Belpointe PREP, LLC
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-9.2M | $-10.7M | $-11.7M | $-12.1M | $-7.6M | $-8.6M | $-8.2M | $-6.9M |
| Depreciation & Amortization | $3.1M | $3.8M | $4.7M | $1.9M | $1.9M | $2.4M | $3.0M | $1.5M |
| Depreciation | $3.0M | $3.0M | $3.1M | $1.8M | $1.8M | $1.8M | $1.8M | $1.4M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $-3.9M | $-6.1M | $-10.2M | $-6.0M | $-2.4M | $-6.6M | $-5.0M | $-3.3M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.0M | $-15.3M | $-5.9M | $-11.8M | $-23.6M | $-20.6M | $-27.3M | $-31.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $3.7M | $16.0M | $9.0M | $23.9M | $28.2M | $25.9M | $33.6M | $27.1M |
| Net Change in Cash | $-1.2M | $-5.4M | $-7.1M | $6.1M | $2.2M | $-1.3M | $1.3M | $-7.7M |
| Free Cash Flow | — | — | — | — | — | — | — | — |