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BrightSpire Capital (BRSP) Financials

BrightSpire Capital logo
$5.00 +0.01 (+0.10%)
As of 01:17 PM Eastern
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Annual Income Statements for BrightSpire Capital

Annual Income Statements for BrightSpire Capital

This table shows BrightSpire Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 76 128 -168 -415 -353 -101 46 -16 -132 -31
Consolidated Net Income / (Loss)		 109 128 -177 -463 -376 -105 47 -16 -136 -39
Net Income / (Loss) Continuing Operations		 109 0.00 -177 -463 -254 -105 47 -16 -136 -39
Total Pre-Tax Income 		94 0.00 -164 -496 -251 33 49 -24 -134 -60
Total Revenue		 115 0.00 116 103 104 85 132 140 103 73
Net Interest Income / (Expense)		 114 0.00 116 98 102 120 127 125 91 68
Total Interest Income		 141 0.00 295 295 249 220 268 299 245 195
Investment Securities Interest Income		 141 - 295 295 249 220 268 299 245 195
Total Interest Expense		 26 0.00 179 198 147 101 141 173 154 127
Long-Term Debt Interest Expense		 26 - 179 198 147 101 141 173 154 127
Total Non-Interest Income		 0.48 0.00 0.20 5.11 1.84 -34 5.20 15 12 5.80
Other Service Charges		 0.54 - 3.65 2.33 1.84 2.33 6.06 14 12 8.05
Net Realized & Unrealized Capital Gains on Investments		 -0.06 - -3.45 2.77 0.00 -37 -0.85 0.61 0.23 -2.25
Total Non-Interest Expense		 17 0.00 166 379 234 52 83 164 237 134
Salaries and Employee Benefits		 - - - - 5.52 32 33 40 35 35
Net Occupancy & Equipment Expense		 0.91 - -105 -141 -110 -72 -66 -67 -69 -62
Other Operating Expenses		 16 - 107 82 61 31 89 124 149 39
Depreciation Expense		 0.15 - 91 103 60 36 34 34 41 36
Impairment Charge		 0.00 - 32 283 - 0.00 0.00 7.59 54 62
Other Special Charges		 0.00 - 41 52 218 -84 -6.77 26 27 24
Income Tax Expense		 1.52 - 37 3.17 -11 6.28 2.44 1.06 1.06 -22
Other Gains / (Losses), net		 16 - 24 37 -135 -131 0.03 9.06 0.00 0.00
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)		 - - -4.77 -38 -14 -1.73 0.00 -0.07 - -7.62
Basic Earnings per Share		 $1.60 - ($1.41) ($3.25) ($2.75) ($0.79) $0.35 ($0.12) ($1.05) ($0.26)
Weighted Average Basic Shares Outstanding		 44.40M 44.40M 120.68M 128.39M 128.55M 128.50M 127.30M 127.06M 127.44M 126.88M
Diluted Earnings per Share		 $1.60 - ($1.41) ($3.25) ($2.75) ($0.79) $0.34 ($0.12) ($1.05) ($0.26)
Weighted Average Diluted Shares Outstanding		 44.40M 44.40M 120.68M 128.39M 128.55M 128.50M 129.30M 127.06M 127.44M 126.88M
Weighted Average Basic & Diluted Shares Outstanding		 44.40M 44.40M 120.68M 128.39M 128.55M 129.77M 128.87M 129.99M 129.69M 128.63M
Cash Dividends to Common per Share		 - - $1.60 $1.65 $0.30 $0.58 $0.79 $0.80 $0.72 $0.64

