Comstock Q2 Revenue Jumps 74% to $22.6M; Net Income Up 512%
CHCI sits 49% 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 (+512% YoY), driven by portfolio expansion and a $4.3M gain on JEV equity investments. The company also finalized its Oklahoma data center JV and secured a power LOI for up to 3GW.
Key Events · Earnings and Guidance · CHCI
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Q2 Revenue Up 74%
Revenue reached $22.6 million in Q2 2026, up 74% from $13.0 million in Q2 2025. YTD revenue of $40.0 million is up 56%.
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Net Income Surges 512%
Net income was $8.8 million in Q2, up 512% from $1.4 million a year ago. The quarter included a $4.3 million unrealized gain on Jericho Energy Ventures equity investments.
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Adjusted EBITDA Up 231%
Adjusted EBITDA rose to $7.4 million in Q2, up 231% from $2.2 million. YTD Adjusted EBITDA of $9.5 million is up 123%.
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Managed Portfolio Expands to 108 Assets
The managed portfolio grew by 26 assets year-over-year to 108 total. Commercial portfolio is 92% leased and residential is 94% leased.
Analysis · CHCI · Real Estate & Construction
Comstock delivered its 30th consecutive quarter of revenue growth, with Q2 revenue up 74% to $22.6 million and net income up 512% to $8.8 million. The results were boosted by a $4.3 million unrealized gain on Jericho Energy Ventures equity investments, but core operations also expanded strongly — Adjusted EBITDA rose 231% to $7.4 million. The managed portfolio grew to 108 assets, and the company finalized its Oklahoma data center joint venture and secured a letter of intent for up to 3GW of power, positioning it for further growth in AI infrastructure. This is a strong quarter that validates the asset-light, debt-free business model.
At the time of this filing, CHCI was trading at $15.15 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.