AHT · XBRL financial data

Ashford Hospitality Trust financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (AHT's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24†Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	343	320*	304	316	277	275*	277	302	266	259*	268	273
General and administrative	4	5*	8	7	5	4*	4	5	7	4*	2	1
Operating income (loss)	37	17*	152	136	20	(49)*	62	49	12	(7)*	13	196
Interest income	2	2*	2	2	2	1*	1	1	1	1*	1	1
Interest expense	99	96*	74	68	67	64*	67	71	63	56*	74	56
Other income (expense)	0	0*	0	0	0	0*	0	0	0	0*	3	0
Income tax expense (benefit)	0	(2)*	0	3	(0)	(2)*	0	0	0	(1)*	1	3
Net income (loss)	(64)	(29)*	72	50	(58)	(124)*	(20)	(30)	(60)	(69)*	(64)	128
Earnings per share, basic‡ USD per share	(19.90)	(8.40)*	17.40	10.20	(123.90)	—	(4.91)	(6.88)	(11.35)	—	(11.03)	18.73
Earnings per share, diluted‡ USD per share	(19.90)	(8.40)*	6.00	2.50	(123.90)	—	(4.91)	(6.88)	(11.35)	(11.07)*	(11.03)	1.62
Weighted average shares, basic‡ millions of shares	3	3*	4	4	1	—	6	6	6	6*	6	6
Weighted average shares, diluted‡ millions of shares	3	3*	12	19	1	—	6	6	6	6*	6	77

‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (October 2024); filings made before it reported them unadjusted.
† Share count changed about 1/9 in the period ending 2024-09-30, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (AHT's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24†Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	184	165	111	122	120	113	86	100	82	66	78	73
Inventory	4	4	4	4	4	4	4	4	4	4	3	3
Right-of-use asset	44	44	44	44	44	44	44	44	44	44	41	37
Total assets	3,719	3,462	3,539	3,346	3,269	3,161	3,082	3,059	3,008	2,834	2,605	2,334
Total liabilities	3,930	3,687	3,670	3,403	3,363	3,373	3,299	3,307	3,308	3,207	3,044	2,644
Accumulated deficit	(2,697)	(2,729)	(2,661)	(2,616)	(2,680)	(2,812)	(2,840)	(2,880)	(2,950)	(3,028)	(3,097)	(2,973)
Total stockholders' equity	(311)	(346)	(277)	(226)	(288)	(419)	(446)	(486)	(549)	(626)	(695)	(571)
Total liabilities and equity	3,719	3,462	3,539	3,346	3,269	3,161	3,082	3,059	3,008	2,834	2,605	2,334
Common shares outstanding (cover page)‡ millions of shares	3	4	4	5	1	6	6	6	6	6	6	6

‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (October 2024); filings made before it reported them unadjusted.
† Share count changed about 1/9 in the period ending 2024-09-30, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (AHT's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24†Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(64)	(29)*	72	50	(58)	(124)*	(20)	(30)	(60)	(69)*	(64)	128
Stock-based compensation	1*	(0)*	1	1*	0*	1*	(0)	0*	(1)*	(0)*	0	0*
Depreciation and amortization	46*	47*	41	37*	38*	37*	37	35*	35*	34*	32	29*
Net cash from operating activities	1*	(22)*	(46)	8*	1*	14*	(25)	16*	5*	(13)*	30	(7)*
Net cash from investing activities	(16)*	(24)*	(17)	250*	(21)*	(21)*	100	6*	27*	58*	197	359*
Proceeds from issuing common stock	0*	1*	2	6*	1*	(0)*	0	0*	0*	0*	—	—
Share repurchases	0*	0*	0	0*	0*	0*	0	0*	0*	0*	0	0*
Dividends paid	4*	4*	5	5*	5*	6*	6	6*	6*	6*	0	0*
Proceeds from long-term debt	2*	33*	0	28*	0*	36*	472	35*	53*	0*	0	0*
Repayments of long-term debt	85*	54*	22	294*	20*	52*	524	19*	93*	74*	218	360*
Net cash from financing activities	(49)*	0*	0	(260)*	8*	(7)*	(70)	8*	(40)*	(78)*	(222)	(360)*
Net change in cash	(65)*	(45)*	(63)	(2)*	(12)*	(13)*	5	31*	(7)*	(4)	5	(9)*

† Share count changed about 1/9 in the period ending 2024-09-30, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Ashford Hospitality Trust	73	273	(7.4)*	6.5M	9.8 quarters	Q2 FY26 10-QJun 30, 2026
Janus Living	338	268	112*	not reported	—	Q3 FY26 10-QSep 30, 2026
VirnetX Holding	13	0	(3.3)*	4.2M	4.2 quarters	Q2 FY26 10-QJun 30, 2026
Potlatchdeltic	89	314	66*	77.3M	—	Q3 FY25 10-QSep 30, 2025
Clipper Realty	38	not reported	14*	16.2M	—	Q2 FY26 10-QJun 30, 2026
Research Frontiers	1.1	0.1	(0.2)*	34.9M	5.7 quarters	Q2 FY26 10-QJun 30, 2026
Manhattan Bridge Capital	0.2	2.1	1.3*	11.3M	—	Q3 FY26 10-QSep 30, 2026
Empire State Realty OP	86	197	20*	not reported	—	Q2 FY26 10-QJun 30, 2026
Transcontinental Realty Investors	11	13	(2.4)*	8.8M	34.6 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.