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Braemar Hotels & Resorts BHR Business Segments — Direct expenses

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Other financials

Income statement

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Revenue$209.0M-3.2%
Gross profit$79.1M-1.2%
Operating income$39.6M+7.8%
Net income$17.7M+61.0%
EPS (diluted)$0.07+275%

Balance sheet

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Cash & equivalents$148.7M+9.2%
Total debt$1.1B-7.9%
Total equity$147.0M-38.5%
Total assets$1.8B-11.8%

Cash flow

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Operating cash flow$21.9M+44.9%
CapEx$12.1M-21.1%
Free cash flow$9.9M+6,313%

Valuation

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Market cap$156.59M-11.9%
Enterprise value$1.13B-10.9%
P/S0.2×0.0×

Profitability

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Gross margin30.2%-0.6pp
Operating margin12.4%-5.5pp
Net margin-2.2%-7.2pp
FCF margin-3.9%+8.7pp

Returns & leverage

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Return on equity-8.1%-14.1pp
Debt / equity7.7×+2.5×

Where this comes from

Reported directly by Braemar Hotels & Resorts in its filing.

Tagged under the XBRL concept bhr:DirectlyAttributableExpenses.

The official record: Braemar Hotels & Resorts’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Braemar Hotels & Resorts's business segments — direct expenses?
Braemar Hotels & Resorts (BHR) reported business segments — direct expenses of $10.01M in Q1 2026.
How has Braemar Hotels & Resorts's business segments — direct expenses changed year-over-year?
Braemar Hotels & Resorts's business segments — direct expenses increased by 5.8% year-over-year, from $9.46M to $10.01M.
What is the long-term trend for Braemar Hotels & Resorts's business segments — direct expenses?
Over 3 years (2022 to 2025), Braemar Hotels & Resorts's business segments — direct expenses has grown at a 4.9% compound annual growth rate (CAGR), from $28.84M to $33.26M.
What does business segments — direct expenses mean?
Represents the core operational costs directly attributable to the management and maintenance of hotel properties within the investment portfolio. These expenses exclude overhead and administrative costs, focusing on the essential expenditures required to maintain daily hotel operations.