# Belpointe PREP, LLC (OZ) · Edgar & Edgarette company card

> Belpointe PREP (OZ) grew revenue 243% in FY2025 to $9 million. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1807046 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/OZ) · [JSON](https://www.pops4.com/boards/company/OZ.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $9M |
| Revenue growth, 1 year | 243.4% |
| Revenue growth per year | 74.2% |
| Operating margin | — |
| Net margin | -436.2% |
| Operating cash flow | −$25M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $24M |
| Long-term debt | $261M |
| Total assets | $564M |
| Total equity | — |
| Equity ÷ assets | — |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Weathered boat · two warning signs · operating cash flow was negative; revenue is hard to predict: its 80% range is ±65%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $9.2M (FY2025), total debt $260.6M. Experience: revenue up 243.4% on the year, up 74.2% a year over 4 years. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $11.1M and $51.9M next year (method v4.1: its own 4-year record of growth weighed at 50% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $10.0M to $57.9M. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, real estate): growth 243.4% against 6.1%.

Range logged 2026-09-29, receipt e86339946e112d5c, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-10-23 · 1.02 Termination of a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1807046/000149315226048251/0001493152-26-048251-index.htm)
- 8-K · filed 2026-10-15 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1807046/000149315226047262/0001493152-26-047262-index.htm)
- 8-K · filed 2026-08-28 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1807046/000149315226040486/0001493152-26-040486-index.htm)
- DEF 14A · filed 2026-08-27 · [filing](https://www.sec.gov/Archives/edgar/data/1807046/000149315226040394/0001493152-26-040394-index.htm)
- 10-Q · filed 2026-08-04 · [filing](https://www.sec.gov/Archives/edgar/data/1807046/000149315226035992/0001493152-26-035992-index.htm)
- 8-K · filed 2026-06-15 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1807046/000149315226028698/0001493152-26-028698-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001807046.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1807046

## Cite

POPS4, Edgar & Edgarette: Belpointe PREP, LLC (OZ) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/OZ. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.