Franklin Bsp Rlty Tr Inc Financials
This page shows Franklin Bsp Rlty Tr Inc (FBRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Cash collection and funding costs, not simple revenue growth, drive this asset-heavy, liability-funded business.
FY2025 shows a sharp earnings-quality rebound: operating cash flow rose to$291.9M while net income was only$84.1M . In FY2024, cash flow had been just$57.2M , so the latest year was funded far more by cash actually arriving than by accounting profit, which matters when dividends consumed$145.6M .
The balance sheet remains liability-funded, with assets near
Revenue in FY2025 returned to about the FY2023 level, but asset efficiency did not: ROA was only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Franklin Bsp Rlty Tr 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.
Franklin Bsp Rlty Tr Inc's revenue surged 20.9% year-over-year to $270.1M, reflecting rapid business expansion. This strong growth earns a score of 34/100.
Franklin Bsp Rlty Tr Inc has a moderate D/E ratio of 3.08. This balance of debt and equity financing earns a leverage score of 39/100.
Franklin Bsp Rlty Tr Inc generates a 5.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is down from 6.1% the prior year.
Franklin Bsp Rlty Tr Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Franklin Bsp Rlty Tr Inc generates $3.47 in operating cash flow ($291.9M OCF vs $84.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Franklin Bsp Rlty Tr Inc generated $270.1M in revenue in fiscal year 2025. This represents an increase of 20.9% from the prior year.
Franklin Bsp Rlty Tr Inc reported $84.1M in net income in fiscal year 2025. This represents a decrease of 9.0% from the prior year.
Franklin Bsp Rlty Tr Inc earned $0.64 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 22.0% from the prior year.
Cash & Balance Sheet
Franklin Bsp Rlty Tr Inc held $167.3M in cash against $0 in long-term debt as of fiscal year 2025.
Franklin Bsp Rlty Tr Inc paid $1.42 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Franklin Bsp Rlty Tr Inc had 82M shares outstanding in fiscal year 2025. This represents a decrease of 1.8% from the prior year.
Margins & Returns
Franklin Bsp Rlty Tr Inc's net profit margin was 31.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 10.2 percentage points from the prior year.
Franklin Bsp Rlty Tr Inc's ROE was 5.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the prior year.
Capital Allocation
Franklin Bsp Rlty Tr Inc spent $14.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 195.2% from the prior year.
FBRT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $74.4M-2.4% | $76.2M-14.9% | $89.5M+81.7% | $49.3M-10.4% | $55.0M-14.7% | $64.5M+19.4% | $54.0M+6.2% | $50.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.3M-12.2% | $2.7M-23.0% | $3.5M-11.0% | $3.9M+16.0% | $3.3M+43.0% | $2.3M-38.4% | $3.8M+439.9% | $704K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $27.0M-3.5% | $28.0M-5.6% | $29.7M-27.5% | $41.0M-5.4% | $43.3M+275.3% | -$24.7M-155.8% | $44.3M-49.0% | $86.7M |
| Income Tax | $929K-85.2% | $6.3M+316.2% | -$2.9M-2000.7% | -$138K-121.1% | $654K+238.9% | $193K-7.7% | $209K+278.6% | -$117K |
| Net Income | $12.0M-38.6% | $19.5M+12.7% | $17.3M-25.4% | $23.2M-3.6% | $24.1M-11.0% | $27.0M-14.5% | $31.6M+1553.5% | -$2.2M |
| EPS (Diluted) | $0.07 | N/A | $0.12-36.8% | $0.19-5.0% | $0.20 | N/A | $0.30+372.7% | $-0.11 |
FBRT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.3B+4.0% | $6.1B-2.6% | $6.2B+10.4% | $5.6B-0.4% | $5.7B-5.8% | $6.0B-5.3% | $6.3B+1.0% | $6.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $115.6M-30.9% | $167.3M+43.4% | $116.7M-71.8% | $414.1M+92.3% | $215.4M+16.8% | $184.4M-46.7% | $346.2M+265.2% | $94.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $92.0M0.0% | $92.0M+1.3% | $90.8M | N/A | N/A | $0 | N/A | N/A |