Quarterly Income Statements for BrightSpire Capital

This table shows BrightSpire Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -16 -57 -68 13 -20 5.34 -23 0.98 -14 4.85 -18
Consolidated Net Income / (Loss)		 -16 -57 -69 11 -21 3.71 -25 -1.30 -16 3.12 -20
Net Income / (Loss) Continuing Operations		 -16 -57 -69 11 -21 3.71 -25 -1.30 -16 3.12 -20
Total Pre-Tax Income 		-16 -57 -68 12 -21 3.99 -47 -1.43 -16 3.22 -20
Total Revenue		 35 31 28 23 20 18 15 21 20 19 18
Net Interest Income / (Expense)		 30 27 25 21 17 16 17 18 17 16 17
Total Interest Income		 73 68 63 60 54 48 49 49 49 50 52
Investment Securities Interest Income		 73 68 63 60 54 48 49 49 49 50 52
Total Interest Expense		 43 40 38 39 37 32 32 31 32 33 35
Long-Term Debt Interest Expense		 43 40 38 39 37 32 32 31 32 33 35
Total Non-Interest Income		 4.76 3.43 2.78 2.55 2.83 2.38 -1.77 3.05 2.14 2.97 1.01
Other Service Charges		 4.76 3.10 2.92 2.51 3.06 2.62 1.59 2.51 1.33 2.97 1.04
Net Realized & Unrealized Capital Gains on Investments		 0.00 0.33 -0.14 0.04 -0.23 -0.24 -3.36 0.54 0.81 -0.00 -0.03
Total Non-Interest Expense		 51 88 97 12 41 14 62 22 36 16 38
Salaries and Employee Benefits		 9.36 8.77 9.58 8.19 8.10 10 8.19 8.08 8.29 9.06 8.99
Net Occupancy & Equipment Expense		 -17 -16 -17 -18 -17 -17 -19 -13 -13 -13 -12
Other Operating Expenses		 36 78 43 4.21 24 3.61 4.12 12 19 5.67 18
Depreciation Expense		 8.72 10 8.95 10 11 11 11 7.19 7.99 8.63 8.19
Impairment Charge		 - - 45 0.00 - - 51 2.51 - - 9.27
Other Special Charges		 6.79 6.78 6.75 6.75 6.52 6.57 6.77 5.17 5.21 5.09 5.12
Income Tax Expense		 0.20 0.25 0.19 0.24 0.37 0.28 -22 -0.13 0.01 0.09 0.01
Other Gains / (Losses), net		 - - - - - - 0.00 - - - -0.60
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)		 - 0.00 -0.82 -1.31 -1.41 -1.63 -2.05 -2.29 -1.64 -1.72 -1.85
Basic Earnings per Share		 ($0.13) ($0.45) ($0.53) $0.10 ($0.17) $0.04 ($0.19) $0.00 ($0.11) $0.03 ($0.15)
Weighted Average Basic Shares Outstanding		 127.06M 127.33M 127.99M 127.52M 127.44M 127.08M 127.25M 126.94M 126.88M 125.93M 126.71M
Diluted Earnings per Share		 ($0.12) ($0.45) ($0.53) $0.09 ($0.16) $0.04 ($0.19) $0.00 ($0.11) $0.03 ($0.15)
Weighted Average Diluted Shares Outstanding		 127.06M 127.33M 127.99M 130.14M 127.44M 129.86M 127.25M 129.85M 126.88M 128.92M 126.71M
Weighted Average Basic & Diluted Shares Outstanding		 129.99M 130.64M 130.63M 129.69M 129.69M 130.46M 129.99M 129.73M 128.63M 130.28M 126.52M

Annual Cash Flow Statements for BrightSpire Capital

This table details how cash moves in and out of BrightSpire Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -32 -5.41 121 8.22 344 -193 52 -37 89 -277
Net Cash From Operating Activities		 89 107 101 137 96 -21 125 138 103 73
Net Cash From Continuing Operating Activities		 89 107 101 137 96 -21 125 138 103 73
Net Income / (Loss) Continuing Operations		 109 128 -177 -463 -376 -105 47 -16 -136 -39
Consolidated Net Income / (Loss)		 109 128 -177 -463 -376 -105 47 -16 -136 -39
Depreciation Expense		 0.15 9.14 91 103 60 36 34 34 41 36
Amortization Expense		 -2.14 -4.91 -3.73 -5.86 1.66 5.73 -2.87 -1.85 1.53 11
Non-Cash Adjustments to Reconcile Net Income		 -23 -17 164 305 407 61 -21 15 60 74
Changes in Operating Assets and Liabilities, net		 0.99 -8.44 26 -23 3.13 -20 68 107 136 -10
Net Cash From Investing Activities		 199 439 -468 -416 1,003 -556 89 384 313 -420
Net Cash From Continuing Investing Activities		 199 439 -468 -416 1,003 -556 89 384 313 -420
Purchase of Property, Leasehold Improvements and Equipment		 -0.07 -0.31 -415 -24 -23 -9.92 -3.97 -7.06 -6.09 -18
Purchase of Investment Securities		 -279 -217 -1,273 -1,398 -346 -1,770 -972 -77 -114 -769
Sale and/or Maturity of Investments		 518 671 898 883 1,301 989 1,022 459 442 371
Other Investing Activities, net		 -39 -15 323 7.96 -38 36 5.71 9.55 -8.47 -3.98
Net Cash From Financing Activities		 -320 -552 488 287 -754 384 -161 -559 -328 69
Net Cash From Continuing Financing Activities		 -320 -552 488 287 -754 384 -161 -559 -328 69
Issuance of Debt		 81 72 1,963 2,377 317 2,002 771 168 880 615
Issuance of Common Equity		 - - 0.29 - - - 0.00 0.00 0.02 0.00
Repayment of Debt		 -410 -344 -1,249 -1,847 -1,179 -1,301 -778 -613 -1,085 -440
Repurchase of Common Equity		 - - - - 0.00 0.00 -18 0.00 -6.59 -11
Payment of Dividends		 -200 -299 -210 -223 -53 -53 -101 -104 -99 -83
Other Financing Activities, Net		 209 19 -16 -20 161 -264 -36 -8.98 -18 -12
Effect of Exchange Rate Changes		 0.00 0.00 - 0.29 -0.69 -0.76 -0.90 0.08 0.07 1.12
Cash Interest Paid		 20 23 82 143 112 76 126 190 174 146
Cash Income Taxes Paid		 1.29 10 21 -3.09 -5.96 4.83 0.60 0.27 2.04 -1.87

