BRSP Class A BrightSpire Capital, Inc. Class A Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 29, 2026
$3.81
· of 52w range
· above low
· to high
$3.7352w low
$6.1752w high
P/E (TTM)
-16.6
EPS (TTM)
$-0.23
Revenue (TTM)
$336M
your badges
52W Range
$4–$6
Analyst Rating
BUY
Price Target
$6
P/E
-16.6
ROE
-2.9%
Net Profit Margin
-8.0%
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BRSP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$3.81
P/E (TTM)
-16.6
EPS (TTM)
$-0.23
Revenue (TTM)
$336M
ROE (TTM)
-2.9%
52W Range
$4–$6
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$331M2016-12-31 → 2025-12-31
EPS$-0.262019-12-31 → 2025-12-31
Net margin-8.0%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | BRSP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -16.65Y avg ≈-16.7 | ≈-16.7 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | BRSP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Pretax Margin (TTM) | -10.1%5Y avg ≈-6.2% | ≈-6.2% | 7.7% | Below avg | |
| Net Profit Margin (TTM) | -8.0%5Y avg ≈-17.9% | ≈-17.9% | 23.8% | Weak | |
| ROA (TTM) | -0.75%5Y avg ≈-1.1% | ≈-1.1% | 1.2% | Weak | |
| ROE (TTM) | -2.9%5Y avg ≈-3.8% | ≈-3.8% | 5.6% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | BRSP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -7.9%5Y avg ≈9.4% | ≈9.4% | · | · | |
| Revenue CAGR 3Y | -3.2%5Y avg ≈10.7% | ≈10.7% | · | · | |
| Revenue CAGR 5Y | 2.6% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | BRSP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.1 | ≈0.1 | 0.0 | Top tier | |
| Revenue / Employee | ≈$7.2M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Payout Ratio-266.5%
Annualized Payout≈$0.64
5Y Div CAGR≈9.9%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 30, 2026 | $0.16 | USD | ≈16.7% |
| Jun 30, 2026 | $0.16 | USD | ≈11.7% |
| Mar 31, 2026 | $0.16 | USD | ≈11.4% |
| Dec 31, 2025 | $0.16 | USD | ≈11.4% |
| Sep 30, 2025 | $0.16 | USD | ≈11.8% |
| Jun 30, 2025 | $0.16 | USD | ≈12.7% |
| Mar 31, 2025 | $0.16 | USD | ≈12.2% |
| Dec 31, 2024 | $0.16 | USD | ≈12.8% |
| Sep 30, 2024 | $0.16 | USD | ≈13.6% |
| Jun 28, 2024 | $0.20 | USD | ≈14.0% |
| Mar 27, 2024 | $0.20 | USD | ≈11.7% |
| Dec 28, 2023 | $0.20 | USD | ≈10.4% |
| Sep 28, 2023 | $0.20 | USD | ≈12.8% |
| Jun 29, 2023 | $0.20 | USD | ≈11.8% |
| Mar 30, 2023 | $0.20 | USD | ≈13.9% |
| Dec 29, 2022 | $0.20 | USD | ≈12.7% |
| Sep 29, 2022 | $0.20 | USD | ≈12.1% |
| Jun 29, 2022 | $0.20 | USD | ≈9.5% |
| Mar 30, 2022 | $0.19 | USD | ≈7.2% |
| Dec 30, 2021 | $0.18 | USD | ≈5.9% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-8.6%
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $0.13 | $0.15 | -14.3% |
| March 31, 2026 | $0.12 | $0.16 | -26.5% | |
| Dec. 31, 2025 | $0.15 | $0.17 | -10.9% | |
| Sept. 30, 2025 | $0.16 | $0.18 | -8.8% | |
| June 30, 2025 | $0.18 | $0.16 | 13.4% | |
