BrightSpire Capital, Inc. (BRSP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
590 MADISON AVENUE NEW YORK, NY 10022 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 302,173 | 257,506 | 306,320 | 259,722 | 474,817 | 69,619 | |||
| Cash and cash equivalent | 302,173 | 257,506 | 306,320 | 259,722 | 474,817 | 69,619 | |||
| Financing receivable, accrued interest, after allowance for credit loss | ✕ | ✕ | 15,900 | 16,400 | ✕ | ||||
| Total current assets: | 302,173 | 273,406 | 322,720 | 259,722 | 474,817 | 69,619 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 23,238 | 22,094 | 25,237 | 24,970 | 22,056 | 25,480 | |||
| Long-term investments and receivables | 2,235 | 2,251 | 3,035 | 20,591 | 373,364 | 595,305 | |||
| Long-term investments | 2,235 | 2,251 | 3,035 | 20,591 | 373,364 | 595,305 | |||
| Total noncurrent assets: | 25,473 | 24,345 | 28,272 | 45,561 | 395,420 | 620,785 | |||
| Other undisclosed assets | 3,395,832 | 3,900,503 | 4,399,397 | 5,333,086 | 5,341,700 | 6,723,902 | |||
| TOTAL ASSETS: | 3,723,478 | 4,198,254 | 4,750,389 | 5,638,369 | 6,211,937 | 7,414,306 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 21,147 | 24,202 | 26,198 | 34,612 | 32,569 | 31,510 | |||
| Deferred income tax liabilities | 21,147 | 24,202 | 26,198 | 34,612 | 32,569 | 31,510 | |||
| Total noncurrent liabilities: | 21,147 | 24,202 | 26,198 | 34,612 | 32,569 | 31,510 | |||
| Other undisclosed liabilities | 2,656,520 | 2,895,586 | 3,335,167 | 4,112,442 | 4,220,690 | 5,181,446 | |||
| Total liabilities: | 2,677,667 | 2,919,788 | 3,361,365 | 4,147,054 | 4,253,259 | 5,212,956 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,048,218 | 1,277,335 | 1,387,768 | 1,455,288 | 1,665,673 | 2,119,022 | |||
| Common stock | 1,297 | 1,300 | 1,289 | 1,298 | 1,286 | ||||
| Additional paid in capital | 2,865,341 | 2,864,883 | 2,853,723 | 2,855,766 | 2,844,023 | 2,909,181 | |||
| Accumulated other comprehensive income (loss) | (6,337) | (2,556) | (676) | 8,786 | 54,588 | 28,294 | |||
| Accumulated deficit | (1,812,083) | (1,586,292) | (1,466,568) | (1,410,562) | (1,234,224) | (819,738) | |||
| Other undisclosed equity, attributable to parent | 1,285 | ||||||||
| Equity, attributable to noncontrolling interest | (2,407) | 1,131 | 1,256 | 36,027 | 293,005 | 82,328 | |||
| Total equity: | 1,045,811 | 1,278,466 | 1,389,024 | 1,491,315 | 1,958,678 | 2,201,350 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,723,478 | 4,198,254 | 4,750,389 | 5,638,369 | 6,211,937 | 7,414,306 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 358,805 | 415,081 | 364,618 | 194,306 | 291,012 | 588,602 | ||
| Operating lease, lease income | 102,729 | 93,276 | 88,262 | 93,313 | 168,897 | 205,153 | ||
| Loss on disposition of assets for financial service operations | (854) | (36,623) | ||||||
| Net investment income | 244,773 | 298,702 | 236,181 | 168,845 | 156,851 | 175,169 | ||
| Realized investment gains (losses) | (854) | (36,623) | 2,772 | |||||
| Cost of revenue | (232,996) | (202,698) | (160,039) | (75,284) | (232,122) | (220,572) | ||
| Provision for loan, lease, and other losses | 1,432 | (78,561) | (220,572) | |||||
| Gross profit: | 125,809 | 212,383 | 204,579 | 119,022 | 58,890 | 368,030 | ||
| Operating expenses | (106,584) | (54,244) | (48,740) | (195,731) | (129,131) | (700,705) | ||
| Operating income (loss): | 19,225 | 158,139 | 155,839 | (76,709) | (70,241) | (332,675) | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 228 | 613 | 37,359 | 80,216 | (110,216) | 9,267 | ||
| Interest and debt expense | (27,026) | (173,309) | (111,806) | (55,484) | (63,043) | (87,730) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (126,884) | (9,055) | (32,188) | 84,787 | (7,809) | (85,280) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (134,457) | (23,612) | 49,204 | 32,810 | (251,309) | (496,418) | ||
| Income (loss) from equity method investments | 9,055 | 25 | (131,115) | (135,173) | 36,942 | |||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | (134,457) | (14,557) | 49,229 | (98,305) | (386,482) | (459,476) | ||
| Income tax expense (benefit) | (1,060) | (1,062) | (2,440) | (6,276) | 10,898 | (3,172) | ||
| Income (loss) from continuing operations: | (135,517) | (15,619) | 46,789 | (104,581) | (375,584) | (462,648) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (104,581) | (375,584) | (462,648) | |
| Net income (loss): | (135,517) | (15,619) | 46,789 | (104,581) | (375,584) | (462,648) | ||
| Net income (loss) attributable to noncontrolling interest | 3,538 | 70 | (1,001) | 3,535 | 22,285 | 48,136 | ||
| Net income (loss) attributable to parent: | (131,979) | (15,549) | 45,788 | (101,046) | (353,299) | (414,512) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (1,928) | (1,604) | (322) | (2,187) | ||||
| Net income (loss) available to common stockholders, diluted: | (133,907) | (15,549) | 44,184 | (101,046) | (353,621) | (416,699) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (135,517) | (15,619) | 46,789 | (104,581) | (375,584) | (462,648) | ||
| Other comprehensive income (loss) | (3,781) | (1,880) | (9,300) | (47,421) | 28,842 | 29,407 | ||
| Comprehensive income (loss): | (139,298) | (17,499) | 37,489 | (152,002) | (346,742) | (433,241) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (714) | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3,538 | 70 | (1,163) | 4,832 | 19,739 | 48,136 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (135,760) | (17,429) | 36,326 | (147,170) | (327,003) | (385,819) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.