Quarterly Cash Flow Statements for BrightSpire Capital

This table details how cash moves in and out of BrightSpire Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 28 -56 -18 150 12 -159 -40 -30 -48 15 -20
Net Cash From Operating Activities		 36 25 23 31 25 11 17 30 15 11 29
Net Cash From Continuing Operating Activities		 36 25 23 31 25 11 17 30 15 11 29
Net Income / (Loss) Continuing Operations		 -16 -57 -69 11 -21 3.71 -25 -1.30 -16 3.12 -20
Consolidated Net Income / (Loss)		 -16 -57 -69 11 -21 3.71 -25 -1.30 -16 3.12 -20
Depreciation Expense		 8.72 10 8.95 10 11 11 11 7.19 7.99 8.63 8.19
Amortization Expense		 -0.08 0.66 0.39 0.01 0.48 1.72 1.63 2.82 5.11 3.91 4.72
Non-Cash Adjustments to Reconcile Net Income		 117 75 46 117 32 3.68 35 13 23 4.15 11
Changes in Operating Assets and Liabilities, net		 -73 -4.61 36 -107 2.48 -9.16 -4.75 8.03 -4.46 -8.88 26
Net Cash From Investing Activities		 155 79 67 89 77 14 -82 -20 -332 -90 -158
Net Cash From Continuing Investing Activities		 155 79 67 89 77 14 -82 -20 -332 -90 -158
Purchase of Property, Leasehold Improvements and Equipment		 -1.31 -2.37 0.13 -3.01 -0.84 -2.51 -5.88 -2.45 -7.11 -1.63 -0.50
Purchase of Investment Securities		 -20 -15 -18 -14 -67 -113 -98 -140 -419 -270 -289
Sale and/or Maturity of Investments		 168 117 84 102 139 139 13 132 88 198 123
Other Investing Activities, net		 8.35 -20 0.76 4.73 5.86 -9.95 8.71 -9.25 6.00 -16 8.68
Net Cash From Financing Activities		 -163 -159 -108 30 -90 -183 25 -40 268 94 109
Net Cash From Continuing Financing Activities		 -163 -159 -108 30 -90 -183 25 -40 268 94 109
Issuance of Debt		 22 12 - 868 0.15 49 67 113 386 1,428 343
Repayment of Debt		 -159 -141 -78 -798 -68 -208 -13 -131 -88 -1,300 -190
Payment of Dividends		 -26 -26 -26 -26 -21 -21 -21 -21 -21 -22 -21
Other Financing Activities, Net		 -0.37 -4.05 -3.90 -7.72 -1.94 -4.38 -4.28 -0.21 -3.57 -12 -3.38
Cash Interest Paid		 - - - - - 35 - - - 36 38
Cash Income Taxes Paid		 - - - - - -0.71 - - - 0.00 -10

Annual Balance Sheets for BrightSpire Capital

This table presents BrightSpire Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,839 8,661 7,414 6,212 5,638 4,750 4,198 3,723 3,565
Cash and Due from Banks		 25 77 70 475 260 306 258 302 67
Restricted Cash		 42 110 126 65 87 93 105 149 107
Loans and Leases, Net of Allowance		 0.00 0.00 2,576 2,183 3,449 3,469 2,860 2,353 2,591
Loans and Leases		 - - 2,849 2,221 3,486 3,575 2,937 2,519 2,678
Allowance for Loan and Lease Losses		 - - 273 37 37 106 76 166 87
Premises and Equipment, Net		 220 1,960 1,485 839 783 732 808 777 680
Deferred Acquisition Cost		 - 134 - 76 65 54 59 47 28
Other Assets		 241 4,131 2,792 795 181 96 109 95 93
Total Liabilities & Shareholders' Equity		 1,839 8,661 7,414 6,212 5,638 4,750 4,198 3,723 3,565
Total Liabilities		 432 5,816 5,213 4,253 4,147 3,361 2,920 2,678 2,636
Interest Bearing Deposits		 - 66 - 37 73 79 89 80 83
Short-Term Debt		 0.00 1,366 1,099 535 905 1,340 1,153 785 1,078
Other Short-Term Payables		 - 34 - 10 24 26 26 21 21
Long-Term Debt		 390 1,254 3,863 1,858 2,261 1,824 1,563 1,706 1,391
Other Long-Term Liabilities		 5.21 3,095 176 1,813 883 92 90 85 64
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,408 2,845 2,201 1,959 1,491 1,389 1,278 1,046 928
Total Preferred & Common Equity		 1,080 2,707 2,119 1,666 1,455 1,388 1,277 1,048 938
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,080 2,707 2,119 1,666 1,455 1,388 1,277 1,048 938
Common Stock		 821 2,901 2,910 2,845 2,857 2,855 2,866 2,867 2,865
Retained Earnings		 259 -193 -820 -1,234 -1,411 -1,467 -1,586 -1,812 -1,926
Noncontrolling Interest		 328 138 82 293 36 1.26 1.13 -2.41 -10

