Braemar Hotels & Resorts Inc.
NYSE:BHR · New York Stock Exchange
+$0.01 today
Vol 1.43M · Avg 0.38M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:BHR · Revenue to Net Income
Key Ratios
Analysis
$697.2M of revenue converted into -$15.6M of net income for the selected period. Gross margin is 11.6% and net margin is -2.7%, showing how much revenue survives after costs and taxes. EPS is $-0.41, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $704.0M -3.3% | $728.4M -1.5% | $739.3M +10.4% | $669.6M +56.6% | $427.5M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $711.6M +23.8% | $574.7M +0.7% | $570.9M +13.0% | $505.1M +46.5% | $344.7M | $725.6M | $804.0M | $882.4M |
| Gross Profit | -$8.0M -105.2% | $153.7M -8.8% | $168.5M +2.4% | $164.5M +98.5% | $82.9M | $8.9B | $7.6B | $6.2B |
| Gross Margin | -1.1% -22.2pp | 21.1% -1.7pp | 22.8% -1.8pp | 24.6% +5.2pp | 19.4% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $11.7M -18.2% | $14.4M +6.2% | $13.5M -25.2% | $18.1M +107.5% | $8.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | -$51.1M -305.0% | $24.9M -76.7% | $106.8M +11.1% | $96.1M +18.0% | $81.4M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $92.6M -6.7% | $99.2M +5.8% | $93.7M +19.3% | $78.6M +5.8% | $74.3M | $374.2M | $1.2B | $631.8M |
| EBITDA | $165.1M -27.6% | $227.9M +42.4% | $160.0M +3.8% | $154.2M +109.5% | $73.6M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 23.5% -7.8pp | 31.3% +9.6pp | 21.6% -1.4pp | 23.0% +5.8pp | 17.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $43.1M -66.5% | $128.8M +108.8% | $61.7M -9.8% | $68.4M +4620.0% | $1.4M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 6.1% -11.6pp | 17.7% +9.3pp | 8.3% -1.9pp | 10.2% +9.9pp | 0.3% | 16.6% | 24.1% | 22.0% |
| Interest Income | $6.2M -12.5% | $7.1M +11.5% | $6.4M +139.1% | $2.7M +5477.1% | $48.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $88.4M -18.3% | $108.1M +14.8% | $94.2M +80.6% | $52.2M +68.8% | $30.9M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$69.5M +35.7% | -$108.1M -20.7% | -$89.6M -99.1% | -$45.0M -36.2% | -$33.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$26.4M -228.3% | $20.6M +173.7% | -$27.9M -219.4% | $23.4M +174.1% | -$31.6M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -3.8% -6.6pp | 2.8% +6.6pp | -3.8% -7.3pp | 3.5% +10.9pp | -7.4% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $2.0M +135.0% | $842.0K -68.7% | $2.7M -33.5% | $4.0M +205.4% | $1.3M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$22.3M -1218.3% | -$1.7M +93.7% | -$27.0M -252.1% | $17.8M +166.6% | -$26.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | -3.2% -2.9pp | -0.2% +3.4pp | -3.7% -6.3pp | 2.7% +8.9pp | -6.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$0 +53.2% | -$1 +31.9% | -$1 -653.3% | -$0 +75.8% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$0 +53.2% | -$1 +31.9% | -$1 -653.3% | -$0 +75.8% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $67.6M +1.7% | $66.5M +0.8% | $66.0M -5.3% | $69.7M +32.3% | $52.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $67.6M +1.7% | $66.5M +0.8% | $66.0M -5.3% | $69.7M +32.3% | $52.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
RE/MAX Holdings, Inc.
NYSE:RMAX
$200.05M
Comstock Inc.
AMEX:LODE
$176.84M
Orion Properties Inc.
NYSE:ONL
$161.68M
Seritage Growth Properties
NYSE:SRG
$149.54M
Seven Hills Realty Trust
NASDAQ:SEVN
$140.79M
ACRES Commercial Realty Corp.
NYSE:ACR
$115.00M
Altisource Portfolio Solutions S.A.
NASDAQ:ASPS
$75.57M
Franklin Street Properties Corp.
AMEX:FSP
$62.55M
Murano Global Investments PLC Ordinary Shares
MRNO
$23.12M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does BHR generate?
Braemar Hotels & Resorts Inc. (BHR) reported $704.01M of revenue in fiscal 2025.
Is BHR profitable?
Braemar Hotels & Resorts Inc. (BHR) reported -$22,318,000.00 of net income, with a net margin of -3.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.