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BRAEMAR HOTELS & RESORTS INC.

CIK: 1574085 SIC: 6798
$711.79M
Revenue
$-7.38M
Net Income
30.32%
Gross Margin
12.39%
Op. Margin
$92.43M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 11 of 11 annual reports available (2014 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
+ Total Revenue $711.79M $728.40M $739.34M $669.59M $427.54M $226.97M $487.61M $431.40M $414.06M $405.86M $349.55M $307.31M
Revenue Growth % -2.3% -1.5% 10.4% 56.6% 88.4% -53.5% 13.0% 4.2% 2.0% 16.1% 13.7% nan%
Cost of Revenue $495.99M $501.73M $501.16M $445.49M $287.03M $189.98M $323.61M $272.63M $271.60M $262.58M - -
+ Gross Profit $215.80M $226.67M $238.19M $224.10M $140.52M $37.00M $164.00M $158.77M $142.47M $143.28M - -
Gross Margin % 30.3% 31.1% 32.2% 33.5% 32.9% 16.3% 33.6% 36.8% 34.4% 35.3% nan% nan%
Operating Expenses $664.50M $687.82M $677.67M $601.19M $426.79M $316.97M $448.38M $381.31M $375.22M $358.72M $303.57M $263.56M
+ Operating Income $88.22M $128.75M $61.67M $68.39M $1.45M $-79.85M $64.40M $65.83M $38.84M $47.14M $45.98M $43.75M
Operating Margin % 12.4% 17.7% 8.3% 10.2% 0.3% -35.2% 13.2% 15.3% 9.4% 11.6% 13.2% 14.2%
Interest Expense $101.81M $108.12M $94.22M $52.17M $30.90M $45.10M $54.51M $49.65M $38.94M $40.88M $37.83M $39.03M
Interest Income $7.51M $7.13M $6.40M $2.68M $48.00K $176.00K $1.09M $1.60M $690.00K $167.00K $34.00K $27.00K
Income Before Tax $-12.37M $20.61M $-27.94M $23.39M $-31.59M $-129.08M $2.96M $5.02M $27.80M $25.89M $-4.43M $4.63M
Income Tax Expense $842.00K $842.00K $2.69M $4.04M $1.32M $-4.41M $1.76M $2.43M $-522.00K $1.57M $263.00K $1.10M
+ Net Income $-7.38M $-1.69M $-27.02M $17.76M $-26.66M $-105.26M $371.00K $1.32M $23.02M $19.32M $-6.71M $1.94M
Net Margin % -1.0% -0.2% -3.7% 2.7% -6.2% -46.4% 0.1% 0.3% 5.6% 4.8% -1.9% 0.6%
Basic EPS -0.87 -0.77 -1.13 -0.15 -0.76 -3.39 -0.32 -0.19 0.52 0.57 -0.34 0.08
Diluted EPS -0.87 -0.77 -1.13 -0.15 -0.76 -3.39 -0.32 -0.19 0.51 0.55 -0.34 0.07
Basic Shares Outstanding 68.2M 66.5M 66.0M 69.7M 52.7M 34.0M 32.3M 31.9M 30.5M 26.6M 25.9M 24.5M
Diluted Shares Outstanding 68.2M 66.5M 66.0M 69.7M 52.7M 34.0M 32.3M 31.9M 34.7M 31.2M 25.9M 33.3M
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
Cash & Cash Equivalents $135.47M $85.60M $261.54M $216.00M $78.61M $72.00M $182.58M $137.52M $126.79M $105.04M $171.44M
Accounts Receivable $31.75M $39.20M $51.45M $23.70M $13.56M $19.05M $12.74M $14.33M $18.19M $13.37M $12.38M
Inventory $4.66M $5.00M $5.24M $3.13M $2.55M $2.79M $1.86M $1.43M $1.48M $1.45M $696.00K
Property Plant & Equipment $1.78B $1.88B $1.88B $1.45B $1.42B $1.48B $1.30B $1.15B $1.01B $1.09B $990.30M
Intangible Assets $3.12M $3.50M $3.88M $4.26M $4.64M $5.02M $27.68M $22.55M $22.85M $23.16M $2.54M
Total Assets $2.14B $2.23B $2.40B $1.88B $1.67B $1.76B $1.64B $1.42B $1.26B $1.35B $1.23B
Long-term Debt $1.21B $1.16B $1.33B $1.17B $1.13B $1.06B $985.87M $820.96M $764.62M $835.59M $765.23M
Total Liabilities $1.41B $1.41B $1.57B $1.36B $1.28B $1.25B $1.09B $894.52M $828.06M $895.67M $805.51M
Common Stock $665.00K $666.00K $699.00K $653.00K $382.00K $329.00K $325.00K $321.00K $260.00K $285.00K $254.00K
Retained Earnings $-477.80M $-412.20M $-324.74M $-309.24M $-266.01M $-150.63M $-115.41M $-88.81M $-93.25M $-99.77M $-96.40M
Treasury Stock - - - - - - - - - - $16.13M
Total Stockholders Equity $240.73M $306.98M $410.11M $398.85M $276.26M $369.27M $397.48M $381.31M $308.80M $338.86M $278.90M
Total Liabilities & Equity $2.14B $2.23B $2.40B $1.88B $1.67B $1.76B $1.64B $1.42B $1.26B $1.35B $1.23B
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
Net Income $-7.38M $-1.69M $-27.02M $17.76M $-26.66M $-105.26M $371.00K $1.32M $23.02M $19.32M $-6.71M $1.94M
Depreciation & Amortization $93.46M $98.73M $93.27M $78.12M $73.76M $73.37M $70.11M $57.38M $52.26M $45.90M $43.82M $40.69M
Stock-based Compensation $-241.00K $2.61M $9.24M $11.29M $10.18M $7.89M $7.94M $7.00M $-1.33M $4.16M $3.85M $2.35M
Operating Cash Flow $92.43M $66.82M $84.71M $109.48M $63.95M $-50.29M $66.26M $70.73M $70.61M $57.09M $9.39M $54.85M
Capital Expenditure - - - $354.44M $17.61M - - - - - - -
Acquisitions - - - $354.44M $17.61M - $111.75M $184.96M $248.20M - $144.10M $172.11M
Purchases of Investments - - - - - - - $2.00M - - $16.62M -
Investing Cash Flow $63.48M $35.51M $-77.07M $-402.22M $-41.68M $-16.54M $-226.43M $-166.82M $-173.94M $100.28M $-183.25M $-212.76M
Debt Repayment $1.18B $184.10M $534.31M $68.50M $84.22M $47.82M $257.09M $400.55M $464.23M $73.27M $77.00M $8.18M
Stock Issued - - - - $102.46M $13.26M - - $66.44M - $3.10M $143.94M
Stock Repurchased - $369.00K $19.31M $7.41M $376.00K $263.00K $384.00K $323.00K $395.00K $39.23M $8.88M $15.45M
Dividends Paid $84.85M $51.56M $52.56M $20.76M $9.09M $16.15M $33.41M $30.33M $27.10M $16.88M $11.82M $6.40M
Financing Cash Flow $-307.27M $-83.77M $-156.84M $345.06M $127.95M $49.59M $32.06M $169.24M $124.03M $-135.62M $107.46M $185.57M
Net Change in Cash $-151.37M $18.55M $-149.19M $52.32M $150.22M $-17.23M $-128.10M $73.15M - $21.75M $-66.40M $27.66M
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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