Quarterly Balance Sheets for BrightSpire Capital

This table presents BrightSpire Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 4,604 4,355 4,353 3,947 3,778 3,838 3,551 3,409 3,304 3,648 3,748
Cash and Due from Banks		 314 218 236 222 203 264 201 154 113 97 68
Restricted Cash		 80 85 97 85 85 175 91 97 108 93 102
Loans and Leases, Net of Allowance		 3,349 3,113 3,056 2,687 2,583 2,431 2,302 2,256 2,236 2,645 2,795
Loans and Leases		 3,495 3,220 3,145 2,838 2,754 2,586 2,458 2,392 2,363 2,730 2,894
Allowance for Loan and Lease Losses		 146 107 89 150 171 155 155 137 127 85 99
Premises and Equipment, Net		 715 771 775 789 737 775 782 733 720 691 450
Deferred Acquisition Cost		 51 58 60 55 50 50 47 35 36 28 4.34
Other Assets		 96 110 128 109 119 144 128 134 91 95 328
Total Liabilities & Shareholders' Equity		 4,604 4,355 4,353 3,947 3,778 3,838 3,551 3,409 3,304 3,648 3,748
Total Liabilities		 3,249 3,032 3,037 2,757 2,679 2,752 2,520 2,421 2,336 2,742 2,898
Interest Bearing Deposits		 65 67 80 69 70 74 70 75 76 67 76
Short-Term Debt		 1,292 1,217 1,207 1,032 999 848 733 790 779 772 926
Other Short-Term Payables		 26 26 26 26 26 21 21 21 21 22 22
Long-Term Debt		 1,777 1,637 1,637 1,546 1,504 1,722 1,611 1,465 1,392 1,820 1,619
Other Long-Term Liabilities		 89 84 87 85 81 86 85 71 69 61 255
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,355 1,323 1,315 1,190 1,099 1,087 1,031 988 968 906 849
Total Preferred & Common Equity		 1,353 1,321 1,314 1,189 1,099 1,088 1,035 994 976 918 863
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,353 1,321 1,314 1,189 1,099 1,088 1,035 994 976 918 863
Common Stock		 2,854 2,858 2,863 2,864 2,867 2,864 2,867 2,866 2,868 2,863 2,847
Retained Earnings		 -1,497 -1,530 -1,544 -1,669 -1,764 -1,772 -1,828 -1,872 -1,891 -1,945 -1,984
Noncontrolling Interest		 1.15 1.11 1.12 1.13 0.30 -1.00 -4.04 -6.10 -8.38 -12 -14

Annual Metrics And Ratios for BrightSpire Capital

This table displays calculated financial ratios and metrics derived from BrightSpire Capital's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 127,886,796.00 128,538,703.00 128,582,965.00 129,764,822.00 - - - 129,732,929.00
DEI Adjusted Shares Outstanding		 0.00 0.00 127,886,796.00 128,538,703.00 128,582,965.00 129,764,822.00 - - - 129,732,929.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -1.39 -3.60 -2.92 -0.81 - - - -0.30
Growth Metrics		 - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.60 $1.86 ($1.41) $0.00 ($2.75) ($0.79) $0.35 ($0.12) ($1.05) ($0.26)
Adjusted Weighted Average Basic Shares Outstanding		 44.40M 44.40M 127.81M 128.52M 129.98M 128.50M 127.30M 127.06M 127.44M 126.88M
Adjusted Diluted Earnings per Share		 $1.60 $1.86 ($1.41) $0.00 ($2.75) ($0.79) $0.34 ($0.12) ($1.05) ($0.26)
Adjusted Weighted Average Diluted Shares Outstanding		 44.40M 44.40M 127.81M 128.52M 129.98M 128.50M 129.30M 127.06M 127.44M 126.88M
Adjusted Basic & Diluted Earnings per Share		 $1.60 $1.86 ($1.41) $0.00 ($2.75) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 44.40M 44.40M 120.68M 128.52M 128.55M 129.77M 128.87M 129.99M 129.69M 128.63M
Debt Service Ratios		 - - - - - - - - - -
Payout Ratios		 - - - - - - - - - -