| March 31, 2025 | $0.16 | $0.17 | -4.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $331M | $359M | $415M | $365M | $194M | $291M | $589M | $501M | $189M | |
| SG&A Expense | · | · | · | · | $50M | $27M | $32M | $27M | $13M | |
| Operating Expenses | $261M | $340M | $257M | $671.0K | $271M | $361M | $856M | $460M | $38M | |
| Interest Expense | · | · | $173M | $112M | $55M | $63M | $88M | $47M | $21M | |
| Interest Income | $195M | $245M | $299M | $236M | $169M | $157M | $175M | $152M | $140M | |
| Pretax Income | $-60M | $-134M | $-24M | $49M | $33M | $-251M | $-496M | $-164M | $105M | |
| Income Tax | $-22M | $1M | $1M | $2M | $6M | $-11M | $3M | $37M | $2M | |
| Net Income | $-31M | $-132M | $-16M | $46M | $-101M | $-353M | $-415M | $-168M | $89M | |
| EPS (Basic) | $-0.26 | $-1.05 | $-0.12 | $0.35 | $-0.79 | $-2.75 | $-3.25 | · | · | |
| EPS (Diluted) | $-0.26 | $-1.05 | $-0.12 | $0.34 | $-0.79 | $-2.75 | $-3.25 | · | · | |
| Shares (Basic) | 126,883,000 | 127,441,000 | 127,060,000 | 127,302,000 | 128,496,000 | 128,548,000 | 128,391,000 | · | · | |
| Shares (Diluted) | 126,883,000 | 127,441,000 | 127,060,000 | 129,300,000 | 128,496,000 | 128,548,000 | 128,391,000 | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $67M | $302M | $258M | $306M | $260M | $475M | $70M | $77M | $25M | |
| Total Assets | $3.56B | $3.72B | $4.20B | $4.75B | $5.64B | $6.21B | $7.41B | $8.66B | $1.84B | |
| Deferred Tax | $0 | $21M | $24M | $26M | $35M | $33M | $32M | $37M | $120.0K | |
| Total Liabilities | $2.64B | $2.68B | $2.92B | $3.36B | $4.15B | $4.25B | $5.21B | $5.82B | $432M | |
| Long-term Debt | $2.47B | $2.49B | $2.72B | $3.16B | $3.17B | $2.39B | $3.19B | $2.62B | $390M | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | · | |
| Retained Earnings | $-1.93B | $-1.81B | $-1.59B | $-1.47B | $-1.41B | $-1.23B | $-820M | $-193M | $259M | |
| AOCI | $0 | $-6M | $-3M | $-676.0K | $9M | $55M | $28M | $-399.0K | $0 | |
| Stockholders' Equity | $938M | $1.05B | $1.28B | $1.39B | $1.46B | $1.67B | $2.12B | $2.71B | $1.08B | |
| Liabilities + Equity | $3.56B | $3.72B | $4.20B | $4.75B | $5.64B | $6.21B | $7.41B | $8.66B | $1.84B | |
| Shares Outstanding | · | · | · | · | · | · | 128,538,703 | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $36M | $41M | $34M | $34M | $36M | $60M | $103M | $91M | $9M | |
| Stock-based Comp | $13M | $12M | $14M | $8M | $14M | $4M | $11M | $7M | $0 | |
| Deferred Tax | $-22M | $-1M | $-1M | $-2M | $-85.0K | $-172.0K | $-5M | $28M | $2M | |
| Amort. of Intangibles | · | · | · | · | · | $0 | $0 | $8.0K | $8.0K | |
| Restructuring | · | · | $0 | $0 | $109M | $0 | $0 | · | · | |
| Operating Cash Flow | $73M | $103M | $138M | $125M | $-21M | $96M | $137M | $101M | $107M | |
| Investing Cash Flow | $-420M | $313M | $384M | $89M | $-556M | $1.00B | $-416M | $-468M | $439M | |
| Stock Issued | $0 | $16.0K | $0 | · | · | · | · | · | · | |
| Stock Repurchased | $11M | $7M | $0 | $18M | $0 | $0 | · | · | · | |
