BHR · Braemar Hotels & Resorts 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 | $208.98M | - | $143.56M | $179.08M | $215.82M | - | $148.40M | $187.59M | $219.08M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $2.89M | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $169.36M | - | $154.72M | $161.18M | $179.08M | - | $166.28M | $175.41M | $176.61M | - |
| D&A | $22.58M | - | $23.16M | $23.36M | $23.39M | - | $25.08M | $24.69M | $25.42M | - |
| Operating Income | $39.62M | - | $29.81M | $17.89M | $36.74M | - | $70.33M | $12.18M | $42.47M | - |
| Interest Expense | $21.20M | - | $25.19M | $25.36M | $24.83M | - | $27.91M | $27.29M | $26.49M | - |
| Income Tax | $1.42M | - | ($648.0K) | ($345.0K) | $1.47M | - | ($864.0K) | ($114.0K) | $1.45M | - |
| Net Income | $17.70M | - | $5.74M | ($5.47M) | $11.00M | - | $12.60M | ($11.56M) | $15.93M | - |
| EPS - Basic | $0.07 | - | ($0.12) | ($0.24) | ($0.04) | - | ($0.02) | ($0.33) | $0.05 | - |
| EPS - Diluted | $0.07 | - | ($0.12) | ($0.24) | ($0.04) | - | ($0.02) | ($0.33) | $0.05 | - |
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 | $93.39M | $124.35M | $116.28M | $80.23M | $81.69M | $135.47M | $168.68M | $114.61M | $137.05M | $85.60M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $4.87M | $4.74M | $4.63M | $4.74M | $4.66M | $4.66M | $4.58M | $4.63M | $4.68M | $5.00M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.85B | $1.86B | $2.01B | $2.06B | $2.10B | $2.14B | $2.18B | $2.21B | $2.28B | $2.23B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $1.11B | $1.10B | $1.16B | $1.21B | $1.20B | $1.21B | $1.21B | $1.13B | $1.22B | $1.16B |
| Total Liabilities | $1.35B | $1.34B | $1.37B | $1.40B | $1.40B | $1.41B | $1.41B | $1.43B | $1.47B | $1.41B |
| Stockholders' Equity | $147.01M | $138.68M | $211.89M | $225.13M | $238.91M | $240.73M | $276.91M | $282.28M | $307.27M | $306.98M |
| Retained Earnings | ($561.57M) | ($568.50M) | ($515.84M) | ($502.44M) | ($482.57M) | ($477.80M) | ($442.16M) | ($437.30M) | ($412.01M) | ($412.20M) |
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 | $21.95M | - | - | - | $15.15M | - | - | - | $36.04M | - |
| Investing Cash Flow | ($11.88M) | - | - | - | ($14.20M) | - | - | - | ($22.83M) | - |
| Financing Cash Flow | ($28.16M) | - | - | - | ($49.76M) | - | - | - | $39.71M | - |
| 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 | 19.0% | - | 20.8% | 10.0% | 17.0% | - | 47.4% | 6.5% | 19.4% | - |
| EBITDA margin | 29.8% | - | 36.9% | 23.0% | 27.9% | - | 64.3% | 19.7% | 31.0% | - |
| Net margin | 8.5% | - | 4.0% | -3.1% | 5.1% | - | 8.5% | -6.2% | 7.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 1.4% | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 7.4% | - | -12.7% | - | 11.8% | - | -7.4% | - | 8.4% | - |
| Return on assets | 1.0% | - | 0.3% | -0.3% | 0.5% | - | 0.6% | -0.5% | 0.7% | - |
| Return on equity | 12.0% | - | 2.7% | -2.4% | 4.6% | - | 4.5% | -4.1% | 5.2% | - |
