BrightSpire Capital Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), BrightSpire Capital Inc reported net income of ($38.8M) (+71.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Interest income | $194.9M | $244.8M | $298.7M | $236.2M |
| Interest expense | ($127.3M) | $153.9M | ($173.3M) | ($111.8M) |
| Net interest income | $67.6M | $90.9M | $125.4M | $127.1M |
| Property operating income | $127.6M | $102.4M | $93.4M | $90.2M |
| Total property and other income | $135.7M | $114.0M | $107.3M | $96.2M |
| Property operating expense | $65.9M | $33.9M | $26.6M | $24.2M |
| Transaction, investment and servicing expense | $2.7M | $1.6M | $2.5M | $3.4M |
| Interest expense on real estate | $23.7M | $27.0M | $25.9M | $28.7M |
| Depreciation and amortization | $36.3M | $40.5M | $33.5M | $34.1M |
| Increase of current expected credit loss reserve | $24.0M | $135.8M | $108.1M | $70.6M |
| Impairment of operating real estate | $61.6M | $54.2M | $7.6M | — |
| Compensation and benefits (including $12,836, $11,649 and $14,056 of equity-based compensation expense, respectively) | $35.0M | $34.6M | $39.5M | $33.0M |
| Operating expense | $12.1M | $11.9M | $13.2M | $14.6M |
| Total expenses | $261.3M | $339.6M | $256.9M | $208.8M |
| Other gain (loss), net | ($2.3M) | $228.0K | $613.0K | $34.6M |
| Loss before equity in earnings of unconsolidated ventures and income taxes | ($60.3M) | ($134.5M) | ($23.6M) | $49.2M |
| Equity in earnings of unconsolidated ventures | $0 | $0 | $9.1M | $25.0K |
| Income tax benefit (expense) | $21.5M | ($1.1M) | ($1.1M) | ($2.4M) |
| Net income (loss) | ($38.8M) | ($135.5M) | ($15.6M) | $46.8M |
| Net loss attributable to noncontrolling interests in investment entities | $7.6M | $3.5M | $70.0K | $12.0K |
| Net loss attributable to BrightSpire Capital, Inc. common stockholders | ($31.1M) | ($132.0M) | ($15.5M) | $45.8M |
| Net loss per common share - basic (in dollars per share) | -$0.26 | -$1.05 | -$0.12 | $0.35 |
| Net loss per common share - diluted (in dollars per share) | -$0.26 | -$1.05 | -$0.12 | $0.34 |
| Weighted average shares of common stock outstanding - basic (in shares) | 126.9M | 127.4M | 127.1M | 127.3M |
| Weighted average shares of common stock outstanding - diluted (in shares) | 126.9M | 127.4M | 127.1M | 129.3M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Interest income | $52.1M | $49.5M | $48.9M | $48.7M |
| Interest expense | ($34.8M) | ($33.4M) | ($31.4M) | ($31.9M) |
| Net interest income | $17.2M | $16.1M | $17.5M | $16.7M |
| Property operating income | $30.4M | $32.7M | $32.5M | $35.7M |
| Other income | $1.0M | $3.0M | $2.5M | $1.6M |
| Total property and other income | $31.5M | $35.6M | $35.0M | $37.3M |
| Property operating expense | $18.5M | $20.1M | $19.7M | $16.6M |
| Transaction, investment and servicing expense | $1.5M | $832.0K | $854.0K | $562.0K |
| Interest expense on real estate | $5.1M | $5.1M | $5.2M | $6.8M |
| Depreciation and amortization | $8.2M | $8.6M | $7.2M | $10.6M |
| Increase of current expected credit loss reserve | $13.5M | $1.7M | $8.2M | $582.0K |
| Impairment of operating real estate | $9.3M | — | $2.5M | $51.1M |
| Compensation and benefits (including $3,443, $2,913, $6,361 and $7,126 of equity-based compensation expense, respectively) | $9.0M | $9.1M | $8.1M | $8.2M |
