Pacaso Reports Improved Financial Performance for First Half 2026
Pacaso reported its first-half financial results for 2026, showing a significant improvement in adjusted EBITDA loss and an expansion of gross profit margins. The company achieved $15.5 million in adjusted gross profit (excluding whole home sales), up 23% year-over-year, with the margin expanding to 18.8%, compared to 15.2% in H1 2025. Its adjusted EBITDA loss improved by 25% to $7.0 million. The company also expanded its co-ownership model through Infinity, a private home-exchange community that allows owners to swap stays beyond Pacaso's own homes and now includes access to destinations in ten new countries. CEO Austin Allison emphasized the growing appeal of co-ownership as an alternative to traditional second-home ownership while highlighting AI-driven efficiency improvements. CFO Alvaro Cortes noted continued cost discipline and a focus on better economics for each home sold, signaling ongoing efforts toward long-term profitability.
Topics: co-ownership EBITDA improvement market expansion vacation homes