$DBRG-PJ

DigitalBridge Group, Inc.

CIK:0001679688|SEC Filings

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Fee revenue	$ 87,837	$ 85,262	$ 175,146	$ 175,401
Carried interest allocation (reversal)	286,018	(115,074)	241,289	(170,538)
Principal investment income	127,838	20,437	152,424	25,744
Other income	6,986	6,168	12,056	11,633
Total revenues	508,679	(3,207)	580,915	42,240
Expenses
Compensation expense—cash and equity-based	50,464	47,002	99,614	93,112
Compensation expense—incentive fee and carried interest allocation (reversal)	185,455	(43,372)	162,315	(65,676)
Administrative and other expenses	21,784	11,440	41,521	27,386
Interest expense	5,484	4,570	9,027	8,468
Transaction-related costs	6,192	4,208	20,360	8,629
Depreciation and amortization	5,498	8,585	10,818	15,811
Total expenses	274,877	32,433	343,655	87,730
Other gain (loss), net	4,494	9,063	8,547	8,544
Income (loss) from continuing operations before income taxes	238,296	(26,577)	245,807	(36,946)
Income tax benefit (expense)	(941)	(753)	(933)	(1,054)
Income (loss) from continuing operations	237,355	(27,330)	244,874	(38,000)
Income (loss) from discontinued operations	(426)	1,646	(5,929)	(2,539)
Net income (loss)	236,929	(25,684)	238,945	(40,539)
Net income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	882	1,397	2,008	649
Investment entities	3,435	(59,785)	(15,778)	(87,667)
Operating Company	5,272	1,082	5,410	1,075
Net income (loss) attributable to DigitalBridge Group, Inc.	227,340	31,622	247,305	45,404
Preferred stock dividends	14,660	14,660	29,320	29,320
Net income (loss) attributable to common stockholders	$ 212,680	$ 16,962	$ 217,985	$ 16,084
Income (loss) per share—basic
Income (loss) from continuing operations per common share - basic (in dollars per share)	$ 1.15	$ 0.09	$ 1.22	$ 0.10
Net income (loss) attributable to common stockholders per common share - basic (in dollars per share)	1.15	0.10	1.19	0.09
Income (loss) per share—diluted
Income (Loss) from continuing operations per common share - diluted (in dollars per share)	1.15	0.09	1.21	0.10
Net income (loss) attributable to common stockholders per common share - diluted (in dollars per share)	$ 1.15	$ 0.10	$ 1.18	$ 0.09
Weighted average number of shares
Basic (in shares)	181,131	173,059	180,237	172,373
Diluted (in shares)	182,086	173,093	181,157	172,449
Dividends declared per common share (in dollars per share)	$ 0.01	$ 0.01	$ 0.02	$ 0.02

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net income (loss)	$ 238,945	$ (40,539)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Unrealized carried interest (allocation) reversal, net	(78,842)	105,220
Unrealized principal investment (income) loss	(142,632)	(24,525)
Realized principal investment loss	4,574	40,256
Equity-based compensation	14,600	17,859
Amortization of deferred financing costs	1,426	1,630
Depreciation and amortization	10,818	15,811
Deferred income tax (benefit) expense	(565)	(1,161)
Other (gain) loss, net	(416)	(11,714)
(Increase) decrease in other assets and due from affiliates	23,190	23,260
Increase (decrease) in other liabilities and due to affiliates	(22,318)	1,935
Other adjustments, net	(1,579)	(761)
Net cash generated by (used in) operating activities	47,201	127,271
Cash Flows from Investing Activities
Contributions to and acquisition of equity investments	(177,859)	(189,766)
Return of capital from equity and debt investments	80,905	68,642
Proceeds from sale of equity investments	236,691	53,546
Purchase of fixed assets	(149)	(928)
Net cash generated by (used in) investing activities	139,588	(68,506)
Cash Flows from Financing Activities
Dividends paid to preferred stockholders	(29,320)	(29,320)
Dividends paid to common stockholders	(3,651)	(3,510)
Borrowings on corporate debt	300,000	0
Repayment of corporate debt	(300,000)	0
Payment of corporate debt offering cost	(8,464)	0
Shares canceled for tax withholdings on vested equity awards	(12,767)	(5,437)
Contributions from noncontrolling interests	10,384	18,425
Distributions to and redemption of noncontrolling interests	(22,576)	(5,222)
Net cash generated by (used in) financing activities	(66,394)	(25,064)
Effect of foreign exchange on cash, cash equivalents and restricted cash	(1,102)	5,022
Net increase (decrease) in cash, cash equivalents and restricted cash	119,293	38,723
Cash, cash equivalents and restricted cash—beginning of period	395,490	306,298
Cash, cash equivalents and restricted cash—end of period	514,783	345,021
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets
Cash and cash equivalents	382,508	302,154
Restricted cash	12,982	4,144
Cash, cash equivalents and restricted cash—beginning of period	395,490	306,298
Cash and cash equivalents	508,221	340,698
Restricted cash	6,562	4,323
Cash, cash equivalents and restricted cash—end of period	514,783	345,021
Supplemental Disclosure of Cash Flow Information
Cash paid for interest	7,514	6,903
Cash paid (received) for income taxes	2,025	1,642
Operating lease payments for corporate offices	5,013	4,362
Supplemental Disclosure of Cash Flows from Discontinued Operations
Net cash generated by (used in) operating activities of discontinued operations	1,997	(275)
Supplemental Disclosure of Noncash Investing and Financing Activities
Dividends and distributions payable	16,557	16,545
Redemption of OP units for common stock	19,528	28,193
Operating lease liabilities arising from establishment of ROU assets for corporate offices	$ 20	$ 4,007

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 508,221	$ 382,508
Restricted cash	6,562	12,982
Investments	2,612,683	2,266,403
Goodwill	465,602	465,602
Intangible assets	38,678	48,395
Other assets	41,246	138,914
Due from affiliates	90,527	104,378
Total assets	3,763,519	3,419,182
Liabilities
Debt	291,766	298,804
Other liabilities	825,474	670,155
Total liabilities	1,117,240	968,959
Commitments and contingencies (Note 16)
Redeemable noncontrolling interests	42,749	33,226
Stockholders’ equity:
Preferred stock, $0.01 par value per share; $821,899 liquidation preference; 250,000 shares authorized; 32,876 shares issued and outstanding	794,670	794,670
Additional paid-in capital	8,091,683	8,066,683
Accumulated deficit	(6,547,204)	(6,761,498)
Accumulated other comprehensive income (loss)	4,449	5,616
Total stockholders’ equity	2,345,465	2,107,297
Noncontrolling interests in investment entities	233,605	268,977
Noncontrolling interests in Operating Company	24,460	40,723
Total equity	2,603,530	2,416,997
Total liabilities, redeemable noncontrolling interests and equity	3,763,519	3,419,182
Class A Common Stock
Stockholders’ equity:
Common stock	1,867	1,826
Class B Common Stock
Stockholders’ equity:
Common stock	$ 0	$ 0