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Braemar Hotels & Resorts Inc.

CIK: 1574085 SIC: 6798
$704.01M
Revenue
$-22.32M
Net Income
30.09%
Gross Margin
10.28%
Op. Margin
$94.12M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 12 annual reports available (2014 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $704.01M $704.01M $728.40M $739.34M $669.59M $427.54M
Revenue Growth % 0.0% -3.3% -1.5% 10.4% 56.6% nan%
Cost of Revenue $492.19M $492.19M $501.73M $501.16M $445.49M $287.03M
+ Gross Profit $211.83M $211.83M $226.67M $238.19M $224.10M $140.52M
Gross Margin % 30.1% 30.1% 31.1% 32.2% 33.5% 32.9%
Operating Expenses $714.45M $714.45M $687.82M $677.67M $601.19M $426.79M
+ Operating Income $72.36M $72.36M $128.75M $61.67M $68.39M $1.45M
Operating Margin % 10.3% 10.3% 17.7% 8.3% 10.2% 0.3%
Interest Expense $98.54M $98.54M $108.12M $94.22M $52.17M $30.90M
Interest Income $6.25M $6.25M $7.13M $6.40M $2.68M $48.00K
Income Before Tax $-26.43M $-26.43M $20.61M $-27.94M $23.39M $-31.59M
Income Tax Expense $1.98M $1.98M $842.00K $2.69M $4.04M $1.32M
+ Net Income $-22.32M $-22.32M $-1.69M $-27.02M $17.76M $-26.66M
Net Margin % -3.2% -3.2% -0.2% -3.7% 2.7% -6.2%
Basic EPS nan -1.07 -0.77 -1.13 -0.15 -0.76
Diluted EPS nan -1.07 -0.77 -1.13 -0.15 -0.76
Basic Shares Outstanding 202K 67.6M 66.5M 66.0M 69.7M 52.7M
Diluted Shares Outstanding 202K 67.6M 66.5M 66.0M 69.7M 52.7M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $124.35M $135.47M $85.60M $261.54M $216.00M
Accounts Receivable $32.84M $31.75M $39.20M $51.45M $23.70M
Inventory $4.74M $4.66M $5.00M $5.24M $3.13M
Property Plant & Equipment $1.56B $1.78B $1.88B $1.88B $1.45B
Intangible Assets $2.75M $3.12M $3.50M $3.88M $4.26M
Total Assets $1.86B $2.14B $2.23B $2.40B $1.88B
Deferred Revenue $59.40M $58.70M - - -
Long-term Debt $1.10B $1.21B $1.16B $1.33B $1.17B
Total Liabilities $1.34B $1.41B $1.41B $1.57B $1.36B
Common Stock $682.00K $665.00K $666.00K $699.00K $653.00K
Retained Earnings $-568.50M $-477.80M $-412.20M $-324.74M $-309.24M
Total Stockholders Equity $138.68M $240.73M $306.98M $410.11M $398.85M
Total Liabilities & Equity $1.86B $2.14B $2.23B $2.40B $1.88B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $-22.32M $-22.32M $-1.69M $-27.02M $17.76M $-26.66M
Depreciation & Amortization $92.58M $92.58M $98.73M $93.27M $78.12M $73.76M
Stock-based Compensation $-589.00K $-446.00K $2.61M $9.24M $11.29M $10.18M
Deferred Income Tax - $1.06M $-96.00K $1.33M - -
Operating Cash Flow $94.12M $40.78M $66.82M $84.71M $109.48M $63.95M
Capital Expenditure - - - - $354.44M $17.61M
Acquisitions - - - - $354.44M $17.61M
Investing Cash Flow $183.77M $209.63M $35.51M $-77.07M $-402.22M $-41.68M
Debt Repayment $1.25B $518.28M $184.10M $534.31M $68.50M $84.22M
Stock Issued - - - - - $102.46M
Stock Repurchased - $778.00K $369.00K $19.31M $7.41M $376.00K
Dividends Paid $83.75M $47.34M $51.56M $52.56M $20.76M $9.09M
Financing Cash Flow $-394.30M $-268.63M $-83.77M $-156.84M $345.06M $127.95M
Net Change in Cash $-116.41M $-18.22M $18.55M $-149.19M $52.32M $150.22M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $143.56M $148.40M $538.45M $555.06M
Cost of Revenue $111.62M $113.72M $372.37M $378.11M
Operating Expenses $154.72M $166.28M $494.98M $518.30M
Operating Income $29.81M $70.33M $84.44M $124.97M
Interest Expense $25.19M $27.91M $75.38M $81.69M
Interest Income $1.49M $2.66M $4.90M $4.53M
Income Before Tax $4.08M $38.97M $9.03M $42.00M
Income Tax Expense $-648.00K $-864.00K $474.00K $474.00K
Net Income $5.74M $12.60M $11.27M $16.96M
Basic EPS -0.12 -0.02 -0.40 -0.30
Diluted EPS -0.12 -0.02 -0.40 -0.30
Basic Shares Outstanding $68.22M $66.52M $67.42M $66.49M
Diluted Shares Outstanding $68.22M $66.52M $67.42M $66.49M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $116.28M $135.47M
Accounts Receivable $32.82M $31.75M
Inventory $4.63M $4.66M
Property Plant & Equipment $1.68B $1.78B
Intangible Assets $2.84M $3.12M
Total Assets $2.01B $2.14B
Long-term Debt $1.16B $1.21B
Total Liabilities $1.37B $1.41B
Common Stock $682.00K $665.00K
Retained Earnings $-515.84M $-477.80M
Total Stockholders Equity $211.89M $240.73M
Total Liabilities & Equity $2.01B $2.14B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $5.74M $12.60M $11.27M $16.96M
Depreciation & Amortization $23.16M $25.08M $69.92M $75.19M
Stock-based Compensation - - $-20.00K $2.69M
Operating Cash Flow - - $32.44M $60.16M
Investing Cash Flow - - $106.50M $52.67M
Debt Repayment - - $453.55M $184.10M
Stock Repurchased - - $778.00K $369.00K
Dividends Paid - - $35.92M $39.04M
Financing Cash Flow - - $-160.03M $-62.20M
Net Change in Cash - - $-21.10M $50.63M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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