BrightSpire Capital, Inc.
BrightSpire Capital, Inc.
BrightSpire Capital, Inc. (BRSP) — SEC Financial Statements & Analysis
BrightSpire Capital, Inc. (BRSP) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Variable Interest Entity Primary Beneficiary | 1 | 1 | -3 | 0 | 4 | 4 | -1 | 1 | 7 | 5 | 0 | -1 | |||||
Common Class A | 950 | 950 | 0 | 819 | 131 | 950 | -1 | -0 | 131 | 950 | -0 | -820 | |||||
Other Assets Fair Value Disclosure | - | - | - | - | - | - | - | - | - | - | - | 3 | |||||
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 97 | 67 | 113 | 154 | 201 | 302 | 264 | 203 | 222 | 258 | 236 | 218 | |||||
Restricted Cash And Cash Equivalents | 93 | 107 | 108 | 97 | 91 | 149 | 175 | 85 | 85 | 105 | 97 | 85 | |||||
Financing Receivable Excluding Accrued Interest Be… | 2,730 | 2,678 | 2,363 | 2,392 | 2,458 | 2,519 | 2,586 | 2,754 | 2,838 | 2,937 | 3,145 | 3,220 | |||||
Financing Receivable Allowance For Credit Loss Exc… | -85 | -87 | -127 | -137 | -155 | -166 | -155 | -171 | -150 | -76 | -89 | -107 | |||||
Financing Receivable Excluding Accrued Interest Af… | 2,645 | 2,591 | 2,236 | 2,256 | 2,302 | 2,353 | 2,431 | 2,583 | 2,687 | 2,860 | 3,056 | 3,113 | |||||
Real Estate Investment Property Net | 691 | 680 | 720 | 733 | 782 | 777 | 775 | 737 | 789 | 808 | 775 | 771 | |||||
Accounts Receivable Net | 51 | 46 | 43 | 46 | 38 | 39 | 85 | 41 | 41 | 41 | 76 | 53 | |||||
Assets Held For Sale Not Part Of Disposal Group | - | 0 | 0 | 34 | 34 | 5 | 7 | 27 | 20 | 20 | - | - | |||||
Other Assets | 44 | 47 | 48 | 53 | 56 | 51 | 51 | 51 | 48 | 48 | 51 | 56 | |||||
Assets | 3,648 | 3,565 | 3,304 | 3,409 | 3,551 | 3,723 | 3,838 | 3,778 | 3,947 | 4,198 | 4,353 | 4,355 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Secured Debt | 1,407 | 977 | 977 | 982 | 983 | 1,087 | 1,087 | 864 | 907 | 913 | 993 | 993 | |||||
Notes Payable | 413 | 414 | 415 | 483 | 627 | 619 | 635 | 640 | 639 | 650 | 644 | 645 | |||||
Line Of Credit | 772 | 1,078 | 779 | 790 | 733 | 785 | 848 | 999 | 1,032 | 1,153 | 1,207 | 1,217 | |||||
Accrued Liabilities And Other Liabilities | 61 | 64 | 68 | 68 | 82 | 83 | 83 | 77 | 81 | 86 | 82 | 79 | |||||
Below Market Lease Net | - | 0 | 1 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 5 | |||||
Dividends Payable Current And Noncurrent | 22 | 21 | 21 | 21 | 21 | 21 | 21 | 26 | 26 | 26 | 26 | 26 | |||||
Liabilities | 2,742 | 2,636 | 2,336 | 2,421 | 2,520 | 2,678 | 2,752 | 2,679 | 2,757 | 2,920 | 3,037 | 3,032 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Additional Paid In Capital Common Stock | 2,861 | 2,863 | 2,866 | 2,865 | 2,866 | 2,865 | 2,862 | 2,866 | 2,863 | 2,865 | 2,862 | 2,856 | |||||
Retained Earnings Accumulated Deficit | -1,945 | -1,926 | -1,891 | -1,872 | -1,828 | -1,812 | -1,772 | -1,764 | -1,669 | -1,586 | -1,544 | -1,530 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | - | 0 | 0 | 0 | -5 | -6 | -5 | -5 | -6 | -3 | -5 | -6 | |||||
Stockholders Equity | 906 | 938 | 976 | 994 | 1,031 | 1,048 | 1,087 | 1,099 | 1,189 | 1,278 | 1,314 | 1,323 | |||||
Minority Interest In Joint Ventures | -12 | -10 | -8 | -6 | -4 | -2 | -1 | 0 | 1 | 1 | 1 | 1 | |||||
Liabilities And Stockholders Equity | 3,648 | 3,565 | 3,304 | 3,409 | 3,551 | 3,723 | 3,838 | 3,778 | 3,947 | 4,198 | 4,353 | 4,355 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.24% | -4.48% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 0.40% | 3.79% | 1.30% | 10.75% | 11.32% | 3.95% | 5.75% | 12.84% | 17.44% | -4.97% | 2.76% | 5.41% |