| Net Stock Activity | $-11M | $-7M | $0 | $-18M | · | · | · | · | · | |
| Dividends Paid | $83M | $99M | $104M | $99M | $52M | $52M | $218M | $185M | $0 | |
| Financing Cash Flow | $69M | $-328M | $-559M | $-161M | $384M | $-754M | $287M | $488M | $-552M | |
| Net Change in Cash | $-277M | $89M | $-37M | $52M | $-193M | $344M | $8M | $120M | $-5M | |
| Taxes Paid | $-2M | $2M | $268.0K | $595.0K | $5M | $-6M | $-3M | $21M | $10M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -9.4% | -36.8% | -3.8% | 12.6% | -52.0% | -121.4% | -70.4% | -33.7% | · | |
| Pretax Margin | -18.2% | -37.5% | -5.7% | 13.5% | 16.9% | -86.4% | -84.3% | -32.8% | · | |
| ROA | -0.85% | -3.3% | -0.35% | 0.88% | -1.7% | -5.2% | -5.2% | -3.2% | · | |
| ROE | -3.1% | -11.3% | -1.2% | 3.2% | -6.5% | -18.7% | -17.2% | -8.9% | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $2.61 | $2.82 | $3.27 | $2.82 | $1.51 | · | · | · | · | |
| Cash Flow / Share | $0.58 | $0.81 | $1.08 | $0.97 | $-0.17 | · | · | · | · | |
| Dividend / Share | $0.64 | $0.72 | $0.80 | $0.79 | $0.58 | $0.30 | $1.65 | $1.60 | · | |
| EPS (TTM) | $-0.26 | $-1.05 | $-0.12 | $0.34 | $-0.79 | $-2.75 | $-3.25 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -7.9% | -13.6% | 13.8% | 87.6% | -33.2% | · | · | · | · | |
| Revenue CAGR 3Y | -3.2% | 22.7% | 12.6% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 2.6% | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 9.9% | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $331M | $359M | $415M | $365M | $194M | $291M | $589M | $501M | $189M | |
| Net Income TTM | $-31M | $-132M | $-16M | $46M | $-101M | $-353M | $-415M | $-168M | $89M | |
| P/E | -21.5 | -5.4 | -62.0 | 18.3 | -13.0 | -2.7 | -4.0 | · | · | |
| Earnings Yield | -4.6% | -18.6% | -1.6% | 5.5% | -7.7% | -36.7% | -24.7% | · | · | |
| Payout Ratio | -266.5% | -75.1% | -668.5% | 217.1% | -51.4% | -14.6% | -52.5% | -110.0% | · | |
| Annual Payout | $83M | $99M | $104M | $99M | $52M | $52M | $218M | $185M | $0 |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $84M | $85M | $83M | $84M | $86M | $78M | $83M | $88M | $91M | $96M | $103M | $103M | $99M | $110M | $104M | $97M | |
| Operating Expenses | $68M | $49M | $68M | $55M | $97M | $41M | $67M | $38M | $122M | $113M | $76M | $46M | $63M | $72M | $-155M | $75M | |
| Interest Expense | · | · | · | · | · | · | · | $39M | $38M | $40M | · | $44M | $44M | $43M | · | $33M | |
| Interest Income | $52M | $50M | $49M | $49M | $49M | $48M | $54M | $60M | $63M | $68M | $73M | $76M | $74M | $76M | $75M | $64M | |
| Pretax Income | $-20M | $3M | $-16M | $-1M | $-47M | $4M | $-21M | $12M | $-68M | $-57M | $-16M | $13M | $-7M | $-13M | $6M | $-20M | |
| Income Tax | $10.0K | $94.0K | $10.0K | $-129.0K | $-22M | $282.0K | $370.0K | $244.0K | $194.0K | $252.0K | $204.0K | $158.0K | $310.0K | $390.0K | $1M | $633.0K | |
