BRAEMAR HOTELS & RESORTS INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $704.0M | $728.4M | $739.3M | $669.6M | $427.5M | $227.0M | $487.6M | $431.4M |
| Cost of Revenue | — | — | — | — | — | — | $323.6M | $272.6M |
| Gross Profit | — | — | — | — | — | — | $164.0M | $158.8M |
| Gross Margin | — | — | — | — | — | — | 33.6% | 36.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $11.8M | $14.4M | $13.5M | $18.1M | $8.7M | $6.7M | $5.4M | $4.2M |
| Operating Income | $72.4M | $128.8M | $61.7M | $68.4M | $1.4M | $-79.9M | $64.4M | $65.8M |
| Operating Margin | 10.3% | 17.7% | 8.3% | 10.2% | 0.3% | -35.2% | 13.2% | 15.3% |
| Interest Expense | $98.5M | $108.1M | $94.2M | $52.2M | $30.9M | $45.1M | $54.5M | $49.7M |
| Pretax Income | $-26.4M | $20.6M | $-27.9M | $23.4M | $-31.6M | $-129.1M | $3.0M | $5.0M |
| Income Tax Expense | $2.0M | $842.0K | $2.7M | $4.0M | $1.3M | $-4.4M | $1.8M | $2.4M |
| Net Income | $-22.3M | $-1.7M | $-27.0M | $17.8M | $-26.7M | $-105.3M | $371.0K | $1.3M |
| Net Margin | -3.2% | -0.2% | -3.7% | 2.7% | -6.2% | -46.4% | 0.1% | 0.3% |
| EPS (Basic) | $-1.07 | $-0.77 | $-1.13 | $-0.15 | $-0.76 | $-3.39 | $-0.32 | $-0.19 |
| EPS (Diluted) | $-1.07 | $-0.77 | $-1.13 | $-0.15 | $-0.76 | $-3.39 | $-0.32 | $-0.19 |
| Shares Outstanding (Basic) | 67.6M | 66.5M | 66.0M | 69.7M | 52.7M | 34.0M | 32.3M | 31.9M |
| Shares Outstanding (Diluted) | 67.6M | 66.5M | 66.0M | 69.7M | 52.7M | 34.0M | 32.3M | 31.9M |
| Dividends Per Share | $0.20 | $0.20 | $0.20 | $0.08 | — | — | $0.64 | $0.64 |