vs
Side-by-side financial comparison of Belpointe PREP, LLC (OZ) and Rithm Property Trust Inc. (RPT). Click either name above to swap in a different company.
Rithm Property Trust Inc. is the larger business by last-quarter revenue ($3.4M vs $3.1M, roughly 1.1× Belpointe PREP, LLC). Rithm Property Trust Inc. runs the higher net margin — 95.4% vs -380.8%, a 476.2% gap on every dollar of revenue. On growth, Belpointe PREP, LLC posted the faster year-over-year revenue change (180.1% vs -39.7%). Over the past eight quarters, Belpointe PREP, LLC's revenue compounded faster (201.5% CAGR vs -43.2%).
Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.
OZ vs RPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1M | $3.4M |
| Net Profit | $-11.7M | $3.2M |
| Gross Margin | — | — |
| Operating Margin | — | 99.6% |
| Net Margin | -380.8% | 95.4% |
| Revenue YoY | 180.1% | -39.7% |
| Net Profit YoY | -41.8% | 11.2% |
| EPS (diluted) | $-3.10 | $-0.26 |
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 | $3.1M | $3.4M | ||
| Q3 25 | $2.4M | $4.0M | ||
| Q2 25 | $2.0M | $4.2M | ||
| Q1 25 | $1.7M | $249.0K | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $860.0K | — | ||
| Q2 24 | $384.0K | — | ||
| Q1 24 | $337.0K | — |
| Q4 25 | $-11.7M | $3.2M | ||
| Q3 25 | $-12.1M | $-273.0K | ||
| Q2 25 | $-7.6M | $1.9M | ||
| Q1 25 | $-8.6M | $-3.4M | ||
| Q4 24 | $-8.2M | — | ||
| Q3 24 | $-6.9M | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-4.0M | — |
| Q4 25 | — | 99.6% | ||
| Q3 25 | — | -6.2% | ||
| Q2 25 | — | 45.7% | ||
| Q1 25 | — | -1416.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -380.8% | 95.4% | ||
| Q3 25 | -509.3% | -6.8% | ||
| Q2 25 | -381.0% | 45.1% | ||
| Q1 25 | -495.6% | -1363.1% | ||
| Q4 24 | -752.0% | — | ||
| Q3 24 | -805.6% | — | ||
| Q2 24 | -1229.2% | — | ||
| Q1 24 | -1181.3% | — |
| Q4 25 | $-3.10 | $-0.26 | ||
| Q3 25 | $-3.21 | $-0.03 | ||
| Q2 25 | $-2.06 | $0.01 | ||
| Q1 25 | $-2.35 | $-0.08 | ||
| Q4 24 | $-2.26 | — | ||
| Q3 24 | $-1.90 | — | ||
| Q2 24 | $-1.30 | — | ||
| Q1 24 | $-1.10 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.3M | $79.3M |
| Total DebtLower is stronger | $260.6M | — |
| Stockholders' EquityBook value | — | $291.6M |
| Total Assets | $564.2M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $79.3M | ||
| Q3 25 | $29.6M | $81.4M | ||
| Q2 25 | $25.0M | $98.6M | ||
| Q1 25 | $23.0M | $97.4M | ||
| Q4 24 | $24.7M | — | ||
| Q3 24 | $24.0M | — | ||
| Q2 24 | $24.7M | — | ||
| Q1 24 | $29.2M | — |
| Q4 25 | $260.6M | — | ||
| Q3 25 | $251.4M | — | ||
| Q2 25 | $228.4M | — | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $177.0M | — | ||
| Q3 24 | $144.1M | — | ||
| Q2 24 | $119.9M | — | ||
| Q1 24 | $86.9M | — |
| Q4 25 | — | $291.6M | ||
| Q3 25 | — | $291.7M | ||
| Q2 25 | — | $294.7M | ||
| Q1 25 | — | $296.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $564.2M | $1.0B | ||
| Q3 25 | $570.8M | $1.0B | ||
| Q2 25 | $556.8M | $1.0B | ||
| Q1 25 | $537.4M | $1.0B | ||
| Q4 24 | $517.6M | — | ||
| Q3 24 | $495.7M | — | ||
| Q2 24 | $476.2M | — | ||
| Q1 24 | $450.9M | — |
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 | $-25.2M | $-8.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -2.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-25.2M | $-8.3M | ||
| Q3 25 | $-6.0M | $-5.8M | ||
| Q2 25 | $-2.4M | $-25.0K | ||
| Q1 25 | $-6.6M | $-1.6M | ||
| Q4 24 | $-13.7M | — | ||
| Q3 24 | $-3.3M | — | ||
| Q2 24 | $1.2M | — | ||
| Q1 24 | $-6.6M | — |
| Q4 25 | — | -2.56× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.01× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
