BHM · Bluerock Homes 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 | $19.70M | - | $16.61M | $16.80M | $16.41M | - | $12.71M | $12.52M | $11.18M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.11M | - | $2.71M | $2.67M | $3.06M | - | $2.45M | $2.44M | $2.87M | - |
| Total Operating Expenses | $26.21M | - | $22.28M | $22.15M | $22.14M | - | $17.52M | $16.54M | $15.09M | - |
| D&A | $8.86M | - | $6.75M | $7.19M | $8.17M | - | $4.88M | $4.82M | $4.34M | - |
| Operating Income | ($10.22M) | - | ($9.56M) | ($5.20M) | ($3.17M) | - | - | - | - | - |
| Interest Expense | - | - | $5.68M | $5.63M | $3.51M | - | $5.25M | $1.82M | - | - |
| Income Tax | $76.0K | - | $400.0K | $626.0K | $346.0K | - | - | - | - | - |
| Net Income | ($3.43M) | - | ($3.61M) | ($2.48M) | ($2.53M) | - | $921.0K | ($1.63M) | ($1.02M) | - |
| EPS - Basic | ($0.90) | - | ($0.94) | ($0.66) | ($0.67) | - | $0.24 | ($0.42) | ($0.27) | - |
| EPS - Diluted | ($0.90) | - | ($0.94) | ($0.66) | ($0.67) | - | $0.24 | ($0.42) | ($0.27) | - |
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 | $170.10M | $169.56M | $162.73M | $127.60M | $134.75M | $115.21M | $155.13M | $115.98M | $92.25M | $80.16M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.14B | $1.15B | $1.09B | $991.18M | $964.37M | $966.99M | $800.83M | $756.18M | $727.44M | $671.62M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $416.81M | $428.39M | $393.89M | $338.62M | $251.46M | $252.78M | $122.53M | $119.66M | $120.20M | $96.67M |
| Total Liabilities | $448.40M | $462.56M | $452.66M | $371.69M | $364.40M | $398.10M | $245.36M | $239.77M | $238.18M | $192.75M |
| Stockholders' Equity | $124.84M | $128.74M | $131.72M | $135.31M | $137.11M | $139.08M | $142.94M | $142.53M | $144.48M | $147.35M |
| Retained Earnings | $3.26M | $7.20M | $10.58M | $14.69M | $17.68M | $20.71M | - | - | - | $24.94M |
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 | ($8.45M) | - | - | - | $951.0K | - | - | - | $1.11M | - |
| Investing Cash Flow | $6.38M | - | - | - | $18.98M | - | - | - | ($19.29M) | - |
| Financing Cash Flow | ($841.0K) | - | - | - | ($480.0K) | - | - | - | $30.92M | - |
| CapEx | $3.85M | - | - | - | $3.85M | - | - | - | $1.74M | - |
| Free Cash Flow | ($12.30M) | - | - | - | ($2.89M) | - | - | - | ($630.0K) | - |
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 | -51.9% | - | -57.6% | -30.9% | -19.3% | - | - | - | - | - |
| EBITDA margin | -6.9% | - | -16.9% | 11.8% | 30.5% | - | - | - | - | - |
| Net margin | -17.4% | - | -21.7% | -14.8% | -15.4% | - | 7.2% | -13.0% | -9.1% | - |
| Free cash flow margin | -62.4% | - | - | - | -17.6% | - | - | - | -5.6% | - |
| FCF / Net income | 3.58 | - | - | - | 1.14 | - | - | - | 0.62 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 15.8% | - | 16.3% | 15.9% | 18.6% | - | 19.3% | 19.5% | 25.7% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.3% | - | -0.3% | -0.3% | -0.3% | - | 0.1% | -0.2% | -0.1% | - |
| Return on equity | -2.7% | - | -2.7% | -1.8% | -1.8% | - | 0.6% | -1.1% | -0.7% | - |
| Return on invested capital | -1.5% | - | -1.4% | -0.9% | -0.6% | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 3.34 | 3.33 | 2.99 | 2.50 | 1.83 | 1.82 | 0.86 | 0.84 | 0.83 | 0.66 |
| Debt / Assets | 0.36 | 0.37 | 0.36 | 0.34 | 0.26 | 0.26 | 0.15 | 0.16 | 0.17 | 0.14 |
| Debt / EBITDA | - | - | - | 170.24 | 50.31 | - | - | - | - | - |
| Interest coverage | - | - | -1.7x | -0.9x | -0.9x | - | - | - | - | - |
| Equity multiplier | 9.16 | 8.97 | 8.30 | 7.33 | 7.03 | 6.95 | 5.60 | 5.31 | 5.04 | 4.56 |
| Liabilities / Assets | 0.39 | 0.40 | 0.41 | 0.38 | 0.38 | 0.41 | 0.31 | 0.32 | 0.33 | 0.29 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 62.3x | - | - | - |
| P / B | 0.4x | - | 0.4x | 0.4x | 0.3x | - | 0.4x | 0.5x | 0.5x | - |
| P / S | 2.2x | - | 2.8x | 2.9x | 2.7x | - | 4.6x | 5.4x | 5.8x | - |
| EV / EBITDA | - | - | - | 130.6x | 32.1x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 20.0% | - | 30.7% | 34.2% | 46.9% | - | 24.8% | 56.4% | 10.2% | - |
| Revenue CAGR (3y) | 24.8% | - | 24.2% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -222.4% | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | -35.7% | - | - | -52.2% | -147.9% | - | 220.9% | -1260.0% | 33.8% | - |
| EPS growth (YoY) | -34.3% | - | - | -57.1% | -148.1% | - | 200.0% | -366.7% | 32.5% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -325.1% | - | - | - | -359.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -9.0% | -7.4% | -7.8% | -5.1% | -5.1% | -5.6% | -7.8% | -9.3% | -8.7% | -7.9% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Bluerock Homes Trust against the 5 most active filers in the same SIC group.
Dividends
$0.50/share trailing 12 months · +300.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 25, 2026 | $0.1250 |
| Dec 24, 2025 | $0.1250 |
| Sep 25, 2025 | $0.1250 |
| Jun 25, 2025 | $0.1250 |
| Mar 25, 2025 | $0.1250 |
| Dec 28, 2023 | $1.0000 |