| Operating expense | $3.2M | $3.1M | $2.9M | $3.0M |
| Total expenses | $68.2M | $48.5M | $54.5M | $97.5M |
| Other loss, net | ($27.0K) | ($4.0K) | $538.0K | ($3.4M) |
| Loss before equity in earnings of unconsolidated ventures and income taxes | ($19.6M) | — | — | — |
| Equity in earnings (loss) of unconsolidated ventures | ($602.0K) | — | — | — |
| Income tax benefit (expense) | ($10.0K) | ($94.0K) | $129.0K | $21.7M |
| Net income (loss) | ($20.2M) | $3.1M | ($1.3M) | ($25.2M) |
| Net loss attributable to noncontrolling interests in investment entities | $1.9M | $1.7M | $2.3M | $2.1M |
| Net loss attributable to BrightSpire Capital, Inc. common stockholders | ($18.3M) | $4.8M | $984.0K | ($23.1M) |
| Net loss per common share - basic (in dollars per share) | -$0.15 | $0.03 | $0.00 | -$0.19 |
| Net loss per common share - diluted (in dollars per share) | -$0.15 | $0.03 | $0.00 | -$0.19 |
| Weighted average shares of common stock outstanding - basic (in shares) | 126.7M | 125.9M | 126.9M | 127.2M |
| Weighted average shares of common stock outstanding - diluted (in shares) | 126.7M | 128.9M | 129.8M | 127.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $66.8M | $302.2M | $257.5M | $306.3M |
| Restricted cash | $107.0M | $148.5M | $104.6M | $92.5M |
| Loans and preferred equity held for investment | $2.7B | $2.5B | $2.9B | $3.6B |
| Current expected credit loss reserve | ($87.4M) | ($165.9M) | ($76.0M) | ($106.2M) |
| Loans and preferred equity held for investment, net | $2.6B | $2.4B | $2.9B | $3.5B |
| Real estate, net | $679.8M | $777.4M | $808.0M | $732.5M |
| Receivables, net | $45.6M | $38.7M | $41.5M | $40.7M |
| Deferred leasing costs and intangible assets, net | $27.6M | $47.2M | $59.0M | $54.0M |
| Assets held for sale | $0 | $5.2M | $19.6M | $0 |
| Other assets | $47.1M | $51.3M | $47.7M | $55.7M |
| Total assets | $3.6B | $3.7B | $4.2B | $4.8B |
| Securitization bonds payable, net | $977.1M | $1.1B | $912.5M | $1.2B |
| Mortgage and other notes payable, net | $414.1M | $619.1M | $650.3M | $656.5M |
| Credit facilities | $1.1B | $785.2M | $1.2B | $1.3B |
| Accrued and other liabilities | $63.7M | $82.6M | $85.5M | $87.6M |
| Intangible liabilities, net | $389.0K | $2.8M | $4.1M | $4.8M |
| Escrow deposits payable | $82.5M | $80.1M | $88.6M | $79.1M |
| Dividends payable | $20.6M | $20.8M | $26.0M | $25.8M |
| Total liabilities | $2.6B | $2.7B | $2.9B | $3.4B |
| Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value per share Class A, 950,000,000 shares authorized, 128,627,246 and 129,685,185 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $1286000.00 | $1297000.00 | $1300000.00 | $1289000.00 |
| Additional paid-in capital | $2.9B | $2.9B | $2.9B | $2.9B |
| Accumulated deficit | ($1.9B) | ($1.8B) | ($1.6B) | ($1.5B) |
| Accumulated other comprehensive loss | $0 | ($6.3M) | ($2.6M) | ($676.0K) |
| Total stockholders’ equity | $938.4M | $1.0B | $1.3B | $1.4B |
| Noncontrolling interests in investment entities | ($10.0M) | ($2.4M) | $1.1M | $1.3M |
| Total equity | $928.4M | $1.0B | $1.3B | $1.4B |
| Total liabilities and equity | $3.6B | $3.7B | $4.2B | $4.8B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $68.2M | $96.6M | $113.4M | $154.3M |
