Belpointe PREP, LLC Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	18.99	9.19	2.68	2.25	1.39	1
Total Revenue	18.99	9.19	2.68	2.25	1.39	1
Revenue Growth (YoY	163.17%	243.44%	18.68%	62.04%	39.52%	804.87%
Property Expenses	19.51	14.97	6.84	4.18	3.81	1.14
Selling, General & Administrative	6.5	6.17	5.11	6.34	5.8	2.92
Depreciation & Amortization	12.31	8.71	4.22	2.07	1.29	0.59
Total Operating Expenses	38.33	29.84	16.17	12.58	10.9	4.65
Operating Income	-19.34	-20.65	-13.49	-10.33	-9.51	-3.66
Interest Expense	-21.87	-17.44	-10.01	-	-	-
Interest & Investment Income	0.83	1.03	0.65	0.11	1.85	0.37
Other Non-Operating Income	0.05	-0.05	-0.23	-0.09	-0.47	-0.01
EBT Excluding Unusual Items	-40.32	-37.11	-23.08	-10.3	-8.13	-3.29
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.25
Asset Writedown	-	-	-0.78	-4.06	-	-
Other Unusual Items	-	-2.96	-	-	-	-
Pretax Income	-40.32	-40.07	-23.86	-14.36	-8.13	-3.04
Income Tax Expense	-	-	0	0	0.11	-
Earnings From Continuing Operations	-40.32	-40.07	-23.86	-14.36	-8.24	-3.04
Minority Interest in Earnings	0.04	0.03	-	0.01	0.56	-0.09
Net Income	-40.28	-40.05	-23.86	-14.35	-7.68	-3.14
Net Income to Common	-40.28	-40.05	-23.86	-14.35	-7.68	-3.14
Net Income Growth	-	-	-	-	-	-
Basic Shares Outstanding	4	4	4	4	4	3
Diluted Shares Outstanding	4	4	4	4	4	3
Shares Change	4.37%	4.58%	1.12%	2.73%	4.06%	-
EPS (Basic)	-9.92	-10.17	-6.34	-3.86	-2.12	-0.90
EPS (Diluted)	-9.92	-10.17	-6.34	-3.86	-2.12	-0.90
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Margin	-101.81%	-224.80%	-504.30%	-458.16%	-683.47%	-366.60%
Profit Margin	-212.07%	-435.90%	-891.81%	-636.69%	-552.34%	-314.44%
EBITDA	-4.46	-9.87	-7.98	-9.08	-8.45	-3.18
EBITDA Margin	-23.48%	-107.47%	-298.24%	-	-	-
D&A For Ebitda	14.88	10.78	5.51	1.25	1.06	0.48
EBIT	-19.34	-20.65	-13.49	-10.33	-9.51	-3.66
EBIT Margin	-101.81%	-224.80%	-	-	-	-
Revenue as Reported	18.99	9.19	2.68	2.25	1.39	1

SEC Filings: 10-K · 10-Q