| 2024 | -2.09% | -5.46% | 7.72% | 1.40% | 4.36% | -1.81% | 0.32% | -3.86% | -4.09% | -1.48% | -27.46% | -12.28% |
| 2023 | 10.99% | 19.37% | 37.93% | -2.24% | -1.34% | -14.42% | 15.02% | 37.46% | 29.97% | 0.44% | -5.43% | -9.50% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | -1.48 | -1.22 | -1.51 | -1.17 | -1.50 | -1.98 | -1.81 | -1.78 | -1.40 | -1.08 | -0.96 | -1.16 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.26 | -0.25 | -0.33 | -0.23 | -0.56 | -1.06 | -1.00 | -1.01 | -0.54 | -0.12 | 0.03 | -0.22 | |||||
| Free Cash Flow Per Share TTM | 0.45 | 0.43 | 0.56 | 0.56 | 0.65 | 0.76 | 0.85 | 0.92 | 0.90 | 1.03 | 1.02 | 0.99 | |||||
| Dividend Per Share TTM | 0.67 | 0.65 | 0.66 | 0.70 | 0.74 | 0.78 | 0.82 | 0.81 | 0.82 | 0.82 | 0.82 | 0.81 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 165.43% | 165.31% | 166.20% | 166.40% | 164.80% | 162.88% | 160.69% | 158.92% | 158.76% | 158.02% | 157.16% | 155.82% | |||||
| Operating Profit Margin TTM | -22.95% | -22.72% | -32.54% | -24.67% | -32.67% | -54.93% | -49.24% | -46.10% | -23.26% | -7.90% | -0.66% | -11.91% | |||||
| Net Profit Margin TTM | -17.00% | -15.98% | -21.15% | -14.03% | -32.43% | -55.36% | -49.60% | -46.41% | -23.60% | -5.23% | 1.44% | -9.89% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -12.86% | -20.38% | -24.14% | -24.67% | -22.49% | -18.05% | -12.27% | -3.07% | 8.76% | 26.47% | 42.53% | 48.55% | |||||
| Net Income Growth (1Y) | -54.34% | -77.02% | -67.66% | -77.22% | 6.53% | 767.64% | -3,115.48% | 354.99% | -617.27% | -134.11% | -96.44% | -139.44% | |||||
| EPS Growth (1Y) | -53.92% | -76.91% | -67.51% | -77.09% | 6.73% | 765.05% | -3,107.96% | 352.10% | -614.58% | -134.18% | -96.46% | -139.62% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -20.52 | -21.51 | -14.95 | -19.36 | -8.35 | -4.45 | -4.45 | -4.46 | -9.79 | -45.00 | 133.06 | -21.05 | |||||
| P/B | 0.76 | 0.72 | 0.65 | 0.58 | 0.59 | 0.58 | 0.54 | 0.53 | 0.57 | 0.55 | 0.44 | 0.45 | |||||
| P/S TTM | 3.49 | 3.44 | 3.16 | 2.72 | 2.71 | 2.46 | 2.21 | 2.07 | 2.31 | 2.35 | 1.92 | 2.08 | |||||
| Market Cap | 684.64M | 670.13M | 631.99M | 572.26M | 610.02M | 603.06M | 582.43M | 578.52M | 671.75M | 702.78M | 576.95M | 600.46M | |||||
| Enterprise Value | 908.18M | 910.35M | 825.60M | 803.68M | 945.60M | 771.42M | 778.47M | 929.85M | 1.00B | 990.99M | 887.32M | 942.60M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 56.39M | 55.08M | 70.83M | 71.66M | 82.83M | 97.05M | 108.29M | 118.23M | 114.97M | 130.57M | 130.01M | 125.54M | |||||
| Net Debt | 223.54M | 240.23M | 193.62M | 231.43M | 335.58M | 168.36M | 196.04M | 351.33M | 332.95M | 288.20M | 310.37M | 342.13M | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
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| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
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| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
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| Altman D | |||||||||||||||||
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| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
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| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
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| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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