LuxUrban Hotels Inc. (LUXH) Financial Statements (2025 and earlier)

Company Profile

Business Address 2125 BISCAYNE BLVD
MIAMI, FL 33137
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7531,076
Cash and cash equivalents7531,076
Receivables 6,936 
Prepaid expense 326 
Other current assets  963
Other undisclosed current assets11,7069,508
Total current assets:19,72111,548
Noncurrent Assets
Operating lease, right-of-use asset241,61483,325
Property, plant and equipment691197
Restricted cash and investments  1,100
Other noncurrent assets 961 
Other undisclosed noncurrent assets20,30711,793
Total noncurrent assets:263,57396,415
TOTAL ASSETS:283,294107,963
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:23,1826,252
Accrued liabilities7,6505,204
Other undisclosed accounts payable and accrued liabilities15,5321,049
Debt1,65510,406
Other undisclosed current liabilities8,2898,781
Total current liabilities:33,12625,440
Noncurrent Liabilities
Long-term debt and lease obligation1,4594,189
Long-term debt, excluding current maturities1,4594,189
Liabilities, other than long-term debt242,48981,626
Operating lease, liability242,48981,626
Other undisclosed noncurrent liabilities9,718 
Total noncurrent liabilities:253,66685,816
Total liabilities:286,791111,255
Equity
Equity, attributable to parent(9,273)(3,292)
Common stock00
Treasury stock, value  
Additional paid in capital90,43717,727
Accumulated deficit(99,711)(21,019)
Other undisclosed equity5,776 
Total equity:(3,497)(3,292)
TOTAL LIABILITIES AND EQUITY:283,294107,963

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
Revenues113,39743,825
Cost of revenue(104,465)(31,450)
Other cost of operating revenue(66,554)(19,215)
Gross profit:8,93212,375
Operating expenses(39,475)(15,832)
Operating loss:(30,543)(3,456)
Nonoperating expense(47,981)(5,934)
Other nonoperating income1,2371,584
Interest and debt expense(59) 
Loss from continuing operations before equity method investments, income taxes:(78,582)(9,390)
Other undisclosed income from continuing operations before income taxes59 
Loss from continuing operations before income taxes:(78,523)(9,390)
Income tax benefit  851
Other undisclosed income from continuing operations  
Loss from continuing operations:(78,523)(8,540)
Other undisclosed net loss  (851)
Net loss attributable to parent:(78,523)(9,390)
Other undisclosed net loss available to common stockholders, basic(168) 
Net loss available to common stockholders, basic:(78,692)(9,390)
Other undisclosed net income available to common stockholders, diluted  
Net loss available to common stockholders, diluted:(78,692)(9,390)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
Net loss:(78,523)(9,390)
Comprehensive loss, net of tax, attributable to parent:(78,523)(9,390)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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