gross profit bridgeinconsistent2019-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$704.02M
Fiscal year ended 2025-12-31Operating income
$72.36M
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31Braemar Hotels & Resorts Inc. (BHR) reported revenue of $704.02M and net income of -$22.32M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Braemar Hotels & Resorts Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $704.02M | $728.40M | $739.34M | $669.58M | $427.54M | $226.97M | $487.61M | $431.40M | $414.06M | $405.86M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $323.61M | $272.63M | $271.60M | $262.58M |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $142.47M | $143.28M |
| Operating income | $72.36M | $128.75M | $61.67M | $68.39M | $1.45M | -$79.85M | $64.40M | $65.82M | $62.64M | $73.50M |
| Net income | -$22.32M | -$1.69M | -$27.02M | $17.76M | -$26.66M | -$105.26M | $371.00K | $1.32M | $23.02M | $19.32M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 67.62M | shares 66.50M | shares 65.99M | shares 69.69M | shares 52.68M | shares 34.00M | shares 32.29M | shares 31.94M | shares 34.71M | shares 31.20M |
| Pretax income | -$26.43M | $20.60M | -$27.94M | $23.39M | -$31.59M | -$129.08M | $2.96M | $5.02M | $27.80M | $25.89M |
| Income tax expense | $1.98M | $842.00K | $2.69M | $4.04M | $1.32M | -$4.41M | $1.76M | $2.43M | -$522.00K | $1.57M |
| Diluted EPS | $-1.07 | $-0.77 | $-1.13 | $-0.15 | $-0.76 | $-3.39 | $-0.32 | $-0.19 | $0.51 | $0.55 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $11.75M | $14.36M | $13.52M | $18.08M | $8.72M | $6.66M | $5.44M | $4.24M | $8.15M | $14.29M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $124.35M | $135.46M | $85.60M | $261.54M | $216.00M | $78.61M | $72.00M | $182.58M | $137.52M | $126.79M |
| Total assets | $1.86B | $2.14B | $2.23B | $2.40B | $1.88B | $1.67B | $1.76B | $1.64B | $1.42B | $1.26B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $1.34B | $1.41B | $1.41B | $1.57B | $1.36B | $1.28B | $1.25B | $1.09B | $894.52M | $828.06M |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $140.78M | $237.36M | $298.05M | $393.76M | $382.30M | $261.17M | $363.25M | $392.08M | $376.55M | $303.43M |
| Temporary (mezzanine) equity | $19.00M | $29.96M | $32.40M | $40.56M | $36.09M | $27.66M | $106.92M | $106.12M | $106.12M | $65.96M |
| Inventory | $4.74M | $4.66M | $5.00M | $5.24M | $3.13M | $2.55M | $2.79M | $1.86M | $1.42M | $1.48M |
| Accounts receivable | $32.84M | $31.75M | $39.20M | $51.45M | $23.70M | $13.56M | $19.05M | $12.74M | $14.33M | $18.19M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | $1.10B | $1.21B | $1.16B | $1.33B | $1.17B | $1.13B | $1.06B | $985.87M | $820.96M | $764.62M |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $40.78M | $66.82M | $84.71M | $109.48M | $63.95M | -$50.29M | $66.26M | $70.73M | $70.61M | $58.61M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | $209.63M | $35.51M | -$77.07M | -$402.22M | -$41.68M | -$16.54M | -$226.42M | -$166.82M | -$173.94M | $103.49M |
| Financing cash flow | -$268.63M | -$83.77M | -$156.84M | $345.06M | $127.95M | $49.60M | $32.06M | $169.24M | $124.03M | -$135.62M |
| Net change in cash | -$18.22M | $18.55M | -$149.19M | $52.32M | $150.22M | -$17.23M | -$128.10M | $73.15M | Unavailable | $21.75M |
| Stock-based compensation | -$446.00K | $2.61M | $9.24M | $11.28M | $10.18M | $7.89M | $7.94M | $7.00M | -$1.33M | $4.16M |
| Common dividends paid | $47.34M | $51.56M | $52.56M | $20.76M | $9.09M | $16.15M | $33.41M | $30.33M | $27.10M | $16.88M |
| Common share repurchases | $778.00K | $369.00K | $19.31M | $7.41M | $376.00K | $263.00K | $384.00K | $323.00K | $395.00K | $39.23M |
| Depreciation & amortization | $92.58M | $98.73M | $93.27M | $78.12M | $73.76M | $73.37M | $70.11M | $57.38M | $52.26M | $45.90M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 34.4% | 35.3% |
| Operating margin | 10.3% | 17.7% | 8.3% | 10.2% | 0.3% | -35.2% | 13.2% | 15.3% | 15.1% | 18.1% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | -0.1% | 0.4% | 1.3% | 1.7% | 2.4% | 3.5% | 1.6% | 1.6% | -0.3% | 1.0% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -3.3% | -1.5% | 10.4% | 56.6% | 88.4% | -53.5% | 13.0% | 4.2% | 2.0% | Unavailable |
| Net margin | -3.2% | -0.2% | -3.7% | 2.7% | -6.2% | -46.4% | 0.1% | 0.3% | 5.6% | 4.8% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 7.84x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | 4.1% | Unavailable | 17.3% | Unavailable | Unavailable | 59.6% | 48.5% | -1.9% | 6.1% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BHR in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-03-12View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-08View SEC filing
Reconciliation checks needing review
13 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2018-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
balance equationreview2025-12-31
Difference 365338000 exceeds tolerance 1861732.000. Presentation or filing-vintage differences need review.
balance equationreview2024-12-31
Difference 454844000 exceeds tolerance 2136059.000. Presentation or filing-vintage differences need review.
balance equationreview2023-12-31
Difference 488084000 exceeds tolerance 2226824.000. Presentation or filing-vintage differences need review.
balance equationreview2022-12-31
Difference 391684000 exceeds tolerance 2397714.000. Presentation or filing-vintage differences need review.
balance equationreview2021-12-31
Difference 105480000 exceeds tolerance 1879522.000. Presentation or filing-vintage differences need review.
balance equationreview2020-12-31
Difference 106949000 exceeds tolerance 1674021.000. Presentation or filing-vintage differences need review.
balance equationreview2019-12-31
Difference 41570000 exceeds tolerance 1758947.000. Presentation or filing-vintage differences need review.
balance equationreview2018-12-31
Difference 44885000 exceeds tolerance 1636487.000. Presentation or filing-vintage differences need review.
balance equationreview2017-12-31
Difference 46627000 exceeds tolerance 1423819.000. Presentation or filing-vintage differences need review.
balance equationreview2016-12-31
Difference 59544000 exceeds tolerance 1256997.000. Presentation or filing-vintage differences need review.