ASHFORD HOSPITALITY TRUST, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:16:54Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -87.27M | -132.08M | -123.29M | -64.53M | -180.93M | -195.74M |
| EBITDA | 257.71M | 411.98M | 318.25M | 278.05M | 93.68M | -212.60M |
| Net Debt | 2.52B | 2.58B | 2.94B | 3.48B | 3.34B | 3.68B |
| Operating Margin | 10.54% | 22.11% | 9.54% | 6.15% | -15.54% | -91.56% |
| Net Margin | -16.28% | -5.14% | -13.05% | -11.27% | -33.15% | -107.01% |
| Return on Equity (ROE) | 28.71% | 14.38% | 51.60% | 92.98% | 10060.47% | 191.76% |
| Return on Assets (ROA) | -6.35% | -1.91% | -5.16% | -3.57% | -6.52% | -14.56% |
| Debt-to-Equity | -4.13× | -6.42× | -8.97× | -25.95× | -1481.89× | -13.31× |
| Effective Tax Rate | 0.08% | -1.56% | -0.50% | -4.70% | -2.24% | 0.21% |
| Cash Conversion Ratio | 0.09× | 0.39× | -0.08× | -0.28× | 0.54× | 0.27× |
| Accruals Ratio | -0.06× | -0.01× | -0.06× | -0.05× | -0.03× | -0.11× |
| SBC % of Revenue | -0.07% | 0.18% | 0.29% | 0.48% | 1.24% | 2.11% |
| CapEx Coverage | -0.22× | -0.22× | 0.10× | 0.38× | -3.92× | -3.24× |
| Free Cash Flow Per Share | $-14.61 | $-28.07 | $-35.71 | $-18.79 | $-8.28 | $-124.20 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EV / EBITDA | 9.89× | 6.36× | 9.26× | 13.09× | 39.19× | — |
| P/S | 0.03× | 0.03× | 0.01× | 0.12× | 0.41× | 0.03× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.10B | 1.17B | 1.37B | 1.24B | 805.41M | 508.24M |
| Operating Income (Loss) | 116.42M | 259.21M | 130.44M | 76.25M | -125.17M | -465.37M |
| Income Tax Expense (Benefit) | -143.00K | 997.00K | 900.00K | 6.34M | 5.95M | -1.33M |
| Net Income (Loss) Attributable to Parent | -179.84M | -60.30M | -178.49M | -139.82M | -267.00M | -543.88M |
| Earnings Per Share, Basic | $-35.99 | $-17.54 | $-56.11 | $-44.61 | $-12.37 | $-329.97 |
| Weighted Average Number of Shares Outstanding, Basic | 5.97M | 4.71M | 3.45M | 3.43M | 21.63M | 1.58M |
| Earnings Per Share, Diluted | $-35.99 | $-17.54 | $-56.11 | $-44.61 | $-12.43 | $-329.97 |
| Weighted Average Number of Shares Outstanding, Diluted | 5.97M | 4.71M | 3.45M | 3.43M | 21.84M | 1.58M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 66.14M | 112.91M | 165.23M | 417.06M | 592.11M | 92.91M |
| Assets | 2.83B | 3.16B | 3.46B | 3.92B | 4.10B | 3.73B |
| Long-term Debt | 2.53B | 2.63B | 3.04B | 3.84B | 3.89B | 3.73B |
| Liabilities | 3.21B | 3.37B | 3.69B | 4.04B | 4.08B | 3.99B |
| Stockholders' Equity Attributable to Parent | -626.35M | -419.24M | -345.90M | -150.39M | -2.65M | -283.62M |
| Common Stock, Shares, Outstanding | 6.48M | 5.64M | 3.74M | 34.50M | 34.49M | 6.44M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -15.67M | -23.59M | 14.39M | 39.22M | -144.19M | -149.53M |
| Net Cash Provided by (Used in) Investing Activities | 190.76M | 191.28M | -89.75M | -70.33M | -34.04M | -7.60M |
| Payments for Repurchase of Common Stock | 44.00K | 49.00K | 90.00K | 316.00K | 46.00K | 399.00K |
| Payments of Dividends | 23.96M | 20.36M | 14.94M | 12.42M | 18.62M | 28.62M |
