CaliberCos (CWD) Q3 2025 Earnings Call Transcript

Caliber (CWD) reported Q2 2026 earnings, with platform revenue down 10% YoY but adjusted EBITDA turning positive. The company completed its first fund tokenization and plans to expand this program. Managed capital grew to $495M, and the company reaffirmed its full-year guidance. Caliber holds 229,203 LINK tokens, valued at $1.7M, and sold 278,357 LINK tokens for $2.5M, redeploying the proceeds into its real estate platform.

CaliberCos Inc. (CWD) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Caliber Reports Second Quarter 2026 Financial Results 2026 Full-Year Guidance Reaffirmed; Completion of First Tokenization of Asset SCOTTSDALE, Ariz., August 13, 2026. Caliber (Nasdaq: CWD), a real estate focused alternative asset manager, today reported results for

CaliberCos Inc. (NASDAQ:CWD) shares fell 25.20% to $0.92 in after-hours after a pre-market announcement. According to Benzinga Pro, CWD rose 90.61% to $1.23 in the regular session following plans to expand real estate tokenization using Chainlink oracle infrastructure and its ACE compliance engine. CaliberCos also invested in LINK.

BioNTech (NASDAQ:BNTX) halted a mid-stage trial of its mRNA cancer vaccine, autogene cevumeran, due to an overall survival imbalance. The decision raises concerns about its mRNA strategy in colorectal cancer and other 'cold' tumors. BioNTech plans to continue other trials, including one for pancreatic cancer and BNT113 for head and neck cancer. The company also focuses on diversifying its oncology pipeline. According to Reuters, the news caused a 7.5% drop in BioNTech's US-listed shares.

Volkswagen (VW) plans to produce components for Israel's Iron Dome missile defense system at its Osnabrück, Germany factory. The move is part of VW's restructuring efforts amid economic challenges and competition. The project involves a joint venture with Israeli defense company Rafael and the German state of Lower Saxony, aiming to overcome opposition from Qatar's sovereign wealth fund, a VW stakeholder. This marks VW's return to defense-related manufacturing as European defense spending rises.

Piper Sandler raised its price target for ExxonMobil (XOM) to $185, citing strong fundamentals, cost savings, and growth in Guyana. XOM's Q2 earnings beat expectations, with high free cash flow and shareholder returns. However, risks include exposure to Middle East conflicts and potential crude price normalization. XOM's stock has risen 30% in 2026, with a 16% upside implied by the new target.