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Financials · BHM

Bluerock Homes Trust Inc. (BHM) financials

For the twelve months ended Jun 30, 2026, Bluerock Homes Trust Inc. reported $74.55M of revenue and -$13.46M of net income.

Revenue, TTM
$74.55M
Revenue growth, YoY
+24.8%
Net income, TTM
-$13.46M
Net margin
-18.1%
Free cash flow, TTM
-$10.47M
EPS, diluted, TTM
-$3.49
Cash
$172.11M
Total debt
$421.92M
P/S
0.40
Market cap
$29.8M
Annual revenue$68.73M
FY2021FY2025
Annual net income-$11.49M
FY2021FY2025
Annual free cash flow$10.40M
FY2021FY2025

BHM revenue and earnings growth

BHM revenueQ2 2026$19.33M

Quarter YoY
+15.0%
QoQ
-1.9%
FY YoY
+36.9%

BHM revenue was $19.33M in fiscal Q2 2026 (ended Jun 30, 2026), up 15.0% from a year earlier and down 1.9% from the prior quarter. For the full fiscal 2025 it was $68.73M, up 36.9% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.

BHM net incomeQ2 2026-$3.54M

BHM net income was -$3.54M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.56M a year earlier. For the full fiscal 2025 it was -$11.49M, compared with -$4.23M in fiscal 2024.

BHM EPSQ2 2026-$0.90

BHM diluted EPS was -$0.90 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.66 a year earlier. For the full fiscal 2025 it was -$3.02, compared with -$1.10 in fiscal 2024.

BHM free cash flowQ2 2026-$2.49M

BHM free cash flow was -$2.49M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $8.98M a year earlier. For the full fiscal 2025 it was $10.40M, compared with -$253.0K in fiscal 2024. Fiscal 2025 is the highest of the 5 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue$68.73M$50.21M$41.09M$34.14M$14.63M
Selling, general and admin$11.25M$10.59M$8.00M$7.10M$4.57M
Operating income----$9.95M$389.0K
Interest expense$23.99M$18.09M$13.10M--
Pre-tax income-$30.97M-$12.09M-$15.90M-$6.24M$945.0K
Income tax$1.63M$0---
Net income-$11.49M-$4.23M-$4.50M-$1.00M$34.33M
EPS, basic--$1.10-$1.30-$0.26$8.93
EPS, diluted-$3.02-$1.10-$1.30-$0.26$8.93
Diluted shares3.9M3.9M3.8M3.8M3.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Cash and equivalents$169.56M$131.24M$86.38M$82.56M$136.93M
Total assets$1.15B$966.99M$671.62M$658.89M$541.46M
Long-term debt$428.39M$252.78M$96.67M$98.19M$63.01M
Total debt$428.39M$252.78M$96.67M$98.19M$63.01M
Total liabilities$462.56M$398.10M$192.75M$166.91M$79.49M
Shareholders' equity$128.74M$466.74M$470.60M$491.99M$461.97M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Operating cash flow$27.76M$9.06M$13.88M$3.50M$9.81M
Capital expenditures$17.36M$9.31M$9.53M$18.65M$1.70M
Free cash flow$10.40M-$253.0K$4.35M-$15.15M$8.11M
Investing cash flow-$169.45M-$224.92M-$25.72M-$177.18M$158.05M
Financing cash flow$204.90M$260.72M$15.66M$119.31M-$84.46M
Dividends paid$1.51M$3.88M---
Depreciation and amortization$31.69M$21.57M$19.27M$18.77M$9.83M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue growth, YoY36.9%22.2%20.4%133.4%-
Operating margin----29.1%2.7%
Net margin-16.7%-8.4%-11.0%-2.9%234.6%
Free cash flow margin15.1%-0.5%10.6%-44.4%55.4%
Return on equity-8.9%-0.9%-1.0%-0.2%7.4%
Return on assets-1.0%-0.4%-0.7%-0.2%6.3%
Debt to equity3.330.540.210.200.14

Source: XBRL data Bluerock Homes Trust Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BHM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BHM$74.55M+24.8%-$13.46M-18.1%$29.8M
WELL$13.79B+39.2%$1.67B12.1%$179.74B
PLD$8.95B+6.7%$3.71B41.5%$120.67B
EQIX$10.06B+11.1%$1.65B16.4%$100.25B
AMT$11.01B+5.3%$3.31B30.1%$87.55B
SPG$7.15B+16.2%$4.51B63.0%$73.91B
DLR$6.34B+12.6%$1.38B21.7%$65.90B
PSA$5.03B+5.2%$1.90B37.8%$63.05B
O$6.21B+10.8%$1.36B21.8%$56.15B

BHM FAQ

8 questions
  • What is BHM revenue?
    Bluerock Homes Trust Inc. (BHM) reported $74.55M of revenue for the twelve months ended Jun 30, 2026. That is up 24.8% from the year before. Revenue for fiscal 2025 was $68.73M.
  • Is BHM profitable?
    No. Bluerock Homes Trust Inc. reported a net loss of $13.46M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does BHM have?
    Bluerock Homes Trust Inc. reported $172.11M in cash and cash equivalents and $421.92M of debt on its most recent balance sheet in SEC filings.
  • How fast is BHM revenue growing?
    Bluerock Homes Trust Inc.'s revenue changed +36.9% in fiscal 2025, to $68.73M.
  • What is BHM free cash flow?
    Bluerock Homes Trust Inc. generated -$10.47M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $7.07M less capital expenditures.
  • What is BHM earnings per share?
    Diluted earnings per share were -$3.49 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BHM last report financial results?
    The latest statements here come from Bluerock Homes Trust Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this BHM financial data come from?
    Quantisnow builds these statements from the structured XBRL data Bluerock Homes Trust Inc. files with the SEC. It is provided for information only and is not investment advice.