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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Zedge, Inc. (ZDGE). Click either name above to swap in a different company.
Zedge, Inc. is the larger business by last-quarter revenue ($7.6M vs $4.1M, roughly 1.8× CaliberCos Inc.). Zedge, Inc. runs the higher net margin — 10.4% vs -188.3%, a 198.7% gap on every dollar of revenue. On growth, Zedge, Inc. posted the faster year-over-year revenue change (5.8% vs -52.5%). Over the past eight quarters, Zedge, Inc.'s revenue compounded faster (-1.0% 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.
Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.
CWD vs ZDGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $7.6M |
| Net Profit | $-7.7M | $788.0K |
| Gross Margin | — | — |
| Operating Margin | -196.6% | 12.0% |
| Net Margin | -188.3% | 10.4% |
| Revenue YoY | -52.5% | 5.8% |
| Net Profit YoY | 32.2% | 332.4% |
| EPS (diluted) | $1.95 | $0.06 |
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 | $7.6M | ||
| Q3 25 | $3.6M | $7.5M | ||
| Q2 25 | $5.1M | $7.8M | ||
| Q1 25 | $7.3M | $7.0M | ||
| Q4 24 | $8.7M | $7.2M | ||
| Q3 24 | $11.3M | $7.6M | ||
| Q2 24 | $8.2M | $7.7M | ||
| Q1 24 | $23.0M | $7.8M |
| Q4 25 | $-7.7M | $788.0K | ||
| Q3 25 | $-4.4M | $-559.0K | ||
| Q2 25 | $-5.3M | $185.0K | ||
| Q1 25 | $-4.4M | $-1.7M | ||
| Q4 24 | $-11.4M | $-339.0K | ||
| Q3 24 | $146.0K | $-39.0K | ||
| Q2 24 | $-4.7M | $113.0K | ||
| Q1 24 | $-3.8M | $-9.2M |
| Q4 25 | -196.6% | 12.0% | ||
| Q3 25 | -129.6% | -9.6% | ||
| Q2 25 | -112.4% | 2.1% | ||
| Q1 25 | -62.7% | -31.8% | ||
| Q4 24 | -236.8% | -6.4% | ||
| Q3 24 | 0.0% | -0.8% | ||
| Q2 24 | -65.0% | -1.7% | ||
| Q1 24 | -22.9% | -153.5% |
| Q4 25 | -188.3% | 10.4% | ||
| Q3 25 | -120.2% | -7.5% | ||
| Q2 25 | -104.5% | 2.4% | ||
| Q1 25 | -60.7% | -24.1% | ||
| Q4 24 | -247.6% | -4.7% | ||
| Q3 24 | 1.3% | -0.5% | ||
| Q2 24 | -57.8% | 1.5% | ||
| Q1 24 | -16.6% | -118.8% |
| Q4 25 | $1.95 | $0.06 | ||
| Q3 25 | $-1.65 | $-0.04 | ||
| Q2 25 | $-4.15 | $0.01 | ||
| Q1 25 | $-3.85 | $-0.12 | ||
| Q4 24 | $-10.15 | $-0.02 | ||
| Q3 24 | $0.12 | $0.00 | ||
| Q2 24 | $-4.34 | $0.01 | ||
| Q1 24 | $-3.53 | $-0.66 |
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 | $18.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3M | $25.9M |
| Total Assets | $135.4M | $36.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $18.5M | ||
| Q3 25 | $10.9M | $18.6M | ||
| Q2 25 | $683.0K | $20.4M | ||
| Q1 25 | $1.6M | $20.1M | ||
| Q4 24 | $2.3M | $20.2M | ||
| Q3 24 | $1.6M | $20.0M | ||
| Q2 24 | $1.8M | $19.9M | ||
| Q1 24 | $2.1M | $18.1M |
| Q4 25 | $1.3M | $25.9M | ||
| Q3 25 | $4.2M | $25.9M | ||
| Q2 25 | $-19.9M | $28.6M | ||
| Q1 25 | $-15.8M | $28.2M | ||
| Q4 24 | $-12.6M | $30.1M | ||
| Q3 24 | $-3.8M | $30.9M | ||
| Q2 24 | $-4.7M | $30.9M | ||
| Q1 24 | $-745.0K | $30.7M |
| Q4 25 | $135.4M | $36.0M | ||
| Q3 25 | $82.6M | $35.7M | ||
| Q2 25 | $59.3M | $37.8M | ||
| Q1 25 | $103.6M | $37.1M | ||
| Q4 24 | $105.5M | $38.2M | ||
| Q3 24 | $158.6M | $38.2M | ||
| Q2 24 | $195.2M | $38.1M | ||
| Q1 24 | $201.5M | $37.1M |
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 | $825.0K |
| Free Cash FlowOCF − Capex | — | $808.0K |
| FCF MarginFCF / Revenue | — | 10.6% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.1M | $825.0K | ||
| Q3 25 | $-4.6M | $674.0K | ||
| Q2 25 | $-1.2M | $870.0K | ||
| Q1 25 | $-1.7M | $708.0K | ||
| Q4 24 | $555.0K | $1.2M | ||
| Q3 24 | $-74.0K | $695.0K | ||
| Q2 24 | $1.4M | $2.3M | ||
| Q1 24 | $-1.5M | $1.6M |
| Q4 25 | — | $808.0K | ||
| Q3 25 | — | $640.0K | ||
| Q2 25 | — | $851.0K | ||
| Q1 25 | — | $689.0K | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $683.0K | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | — | $1.6M |
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 30.4% | ||
| Q1 24 | — | 20.0% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.70× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.51× | — | ||
| Q2 24 | — | 20.73× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWD
Segment breakdown not available.
ZDGE
| Zedge Marketplace | $7.1M | 94% |
| Other | $468.0K | 6% |
