Belpointe PREP, LLC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 06/28/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $9.2M | $2.7M | $2.3M | $1.4M | — |
| Operating expenses | $47.3M | $26.9M | $16.6M | $10.9M | — |
| Interest expense | — | — | — | $100,000 | — |
| Pretax income | -$40.1M | -$23.9M | -$14.4M | -$8.1M | — |
| Income tax expense | — | $1,000 | $1,000 | $112,000 | — |
| Net income | -$40.0M | -$23.9M | -$14.4M | -$7.7M | — |
| Balance Sheet | |||||
| Cash and equivalents | $24.3M | $24.7M | $20.1M | $143.5M | $87,000 |
| Total assets | $564.2M | $517.6M | $382.1M | $354.0M | — |
| Total liabilities | $289.0M | $213.5M | $57.1M | $21.3M | — |
| Total debt | $265.2M | $183.2M | $23.1M | — | — |
| Cash Flow Statement | |||||
| Cash from operations | -$25.2M | -$13.7M | -$6.9M | -$6.7M | — |
| Depreciation and amortization | $10.8M | $5.5M | $2.1M | $1.3M | — |
| Impairments | — | — | $4.1M | — | — |
Shares outstanding 4.0M · Free float 97.5%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.