| Return on invested capital | 2.9% | - | 2.2% | 1.0% | 2.2% | - | 4.7% | 0.7% | 2.5% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 7.52 | 7.96 | 5.50 | 5.38 | 5.03 | 5.03 | 4.36 | 4.00 | 3.98 | 3.79 |
| Debt / Assets | 0.60 | 0.59 | 0.58 | 0.59 | 0.57 | 0.57 | 0.55 | 0.51 | 0.54 | 0.52 |
| Debt / EBITDA | 17.78 | - | 21.99 | 29.35 | 20.00 | - | 12.66 | 30.61 | 18.02 | - |
| Interest coverage | 1.9x | - | 1.2x | 0.7x | 1.5x | - | 2.5x | 0.4x | 1.6x | - |
| Equity multiplier | 12.58 | 13.42 | 9.48 | 9.17 | 8.78 | 8.87 | 7.86 | 7.84 | 7.42 | 7.25 |
| Liabilities / Assets | 0.73 | 0.72 | 0.68 | 0.68 | 0.67 | 0.66 | 0.65 | 0.65 | 0.64 | 0.63 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.07 | 0.09 | 0.10 | - | 0.07 | 0.08 | 0.10 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 33.7x | - | - | - | - | - | - | - | 40.0x | - |
| P / B | 1.6x | - | 0.9x | 0.7x | 0.7x | - | 0.7x | 0.6x | 1.7x | - |
| P / S | 1.1x | - | 1.3x | 0.9x | 0.8x | - | 1.4x | 0.9x | 2.5x | - |
| EV / EBITDA | 20.1x | - | 23.3x | 31.4x | 21.4x | - | 13.0x | 32.1x | 23.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -3.2% | - | -3.3% | -4.5% | -1.5% | - | -7.1% | 0.5% | 1.8% | - |
| Revenue CAGR (3y) | -1.0% | - | -3.8% | 0.8% | 10.1% | - | 8.5% | 24.5% | 23.1% | - |
| Revenue CAGR (5y) | 12.2% | - | 3.8% | 69.2% | - | - | - | - | 11.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 7.8% | - | -57.6% | 47.0% | -13.5% | - | 10703.2% | -30.0% | 12.3% | - |
| Net income growth (YoY) | 61.0% | - | -54.4% | 52.7% | -31.0% | - | - | -526.5% | -0.7% | - |
| EPS growth (YoY) | - | - | -500.0% | 27.3% | - | - | 96.0% | -65.0% | 0.0% | - |
| EPS CAGR (3y) | 11.9% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -38.5% | -42.4% | -23.5% | -20.2% | -22.2% | -21.6% | -18.7% | -25.0% | -21.5% | -25.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.41B totalHotel$704.01M · 50.0%
Occupancy$428.99M · 30.5%
Food And Beverage$179.54M · 12.8%
Hotel Other$95.49M · 6.8%
Geographic
$704.01M totalFL$124.76M · 17.7%
CA$99.71M · 14.2%
PR$86.91M · 12.3%
AZ$79.27M · 11.3%
VI$67.93M · 9.6%
DC$64.58M · 9.2%
Sold Properties$61.32M · 8.7%
CO$45.49M · 6.5%
IL$37.52M · 5.3%
PA$36.52M · 5.2%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Braemar Hotels & Resorts Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.15/share trailing 12 months · -25.0% YoY
| Ex-date | Per share |
|---|---|
| Dec 31, 2025 | $0.0500 |
| Sep 30, 2025 | $0.0500 |
| Jun 30, 2025 | $0.0500 |
| Mar 31, 2025 | $0.0500 |
| Dec 31, 2024 | $0.0500 |
| Sep 30, 2024 | $0.0500 |
| Jun 28, 2024 | $0.0500 |
| Mar 27, 2024 | $0.0500 |
| Dec 28, 2023 | $0.0500 |
| Sep 28, 2023 | $0.0500 |
| Jun 29, 2023 | $0.0500 |
| Mar 30, 2023 | $0.0500 |
| Dec 29, 2022 | $0.0500 |
| Sep 29, 2022 | $0.0100 |
| Jun 29, 2022 | $0.0100 |
| Mar 30, 2022 | $0.0100 |
| Dec 30, 2019 | $0.1600 |
| Sep 27, 2019 | $0.1584 |
| Jun 27, 2019 | $0.1584 |
| Mar 28, 2019 | $0.1584 |
| Dec 28, 2018 | $0.1584 |
| Sep 27, 2018 | $0.1584 |
| Jun 28, 2018 | $0.1584 |
| Mar 28, 2018 | $0.1584 |