| Net Cash Provided by (Used in) Financing Activities | -179.17M | -258.75M | -172.13M | -101.51M | 702.56M | -73.76M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 12.44M | -38.18M | -49.09M | -48.64M | -44.93M | -6.46M |
| EBITDA | 45.25M | 27.46M | — | — | 98.87M | -11.65M |
| Net Debt | 2.27B | 2.52B | 2.59B | 2.61B | 2.63B | 2.58B |
| Operating Margin | 4.95% | -2.56% | 4.59% | 16.32% | 22.19% | -17.77% |
| Net Margin | -23.82% | -26.77% | -22.61% | -10.06% | -7.20% | -45.09% |
| Return on Equity (ROE) | 9.17% | 11.07% | 10.96% | 6.26% | 4.48% | 29.63% |
| Return on Assets (ROA) | -2.45% | -2.45% | -2.00% | -0.99% | -0.65% | -3.93% |
| Debt-to-Equity | -3.38× | -4.13× | -4.87× | -5.57× | -6.08× | -6.42× |
| Effective Tax Rate | -1.16% | 1.17% | -0.41% | -0.37% | -1.45% | 1.76% |
| Cash Conversion Ratio | -0.46× | 0.18× | 0.05× | 0.28× | 1.25× | -0.11× |
| Accruals Ratio | -0.04× | -0.02× | -0.02× | -0.01× | 0.00× | -0.04× |
| SBC % of Revenue | 0.01% | -0.09% | -0.20% | 0.06% | -0.02% | 0.21% |
| CapEx Coverage | 1.73× | -0.49× | -0.07× | -0.22× | -1.25× | 0.69× |
| Free Cash Flow Per Share | $1.93 | $-6.39 | $-8.07 | $-8.25 | $-7.95 | $-1.37 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/S | 0.02× | 0.03× | 0.03× | 0.03× | 0.04× | 0.03× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 267.73M | 258.97M | 266.06M | 302.00M | 277.36M | 275.48M |
| Operating Income (Loss) | 13.25M | -6.63M | 12.22M | 49.30M | 61.53M | -48.96M |
| Income Tax Expense (Benefit) | 752.00K | -838.00K | 259.00K | 119.00K | 317.00K | -2.32M |
| Net Income (Loss) Attributable to Parent | -63.77M | -69.32M | -60.15M | -30.40M | -19.97M | -124.21M |
| Earnings Per Share, Basic | $-11.03 | $-12.61 | $-11.35 | $-6.88 | $-4.91 | $-28.48 |
| Weighted Average Number of Shares Outstanding, Basic | 6.44M | 5.97M | 6.08M | 5.80M | 5.65M | 4.71M |
| Earnings Per Share, Diluted | $-11.03 | $-12.61 | $-11.35 | $-6.88 | $-4.91 | $-20.66 |
| Weighted Average Number of Shares Outstanding, Diluted | 6.44M | 5.97M | 6.08M | 5.89M | 5.65M | 4.71M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 78.04M | 66.14M | 81.90M | 99.97M | 85.79M | 112.91M |
| Assets | 2.61B | 2.83B | 3.01B | 3.06B | 3.08B | 3.16B |
| Long-term Debt | 2.29B | 2.53B | 2.61B | 2.64B | 2.65B | 2.63B |
| Liabilities | 3.04B | 3.21B | 3.31B | 3.31B | 3.30B | 3.37B |
| Stockholders' Equity Attributable to Parent | -695.16M | -626.35M | -548.74M | -485.52M | -446.11M | -419.24M |
| Common Stock, Shares, Outstanding | 6.48M | 6.48M | 6.19M | 5.91M | 5.79M | 5.64M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 29.52M | -12.51M | -3.16M | -8.65M | -24.99M | 14.10M |
| Net Cash Provided by (Used in) Investing Activities | 197.13M | 57.63M | 133.13M | 105.82M | 99.50M | -20.58M |
| Payments for Repurchase of Common Stock | 2.00K | 40.00K | 4.00K | 4.00K | 0 | 0 |
| Payments of Dividends | 0 | 6.22M | 17.73M | 11.61M | 5.65M | 5.67M |
| Net Cash Provided by (Used in) Financing Activities | -222.04M | -77.55M | -101.62M | -61.79M | -70.01M | -6.99M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (AHT CIK 0001232582),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.