| Net Income | $-18M | $5M | $-14M | $984.0K | $-23M | $5M | $-20M | $13M | $-68M | $-57M | $-16M | $12M | $-7M | $-4M | $4M | $-20M | |
| EPS (Basic) | $-0.15 | $0.03 | $-0.11 | $0.00 | $-0.19 | $0.04 | $-0.17 | $0.10 | $-0.53 | $-0.45 | $-0.13 | $0.10 | $-0.06 | $-0.03 | $0.04 | $-0.16 | |
| EPS (Diluted) | $-0.15 | $0.03 | $-0.11 | $0.00 | $-0.19 | $0.04 | $-0.16 | $0.09 | $-0.53 | $-0.45 | $-0.12 | $0.09 | $-0.06 | $-0.03 | $0.03 | $-0.16 | |
| Shares (Basic) | 126,710,000 | 125,934,000 | · | 126,940,000 | 127,247,000 | 127,082,000 | · | 127,515,000 | 127,986,000 | 127,326,000 | · | 127,197,000 | 127,173,000 | 126,665,000 | · | 126,564,000 | |
| Shares (Diluted) | 126,710,000 | 128,921,000 | · | 129,845,000 | 127,247,000 | 129,860,000 | · | 130,144,000 | 127,986,000 | 127,326,000 | · | 129,986,000 | 127,173,000 | 126,665,000 | · | 126,564,000 |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $68M | $97M | $67M | $113M | $154M | $201M | $302M | $264M | $203M | $222M | $258M | $236M | $218M | $314M | $306M | $286M | |
| Total Assets | $3.75B | $3.65B | $3.56B | $3.30B | $3.41B | $3.55B | $3.72B | $3.84B | $3.78B | $3.95B | · | $4.35B | $4.35B | $4.60B | · | $5.78B | |
| Deferred Tax | · | · | $0 | $0 | $0 | $22M | $21M | $22M | $22M | $23M | · | $23M | $24M | $25M | · | $25M | |
| Total Liabilities | $2.90B | $2.74B | $2.64B | $2.34B | $2.42B | $2.52B | $2.68B | $2.75B | $2.68B | $2.76B | · | $3.04B | $3.03B | $3.25B | · | $4.38B | |
| Long-term Debt | $2.75B | $2.59B | $2.47B | $2.17B | $2.26B | $2.34B | $2.49B | $2.57B | $2.50B | $2.58B | · | $2.84B | $2.85B | $3.07B | · | $3.52B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Retained Earnings | $-1.98B | $-1.94B | $-1.93B | $-1.89B | $-1.87B | $-1.83B | $-1.81B | $-1.77B | $-1.76B | $-1.67B | · | $-1.54B | $-1.53B | $-1.50B | · | $-1.45B | |
| AOCI | · | · | $0 | $0 | $0 | $-5M | $-6M | $-5M | $-5M | $-6M | · | $-5M | $-6M | $-4M | · | $-7M | |
| Stockholders' Equity | $863M | $918M | $938M | $976M | $994M | $1.03B | $1.05B | $1.09B | $1.10B | $1.19B | · | $1.31B | $1.32B | $1.35B | · | $1.40B | |
| Liabilities + Equity | $3.75B | $3.65B | $3.56B | $3.30B | $3.41B | $3.55B | $3.72B | $3.84B | $3.78B | $3.95B | · | $4.35B | $4.35B | $4.60B | · | $5.78B |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $8M | $9M | $8M | $7M | $11M | $11M | $11M | $10M | $9M | $10M | $9M | $9M | $8M | $8M | $8M | $9M | |
| Stock-based Comp | $3M | $3M | $3M | $3M | $3M | $4M | $3M | $3M | $3M | $2M | $3M | $6M | $3M | $2M | $2M | $2M | |
| Deferred Tax | $0 | $94.0K | $-521.0K | $0 | $-22M | $-58.0K | $9.0K | $-852.0K | $-151.0K | $-137.0K | $-438.0K | $-638.0K | $-123.0K | $159.0K | $-160.0K | $-1M | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Operating Cash Flow | $29M | $11M | $15M | $30M | $17M | $11M | $25M | $31M | $23M | $25M | $36M | $38M | $23M | $40M | $36M | $34M | |
