balance equationreview2026-06-30
Difference 314182000 exceeds tolerance 1658741.000. Presentation or filing-vintage differences need review.
Revenue
$171.03M
Fiscal year ended 2026-06-30Operating income
$30.61M
Fiscal year ended 2026-06-30Free cash flow
Unavailable
Fiscal year ended 2026-06-30Valuation, from the filing
| Public float | $158.59M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $2.31 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 0.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
16.6× earnings today, against a median of 18.0× across 5 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2022-06-30 | $294.02M | 16.6× | |
| 2019-06-30 | $308.18M | 830.7× | |
| 2018-06-30 | $354.35M | 268.4× | |
| 2017-06-30 | $314.52M | 13.7× | |
| 2016-06-30 | $347.95M | 18.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| SBC / revenue | -0.1% | 1th | |
| Long-term debt / equity | 7.84x | 99th | |
| Revenue YoY growth | -3.3% | 24th | |
| Operating margin | 10.3% | 25th | |
| Net margin | -3.2% | 29th |
Braemar Hotels & Resorts Inc. (BHR) reported revenue of $171.03M and net income of $7.04M for the fiscal year ended 2026-06-30. 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 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $171.03M | $208.98M | $165.56M | $143.56M | $179.08M | $215.82M | $173.34M | $148.40M | $187.59M | $219.08M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $30.61M | $39.62M | -$12.08M | $29.81M | $17.89M | $36.74M | $3.78M | $70.33M | $12.18M | $42.47M |
| Net income | $7.04M | $17.70M | -$33.59M | $5.74M | -$5.47M | $11.00M | -$18.65M | $12.60M | -$11.56M | $15.93M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 68.68M | shares 100.29M | Unavailable | shares 68.22M | shares 67.28M | shares 66.74M | Unavailable | shares 66.52M | shares 66.50M | shares 268.52M |
| Pretax income | $9.42M | $19.45M | -$35.46M | $4.08M | -$7.19M | $12.14M | -$21.40M | $38.97M | -$13.90M | $16.93M |
| Income tax expense | $2.48M | $1.42M | $1.50M | -$648.00K | -$345.00K | $1.47M | $368.00K | -$864.00K | -$114.00K | $1.45M |
| Diluted EPS | $-0.01 | $0.07 | Unavailable | $-0.12 | $-0.24 | $-0.04 | Unavailable | $-0.02 | $-0.33 | $0.05 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | $4.87M | Unavailable | Unavailable | Unavailable | $2.89M | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $93.86M | $93.38M | $124.35M | $116.28M | $80.23M | $81.69M | $135.46M | $168.68M | $114.61M | $137.05M |
| Total assets | $1.66B | $1.85B | $1.86B | $2.01B | $2.06B | $2.10B | $2.14B | $2.18B | $2.21B | $2.28B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $1.18B | $1.35B | $1.34B | $1.37B | $1.40B | $1.40B | $1.41B | $1.41B | $1.43B | $1.47B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $149.06M | $149.09M | $140.78M | $207.98M | $221.81M | $235.48M | $237.36M | $273.93M | $272.30M | $297.60M |
| Temporary (mezzanine) equity | $15.20M | $15.92M | $19.00M | $18.94M | $17.99M | $26.43M | $29.96M | $31.34M | $31.58M | $33.00M |
| Inventory | $3.28M | $4.87M | $4.74M | $4.63M | $4.74M | $4.66M | $4.66M | $4.58M | $4.63M | $4.68M |
| Accounts receivable | $27.67M | $37.04M | $32.84M | $32.82M | $32.67M | $39.90M | $31.75M | $32.48M | $32.41M | $41.00M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | $745.92M | $1.11B | $1.10B | $1.16B | $1.21B | $1.20B | $1.21B | $1.21B | $1.13B | $1.22B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $20.92M | $21.95M | $8.34M | -$5.76M | $23.05M | $15.15M | $6.65M | $9.00K | $24.12M | $36.04M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | $164.05M | -$11.88M | $103.13M | $118.16M | $2.54M | -$14.20M | -$17.16M | $91.35M | -$15.85M | -$22.83M |
| Financing cash flow | -$181.81M | -$28.16M | -$108.60M | -$84.13M | -$26.14M | -$49.76M | -$21.57M | -$55.28M | -$46.63M | $39.71M |
| Net change in cash | $3.16M | -$18.09M | $2.87M | $28.27M | -$546.00K | -$48.82M | -$32.08M | $36.08M | -$38.36M | $52.92M |
| Stock-based compensation | $0 | $0 | -$426.00K | $75.00K | -$47.00K | -$48.00K | -$78.00K | $427.00K | $1.14M | $1.13M |
| Common dividends paid | $7.26M | $11.13M | Unavailable | $11.72M | $11.99M | $12.21M | $12.52M | $12.79M | $13.12M | $13.12M |
| Common share repurchases | Unavailable | Unavailable | $0 | $727.00K | Unavailable | Unavailable | $0 | $0 | $369.00K | $0 |
| Depreciation & amortization | $21.43M | $22.58M | $22.66M | $23.16M | $23.36M | $23.40M | $23.54M | $25.08M | $24.69M | $25.42M |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 17.9% | 19.0% | -7.3% | 20.8% | 10.0% | 17.0% | 2.2% | 47.4% | 6.5% | 19.4% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 0.0% | 0.0% | -0.3% | 0.1% | -0.0% | -0.0% | -0.0% | 0.3% | 0.6% | 0.5% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -4.5% | -3.2% | -4.5% | -3.3% | -4.5% | -1.5% | -2.4% | -7.1% | 0.5% | 1.8% |
| Net margin | 4.1% | 8.5% | -20.3% | 4.0% | -3.1% | 5.1% | -10.8% | 8.5% | -6.2% | 7.3% |
| 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 | 5.00x | Unavailable | 7.84x | 5.60x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 26.3% | 7.3% | Unavailable | -15.9% | Unavailable | 12.1% | Unavailable | -2.2% | Unavailable | 8.6% |
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
16 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.
balance equationreview2026-03-31
Difference 337918000 exceeds tolerance 1849497.000. Presentation or filing-vintage differences need review.
balance equationreview2025-12-31
Difference 365338000 exceeds tolerance 1861732.000. Presentation or filing-vintage differences need review.
balance equationreview2025-09-30
Difference 409100000 exceeds tolerance 2009316.000. Presentation or filing-vintage differences need review.
balance equationreview2025-06-30
Difference 421535000 exceeds tolerance 2064246.000. Presentation or filing-vintage differences need review.
balance equationreview2025-03-31
Difference 433790000 exceeds tolerance 2098029.000. 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 equationreview2024-09-30
Difference 460511000 exceeds tolerance 2177667.000. Presentation or filing-vintage differences need review.
balance equationreview2024-06-30
Difference 480842000 exceeds tolerance 2211715.000. Presentation or filing-vintage differences need review.
balance equationreview2024-03-31
Difference 484381000 exceeds tolerance 2281432.000. 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 equationreview2023-09-30
Difference 490762000 exceeds tolerance 2267627.000. Presentation or filing-vintage differences need review.