| Restricted cash | $101.6M | $92.7M | $108.2M | $97.4M |
| Loans and preferred equity held for investment | $2.9B | $2.7B | $2.4B | $2.4B |
| Current expected credit loss reserve | ($98.7M) | ($85.3M) | ($126.9M) | ($136.6M) |
| Loans and preferred equity held for investment, net | $2.8B | $2.6B | $2.2B | $2.3B |
| Real estate, net | $450.3M | $691.0M | $719.7M | $732.8M |
| Receivables, net | $51.4M | $50.5M | $43.4M | $46.1M |
| Deferred leasing costs and intangible assets, net | $4.3M | $28.1M | $35.6M | $35.5M |
| Assets held for sale | $248.4M | — | $0 | $34.3M |
| Other assets | $28.5M | $44.2M | $47.9M | $53.4M |
| Total assets | $3.7B | $3.6B | $3.3B | $3.4B |
| Securitization bonds payable, net | $1.4B | $1.4B | $977.0M | $982.2M |
| Mortgage and other notes payable, net | $211.6M | $412.8M | $415.2M | $483.1M |
| Credit facilities | $926.2M | $772.3M | $778.7M | $789.7M |
| Accrued and other liabilities | $54.5M | $60.6M | $68.2M | $68.5M |
| Liabilities related to assets held for sale | $200.0M | — | — | — |
| Escrow deposits payable | $76.3M | $66.9M | $75.8M | $74.7M |
| Dividends payable | $21.9M | $22.2M | $20.8M | $20.8M |
| Total liabilities | $2.9B | $2.7B | $2.3B | $2.4B |
| Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value per share, Class A, 950,000,000 shares authorized, 126,789,991 and 128,627,246 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | $1268000.00 | $1303000.00 | $1297000.00 | $1300000.00 |
| Additional paid-in capital | $2.8B | $2.9B | $2.9B | $2.9B |
| Accumulated deficit | ($2.0B) | ($1.9B) | ($1.9B) | ($1.9B) |
| Total stockholders’ equity | $863.0M | $917.9M | $976.4M | $994.4M |
| Noncontrolling interests in investment entities | ($13.6M) | ($11.7M) | ($8.4M) | ($6.1M) |
| Total equity | $849.4M | $906.2M | $968.0M | $988.3M |
| Total liabilities and equity | $3.7B | $3.6B | $3.3B | $3.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss | ($38.8M) | ($135.5M) | ($15.6M) | $46.8M |
| Depreciation and amortization | $36.3M | $40.5M | $33.5M | $34.1M |
| Straight-line rental income | ($1.6M) | ($2.1M) | ($2.1M) | ($1.6M) |
| Amortization of above (below) market lease values, net | $324.0K | $286.0K | ($127.0K) | ($364.0K) |
| Amortization of premium/accretion of discount and fees on investments and borrowings, net | $2.8M | ($6.9M) | ($11.0M) | ($13.9M) |
| Amortization of deferred financing costs | $8.2M | $8.0M | $10.7M | $10.7M |
| Amortization of right-of-use lease assets and operating lease liabilities | ($10.0K) | $120.0K | $107.0K | $499.0K |
| Paid-in-kind interest added to loan principal, net of interest received | ($2.6M) | ($1.7M) | ($5.0M) | $3.9M |
| Designated hedges and foreign currency translation reclassified to earnings | $3.4M | — | $0 | $0 |
| Realized gain on sale of real estate, net | ($1.1M) | ($144.0K) | $0 | ($10.6M) |
| Increase of current expected credit loss reserve | $24.0M | $135.8M | $108.1M | $70.9M |
| Impairment of operating real estate | $61.6M | $53.8M | $7.6M | $0 |
| Amortization of equity-based compensation | $12.8M | $11.6M | $14.1M | $7.9M |
| Mortgage notes (above) below market value amortization | ($30.0K) | $14.0K | ($1.5M) | $140.0K |
