NYSE$OZ

Belpointe Prep Llc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Belpointe PREP reported Q3 2025, revenue of $2.4M, net loss of $12.1M.

For Q3 2025, Belpointe PREP reported revenue of $2.4M, a net loss of $12.1M. Management discusses operations, liquidity, and outlook in the quarterly filing.

  • Revenue $2.4M.
  • Net loss $12.1M.
  • Belpointe PREP MD&A covers cash runway, pipeline, and sector risks.

Headline financials

Total Revenue

$2.38M

Previous: $860K+177.0%
EPS (adj)

-$3.21

Previous: -$1.90-68.9%
Capital Expenditures

-$55.9M

Previous: -$111M+49.5%
Free Cash Flow

-$68.1M

Previous: -$118M+42.1%
Net Income

-$12.1M

Previous: -$6.93M-75.1%
Operating Income

-$9.45M

Previous: -$6.94M-36.1%
Gross Profit

$2.38M

Previous: $860K+177.0%

Revenue & EPS history

Belpointe Prep · Revenue · Quarterly

$2.38M

Q3 2025+177%vs Q3 2024

Forward guidance

Real estate NOI, leasing spreads, and capital structure drive the outlook.

Tailwinds

  • Mixed-use and commercial asset repositioning.
  • Interest income partially offsets expenses.

Headwinds

  • Interest expense and debt extinguishment costs.
  • Occupancy and rental rate pressure.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.1%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.6%

Avg return

30 days after

67%

14 / 21 earnings

Positive

+2.4%

Q3 2023

Best reaction

-7.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%-0.6%-7.0%
Q4 2025-7.4%-3.0%-5.2%
Q3 2025-2.5%+0.1%+4.0%
Q2 2025+0.4%-2.7%+0.8%
Q1 2025-1.6%-2.7%-0.4%
Q3 2024-0.6%+0.4%+12.9%
Q2 2024+0.4%+5.0%+14.2%
Q1 2024-0.1%+1.6%-0.8%
Q4 2023+2.0%+2.8%-2.0%
Q2 2023+2.0%+2.8%-2.0%
Q3 2023+2.4%+3.0%+7.0%
Q1 2023+0.0%+0.4%-4.2%
Q2 2022+0.5%+0.2%-0.4%
Q4 2022+0.5%+0.2%-0.4%
Q3 2022+2.1%+5.4%+9.2%
Q2 2021+0.4%+0.6%+0.6%
Q1 2021+0.1%-0.4%-1.5%
Q1 2022+0.1%-0.4%-1.5%
Q4 2021+1.7%+6.1%+9.2%
Q3 2021+0.0%+0.0%+0.0%
Q3 2020+0.0%

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