Quarterly Metrics And Ratios for BrightSpire Capital

This table displays calculated financial ratios and metrics derived from BrightSpire Capital's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 129,685,185.00 130,461,995.00 129,993,935.00 129,732,929.00 128,627,246.00 130,278,065.00
DEI Adjusted Shares Outstanding		 - - - - - 129,685,185.00 130,461,995.00 129,993,935.00 129,732,929.00 128,627,246.00 130,278,065.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 0.03 -0.19 -0.01 -0.12 0.02 -0.15
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -3.29% -15.83% -16.75% -32.77% -42.00% -40.86% -46.63% -11.60% - 4.58% 21.94%
EBITDA Growth		 -158.31% -619.93% -7,365.72% 3.31% -23.50% 135.63% 41.50% -60.60% - -3.14% 80.68%
EBIT Growth		 -391.16% -341.87% -852.82% -7.05% -29.00% 107.02% 31.62% -112.28% - -19.37% 58.21%
NOPAT Growth		 -369.09% -341.87% -852.82% -7.84% -29.00% 109.32% 31.62% -108.78% - -15.78% 58.21%
Net Income Growth		 -485.97% -1,259.04% -816.02% -7.84% -29.65% 106.49% 63.35% -111.42% - -15.78% 19.82%
EPS Growth		 -500.00% -1,400.00% -783.33% 0.00% -33.33% 108.89% 64.15% -100.00% - -25.00% 21.05%
Operating Cash Flow Growth		 0.30% -38.05% -1.00% -18.69% -32.14% -57.27% -23.74% -4.48% - 4.07% 68.79%
Free Cash Flow Firm Growth		 402.44% 39.00% -32.55% -33.66% -19.25% -35.86% -38.32% 0.63% - -130.30% -150.83%
Invested Capital Growth		 -12.28% -14.85% -13.78% -12.08% -11.44% -10.41% -9.95% -14.17% - 3.65% 4.68%
Revenue Q/Q Growth		 1.03% -11.77% -9.17% -16.97% -12.84% -10.03% -18.04% 37.55% - -2.73% -4.44%
EBITDA Q/Q Growth		 -135.46% -513.32% -29.11% 136.79% -142.39% 276.96% -311.98% 124.78% - 644.08% -142.30%
EBIT Q/Q Growth		 -228.34% -252.98% -20.46% 117.03% -278.12% 119.20% -1,273.83% 96.94% - 120.12% -708.39%
NOPAT Q/Q Growth		 -190.99% -252.98% -20.46% 123.82% -227.35% 125.49% -984.17% 96.94% - 127.90% -538.69%
Net Income Q/Q Growth		 -231.63% -250.11% -20.27% 116.63% -285.17% 117.53% -778.86% 94.82% - 119.52% -746.30%
EPS Q/Q Growth		 -233.33% -275.00% -17.78% 116.98% -277.78% 125.00% -575.00% 100.00% - 127.27% -600.00%
Operating Cash Flow Q/Q Growth		 -5.35% -32.49% -7.03% 36.87% -21.01% -57.49% 65.95% 71.43% - -28.22% 169.15%
Free Cash Flow Firm Q/Q Growth		 -29.29% 12.64% -14.47% -2.62% -13.92% -10.54% -17.75% 58.87% - -193.48% -37.98%
Invested Capital Q/Q Growth		 -3.98% -5.68% -4.39% 1.54% -3.28% -4.58% -3.91% -3.22% - 2.96% -2.95%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -21.36% -148.44% -210.99% 93.49% -45.47% 89.43% -231.31% 41.67% - 82.52% -36.52%
EBIT Margin		 -46.05% -184.24% -244.33% 50.12% -102.43% 21.86% -313.10% -6.96% - 16.85% -107.30%
Profit (Net Income) Margin		 -46.64% -185.05% -245.03% 49.07% -104.25% 20.32% -168.27% -6.34% - 16.36% -110.65%
Tax Burden Percent		 101.27% 100.44% 100.28% 97.91% 101.78% 92.93% 53.75% 91.00% - 97.08% 103.13%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 2.09% 0.00% 7.07% 0.00% 0.00% - 2.92% 0.00%
Return on Invested Capital (ROIC)		 -1.06% -4.22% -5.65% 1.47% -1.95% 0.51% -4.92% -0.11% - 0.35% -1.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.23% -4.84% -6.42% 1.47% -2.20% 0.51% -4.60% -0.12% - 0.35% -2.02%
Return on Net Nonoperating Assets (RNNOA)		 -2.70% -10.73% -14.21% 3.32% -4.94% 1.13% -10.48% -0.27% - 0.90% -5.29%
Return on Equity (ROE)		 -3.76% -14.96% -19.86% 4.79% -6.89% 1.64% -15.39% -0.38% - 1.25% -7.04%
Cash Return on Invested Capital (CROIC)		 12.70% 14.88% 12.48% 10.53% 9.63% 9.53% 9.41% 13.91% - -4.82% -5.28%
Operating Return on Assets (OROA)		 -1.44% -5.78% -7.72% 1.43% -2.65% 0.52% -6.69% -0.14% - 0.35% -2.32%
