | ||
| Q2 25 | $683.0K | $230.9M | ||
| Q1 25 | $1.6M | $240.9M | ||
| Q4 24 | $2.3M | $118.2M | ||
| Q3 24 | $1.6M | $132.0M | ||
| Q2 24 | $1.8M | $140.5M | ||
| Q1 24 | $2.1M | $146.6M |
| Q4 25 | $1.3M | $415.7M | ||
| Q3 25 | $4.2M | $381.2M | ||
| Q2 25 | $-19.9M | $370.6M | ||
| Q1 25 | $-15.8M | $397.1M | ||
| Q4 24 | $-12.6M | $410.3M | ||
| Q3 24 | $-3.8M | $439.4M | ||
| Q2 24 | $-4.7M | $456.8M | ||
| Q1 24 | $-745.0K | $479.4M |
| Q4 25 | $135.4M | $455.1M | ||
| Q3 25 | $82.6M | $416.1M | ||
| Q2 25 | $59.3M | $398.0M | ||
| Q1 25 | $103.6M | $419.4M | ||
| Q4 24 | $105.5M | $448.3M | ||
| Q3 24 | $158.6M | $470.9M | ||
| Q2 24 | $195.2M | $492.6M | ||
| Q1 24 | $201.5M | $516.2M |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-23.0M |
| FCF MarginFCF / Revenue | — | -633.0% |
| Capex IntensityCapex / Revenue | — | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.1M | $-18.4M | ||
| Q3 25 | $-4.6M | $-14.3M | ||
| Q2 25 | $-1.2M | $-14.4M | ||
| Q1 25 | $-1.7M | $-26.3M | ||
| Q4 24 | $555.0K | $-13.9M | ||
| Q3 24 | $-74.0K | $-9.9M | ||
| Q2 24 | $1.4M | $-11.1M | ||
| Q1 24 | $-1.5M | $-29.1M |
| Q4 25 | — | $-23.0M | ||
| Q3 25 | — | $-14.8M | ||
| Q2 25 | — | $-17.1M | ||
| Q1 25 | — | $-28.6M | ||
| Q4 24 | — | $-18.6M | ||
| Q3 24 | — | $-12.6M | ||
| Q2 24 | — | $-15.5M | ||
| Q1 24 | — | $-33.1M |
| Q4 25 | — | -633.0% | ||
| Q3 25 | — | -397.6% | ||
| Q2 25 | — | -264.2% | ||
| Q1 25 | — | -476.1% | ||
| Q4 24 | — | -416.5% | ||
| Q3 24 | — | -271.5% | ||
| Q2 24 | — | -305.8% | ||
| Q1 24 | — | -556.3% |
| Q4 25 | — | 126.5% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 41.5% | ||
| Q1 25 | — | 39.1% | ||
| Q4 24 | — | 105.5% | ||
| Q3 24 | — | 59.7% | ||
| Q2 24 | — | 86.8% | ||
| Q1 24 | — | 68.1% |
| 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.
