Comstock Q2 2026: Revenue +74% to $22.6M, Net Income $8.8M Driven by Jericho Mark-to-Market Gain
CHCI sits 63% above its 52-week low of $10.14 on light trading volume (0.3× avg).
Summary
Comstock reported Q2 2026 revenue of $22.6M (+74% YoY) and net income of $8.8M, boosted by a $4.3M non-cash gain on its Jericho investment. Cash declined to $25.3M as the company funded new real estate and data center ventures.
Key Events · Earnings and Guidance · CHCI
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Q2 Revenue Up 74% to $22.6M
Revenue increased 74.1% year-over-year to $22.6 million, driven by $4.7 million in supplemental fee revenue from leasing activity and a $0.8 million acquisition fee, plus expansion of the managed portfolio.
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Net Income Boosted by Non-Cash Jericho Gain
Net income of $8.8 million included a $4.3 million unrealized gain on the mark-to-market valuation of Jericho Energy Ventures equity securities. Excluding this non-cash item, operating income was $6.6 million.
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Cash Declines to $25.3M on Venture Investments
Cash and cash equivalents fell to $25.3 million from $31.3 million at year-end 2025, reflecting $11.9 million invested in real estate ventures (The Reed, Woodland Pointe) and $1.5 million in Jericho equity.
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Capital Commitments Total $16.5M Remaining
The company has $5.8 million remaining on its Oklahoma JV commitment and $10.7 million remaining on Woodland Pointe, with a $10 million undrawn credit facility available.
Analysis · CHCI · Real Estate & Construction
Comstock's Q2 2026 results show strong operational growth with revenue up 74% year-over-year to $22.6 million, but the headline net income of $8.8 million includes a $4.3 million non-cash unrealized gain from marking its Jericho Energy Ventures equity stake to market. Excluding that gain, operating income was $6.6 million, still a significant improvement from $1.8 million a year ago. The company's cash position declined to $25.3 million from $31.3 million at year-end as it deployed capital into new real estate ventures, including The Reed and Woodland Pointe, and the Oklahoma AI data center JV. Remaining capital commitments of $16.5 million across these ventures will require continued cash deployment, though the company maintains a $10 million undrawn credit facility.
At the time of this filing, CHCI was trading at $16.52 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $152.3M. The 52-week trading range was $10.14 to $19.72. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.