ASHFORD HOSPITALITY TRUST INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.1B | $1.2B | $1.4B | $1.2B | $805.4M |
| Operating income | $116.4M | $259.2M | $130.4M | $76.3M | -$125.2M |
| Pretax income | -$188.3M | -$64.0M | -$179.8M | -$134.7M | -$265.1M |
| Income tax expense | -$143,000 | $997,000 | $900,000 | $6.3M | $5.9M |
| Net income | -$179.8M | -$60.3M | -$178.5M | -$139.8M | -$267.0M |
| Balance Sheet | |||||
| Cash and equivalents | $66.1M | $112.9M | $165.2M | $417.1M | $592.1M |
| Total assets | $2.8B | $3.2B | $3.5B | $3.9B | $4.1B |
| Total liabilities | $3.2B | $3.4B | $3.7B | $4.0B | $4.1B |
| Total debt | $2.6B | $2.7B | $3.0B | $3.8B | $3.9B |
| Stockholders' equity | -$626.4M | -$419.2M | -$345.9M | -$150.4M | -$2.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$15.7M | -$23.6M | $14.4M | $39.2M | -$144.2M |
| Depreciation and amortization | $141.3M | $152.8M | $187.8M | $201.8M | $218.9M |
| Stock-based compensation | $761,000 | $2.1M | $4.0M | $6.0M | $10.0M |
| Capital expenditure | $31.1M | $15.2M | $22.5M | $13.3M | $11.4M |
| Free cash flow | -$46.8M | -$38.8M | -$8.1M | $25.9M | -$155.6M |
| Dividends paid | $24.0M | $20.4M | $14.9M | $12.4M | $18.6M |
| Share repurchases | $44,000 | $49,000 | $90,000 | $316,000 | $46,000 |
| Impairments | $67.6M | $59.3M | $0 | $0 | $0 |
Shares outstanding 6.5M · Free float 36.7%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.