Return on Assets (ROA)		 -1.46% -5.81% -7.74% 1.40% -2.70% 0.49% -3.59% -0.13% - 0.34% -2.40%
Return on Common Equity (ROCE)		 -3.76% -14.94% -19.85% 4.79% -6.89% 1.65% -15.44% -0.38% - 1.26% -7.12%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -5.76% -11.81% -12.02% 0.00% -7.22% -3.14% -4.50% - -4.29% -3.98%
Net Operating Profit after Tax (NOPAT)		 -11 -40 -48 11 -15 3.71 -33 -1.00 - 3.12 -14
NOPAT Margin		 -32.24% -128.96% -171.03% 49.07% -71.70% 20.32% -219.17% -4.88% - 16.36% -75.11%
Net Nonoperating Expense Percent (NNEP)		 0.17% 0.61% 0.77% 0.00% 0.25% 0.00% -0.32% 0.01% - 0.00% 0.27%
SG&A Expenses to Revenue		 -21.64% -24.92% -27.46% -40.51% -44.84% -35.41% -72.36% -23.25% - -18.44% -16.07%
Operating Expenses to Revenue		 146.05% 284.24% 344.33% 49.88% 202.43% 78.14% 413.10% 106.96% - 83.15% 207.30%
Earnings before Interest and Taxes (EBIT)		 -16 -57 -68 12 -21 3.99 -47 -1.43 - 3.22 -20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -7.47 -46 -59 22 -9.22 16 -35 8.57 - 16 -6.66
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.67 0.73 0.68 0.67 0.70 0.70 0.66 0.72 - 0.78 0.82
Price to Tangible Book Value (P/TBV)		 0.67 0.73 0.68 0.67 0.70 0.70 0.66 0.72 - 0.78 0.82
Price to Revenue (P/Rev)		 6.12 6.45 5.80 6.24 7.14 8.03 8.58 9.53 - 9.70 9.16
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Dividend Yield		 12.14% 12.03% 14.04% 13.57% 12.77% 12.23% 12.67% 11.79% - 11.43% 11.74%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.80 0.83 0.82 0.78 0.78 0.82 0.82 0.84 - 0.89 0.91
Enterprise Value to Revenue (EV/Rev)		 22.95 23.39 23.03 24.43 27.03 30.83 34.60 35.73 - 41.90 39.63
Enterprise Value to EBITDA (EV/EBITDA)		 399.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 208.75
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 23.34 25.60 24.19 24.86 26.78 31.00 31.66 32.08 - 42.36 35.96
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.92 5.15 6.09 6.95 7.63 8.13 8.25 5.60 - 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.12 2.17 2.28 2.37 2.38 2.27 2.28 2.24 - 2.86 3.00
Long-Term Debt to Equity		 1.22 1.30 1.37 1.59 1.63 1.56 1.48 1.44 - 2.01 1.91
Financial Leverage		 2.20 2.22 2.21 2.25 2.24 2.22 2.28 2.31 - 2.55 2.61
Leverage Ratio		 3.35 3.36 3.36 3.41 3.41 3.38 3.44 3.48 - 3.72 3.89
Compound Leverage Factor		 3.35 3.36 3.36 3.41 3.41 3.38 3.44 3.48 - 3.72 3.89
Debt to Total Capital		 67.99% 68.41% 69.48% 70.29% 70.43% 69.46% 69.53% 69.16% - 74.10% 74.98%
Short-Term Debt to Total Capital		 28.86% 27.38% 27.73% 23.20% 22.20% 21.73% 24.35% 24.81% - 22.08% 27.28%
Long-Term Debt to Total Capital		 39.13% 41.03% 41.75% 47.09% 48.23% 47.72% 45.18% 44.35% - 52.02% 47.70%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.03% 0.03% 0.01% -0.03% -0.07% -0.12% -0.19% -0.27% - -0.34% -0.40%
Common Equity to Total Capital		 31.98% 31.56% 30.51% 29.74% 29.63% 30.66% 30.66% 31.11% - 26.24% 25.42%
Debt to EBITDA		 337.63 -82.07 -27.39 -28.35 -26.96 -77.41 -392.66 -114.69 - -197.73 172.96
Net Debt to EBITDA		 292.61 -72.32 -24.23 -23.51 -22.08 -67.77 -348.83 -102.98 - -183.29 161.43
Long-Term Debt to EBITDA		 194.31 -49.22 -16.46 -18.99 -18.46 -53.19 -255.15 -73.55 - -138.81 110.03
Debt to NOPAT		 -164.30 -54.46 -27.73 -28.29 -26.47 -45.49 -62.00 -47.67 - -60.66 -107.66
Net Debt to NOPAT		 -142.39 -47.99 -24.53 -23.46 -21.68 -39.83 -55.08 -42.80 - -56.23 -100.49
Long-Term Debt to NOPAT		 -94.55 -32.66 -16.67 -18.96 -18.13 -31.26 -40.29 -30.57 - -42.59 -68.49
Noncontrolling Interest Sharing Ratio		 0.09% 0.09% 0.06% 0.00% -0.05% -0.13% -0.28% -0.46% - -0.82% -1.07%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 548 617 528 514 442 396 326 517 - -120 -165
