Belpointe PREP, LLC (OZ) Financial Statements
Industry: Real Estate
In fiscal 2025, Belpointe PREP reported revenue of $9.2M, up 243.4% from $2.7M the year before. Net income was -$40.0M (a -435.9% net margin), or -$10.72 per diluted share. Operating activities generated -$25.2M of cash. At fiscal year end, Belpointe PREP held $564.2M in total assets against $289.0M in total liabilities, including $24.3M of cash and equivalents.
Open the full interactive Belpointe PREP financials → Quarterly statements, key ratios, valuation history and price charts.
Belpointe PREP Key Stats
| Share Price | $38.02 |
|---|---|
| Market Cap | $148.4M |
| Revenue YoY Growth | +243.4% |
| 52-Week Range | $37.07 – $67.99 |
| Shares Outstanding | 3.9 million (basic, 2026 Q2) |
Belpointe PREP Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $997,000 | $1.4M | $2.3M | $2.7M | $9.2M |
| Pre-Tax Income | -$3.1M | -$8.1M | -$14.4M | -$23.9M | -$40.1M |
| Income Tax | — | $112,000 | $1,000 | $1,000 | -$25,000 |
| Net Income | -$3.1M | -$7.7M | -$14.4M | -$23.9M | -$40.0M |
| Diluted EPS | -$7.64 | — | -$4.04 | -$6.56 | -$10.72 |
Belpointe PREP Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.4M | $3.1M | $4.2M | $5.4M |
| Net Income | -$12.1M | -$11.7M | -$10.7M | -$9.2M |
| Diluted EPS | -$3.21 | -$3.12 | -$2.75 | -$2.37 |
Belpointe PREP Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $192.1M | $143.5M | $20.1M | $24.7M | $24.3M |
| Total Assets | $341.4M | $354.0M | $382.1M | $517.6M | $564.2M |
| Total Long-Term Debt | — | — | $19.7M | $177.0M | $260.6M |
| Total Liabilities | $17.6M | $21.3M | $57.1M | $213.5M | $289.0M |
| Shareholders' Equity | $323.9M | $332.7M | $325.1M | $304.1M | $275.2M |
Belpointe PREP Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$2.3M | -$6.7M | -$6.9M | -$13.7M | -$25.2M |
| Cash From Investing | -$43.4M | -$63.5M | -$145.1M | -$138.1M | -$62.0M |
| Cash From Financing | $231.4M | $22.8M | $30.7M | $157.0M | $87.0M |
Figures from Belpointe PREP's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Belpointe PREP financials page for every line item.
Belpointe PREP Company Profile
| Ticker | OZ |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate |
| Headquarters | Greenwich, Connecticut |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001807046 |
Frequently Asked Questions
What was Belpointe PREP's revenue in fiscal 2025?
Belpointe PREP (OZ) reported revenue of $9.2M for fiscal 2025.
What is Belpointe PREP's annual revenue history?
Belpointe PREP's annual revenue by fiscal year: 2021: $997,000; 2022: $1.4M; 2023: $2.3M; 2024: $2.7M; 2025: $9.2M.
What was Belpointe PREP's net income in fiscal 2025?
Belpointe PREP reported net income of -$40.0M for fiscal 2025.
What was Belpointe PREP's earnings per share (EPS) in fiscal 2025?
Belpointe PREP's diluted EPS was -$10.72 for fiscal 2025 (adjusted for any later stock splits).
What was Belpointe PREP's revenue last quarter?
In its most recent reported quarter (2026 Q2), Belpointe PREP reported revenue of $5.4M.
How much debt does Belpointe PREP have?
Belpointe PREP reported $260.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Belpointe PREP are outstanding?
Belpointe PREP reported a weighted average of 3.9 million basic shares outstanding in 2026 Q2.
What is Belpointe PREP's market cap?
Based on its latest closing price, Belpointe PREP (OZ) has a market capitalization of about $148.4M.
When does Belpointe PREP's fiscal year end?
Belpointe PREP's fiscal year end, as registered with the SEC, is December 31.
Where is Belpointe PREP headquartered?
Belpointe PREP lists its business address in Greenwich, Connecticut in its SEC filings.