| Investing Cash Flow | $-158M | $-90M | $-332M | $-20M | $-82M | $14M | $77M | $89M | $67M | $79M | $155M | $31M | $128M | $70M | $367M | $-43M | |
| Stock Issued | · | · | $0 | $0 | $0 | $0 | $0 | $3.0K | $1.0K | $12.0K | $-16.0K | $0 | $1.0K | $15.0K | · | $0 | |
| Stock Repurchased | · | · | $6M | $964.0K | · | · | $0 | $7M | · | · | $0 | $0 | · | · | $0 | $0 | |
| Net Stock Activity | · | · | · | · | · | $0 | · | · | · | $12.0K | · | · | · | $15.0K | · | · | |
| Dividends Paid | $21M | $22M | $21M | $21M | $21M | $21M | $21M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | |
| Financing Cash Flow | $109M | $94M | $268M | $-40M | $25M | $-183M | $-90M | $30M | $-108M | $-159M | $-163M | $-39M | $-242M | $-114M | $-396M | $-9M | |
| Net Change in Cash | $-20M | $15M | $-48M | $-30M | $-40M | $-159M | $12M | $150M | $-18M | $-56M | $28M | $31M | $-91M | $-5M | $8M | $-18M | |
| Taxes Paid | $-10M | $0 | · | · | $3M | $-708.0K | · | · | · | · | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -21.9% | 5.7% | · | 1.2% | -26.9% | 6.9% | · | 14.4% | -74.2% | -59.6% | · | 12.1% | -7.5% | -3.7% | · | -21.1% | |
| Pretax Margin | -23.4% | 3.8% | · | -1.7% | -54.5% | 5.1% | · | 13.2% | -74.9% | -59.4% | · | 12.2% | -7.2% | -11.7% | · | -20.4% | |
| ROA | -0.51% | 0.13% | · | 0.03% | -0.64% | 0.14% | · | 0.31% | -1.7% | -1.3% | · | 0.24% | -0.15% | -0.08% | · | -0.36% | |
| ROE | -2.0% | 0.50% | · | 0.10% | -2.2% | 0.48% | · | 1.1% | -5.6% | -4.5% | · | 0.91% | -0.54% | -0.29% | · | -1.4% |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $0.66 | $0.66 | · | $0.65 | $0.68 | $0.60 | · | $0.68 | $0.71 | $0.75 | · | $0.79 | $0.78 | $0.87 | · | $0.77 | |
| Cash Flow / Share | · | $0.08 | · | · | · | $0.08 | · | · | · | $0.19 | · | · | · | $0.31 | · | · | |
| Dividend / Share | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | |
| Dividend Paid / Share | · | · | · | · | $0.16 | $0.16 | $0.16 | $0.16 | · | · | · | · | · | · | · | · | |
| EPS (TTM) | $-0.23 | $-0.27 | · | $-0.31 | $-0.22 | $-0.56 | · | $-1.01 | $-1.01 | $-0.54 | · | $0.03 | $-0.22 | $0.10 | · | $0.92 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $336M | $338M | · | $331M | $335M | $341M | · | $378M | $393M | $401M | · | $416M | $410M | $396M | · | $347M | |
| Net Income TTM | $-27M | $-32M | · | $-37M | $-25M | $-70M | · | $-129M | $-129M | $-69M | · | $5M | $-28M | $14M | · | $123M | |
| P/E | -23.7 | -20.7 | · | -17.5 | -23.0 | -9.9 | · | -5.5 | -5.6 | -12.8 | · | 208.7 | -30.6 | 59.0 | · | 6.9 | |
| Earnings Yield | -4.2% | -4.8% | · | -5.7% | -4.4% | -10.1% | · | -18.0% | -17.7% | -7.8% | · | 0.48% | -3.3% | 1.7% | · | 14.6% | |
| Payout Ratio | · | 452.3% | · | · | · | 388.4% | · | · | · | -45.5% | · | · | · | -629.1% | · | · | |
| Annual Payout | $84M | $84M | · | $83M | $89M | $94M | · | $104M | $104M | $104M | · | $104M | $103M | $101M | · | $94M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $331M | $359M | $415M | $365M | $194M |
