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Side-by-side financial comparison of CaliberCos Inc. (CWD) and UPEXI, INC. (UPXI). Click either name above to swap in a different company.
UPEXI, INC. is the larger business by last-quarter revenue ($8.1M vs $4.1M, roughly 2.0× CaliberCos Inc.). CaliberCos Inc. runs the higher net margin — -188.3% vs -2222.1%, a 2033.8% gap on every dollar of revenue. On growth, UPEXI, INC. posted the faster year-over-year revenue change (101.0% vs -52.5%). Over the past eight quarters, UPEXI, INC.'s revenue compounded faster (24.2% 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.
CWD vs UPXI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $8.1M |
| Net Profit | $-7.7M | $-178.9M |
| Gross Margin | — | 83.3% |
| Operating Margin | -196.6% | -2177.9% |
| Net Margin | -188.3% | -2222.1% |
| Revenue YoY | -52.5% | 101.0% |
| Net Profit YoY | 32.2% | -13649.6% |
| 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 | $8.1M | ||
| Q3 25 | $3.6M | $9.2M | ||
| Q2 25 | $5.1M | $4.3M | ||
| Q1 25 | $7.3M | $3.2M | ||
| Q4 24 | $8.7M | $4.0M | ||
| Q3 24 | $11.3M | $4.4M | ||
| Q2 24 | $8.2M | $5.0M | ||
| Q1 24 | $23.0M | $5.2M |
| Q4 25 | $-7.7M | $-178.9M | ||
| Q3 25 | $-4.4M | $66.7M | ||
| Q2 25 | $-5.3M | $-6.9M | ||
| Q1 25 | $-4.4M | $-3.8M | ||
| Q4 24 | $-11.4M | $-1.3M | ||
| Q3 24 | $146.0K | $-1.6M | ||
| Q2 24 | $-4.7M | $-15.7M | ||
| Q1 24 | $-3.8M | $-4.1M |
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 89.6% | ||
| Q2 25 | — | 79.4% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 74.3% | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 31.0% | ||
| Q1 24 | — | 24.3% |
| Q4 25 | -196.6% | -2177.9% | ||
| Q3 25 | -129.6% | — | ||
| Q2 25 | -112.4% | -151.7% | ||
| Q1 25 | -62.7% | -113.5% | ||
| Q4 24 | -236.8% | -26.8% | ||
| Q3 24 | 0.0% | -30.6% | ||
| Q2 24 | -65.0% | -265.2% | ||
| Q1 24 | -22.9% | -96.5% |
| Q4 25 | -188.3% | -2222.1% | ||
| Q3 25 | -120.2% | 722.4% | ||
| Q2 25 | -104.5% | -161.5% | ||
| Q1 25 | -60.7% | -121.2% | ||
| Q4 24 | -247.6% | -32.5% | ||
| Q3 24 | 1.3% | -37.3% | ||
| Q2 24 | -57.8% | -312.4% | ||
| Q1 24 | -16.6% | -78.9% |
| Q4 25 | $1.95 | — | ||
| Q3 25 | $-1.65 | $0.76 | ||
| Q2 25 | $-4.15 | $0.83 | ||
| Q1 25 | $-3.85 | $-2.87 | ||
| Q4 24 | $-10.15 | $-1.24 | ||
| Q3 24 | $0.12 | $1.55 | ||
| Q2 24 | $-4.34 | $-15.66 | ||
| Q1 24 | $-3.53 | $-4.03 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3M | $48.7M |
| Total Assets | $135.4M | $271.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | — | ||
| Q3 25 | $10.9M | — | ||
| Q2 25 | $683.0K | — | ||
| Q1 25 | $1.6M | — | ||
| Q4 24 | $2.3M | — | ||
| Q3 24 | $1.6M | — | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | $1.3M | $48.7M | ||
| Q3 25 | $4.2M | $210.8M | ||
| Q2 25 | $-19.9M | $90.1M | ||
| Q1 25 | $-15.8M | $1.9M | ||
| Q4 24 | $-12.6M | $3.8M | ||
| Q3 24 | $-3.8M | $5.0M | ||
| Q2 24 | $-4.7M | $6.5M | ||
| Q1 24 | $-745.0K | $22.1M |
| Q4 25 | $135.4M | $271.1M | ||
| Q3 25 | $82.6M | $419.7M | ||
| Q2 25 | $59.3M | $123.8M | ||
| Q1 25 | $103.6M | $15.1M | ||
| Q4 24 | $105.5M | $17.5M | ||
| Q3 24 | $158.6M | $18.6M | ||
| Q2 24 | $195.2M | $23.5M | ||
| Q1 24 | $201.5M | $56.5M |
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 | $-2.7M |
| Free Cash FlowOCF − Capex | — | $-2.7M |
| FCF MarginFCF / Revenue | — | -33.5% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-22.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.1M | $-2.7M | ||
| Q3 25 | $-4.6M | $-9.8M | ||
| Q2 25 | $-1.2M | $-8.4M | ||
| Q1 25 | $-1.7M | $-778.7K | ||
| Q4 24 | $555.0K | $-1.4M | ||
| Q3 24 | $-74.0K | $-2.0M | ||
| Q2 24 | $1.4M | $-101.4K | ||
| Q1 24 | $-1.5M | $783.5K |
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-9.8M | ||
| Q2 25 | — | $-8.8M | ||
| Q1 25 | — | $-809.3K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | — | $-1.0M | ||
| Q1 24 | — | $600.9K |
| Q4 25 | — | -33.5% | ||
| Q3 25 | — | -106.0% | ||
| Q2 25 | — | -205.4% | ||
| Q1 25 | — | -25.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -49.2% | ||
| Q2 24 | — | -20.5% | ||
| Q1 24 | — | 11.5% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 18.5% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.15× | ||
| 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.
