Braemar Hotels & Resorts Inc. (BHR) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	689.1M	704.0M	728.4M	739.3M	669.6M
Cost of Revenue	647.8M	711.6M	574.7M	570.9M	505.1M
Gross Profit	41.3M	(8.0M)	153.7M	168.5M	164.5M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	13.2M	11.7M	14.4M	13.5M	18.1M
General & Admin Expense	13.2M	11.7M	14.4M	13.5M	18.1M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	(55.3M)	(63.0M)	10.6M	93.3M	78.0M
Total Operating Expenses	(42.0M)	(51.1M)	24.9M	106.8M	96.1M
Cost and Expenses	605.7M	660.9M	599.7M	677.7M	601.2M
Operating Income (EBIT)	83.4M	43.1M	128.8M	61.7M	68.4M
Non-Operating
Interest Income	4.4M	6.2M	7.1M	6.4M	2.7M
Interest Expense	87.4M	88.4M	108.1M	94.2M	52.2M
Net Interest Income	(83.0M)	(82.1M)	(101.0M)	(87.8M)	(49.5M)
Other Non-Op Income/Expense	(85.9M)	(69.5M)	(108.1M)	(89.6M)	(45.0M)
Non-Operating Income (excl Interest)	(4.2M)	(29.0M)	21.0K	(4.6M)	(7.2M)
EBT (Pre-Tax Income)	(2.5M)	(26.4M)	20.6M	(27.9M)	23.4M
Income Tax Expense	4.8M	2.0M	842.0K	2.7M	4.0M
Bottom Line
Net Income	(3.1M)	(22.3M)	(1.7M)	(27.0M)	17.8M
Earnings from Cont. Ops	(7.3M)	(28.4M)	19.8M	(30.6M)	19.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(3.1M)	(22.3M)	(51.0M)	(74.3M)	(10.8M)
Per Share
Basic EPS	($0.21)	($0.36)	($0.77)	($1.13)	($0.15)
Diluted EPS	($0.18)	($0.36)	($0.77)	($1.13)	($0.15)
Revenue Per Share	$10.03	$10.41	$10.95	$11.20	$9.61
Shares
Basic Shares Outstanding	68.7M	67.6M	66.5M	66.0M	69.7M
Diluted Shares Outstanding	68.7M	67.6M	66.5M	66.0M	69.7M
Profitability Metrics
EBITDA	177.6M	165.1M	227.9M	160.0M	154.2M
D&A	90.0M	92.6M	99.2M	93.7M	78.6M
EBIT	87.5M	72.1M	128.7M	66.3M	75.6M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026