CaliberCos (CWD) Q2 FY26 earnings call

CaliberCo reported Q2 FY26 results in line with its plan, marked by its first fund tokenization and reaffirmed full-year guidance for $18 million to $22 million in revenue and positive adjusted EBITDA. While platform revenue saw a year-over-year decline due to timing shifts in project financings, the company achieved positive adjusted EBITDA and continued to expand its real estate platform and capital formation efforts, particularly in digital assets and wholesale channels.