Brightspire Capital Inc Financials
Brightspire Capital Inc (BRSP) reported $330.6M in revenue for fiscal year 2025, down 7.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Balance-sheet deleveraging is the main operating story: assets and equity kept shrinking while leverage stayed stubbornly high.
Across the last three years, operating cash flow stayed positive, sliding from$137.6M to$73.0M even while net income remained negative, which suggests reported losses were driven less by day-to-day cash collection and more by non-cash hits to earnings. That cash conversion did not rebuild resilience: cash on hand dropped to$66.8M as leverage climbed to 2.6x, so internally generated cash was not enough to offset payouts and portfolio repositioning.
The company has been shrinking its asset base: total assets moved from
Cash uses still outran recurring internal cash: operating cash flow was
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Brightspire Capital Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Brightspire Capital Inc, and counted as zero in the overall score.
Not available for Brightspire Capital Inc, and counted as zero in the overall score.
Brightspire Capital Inc passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Brightspire Capital Inc reported a net loss of $31.1M while generating $73.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Brightspire Capital Inc generated $330.6M in revenue in fiscal year 2025. This represents a decrease of 7.9% from the prior year.
Brightspire Capital Inc reported -$31.1M in net income in fiscal year 2025. This represents an increase of 76.4% from the prior year.
Brightspire Capital Inc earned -$0.26 per diluted share (EPS) in fiscal year 2025. This represents an increase of 75.2% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Brightspire Capital Inc held $66.8M in cash against $2.5B in long-term debt as of fiscal year 2025.
Brightspire Capital Inc paid $0.64 per share in dividends in fiscal year 2025. This represents a decrease of 11.1% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Brightspire Capital Inc's net profit margin was -9.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 27.4 percentage points from the prior year.
Brightspire Capital Inc's ROE was -3.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 9.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Brightspire Capital Inc spent $10.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 65.8% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
BRSP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $335.8M | $330.6M-7.9% | $358.8M-13.6% | $415.1M+13.8% | $364.6M+87.7% | $194.3M-33.2% | $291.0M-50.6% | $588.6M+17.5% | $500.8M+164.3% | $189.5M+19.7% | $158.3M |
| SG&A Expenses | $34.4M | $35.0M+1.0% | $34.6M-12.3% | $39.5M+19.6% | $33.0M-34.0% | $50.0M+88.4% | $26.6M-16.9% | $31.9M+19.9% | $26.6M+110.2% | $12.7M-17.9% | $15.4M |
| Interest Expense | $20.6M | $23.7M-12.3% | $27.0M-84.4% | $173.3M+55.0% | $111.8M+101.5% | $55.5M-12.0% | $63.0M-28.1% | $87.7M+86.4% | $47.1M+124.0% | $21.0M-19.3% | $26.0M |
| Income Tax | -$15K | -$21.5M-2128.4% | $1.1M-0.2% | $1.1M-56.5% | $2.4M-61.1% | $6.3M+157.6% | -$10.9M-443.6% | $3.2M-91.4% | $37.1M+1578.4% | $2.2M+45.2% | $1.5M |
| Net Income | -$26.9M | -$31.1M+76.4% | -$132.0M-748.8% | -$15.5M-134.0% | $45.8M+145.3% | -$101.0M+71.4% | -$353.3M+14.8% | -$414.5M-146.0% | -$168.5M-290.4% | $88.5M+16.4% | $76.1M |
| EPS (Diluted) | — | -$0.26+75.2% | -$1.05-775.0% | -$0.12-135.3% | $0.34+143.0% | -$0.79+71.3% | -$2.75+15.4% | -$3.25 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BRSP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B-4.3% | $3.7B-11.3% | $4.2B-11.6% | $4.8B-15.7% | $5.6B-9.2% | $6.2B-16.2% | $7.4B-14.4% | $8.7B+370.8% | $1.8B | N/A |
| Cash & Equivalents | $66.8M-77.9% | $302.2M+17.3% | $257.5M-15.9% | $306.3M+17.9% | $259.7M-45.3% | $474.8M+582.0% | $69.6M-10.0% | $77.3M+206.8% | $25.2M+80.3% | $14.0M |
| Accounts Receivable | $45.6M+17.7% | $38.7M-6.6% | $41.5M+1.9% | $40.7M-25.3% | $54.5M+45.8% | $37.4M-19.5% | $46.5M-4.8% | $48.8M+37.4% | $35.5M | N/A |
| Total Liabilities | $2.6B-1.5% | $2.7B-8.3% | $2.9B-13.1% | $3.4B-18.9% | $4.1B-2.5% | $4.3B-18.4% | $5.2B-10.4% | $5.8B+1246.7% | $431.8M | N/A |
| Long-Term Debt | $2.5B-0.9% | $2.5B-8.3% | $2.7B-14.2% | $3.2B-0.1% | $3.2B+32.3% | $2.4B-24.9% | $3.2B+21.7% | $2.6B+572.5% | $389.7M | N/A |
| Total Equity | $938.4M-10.5% | $1.0B-17.9% | $1.3B-8.0% | $1.4B-4.6% | $1.5B-12.6% | $1.7B-21.4% | $2.1B-21.7% | $2.7B+150.7% | $1.1B-12.6% | $1.2B |
| Retained Earnings | -$1.9B-6.3% | -$1.8B-14.2% | -$1.6B-8.2% | -$1.5B-4.0% | -$1.4B-14.3% | -$1.2B-50.6% | -$819.7M-324.0% | -$193.3M-174.7% | $258.8M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities.
