BrightSpire Capital, Inc. (BRSP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BRSP SEC filings page.
BrightSpire Capital, Inc. (BRSP) reported $335.8M in revenue over the twelve months to Jun 30, 2026, up 0.2% from the prior twelve months. 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).
The reported asset base shrank materially, while leverage rose relative to equity even as annual losses narrowed in FY2025.
Assets and liabilities both contracted across the five-year record, but equity also shrank; debt-to-equity rose from 2.2x to 2.6x. That combination means balance-sheet contraction did not reduce leverage borne by equity holders, because the equity base declined faster than the debt burden.
The reported net loss narrowed from
Cash movement and reported earnings diverged: 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.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. BrightSpire Capital, Inc. scores 28/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. BrightSpire Capital, Inc. scores 89/100 on it among other REITs.
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.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. BrightSpire Capital, Inc. scores 34/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. BrightSpire Capital, Inc. scores 19/100 on it among other REITs.
BrightSpire Capital, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 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 $83.5M in revenue in Q2 2026. This represents a decrease of 2.8% from the same quarter a year earlier. Against the prior quarter it is down 1.9%.
BrightSpire Capital, Inc. reported -$18.3M in net income in Q2 2026. This represents an increase of 20.7% from the same quarter a year earlier. Against the prior quarter it is down 478.4%.
BrightSpire Capital, Inc. earned -$0.15 per diluted share (EPS) in Q2 2026. This represents an increase of 21.1% from the same quarter a year earlier. Against the prior quarter it is down 600.0%.
Not reported for Q2 2026.
Cash & Balance Sheet
BrightSpire Capital, Inc. held $68.2M in cash against $2.7B in long-term debt as of Q2 2026.
BrightSpire Capital, Inc. paid $0.16 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
BrightSpire Capital, Inc.'s net profit margin was -21.9% in Q2 2026, showing the share of revenue converted to profit. This is up 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 27.6 percentage points.
BrightSpire Capital, Inc.'s ROE was -2.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.6 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
BRSP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $83.5M-2.8% | $85.1M+9.8% | $83.2M-0.4% | $83.9M-4.8% | $85.9M-6.0% | $77.6M-19.0% | $83.5M-18.8% | $88.2M-14.2% |
| SG&A Expenses | $9.0M+9.7% | $9.1M-13.2% | $8.3M+2.2% | $8.1M-1.4% | $8.2M-14.4% | $10.4M+18.9% | $8.1M-13.4% | $8.2M-31.6% |
| Interest Expense | $5.1M-24.3% | $5.1M-22.5% | $5.2M+105.8% | $5.2M-86.7% | $6.8M-82.2% | $6.6M-83.6% | -$90.0M-309.8% | $38.9M-11.0% |
| Income Tax | $10K+100.0% | $94K-66.7% | $10K-97.3% | -$129K-152.9% | -$21.7M-11267.0% | $282K+11.9% | $370K+81.4% | $244K+54.4% |
| Net Income | -$18.3M+20.7% | $4.8M-9.3% | -$14.4M+27.3% | $984K-92.3% | -$23.1M+65.9% | $5.3M+109.4% | -$19.7M-20.9% | $12.7M+2.7% |
| EPS (Basic) | -$0.15+21.1% | $0.03-25.0% | -$0.12+25.0% | $0.00-100.0% | -$0.19+64.2% | $0.04+108.9% | -$0.16-23.1% | $0.100.0% |
| EPS (Diluted) | -$0.15+21.1% | $0.03-25.0% | -$0.12+25.0% | $0.00-100.0% | -$0.19+64.2% | $0.04+108.9% | -$0.16-23.1% | $0.090.0% |
| Diluted Shares (Avg) | 127M-0.4% | 129M-0.7% | N/A | 130M-0.2% | 127M-0.6% | 130M+2.0% | N/A | 130M+0.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
BRSP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.7B+9.9% | $3.6B+2.7% | $3.6B-4.3% | $3.3B-13.9% | $3.4B-9.7% | $3.6B-10.0% | $3.7B-11.3% | $3.8B-11.8% |
