AHT · Ashford Hospitality Trust Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $267.73M | - | $266.06M | $302.00M | $277.36M | - | $276.60M | $316.48M | $303.90M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.60M | - | $7.30M | $5.49M | $4.33M | - | $5.06M | $7.19M | $8.27M | - |
| Total Operating Expenses | $362.30M | - | $280.30M | $269.29M | $257.74M | - | $267.55M | $280.15M | $292.27M | - |
| D&A | $32.01M | - | $34.59M | $35.28M | $37.34M | - | $37.74M | $37.19M | $40.54M | - |
| Operating Income | $13.25M | - | $12.22M | $49.30M | $61.53M | - | $20.17M | $135.50M | $152.49M | - |
| Interest Expense | $73.55M | - | $62.88M | $70.69M | $66.80M | - | $66.83M | $68.42M | $73.96M | - |
| Income Tax | $752.0K | - | $259.0K | $119.0K | $317.0K | - | ($445.0K) | $3.46M | $303.0K | - |
| Net Income | ($63.77M) | - | ($60.15M) | ($30.40M) | ($19.97M) | - | ($57.91M) | $50.25M | $71.56M | - |
| EPS - Basic | ($11.03) | - | ($11.35) | ($6.88) | ($4.91) | - | ($12.39) | $1.02 | $1.74 | - |
| EPS - Diluted | ($11.03) | - | ($11.35) | ($6.88) | ($4.91) | - | ($12.39) | $0.25 | $0.60 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $78.04M | $66.14M | $81.90M | $99.97M | $85.79M | $112.91M | $119.66M | $121.77M | $111.06M | $165.23M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $3.11M | $3.60M | $3.75M | $3.69M | $3.68M | $3.63M | $3.68M | $3.61M | $3.75M | $3.68M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.61B | $2.83B | $3.01B | $3.06B | $3.08B | $3.16B | $3.27B | $3.35B | $3.54B | $3.46B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $2.29B | $2.53B | $2.61B | $2.64B | $2.65B | $2.63B | $2.73B | $2.76B | $2.93B | $3.40B |
| Total Liabilities | $3.04B | $3.21B | $3.31B | $3.31B | $3.30B | $3.37B | $3.36B | $3.40B | $3.67B | $3.69B |
| Stockholders' Equity | ($695.16M) | ($626.35M) | ($548.74M) | ($485.52M) | ($446.11M) | ($419.24M) | ($288.37M) | ($225.87M) | ($276.80M) | ($345.90M) |
| Retained Earnings | ($3.10B) | ($3.03B) | ($2.95B) | ($2.88B) | ($2.84B) | ($2.81B) | ($2.68B) | ($2.62B) | ($2.66B) | ($2.73B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.52M | - | - | - | ($24.99M) | - | - | - | ($46.45M) | - |
| Investing Cash Flow | $197.13M | - | - | - | $99.50M | - | - | - | ($16.81M) | - |
| Financing Cash Flow | ($222.04M) | - | - | - | ($70.01M) | - | - | - | $133.0K | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 4.9% | - | 4.6% | 16.3% | 22.2% | - | 7.3% | 42.8% | 50.2% | - |
| EBITDA margin | 16.9% | - | 17.6% | 28.0% | 35.6% | - | 20.9% | 54.6% | 63.5% | - |
| Net margin | -23.8% | - | -22.6% | -10.1% | -7.2% | - | -20.9% | 15.9% | 23.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 0.6% | - | 2.7% | 1.8% | 1.6% | - | 1.8% | 2.3% | 2.7% | - |
| Effective tax rate | - | - | - | - | - | - | - | 6.4% | 0.4% | - |
| Return on assets | -2.4% | - | -2.0% | -1.0% | -0.6% | - | -1.8% | 1.5% | 2.0% | - |
| Return on equity | 9.2% | - | 11.0% | 6.3% | 4.5% | - | 20.1% | -22.2% | -25.9% | - |
| Return on invested capital | 0.7% | - | 0.5% | 1.8% | 2.2% | - | 0.7% | 5.0% | 5.7% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | -3.29 | -4.03 | -4.76 | -5.45 | -5.94 | -6.27 | -9.48 | -12.21 | -10.60 | -9.82 |
| Debt / Assets | 0.88 | 0.89 | 0.87 | 0.86 | 0.86 | 0.83 | 0.84 | 0.82 | 0.83 | 0.98 |
| Debt / EBITDA | 50.54 | - | 55.77 | 31.27 | 26.81 | - | 47.22 | 15.97 | 15.20 | - |
| Interest coverage | 0.2x | - | 0.2x | 0.7x | 0.9x | - | 0.3x | 2.0x | 2.1x | - |
| Equity multiplier | -3.75 | -4.52 | -5.48 | -6.30 | -6.91 | -7.54 | -11.34 | -14.82 | -12.79 | -10.01 |
| Liabilities / Assets | 1.17 | 1.13 | 1.10 | 1.08 | 1.07 | 1.07 | 1.03 | 1.02 | 1.04 | 1.06 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | - | 0.09 | 0.10 | 0.09 | - | 0.08 | 0.09 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -3.5% | - | -3.8% | -4.6% | -8.7% | - | -19.4% | -15.8% | -7.6% | - |
| Revenue CAGR (3y) | -6.6% | - | -6.8% | -4.6% | 3.9% | - | 3.8% | 17.8% | 37.9% | - |
| Revenue CAGR (5y) | 18.2% | - | 23.4% | 47.6% | -0.3% | - | -5.9% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -78.5% | - | -39.4% | -63.6% | -59.6% | - | -45.8% | 156.5% | 542.0% | - |
| Net income growth (YoY) | -219.3% | - | -3.9% | - | - | - | 8.9% | - | - | - |
| EPS growth (YoY) | -124.6% | - | 8.4% | - | - | - | -522.6% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -55.8% | -49.4% | -90.3% | -115.0% | -61.2% | -21.2% | 7.3% | 7.1% | -29.1% | -130.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$2.21B totalHotel$1.10B · 50.0%
Occupancy$825.62M · 37.4%
Food And Beverage$207.59M · 9.4%
Hotel Other$69.64M · 3.2%
Product And Service Other$1.53M · 0.1%
Geographic
$1.10B totalOther Areas$279.13M · 25.3%
Washington DCMDVAArea$161.69M · 14.6%
Los Angeles CAMetro Area$95.18M · 8.6%
Nashville TNArea$94.92M · 8.6%
Dallas Ft.Worth Area$81.62M · 7.4%
Atlanta GAArea$77.67M · 7.0%
New York New Jersey Metro Area$59.71M · 5.4%
San Francisco Oakland CAMetro Area$46.50M · 4.2%
Tampa FLArea$38.29M · 3.5%
Miami FLMetro Area$38.25M · 3.5%
Houston TXArea$28.60M · 2.6%
Sold Properties$27.11M · 2.5%
Orlando FLArea$25.51M · 2.3%
Minneapolis St.Paul MNWIArea$19.35M · 1.8%
San Diego CAArea$15.27M · 1.4%
Philadelphia PAArea$14.04M · 1.3%
Corporate Area$1.53M · 0.1%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing ASHFORD HOSPITALITY TRUST INC against the 5 most active filers in the same SIC group.