# Belpointe PREP, LLC: overview

OZ · NYSE · CIK 1807046 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/oz.md) · [Financials](/companies/oz/financials.md) · [Filings](/companies/oz/filings.md) · [Insiders](/companies/oz/insiders.md)

Latest reported revenue: [$5.4m](/filings/0001493152-26-035992.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:Revenues, accession 0001493152-26-035992).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [860](/filings/0001493152-25-022469.md) | [1,094 d](/filings/0001493152-26-011713.md) | [1,739](/filings/0001493152-26-022556.md) | [2,002](/filings/0001493152-26-035992.md) | [2,382](/filings/0001493152-25-022469.md) | [3,064 d](/filings/0001493152-26-011713.md) | [4,235](/filings/0001493152-26-022556.md) | [5,367](/filings/0001493152-26-035992.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(805.6%)](/filings/0001493152-25-022469.md) | [(751.9%) d](/filings/0001493152-26-011713.md) | [(495.6%)](/filings/0001493152-26-022556.md) | [(381.0%)](/filings/0001493152-26-035992.md) | [(509.3%)](/filings/0001493152-25-022469.md) | [(380.8%) d](/filings/0001493152-26-011713.md) | [(251.8%)](/filings/0001493152-26-022556.md) | [(172.2%)](/filings/0001493152-26-035992.md) |
| Diluted EPS | $ per share | [(1.90)](/filings/0001493152-25-022469.md) | not reported | [(2.35)](/filings/0001493152-26-022556.md) | [(2.06)](/filings/0001493152-26-035992.md) | [(3.21)](/filings/0001493152-25-022469.md) | not reported | [(2.75)](/filings/0001493152-26-022556.md) | [(2.37)](/filings/0001493152-26-035992.md) |
| Free cash flow | $k | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [997](/filings/0001493152-23-010372.md) | [1,391](/filings/0001493152-24-037651.md) | [2,254](/filings/0001641172-25-001569.md) | [2,675](/filings/0001493152-26-011713.md) | [9,187](/filings/0001493152-26-011713.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(314.4%)](/filings/0001493152-23-010372.md) | [(552.3%)](/filings/0001493152-24-037651.md) | [(636.7%)](/filings/0001641172-25-001569.md) | [(891.8%)](/filings/0001493152-26-011713.md) | [(435.9%)](/filings/0001493152-26-011713.md) |
| Diluted EPS | $ per share | [(7.64)](/filings/0001493152-22-006657.md) | [(2.25)](/filings/0001493152-24-037651.md) | [(4.04)](/filings/0001641172-25-001569.md) | [(6.56)](/filings/0001493152-26-011713.md) | [(10.72)](/filings/0001493152-26-011713.md) |
| Free cash flow | $k | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/oz/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Empirical Financial Services, LLC d.b.a. Empirical Wealth Management](/funds/1510434.md) | 2026-06-30 | $10.9m | 241,017 |  | Reduced −5,614 |
| [Precision Wealth Strategies, LLC](/funds/1844197.md) | 2026-06-30 | $10.6m | 235,002 |  | Reduced −5,687 |
| [Belpointe Asset Management LLC](/funds/1721242.md) | 2026-06-30 | $9.9m | 217,600 |  | Reduced −8,858 |
| [OSAIC HOLDINGS, INC.](/funds/1677044.md) | 2026-06-30 | $4.3m | 94,077 |  | Unchanged |
| [United Asset Strategies, Inc.](/funds/1539948.md) | 2026-06-30 | $4.0m | 88,722 |  | Reduced −632 |
| [Brookwood Investment Group LLC](/funds/2066812.md) | 2026-06-30 | $1.6m | 35,995 |  | Reduced −1,876 |
| [LPL Financial LLC](/funds/1403438.md) | 2026-06-30 | $1.2m | 25,517 |  | Added +9,064 |
| [Mason & Associates Inc](/funds/1917686.md) | 2026-06-30 | $1.1m | 24,640 |  | Reduced −700 |
| [WEALTH ALLIANCE, LLC](/funds/1793904.md) | 2026-06-30 | $1.0m | 22,979 |  | Unchanged |
| [Lido Advisors, LLC](/funds/1650150.md) | 2026-06-30 | $1.0m | 22,911 |  | Reduced −40,912 |

## Recent filings

[All 229 filings](/companies/oz/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-23 | 16:37 ET | [8-K](/filings/0001493152-26-048251.md) | 1.02 Termination of a material agreement; 9.01 Financial statements and exhibits | 0001493152-26-048251 |
| 2026-10-15 | 20:36 ET | [8-K](/filings/0001493152-26-047262.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001493152-26-047262 |
| 2026-08-28 | 10:15 ET | [8-K](/filings/0001493152-26-040486.md) | 8.01 Other events | 0001493152-26-040486 |
| 2026-08-27 | 20:05 ET | [DEF 14A](/filings/0001493152-26-040394.md) | Proxy statement, period 2026-08-27 | 0001493152-26-040394 |
| 2026-08-04 | 20:06 ET | [10-Q](/filings/0001493152-26-035992.md) | Quarterly report, period 2026-06-30 | 0001493152-26-035992 |
| 2026-06-15 | 20:23 ET | [8-K](/filings/0001493152-26-028698.md) | 8.01 Other events | 0001493152-26-028698 |
| 2026-06-01 | 22:54 ET | [8-K](/filings/0001493152-26-026468.md) | 8.01 Other events | 0001493152-26-026468 |
| 2026-05-13 | 22:11 ET | [10-Q](/filings/0001493152-26-022556.md) | Quarterly report, period 2026-03-31 | 0001493152-26-022556 |
| 2026-03-20 | 00:34 ET | [10-K](/filings/0001493152-26-011713.md) | Annual report, period 2025-12-31 | 0001493152-26-011713 |
| 2026-03-10 | 01:29 ET | [8-K/A](/filings/0001493152-26-009416.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001493152-26-009416 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001493152-26-011713.md), filed Mar 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/4d355da5-1b27-4f64-894c-8c62d63fec30)

## About the filer

- CIK: 1807046
- Tickers: OZ
- Exchange: NYSE
- SIC code: 6500 Real Estate
- State of incorporation: DE
- Filer category: <br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.