Operating Cash Flow to CapEx		 2,787.67% 1,037.88% 0.00% 1,037.62% 2,933.97% 417.70% 296.61% 1,220.30% - 670.84% 5,882.60%
Free Cash Flow to Firm to Interest Expense		 12.77 15.37 13.86 13.22 12.00 12.29 10.19 16.49 - -3.59 -4.75
Operating Cash Flow to Interest Expense		 0.85 0.61 0.60 0.80 0.67 0.33 0.55 0.95 - 0.33 0.84
Operating Cash Flow Less CapEx to Interest Expense		 0.82 0.55 0.60 0.73 0.65 0.25 0.36 0.87 - 0.28 0.83
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.02 0.02 0.02 - 0.02 0.02
Fixed Asset Turnover		 0.18 0.18 0.17 0.15 0.13 0.11 0.10 0.10 - 0.10 0.13
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,994 3,767 3,602 3,657 3,537 3,375 3,243 3,139 - 3,498 3,395
Invested Capital Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.02 - 0.02 0.02
Increase / (Decrease) in Invested Capital		 -559 -657 -576 -502 -457 -392 -358 -518 - 123 152
Enterprise Value (EV)		 3,212 3,137 2,959 2,862 2,770 2,769 2,656 2,647 - 3,111 3,072
Market Capitalization		 857 865 745 732 731 721 659 706 - 720 710
Book Value per Share		 $9.83 $9.34 $8.41 $8.33 $8.08 $7.98 $7.62 $7.51 - $7.14 $6.62
Tangible Book Value per Share		 $9.83 $9.34 $8.41 $8.33 $8.08 $7.98 $7.62 $7.51 - $7.14 $6.62
Total Capital		 3,994 3,767 3,602 3,657 3,537 3,375 3,243 3,139 - 3,498 3,395
Total Debt		 2,716 2,577 2,503 2,570 2,491 2,344 2,255 2,171 - 2,592 2,546
Total Long-Term Debt		 1,563 1,546 1,504 1,722 1,706 1,611 1,465 1,392 - 1,820 1,619
Net Debt		 2,353 2,271 2,214 2,131 2,041 2,052 2,003 1,949 - 2,403 2,376
Capital Expenditures (CapEx)		 1.31 2.37 -0.13 3.01 0.84 2.51 5.88 2.45 - 1.63 0.50
Net Nonoperating Expense (NNE)		 5.04 17 21 0.00 6.60 0.00 -7.61 0.30 - 0.00 6.48
Net Nonoperating Obligations (NNO)		 2,716 2,577 2,503 2,570 2,491 2,344 2,255 2,171 - 2,592 2,546
Total Depreciation and Amortization (D&A)		 8.64 11 9.35 10 12 12 12 10 - 13 13
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.13) ($0.45) ($0.53) $0.10 ($0.17) $0.04 ($0.19) $0.00 ($0.11) $0.03 ($0.15)
Adjusted Weighted Average Basic Shares Outstanding		 127.06M 127.33M 127.99M 127.52M 127.44M 127.08M 127.25M 126.94M 126.88M 125.93M 126.71M
Adjusted Diluted Earnings per Share		 ($0.12) ($0.45) ($0.53) $0.09 ($0.16) $0.04 ($0.19) $0.00 ($0.11) $0.03 ($0.15)
Adjusted Weighted Average Diluted Shares Outstanding		 127.06M 127.33M 127.99M 130.14M 127.44M 129.86M 127.25M 129.85M 126.88M 128.92M 126.71M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 129.99M 130.64M 130.63M 129.69M 129.69M 130.46M 129.99M 129.73M 128.63M 130.28M 126.52M
Normalized Net Operating Profit after Tax (NOPAT)		 -6.52 -35 -12 18 -9.98 9.81 7.74 4.37 - 8.07 -3.63
Normalized NOPAT Margin		 -18.64% -113.58% -41.27% 77.45% -49.20% 53.74% 51.74% 21.25% - 42.25% -19.88%
Pre Tax Income Margin		 -46.05% -184.24% -244.33% 50.12% -102.43% 21.86% -313.10% -6.96% - 16.85% -107.30%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.38 -1.42 -1.80 0.30 -0.56 0.12 -1.47 -0.05 - 0.10 -0.56
NOPAT to Interest Expense		 -0.26 -0.99 -1.26 0.29 -0.39 0.12 -1.03 -0.03 - 0.09 -0.39
EBIT Less CapEx to Interest Expense		 -0.41 -1.48 -1.80 0.22 -0.59 0.05 -1.65 -0.12 - 0.05 -0.58
NOPAT Less CapEx to Interest Expense		 -0.29 -1.05 -1.26 0.22 -0.42 0.04 -1.21 -0.11 - 0.04 -0.41
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -665.54% -151.75% -80.20% -79.79% -73.10% -125.58% -283.99% -189.47% - -213.87% -244.97%
Augmented Payout Ratio		 -665.54% -151.75% -80.20% -84.83% -77.96% -125.58% -317.98% -200.79% - -213.87% -321.85%

