Belpointe PREP, LLC

OZAMEXReal Estate● Active

$46.94

+$0.33(+0.71%)

Market Cap$182992594

P/E Ratio—

52W High$69

52W Low$46.92

Avg Volume14K

Open$47.09

Beta0.27

Free Cash Flow Financials Revenue

Belpointe PREP, LLC (OZ) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

OZ · free cash flow · updated Jun 8, 2026

Core FCF metrics

OZ · FCF · TTM · margin & CAGR

Free cash flow was −$25.2M for FY2025 (fiscal year ending 2025-12-31), down 84.1% year-over-year The FCF margin was -274.4%.

FY2025 Free Cash Flow−$25.2M▼ -84.1% YoY

Trailing 12M (TTM)−$24.7Mtrailing 4 quarters sum

FCF Margin-274.4%−$25.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

OZ · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$25.2M(0M)−$25.2M▼ 84.1%-274.4%

FY2024−$13.7M(0M)−$13.7M▼ 97.1%-511.7%

FY2023−$6.9M(0M)−$6.9M▼ 112.2%-308.1%

FY2022−$6.7M(63M)$56.7M▼ 1.7%—

FY2021−$2.3M(60M)$57.7M▲ +481158.3%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

OZ · P/FCF · FCF yield · FCF per share

Belpointe PREP, LLC (OZ) reported negative free cash flow of −$0.03B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

OZ · cash flow statement · operating / investing / financing

For FY2025, Belpointe PREP, LLC generated −$25.2M in operating cash flow and spent 0M in capital expenditures, yielding −$25.2M in free cash flow.

Operating Activities

−$25.2M

Cash from core business operations

2025-12-31

Investing Activities

−$62.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$87.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$25.2M) − |CapEx| (0M) = FCF (−$25.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

OZ vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Belpointe PREP, LLCYOU

−$25.2M-84.1%-274.4%

Loss

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Belpointe PREP, LLC (OZ) reported free cash flow of −$25.2M for FY2025 (fiscal year ending 2025-12-31), down 84.1% year-over-year. The FCF margin was -274.4%.

Based on available data, Belpointe PREP, LLC has maintained positive free cash flow for at least 2 fiscal year(s). FCF peaked at $57.7M in FY2021.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

OZ free cash flow · 8 questions

Belpointe PREP, LLC free cash flow was −$25.2M for FY2025, down 84.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$24.7M.

OZ free cash flowOZ FCFOZ FCF 2025OZ free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Belpointe PREP, LLC · Belpointe PREP, LLC SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026