| Net Income | $-31M | $-132M | $-16M | $46M | $-101M |
| Diluted EPS | $-0.26 | $-1.05 | $-0.12 | $0.34 | $-0.79 |
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 245 filers · $498.4M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
245
Value held
$498.4M
New positions
49
Exited positions
9
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 49 (+18 vs prior Q) | 9 (-9 vs prior Q) | 69 (+7 vs prior Q) | 68 (+4 vs prior Q) | -8.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $67,351,474 | 12,027,049 | 13.51% | Shares |
| BlackRock, Inc. | $58,449,064 | 10,724,599 | 11.73% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $29,986,619 | 5,502,132 | 6.02% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $26,582,293 | 4,877,485 | 5.33% | Shares |
| NOMURA HOLDINGS INC | $20,912,244 | 3,837,109 | 4.20% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $20,367,135 | 3,737,089 | 4.09% | Shares |
| STATE STREET CORP | $18,455,049 | 3,293,296 | 3.70% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $17,999,940 | 3,302,086 | 3.61% | Shares |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $13,057,928 | 2,395,950 | 2.62% | Shares |
| MILLENNIUM MANAGEMENT LLC | $11,381,976 | 2,088,436 | 2.28% | Shares |
| WATERFALL ASSET MANAGEMENT, LLC | $11,317,394 | 2,076,586 | 2.27% | Shares |
| GOLDMAN SACHS GROUP INC | $11,174,353 | 2,050,340 | 2.24% | Shares |
| Nut Tree Capital Management, LP | $10,561,152 | 1,937,826 | 2.12% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $9,504,151 | 1,743,881 | 1.91% | Shares |
| FEDERATED HERMES, INC. | $8,631,824 | 1,583,821 | 1.73% | Shares |
| TWO SIGMA INVESTMENTS, LP | $8,430,703 | 1,546,918 | 1.69% | Shares |
| JPMORGAN CHASE & CO | $7,946,433 | 1,450,079 | 1.59% | Shares |
| Greenland Capital Management LP | $7,929,750 | 1,455,000 | 1.59% | Shares |
| MORGAN STANLEY | $7,076,336 | 1,298,409 | 1.42% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $6,759,799 | 1,240,330 | 1.36% | Shares |
| VAN ECK ASSOCIATES CORP | $6,513,704 | 1,195,175 | 1.31% | Shares |
| NORTHERN TRUST CORP | $6,477,783 | 1,188,584 | 1.30% | Shares |
| Nuveen, LLC | $6,155,710 | 1,129,488 | 1.24% | Shares |
| North Ground Capital | $5,951,400 | 1,092,000 | 1.19% | Shares |
| Qube Research & Technologies Ltd | $5,670,954 | 1,040,542 | 1.14% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $5,519,002 | 1,012,661 | 1.11% | Shares |
| TWO SIGMA ADVISERS, LP | $4,977,840 | 888,900 | 1.00% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,700,102 | 862,404 | 0.94% | Shares |
| Almitas Capital LLC | $4,191,230 | 769,033 | 0.84% | Shares |
| Bank of New York Mellon Corp | $3,753,885 | 688,786 | 0.75% | Shares |
| Allianz Asset Management GmbH | $3,436,596 | 630,568 | 0.69% | Shares |
| Alpine Global Management, LLC | $3,224,509 | 591,653 | 0.65% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,970,470 | 530,441 | 0.60% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $2,509,575 | 460,473 | 0.50% | Shares |