Financials Breakdown Chart

Key Financial Trends

BrightSpire Capital (NYSE: BRSP) showed a sharp rebound in Q1 2026 versus the same period a year earlier, with net income and operating cash flow both improving meaningfully. That said, the company still relies heavily on leverage, and the balance sheet remains sensitive to credit performance and financing costs.

  • Q1 2026 net income returned to profitability. BRSP reported $3.1 million of net income in Q1 2026, versus a $57.1 million loss in Q1 2025 and a $16.0 million loss in Q4 2025 on a quarterly basis.
  • Operating cash flow improved materially year over year. Net cash from operating activities was $10.9 million in Q1 2026, up from $10.5 million in Q1 2025 and far better than some of the weaker quarters in 2024-2025.
  • Revenue held relatively steady quarter to quarter. Total revenue was $19.1 million in Q1 2026, close to $19.6 million in Q4 2025 and above Q1 2025’s $18.3 million.
  • Net interest income improved versus the prior year period. Net interest income was $16.1 million in Q1 2026, up from $15.9 million in Q1 2025, helped by stable interest income and a modestly lower interest expense burden.
  • Equity increased from year-end levels. Total equity and noncontrolling interests rose to $906.2 million at March 31, 2026 from $988.3 million at June 30, 2025 and $968.0 million at September 30, 2025, though it remained below earlier 2025 levels.
  • Loan balances continued to grow again in Q1 2026. Net loans and leases rose to $2.64 billion from $2.24 billion in Q3 2025, indicating a larger earning asset base, but also greater credit exposure.
  • Dividend remained in place. BRSP continued paying a $0.16 quarterly dividend per share, which may appeal to income-focused investors if earnings stay stable.
  • Non-interest expenses remain elevated. Q1 2026 non-interest expense totaled $15.9 million, including $8.6 million of depreciation and $5.1 million of special charges, keeping profitability under pressure.
  • Other operating items were still volatile. The company has posted large swings in non-interest income and expense over the last several quarters, making earnings less predictable.
  • Leverage is still high. At March 31, 2026, BRSP carried about $2.59 billion of debt versus $906 million of equity, so financing conditions and asset performance remain critical.

Longer-term trend: BrightSpire’s results over the last four years have been uneven, with strong quarters in parts of 2022-2024, but also several large losses in 2024 and 2025. The most encouraging recent development is the return to positive net income in Q1 2026, along with positive operating cash flow. The main risk is that the business model remains highly exposed to credit losses, interest-rate moves, and the need to refinance a sizable debt load.

Bottom line: BRSP’s latest quarter looks better than the prior year and much better than some recent quarters, but investors should view the improvement as a recovery signal rather than proof of a durable turnaround.

07/31/26 10:51 AM ETAI Generated. May Contain Errors.

BrightSpire Capital Financials - Frequently Asked Questions

According to the most recent income statement we have on file, BrightSpire Capital's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

BrightSpire Capital's net income appears to be on an upward trend, with a most recent value of -$38.77 million in 2025, falling from $109.02 million in 2016. The previous period was -$135.52 million in 2024. Find out what analysts predict for BrightSpire Capital in the coming months.

Over the last 9 years, BrightSpire Capital's total revenue changed from $114.98 million in 2016 to $73.41 million in 2025, a change of -36.2%.

BrightSpire Capital's total liabilities were at $2.64 billion at the end of 2025, a 1.5% decrease from 2024, and a 510.5% increase since 2017.

In the past 8 years, BrightSpire Capital's cash and equivalents has ranged from $25.20 million in 2017 to $474.82 million in 2020, and is currently $66.79 million as of their latest financial filing in 2025.


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Financial statements for NYSE:BRSP last updated on 7/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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