AHT · XBRL financial data

Ashford Hospitality Trust financial statements, every fiscal year

The same tables from 6 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 years (AHT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	508	805	1,241	1,368	1,172	1,104
General and administrative	28	16	10	16	25	21
Operating income (loss)	(465)	(125)	76	130	259	116
Interest income	1	0	5	9	7	5
Interest expense	247	156	227	366	273	256
Other income (expense)	(17)	1	0	0	0	0
Income tax expense (benefit)	(1)	6	6	1	1	(0)
Net income (loss)	(544)	(267)	(140)	(178)	(60)	(180)
Earnings per share, basic‡ USD per share	(3,300.00)	(123.70)	(44.60)	(56.10)	(17.54)	(35.99)
Earnings per share, diluted‡ USD per share	(3,300.00)	(124.30)	(44.60)	(56.10)	(17.54)	(35.99)
Weighted average shares, basic‡ millions of shares	0	2	3	3	5	6
Weighted average shares, diluted‡ millions of shares	0	2	3	3	5	6

‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (June 2021); filings made before it reported them unadjusted.
‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (October 2024); filings made before it reported them unadjusted.

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	93	592	417	165	113	66
Inventory	2	3	4	4	4	4
Property and equipment, net	3,427	3,231	—	—	—	—
Right-of-use asset	45	45	44	44	44	44
Total assets	3,734	4,098	3,917	3,462	3,161	2,834
Total liabilities	3,995	4,078	4,044	3,687	3,373	3,207
Accumulated deficit	(2,093)	(2,383)	(2,534)	(2,729)	(2,812)	(3,028)
Total stockholders' equity	(284)	(3)	(150)	(346)	(419)	(626)
Total liabilities and equity	3,734	4,098	3,917	3,462	3,161	2,834
Common shares outstanding (cover page)‡ millions of shares	1	3	3	4	6	6

‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (June 2021); filings made before it reported them unadjusted.
‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (October 2024); filings made before it reported them unadjusted.

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(544)	(267)	(140)	(178)	(60)	(180)
Stock-based compensation	11	10	6	4	2	(1)
Depreciation and amortization	253	219	202	188	153	141
Net cash from operating activities	(150)	(144)	39	14	(24)	(16)
Net cash from investing activities	(8)	(34)	(70)	(90)	191	191
Proceeds from issuing common stock	32	563	0	1	9	0
Share repurchases	0	0	0	0	0	0
Dividends paid	29	19	12	15	20	24
Proceeds from long-term debt	88	378	2	135	64	560
Repayments of long-term debt	138	190	51	397	388	709
Net cash from financing activities	(74)	703	(102)	(172)	(259)	(179)
Net change in cash	(231)	524	(133)	(247)	(91)	(4)

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.