| Cash & Equivalents | $68.2M-55.8% | $96.6M-51.9% | $66.8M-77.9% | $113.4M-57.0% | $154.3M-24.1% | $200.9M-9.3% | $302.2M+17.3% | $263.8M+11.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $51.4M+11.5% | $50.5M+33.6% | $45.6M+17.7% | $43.4M-49.1% | $46.1M+12.7% | $37.8M-7.6% | $38.7M-6.6% | $85.3M+11.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.9B+19.7% | $2.7B+8.8% | $2.6B-1.5% | $2.3B-15.1% | $2.4B-9.6% | $2.5B-8.6% | $2.7B-8.3% | $2.8B-9.4% |
| Long-Term Debt | $2.7B+21.8% | $2.6B+10.6% | $2.5B-0.9% | $2.2B-15.5% | $2.3B-9.9% | $2.3B-9.0% | $2.5B-8.3% | $2.6B-9.6% |
| Total Equity | $863.0M-13.2% | $917.9M-11.3% | $938.4M-10.5% | $976.4M-10.2% | $994.4M-9.5% | $1.0B-12.9% | $1.0B-17.9% | $1.1B-17.2% |
| Retained Earnings | -$2.0B-6.0% | -$1.9B-6.4% | -$1.9B-6.3% | -$1.9B-6.8% | -$1.9B-6.1% | -$1.8B-9.5% | -$1.8B-14.2% | -$1.8B-14.7% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.4M+68.8% | $10.9M+4.1% | $15.2M-38.4% | $29.9M-4.5% | $17.4M-23.7% | $10.5M-57.3% | $24.7M-32.1% | $31.3M-18.7% |
| Depreciation & Amortization | $8.2M-22.8% | $8.6M-18.2% | $8.0M-27.9% | $7.2M-28.7% | $10.6M+18.5% | $10.6M+1.6% | $11.1M+27.1% | $10.1M+14.0% |
| Stock-Based Compensation | $3.4M+18.2% | $2.9M-30.7% | N/A | $2.8M-18.3% | $2.9M-7.5% | $4.2M+95.2% | N/A | $3.4M-41.6% |
| Investing Cash Flow | -$157.8M-93.0% | -$89.5M-757.8% | -$331.9M-528.7% | -$19.9M-122.3% | -$81.8M-222.4% | $13.6M-82.9% | $77.4M-50.1% | $89.4M+188.1% |
| Financing Cash Flow | $108.8M+338.6% | $94.0M+151.3% | $267.6M+396.0% | -$40.1M-235.2% | $24.8M+123.0% | -$183.4M-15.1% | -$90.4M+44.7% | $29.7M+176.4% |
| Dividends Paid | $20.6M-1.5% | $21.9M+5.6% | $20.6M-1.0% | $20.8M-0.2% | $20.9M-20.5% | $20.7M-20.2% | $20.8M-20.0% | $20.8M-20.0% |
| Share Buybacks | N/A | N/A | $6.0M | $964K-85.4% | N/A | N/A | $0 | $6.6M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
BRSP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -21.9%+5.0pp | 5.7%-1.2pp | -17.3%+6.4pp | 1.2%-13.3pp | -26.9%+47.3pp | 6.9%+66.5pp | -23.7%-7.8pp | 14.4%+2.4pp |
| Return on Equity | -2.1%+0.2pp | 0.5%0.0pp | -1.5%+0.4pp | 0.1%-1.1pp | -2.3%+3.9pp | 0.5%+5.3pp | -1.9%-0.6pp | 1.2%+0.2pp |
| Return on Assets | -0.5%+0.2pp | 0.1%0.0pp | -0.4%+0.1pp | 0.0%-0.3pp | -0.7%+1.1pp | 0.1%+1.6pp | -0.5%-0.1pp | 0.3%+0.1pp |
| Debt-to-Equity | 3.18+0.9x | 2.82+0.6x | 2.63+0.3x | 2.22-0.1x | 2.270.0x | 2.27+0.1x | 2.38+0.3x | 2.36+0.2x |
| Asset Turnover | 0.020.0x | 0.020.0x | 0.020.0x | 0.030.0x | 0.030.0x | 0.020.0x | 0.020.0x | 0.020.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| BrightSpire Capital, Inc. BRSP | FY2025 | $330.6M | -$31.1M | -9.4% | $482.1M | 28/100 |
| TPG RE Finance Trust, Inc. TRTX | FY2025 | $146.1M | $60.3M | 41.3% | $471.4M | 18/100 |
| Redwood Trust, Inc. RWT | FY2025 | $1.2B | -$70.0M | -5.9% | $443.4M | 9/100 |
| Franklin BSP Realty Trust, Inc. FBRT | FY2025 | $270.1M | $84.1M | 31.1% | $520.7M | 28/100 |
| Ready Capital Corporation RC | FY2025 | $101.7M | -$221.1M | N/A | $186.7M | 2/100 |
| KKR Real Estate Finance Trust Inc. KREF | FY2025 | N/A | -$47.1M | N/A | $360.8M | — |
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 P/E ratio?
BrightSpire Capital, Inc. (BRSP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $482.1M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BrightSpire Capital, Inc.'s price-to-sales ratio?
BrightSpire Capital, Inc. (BRSP) trades at 1.4x sales, its market capitalization divided by revenue of $335.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $482.1M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BrightSpire Capital, Inc.'s Piotroski F-Score?
BrightSpire Capital, Inc. (BRSP) has a Piotroski F-Score of 4 out of 7 computable signals; 2 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 28 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.