BRSP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $85.4M | $73.0M-29.4% | $103.4M-24.9% | $137.6M+9.9% | $125.3M+689.0% | -$21.3M-122.1% | $96.4M-29.8% | $137.2M+36.2% | $100.7M-5.9% | $107.0M+20.9% | $88.5M |
| Investing Cash Flow | -$599.1M | -$419.9M-234.1% | $313.1M-18.5% | $384.2M+330.0% | $89.3M+116.1% | -$555.8M-155.4% | $1.0B+341.0% | -$416.0M+11.0% | -$467.7M-206.5% | $439.3M+120.3% | $199.4M |
| Financing Cash Flow | $430.4M | $68.9M+121.0% | -$327.9M+41.3% | -$558.6M-246.0% | -$161.5M-142.0% | $384.4M+151.0% | -$754.1M-362.9% | $286.8M-41.2% | $487.5M+188.4% | -$551.7M-72.5% | -$319.7M |
| Dividends Paid | $83.8M | $83.0M-16.2% | $99.1M-4.7% | $104.0M+4.6% | $99.4M+91.4% | $51.9M+0.4% | $51.7M-76.3% | $217.7M+17.5% | $185.3M | $0 | $0 |
| Share Buybacks | N/A | $10.9M+65.8% | $6.6M | $0-100.0% | $18.3M | $0 | $0 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BRSP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -9.4%+27.4pp | -36.8%-33.0pp | -3.8%-16.3pp | 12.6%+64.6pp | -52.0% | -121.4% | -70.4%-36.8pp | -33.7%-80.4pp | 46.7%-1.3pp | 48.0% |
| Return on Equity | -3.3%+9.3pp | -12.6%-11.4pp | -1.2%-4.5pp | 3.3%+10.2pp | -6.9%+14.3pp | -21.2%-1.7pp | -19.6%-13.3pp | -6.2%-14.4pp | 8.2%+2.0pp | 6.2% |
| Return on Assets | -0.9%+2.7pp | -3.5%-3.2pp | -0.4%-1.3pp | 1.0%+2.7pp | -1.8%+3.9pp | -5.7%-0.1pp | -5.6%-3.6pp | -1.9%-6.8pp | 4.8% | N/A |
| Debt-to-Equity | 2.63+0.3x | 2.38+0.3x | 2.13-0.2x | 2.28+0.1x | 2.18+0.7x | 1.44-0.1x | 1.50+0.5x | 0.97+0.6x | 0.36 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Brightspire Capital Inc Ranks
Frequently Asked Questions
What is Brightspire Capital Inc's annual revenue?
Brightspire Capital Inc (BRSP) reported $330.6M in total revenue for fiscal year 2025. This represents a -7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Brightspire Capital Inc's revenue growing?
Brightspire Capital Inc (BRSP) revenue declined by 7.9% year-over-year, from $358.8M to $330.6M in fiscal year 2025.
Is Brightspire Capital Inc profitable?
No, Brightspire Capital Inc (BRSP) reported a net income of -$31.1M in fiscal year 2025, with a net profit margin of -9.4%.
How much debt does Brightspire Capital Inc have?
As of fiscal year 2025, Brightspire Capital Inc (BRSP) had $66.8M in cash and equivalents against $2.5B in long-term debt.
What is Brightspire Capital Inc's net profit margin?
Brightspire Capital Inc (BRSP) had a net profit margin of -9.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Brightspire Capital Inc pay dividends?
Yes, Brightspire Capital Inc (BRSP) paid $0.64 per share in dividends during fiscal year 2025.
What is Brightspire Capital Inc's return on equity (ROE)?
Brightspire Capital Inc (BRSP) has a return on equity of -3.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Brightspire Capital Inc's operating cash flow?
Brightspire Capital Inc (BRSP) generated $73.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Brightspire Capital Inc's total assets?
Brightspire Capital Inc (BRSP) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Brightspire Capital Inc's debt-to-equity ratio?
Brightspire Capital Inc (BRSP) had a debt-to-equity ratio of 2.63 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Brightspire Capital Inc's return on assets (ROA)?
Brightspire Capital Inc (BRSP) had a return on assets of -0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Brightspire Capital Inc's Piotroski F-Score?
Brightspire Capital Inc (BRSP) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brightspire Capital Inc's earnings high quality?
Brightspire Capital Inc (BRSP) reported a net loss of $31.1M while generating $73.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Brightspire Capital Inc?
Brightspire Capital Inc (BRSP) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.