Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Earnings Per Share, Basic and Diluted

The Company has calculated the basic and diluted earnings per share during the three and six months ended June 30, 2026 and 2025 as follows (in thousands, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net loss attributable to CaliberCos Inc.	$	(3,358)	$	(5,299)	$	(6,977)	$	(9,706)
Preferred stock dividends	—		(39)		(278)		(39)
Convertible debt interest	—		31		—		50

Net loss attributable to common shareholders of CaliberCos Inc.	$	(3,358)	$	(5,307)	$	(7,255)	$	(9,695)
Denominator:





Weighted average shares outstanding - basic and diluted	8,816		1,278		7,913		1,212

Basic and diluted net loss per share attributable to common shareholders	$	(0.38)	$	(4.15)	$	(0.92)	$	(8.00)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes these potential exercises and conversions during the three and six months ended June 30, 2026 and 2025, which have been excluded from the computation of diluted earnings per share attributable to common shareholders (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Additional common shares, if stock options were exercised	304	133	149	139
Additional common shares, if warrants were exercised	129	139	129	139
Additional common shares, if preferred shares were converted	10,125	223	8,039	223
Additional common shares, if convertible debt were converted	4	39	4	39
	10,562	534	8,321	540