| Deferred income tax benefit | ($22.3M) | ($1.1M) | ($1.0M) | ($2.0M) |
| Other loss, net | $0 | $0 | $1.4M | $3.6M |
| Receivables, net | ($5.5M) | $4.5M | $1.5M | ($3.1M) |
| Deferred costs and other assets | $2.4M | ($2.9M) | $189.0K | $5.2M |
| Other liabilities | ($7.0M) | ($898.0K) | ($3.1M) | ($4.8M) |
| Net cash provided by operating activities | $73.0M | $103.4M | $137.6M | $125.3M |
| Acquisition, origination and funding of loans and preferred equity held for investment, net | ($769.1M) | ($114.3M) | ($77.2M) | ($972.1M) |
| Repayment on loans held for investment | $284.1M | $420.9M | $455.9M | $909.8M |
| Proceeds from sale of real estate | $80.8M | $19.6M | $0 | $55.6M |
| Acquisition of and additions to real estate and related intangibles | ($17.9M) | ($6.1M) | ($7.1M) | ($4.0M) |
| Distributions in excess of cumulative earnings from unconsolidated ventures | $0 | $0 | $784.0K | $1.4M |
| Cash relinquished in deconsolidation of subsidiaries | ($6.4M) | — | — | — |
| Cash and restricted cash received related to consolidation of loans held for investment and real estate owned | $6.1M | $1.5M | $2.2M | — |
| Change in escrow deposits payable | $2.4M | ($8.5M) | $9.5M | $5.7M |
| Net cash (used in) provided by investing activities | ($419.9M) | $313.1M | $384.2M | $89.3M |
| Distributions paid on common stock | ($83.0M) | ($99.1M) | ($104.0M) | ($99.4M) |
| Shares canceled for tax withholding on vested stock awards | -3.9M | -4.6M | -2.9M | -1.3M |
| Repurchase of common stock | ($10.9M) | ($6.6M) | $0 | ($18.3M) |
| Borrowings from mortgage notes | $0 | $0 | $34.5M | $0 |
| Repayment of mortgage notes | ($5.3M) | ($16.1M) | ($33.9M) | ($85.2M) |
| Borrowings from master repurchase and credit facilities | $615.0M | $297.6M | $133.1M | $771.5M |
| Repayment of master repurchase and credit facilities | ($322.1M) | ($665.4M) | ($320.6M) | ($336.8M) |
| Borrowing from securitization bonds | $0 | $582.6M | $0 | $0 |
| Repayment of securitization bonds | ($112.3M) | ($403.4M) | ($258.8M) | ($337.7M) |
| Payment of deferred financing costs | ($8.6M) | ($13.0M) | ($6.0M) | ($8.9M) |
| Distributions to noncontrolling interests | $0 | $0 | ($55.0K) | ($204.0K) |
| Issuance of common stock | $0 | $16.0K | — | — |
| Net cash provided by (used in) financing activities | $68.9M | ($327.9M) | ($558.6M) | ($161.5M) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $1.1M | $69.0K | $77.0K | ($898.0K) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($276.9M) | $88.6M | ($36.7M) | $52.3M |
| Cash, cash equivalents and restricted cash - beginning of period | $450.7M | $362.1M | $398.8M | $346.6M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($17.1M) | $3.1M | ($22.8M) | ($21.5M) |
| Equity in (earnings) losses of unconsolidated ventures | $602.0K | — | — | — |
| Depreciation and amortization | $16.8M | $8.6M | $28.3M | $21.2M |
| Straight-line rental income | ($223.0K) | ($191.0K) | ($1.0M) | ($530.0K) |
| Origination fees received, net of discount accretion and fee amortization | $3.5M | — | — | — |
| Amortization of deferred financing costs | $5.1M | $2.5M | $6.2M | $4.3M |
| Paid-in-kind interest added to loan principal | ($1.0M) | ($447.0K) | — | — |
| Designated hedges and foreign currency translation reclassified to earnings | $0 | — | $3.4M | $3.4M |