| Total Liabilities | $4.7B+6.7% | $4.4B-2.8% | $4.6B+12.8% | $4.0B-0.3% | $4.1B-7.6% | $4.4B-7.0% | $4.7B+1.8% | $4.6B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.4B-3.5% | $1.4B-2.1% | $1.5B-1.1% | $1.5B-0.7% | $1.5B-0.9% | $1.5B-0.3% | $1.5B-0.2% | $1.5B |
| Retained Earnings | -$420.7M-2.3% | -$411.1M-4.6% | -$392.8M-5.1% | -$373.7M-3.7% | -$360.5M-3.6% | -$348.1M-1.7% | -$342.4M-1.4% | -$337.7M |
FBRT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$54.0M-117.3% | $312.0M+310.6% | -$148.1M-1353.3% | $11.8M-89.8% | $116.2M+311.0% | -$55.1M-156.5% | $97.4M+4990.8% | $1.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$246.1M-164.9% | -$92.9M-78.3% | -$52.1M-121.8% | $238.9M-16.8% | $286.9M+8.3% | $265.0M+143.5% | $108.8M+127.9% | -$389.9M |
| Financing Cash Flow | $251.4M+241.4% | -$177.8M-126.0% | -$78.7M-51.3% | -$52.0M+86.2% | -$375.9M-2.5% | -$366.9M-975.8% | $41.9M-82.9% | $245.6M |
| Dividends Paid | $36.0M-1.3% | $36.4M0.0% | $36.4M0.0% | $36.5M+0.6% | $36.2M0.0% | $36.2M0.0% | $36.2M0.0% | $36.2M |
| Share Buybacks | $39.8M+177.2% | $14.4M | $0 | $0 | $0 | $0 | $0-100.0% | $3.0M |
FBRT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 16.1%-9.5pp | 25.6%+6.3pp | 19.3%-27.7pp | 47.1%+3.4pp | 43.7%+1.8pp | 41.9%-16.6pp | 58.5%+62.8pp | -4.3% |
| Return on Equity | 0.9%-0.5pp | 1.4%+0.2pp | 1.2%-0.4pp | 1.6%-0.0pp | 1.6%-0.2pp | 1.8%-0.3pp | 2.1%+2.2pp | -0.1% |
| Return on Assets | 0.2%-0.1pp | 0.3%+0.0pp | 0.3%-0.1pp | 0.4%-0.0pp | 0.4%-0.0pp | 0.4%-0.1pp | 0.5%+0.5pp | -0.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 3.40+0.3 | 3.08-0.0 | 3.10+0.4 | 2.72+0.0 | 2.71-0.2 | 2.90-0.2 | 3.11+0.1 | 3.05 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Franklin Bsp Rlty Tr Inc's annual revenue?
Franklin Bsp Rlty Tr Inc (FBRT) reported $270.1M in total revenue for fiscal year 2025. This represents a 20.9% 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 Franklin Bsp Rlty Tr Inc's revenue growing?
Franklin Bsp Rlty Tr Inc (FBRT) revenue grew by 20.9% year-over-year, from $223.4M to $270.1M in fiscal year 2025.
Is Franklin Bsp Rlty Tr Inc profitable?
Yes, Franklin Bsp Rlty Tr Inc (FBRT) reported a net income of $84.1M in fiscal year 2025, with a net profit margin of 31.1%.
What is Franklin Bsp Rlty Tr Inc's net profit margin?
Franklin Bsp Rlty Tr Inc (FBRT) had a net profit margin of 31.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Franklin Bsp Rlty Tr Inc pay dividends?
Yes, Franklin Bsp Rlty Tr Inc (FBRT) paid $1.42 per share in dividends during fiscal year 2025.
What is Franklin Bsp Rlty Tr Inc's return on equity (ROE)?
Franklin Bsp Rlty Tr Inc (FBRT) has a return on equity of 5.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Franklin Bsp Rlty Tr Inc's operating cash flow?
Franklin Bsp Rlty Tr Inc (FBRT) generated $291.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Franklin Bsp Rlty Tr Inc's total assets?
Franklin Bsp Rlty Tr Inc (FBRT) had $6.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Franklin Bsp Rlty Tr Inc's debt-to-equity ratio?
Franklin Bsp Rlty Tr Inc (FBRT) had a debt-to-equity ratio of 3.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Franklin Bsp Rlty Tr Inc's return on assets (ROA)?
Franklin Bsp Rlty Tr Inc (FBRT) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Franklin Bsp Rlty Tr Inc's Piotroski F-Score?
Franklin Bsp Rlty Tr Inc (FBRT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 Franklin Bsp Rlty Tr Inc's earnings high quality?
Franklin Bsp Rlty Tr Inc (FBRT) has an earnings quality ratio of 3.47x, considered cash-backed (high quality). 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 Franklin Bsp Rlty Tr Inc?
Franklin Bsp Rlty Tr Inc (FBRT) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.