Growth & profitability
- Revenue has grown 146.5% per year over the past 5 years.
Financial health
- Total debt ($261M) exceeds cash ($24M); net debt is $236M.
- Total debt has grown faster than revenue (231.8% vs 146.5% per year).
OZ Financials Belpointe PREP, LLC
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $9M | -$40M | 0.0% | 0.0% | — | -7.1% | — | $261M | $24M |
| 2024 | $3M | -$24M | 0.0% | 0.0% | — | -4.6% | — | $177M | $25M |
| 2023 | $2M | -$14M | 0.0% | 0.0% | — | -3.8% | — | $24M | $20M |
| 2022 | $1M | -$8M | 0.0% | 0.0% | — | -2.2% | — | — | $143M |
| 2021 | $997000 | -$3M | 0.0% | 0.0% | — | -0.9% | — | — | $192M |
| 2020 | $101000 | -$112000 | 0.0% | 0.0% | 109.8% | -0.3% | — | — | $7M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $5M | -$9M | 0.0% | 0.0% | — | -1.6% | — | $279M | $16M |
| Mar '26 | $4M | -$11M | 0.0% | 0.0% | — | -1.9% | — | $276M | $20M |
| Dec '25 | $3M | -$12M | 0.0% | 0.0% | — | -2.1% | — | $261M | $24M |
| Sep '25 | $2M | -$12M | 0.0% | 0.0% | — | -2.1% | — | $251M | $30M |
| Jun '25 | $2M | -$8M | 0.0% | 0.0% | — | -1.4% | — | $228M | $25M |
| Mar '25 | $2M | -$9M | 0.0% | 0.0% | — | -1.6% | — | $203M | $23M |
| Dec '24 | $1M | -$8M | 0.0% | 0.0% | — | -1.6% | — | $177M | $25M |
| Sep '24 | $860000 | -$7M | 0.0% | 0.0% | — | -1.4% | — | $147M | $24M |
| Jun '24 | $384000 | -$5M | 0.0% | 0.0% | — | -1.0% | — | $123M | $25M |
| Mar '24 | $337000 | -$4M | 0.0% | 0.0% | — | -0.9% | — | $87M | $29M |
| Dec '23 | $511000 | -$4M | 0.0% | 0.0% | — | -1.1% | — | $24M | $20M |
| Sep '23 | $468000 | -$3M | 0.0% | 0.0% | — | -0.9% | — | — | $16M |
| Jun '23 | $778000 | -$4M | 0.0% | 0.0% | — | -1.1% | — | — | $63M |
| Mar '23 | $497000 | -$3M | 0.0% | 0.0% | — | -0.8% | — | — | $116M |
| Dec '22 | $412000 | -$3M | 0.0% | 0.0% | — | -0.8% | — | — | $143M |
| Sep '22 | $338000 | -$1M | 0.0% | 0.0% | — | -0.3% | — | — | $139M |
| Jun '22 | $312000 | -$2M | 0.0% | 0.0% | — | -0.6% | — | — | $147M |
| Mar '22 | $329000 | -$2M | 0.0% | 0.0% | — | -0.6% | — | — | $172M |
| Dec '21 | $318000 | -$3M | 0.0% | 0.0% | — | -0.9% | — | — | $192M |
| Sep '21 | $278000 | $51000 | 0.0% | 0.0% | 0.1% | 0.0% | — | — | $24M |
Valuation over time
How the market has priced OZ against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has fallen from 265.9× (Mar '23) to 14.5× (Nov '26).
P/S
Frequently asked questions
Is OZ growing its revenue and profit?
Over the past 5 years, Belpointe PREP, LLC's revenue has grown 146.5% per year. These are computed facts, not advice.
How much debt does OZ have?
As of FY2025, Belpointe PREP, LLC reported $261M of total debt against $24M of cash.
What is OZ's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin -435.9%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.