ASHFORD HOSPITALITY TRUST, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.10B | $1.17B | $1.37B | $1.24B | $805.4M | $508.2M | $1.50B |
| Cost of Revenue | — | — | — | — | — | — | — | $952.7M |
| Gross Profit | — | — | — | — | — | — | — | $550.1M |
| Gross Margin | — | — | — | — | — | — | — | 36.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $20.8M | $24.7M | $16.2M | $9.9M | $16.2M | $28.0M | $11.1M |
| Operating Income | — | $116.4M | $259.2M | $130.4M | $76.3M | $-125.2M | $-465.4M | $114.7M |
| Operating Margin | — | 10.5% | 22.1% | 9.5% | 6.1% | -15.5% | -91.6% | 7.6% |
| Interest Expense | — | $256.2M | $273.4M | $327.0M | $207.9M | $156.1M | $247.4M | $262.0M |
| Pretax Income | — | $-188.3M | $-64.0M | $-179.8M | $-134.7M | $-265.1M | $-634.6M | $-141.5M |
| Income Tax Expense | — | $-143.0K | $997.0K | $900.0K | $6.3M | $5.9M | $-1.3M | $1.2M |
| Net Income | — | $-179.8M | $-60.3M | $-178.5M | $-139.8M | $-267.0M | $-543.9M | $-113.6M |
| Net Margin | — | -16.3% | -5.1% | -13.1% | -11.3% | -33.2% | -107.0% | -7.6% |
| EPS (Basic) | — | $-35.99 | $-17.54 | $-56.11 | $-44.61 | $-12.37 | $-23.57 | $-11.27 |
| EPS (Diluted) | — | $-35.99 | $-17.54 | $-56.11 | $-44.61 | $-12.43 | $-23.57 | $-11.27 |
| Shares Outstanding (Basic) | 6.5M | 6.0M | 4.7M | 3.5M | 3.4M | 21.6M | 22.1M | 14.0M |
| Shares Outstanding (Diluted) | 6.5M | 6.0M | 4.7M | 3.5M | 3.4M | 21.8M | 22.1M | 14.0M |
| Dividends Per Share | — | — | — | — | $3.00 | — | — | $2.14 |