| Realized loss on sale of real estate | $29.0K | $4.0K | $764.0K | $245.0K |
| Increase of current expected credit loss reserve | $15.2M | $1.7M | $8.6M | $346.0K |
| Impairment of operating real estate | $9.3M | — | $53.6M | $51.1M |
| Amortization of equity-based compensation | $6.4M | $2.9M | $9.9M | $7.1M |
| Non-cash adjustments | $54.0K | $27.0K | — | — |
| Deferred income tax (benefit) expense | $94.0K | $94.0K | ($21.8M) | ($21.8M) |
| Receivables, net | ($5.5M) | ($4.7M) | ($2.7M) | ($3.8M) |
| Deferred costs and other assets | $10.8M | $1.2M | $1.2M | ($3.3M) |
| Other liabilities | ($3.8M) | ($5.4M) | ($4.2M) | ($6.9M) |
| Net cash provided by operating activities | $40.3M | $10.9M | $57.8M | $27.9M |
| Acquisition, origination and funding of loans and preferred equity held for investment, net | ($559.5M) | ($270.4M) | ($356.6M) | ($210.7M) |
| Repayment on loans held for investment | $293.0M | $169.9M | $243.6M | $146.4M |
| Proceeds from sale of real estate | $25.8M | $25.8M | $39.6M | $5.2M |
| Cash and restricted cash received related to consolidation of loans held for investment and real estate owned | $2.4M | $2.4M | $6.1M | $4.7M |
| Cash and restricted cash relinquished in deconsolidation of subsidiaries | ($706.0K) | — | ($5.6M) | — |
| Acquisition of and additions to real estate and related intangibles | ($2.1M) | ($1.6M) | ($10.8M) | ($8.4M) |
| Change in escrow deposits payable | ($6.3M) | ($15.6M) | ($4.3M) | ($5.4M) |
| Net cash used in investing activities | ($247.3M) | ($89.5M) | ($88.1M) | ($68.2M) |
| Distributions paid on common stock | ($42.7M) | ($21.9M) | ($62.4M) | ($41.5M) |
| Shares canceled for tax withholding on vested stock awards | -4.8M | -4.8M | -3.9M | -3.9M |
| Repurchase of common stock | ($19.5M) | — | ($5.0M) | ($4.0M) |
| Repayment of mortgage notes | ($2.8M) | ($1.4M) | ($4.2M) | ($3.0M) |
| Borrowings from master repurchase and credit facilities | $937.0M | $594.4M | $229.3M | $116.2M |
| Repayment of master repurchase and credit facilities | ($1.1B) | ($900.2M) | ($235.8M) | ($111.7M) |
| Borrowing from securitization bonds | $833.2M | $833.2M | $0 | — |
| Repayment of securitization bonds | ($398.2M) | ($398.2M) | ($111.7M) | ($106.0M) |
| Payment of deferred financing costs | ($10.5M) | ($7.1M) | ($5.0M) | ($4.8M) |
| Net cash provided by (used in) financing activities | $202.9M | $94.0M | ($198.7M) | ($158.6M) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $0 | $0 | ($180.0K) | ($180.0K) |
| Net decrease in cash, cash equivalents and restricted cash | ($4.1M) | $15.4M | ($229.1M) | ($199.0M) |
| Cash, cash equivalents and restricted cash - beginning of period | $173.8M | $173.8M | $450.7M | $450.7M |
| Cash, cash equivalents and restricted cash - end of period | $169.7M | $189.3M | $221.6M | $251.7M |
| Cash and cash equivalents | $68.2M | $96.6M | $113.4M | $154.3M |
| Restricted cash | $101.6M | $92.7M | $108.2M | $97.4M |
| Total cash, cash equivalents and restricted cash | $169.7M | $189.3M | $221.6M | $251.7M |
| Cash paid for interest | $73.2M | $35.6M | — | — |
| Income taxes paid (refunded) | ($10.2M) | $0 | — | — |
BrightSpire Capital Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.