ASHFORD HOSPITALITY TRUST, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $128.0M | $-63.8M | — | $-60.1M | $-30.4M | $-20.0M | $-57.9M | $50.3M |
| Depreciation & Amortization | $28.6M | $32.0M | — | $34.6M | $35.3M | $37.3M | $37.7M | $37.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $28.0K | — | — | — | $-54.0K | — | — |
| Net Cash from Operating Activities | $-7.4M | $29.5M | — | $5.5M | $16.3M | $-25.0M | $795.0K | $8.0M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $197.1M | — | — | — | $99.5M | — | — |
| Financing Activities | ||||||||
| Dividends Paid | — | $0 | — | — | — | $5.6M | — | — |
| Stock Repurchases | — | $2.0K | — | — | — | $0 | — | — |
| Net Cash from Financing Activities | — | $-222.0M | — | — | — | $-70.0M | — | — |
| Net Change in Cash | — | $4.6M | $-4.1M | — | — | $4.5M | — | — |
| Free Cash Flow | — | — | — | — | — | — | — | — |