Belpointe PREP, LLC
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $9.2M | $2.7M | $2.3M | $1.4M | $997,000 |
| Operating expenses | $47.3M | $26.9M | $16.6M | $10.9M | $4.7M |
| Cash from operations | -$25.2M | -$13.7M | -$6.9M | -$6.7M | -$2.3M |
| Impairments | — | — | $4.1M | — | — |
| Total assets | $564.2M | $517.6M | $382.1M | $354.0M | $341.4M |
| Total liabilities | $289.0M | $213.5M | $57.1M | $21.3M | $17.6M |
| Total debt | $265.2M | $183.2M | $23.1M | — | $100,000 |
Shares outstanding 4.0M · Free float 97.5%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.