Ashford Hospitality Trust, Inc.
Balance Sheet
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $72.5M | $78.0M | $66.1M | $81.9M | $100.0M | $85.8M | $112.9M | $119.7M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | $2.7M | $3.1M | $3.6M | $3.7M | $3.7M | $3.7M | $3.6M | $3.7M |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | — | — | — | — | — | — | — | — |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | $797.0K | — | — | $797.0K | $797.0K | $797.0K |
| Total Assets | $2.33B | $2.61B | $2.83B | $3.01B | $3.06B | $3.08B | $3.16B | $3.27B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | $1.91B | $2.29B | $2.50B | $2.61B | $2.64B | $2.65B | $2.63B | $2.73B |
| Total Liabilities | $2.64B | $3.04B | $3.21B | $3.31B | $3.31B | $3.30B | $3.37B | $3.36B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-2.97B | $-3.10B | $-3.03B | $-2.95B | $-2.88B | $-2.84B | $-2.81B | $-2.68B |
| Total Stockholders' Equity | $-570.9M | $-695.2M | $-626.4M | $-548.7M | $-485.5M | $-446.1M | $-419.2M | $-288.4M |