| Lighthouse Investment Partners, LLC | $2,442,712 | 448,204 | 0.49% | Shares |
| Y-Intercept (Hong Kong) Ltd | $2,120,671 | 389,114 | 0.43% | Shares |
| UBS Group AG | $1,885,837 | 346,025 | 0.38% | Shares |
| State of New Jersey Common Pension Fund D | $1,757,680 | 322,510 | 0.35% | Shares |
| Focus Partners Wealth | $1,600,745 | 293,714 | 0.32% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,483,583 | 272,217 | 0.30% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,418,749 | 260,321 | 0.28% | Shares |
| UBS Group AG | $1,417,000 | 260,000 | 0.28% | Put option |
| J.W. COLE ADVISORS, INC. | $1,390,664 | 255,168 | 0.28% | Shares |
| WELLS FARGO & COMPANY/MN | $1,361,195 | 249,760 | 0.27% | Shares |
| LPL Financial LLC | $1,337,955 | 245,496 | 0.27% | Shares |
| Swiss National Bank | $1,317,810 | 241,800 | 0.26% | Shares |
| AVENIR CORP | $1,209,355 | 221,900 | 0.24% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $1,202,586 | 220,658 | 0.24% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,180,346 | 210,776 | 0.24% | Shares |
| FMR LLC | $1,170,476 | 214,766 | 0.23% | Shares |
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| CW Investment Advisers, LLC, CWRE SSF Securities Holding, LP, CWRE Special Situations Fund GP, LLC, Hon Kit Shing | Sept. 29, 2026 | 8.70% | Initial filing | Passive investment | SEC |
| DIGITALBRIDGE GROUP, INC., DIGITALBRIDGE OPERATING COMPANY, LLC, CLNC MANAGER, LLC ×4 filings | March 3, 2023 | · | Initial filing | Capital structure | SEC |
| COLONY CAPITAL, INC., COLONY CAPITAL OPERATING COMPANY, LLC, NRF HOLDCO, LLC, NRF RED REIT CORP., CLNC MANAGER, LLC ×8 filings | May 4, 2021 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 16 insiders · 5 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael Mazzei | CEO | April 9, 2026 J | 1,510,764 | 0 | 0 | $0 |
| Neale Redington | CHIEF FINANCIAL OFFICER | Nov. 12, 2019 P | 49,336 | 0 | 0 | $0 |
| Sujan S Patel | CHIEF FINANCIAL OFFICER | March 15, 2018 A | 34,737 | 0 | 0 | $0 |
| Andrew Elmore Witt | PRESIDENT AND CHIEF OPERATING OFFICER | March 16, 2026 F | 712,076 | 0 | 0 | $0 |
| David A Palame | GENERAL COUNSEL, SECRETARY AND EXECUTIVE VICE PRESIDENT | March 16, 2026 F | 479,487 | 0 | 0 | $0 |
| Kim S Diamond | Director | May 20, 2026 A | 93,357 | 0 | 0 | $0 |
| John E Westerfield | Director | May 19, 2025 A | 111,282 | 0 | 0 | $0 |
| Mark M. Hedstrom | Director | Dec. 30, 2020 F | 34,267 | 0 | 0 | $0 |
| Darren J. Tangen | Director | April 20, 2020 F | 138,995 | 0 | 0 | $0 |
| Kevin P. Traenkle | Director | March 8, 2020 F | 209,490 | 0 | 0 | $0 |
| Richard B Saltzman | Director | May 3, 2019 A | 43,511 | 0 | 0 | $0 |
| Catherine F. Long | · | May 20, 2026 A | 92,210 | 0 | 0 | $0 |
| Vernon B Schwartz | · | May 20, 2026 A | 139,580 | 0 | 0 | $0 |
| Catherine Rice | · | May 20, 2026 A | 140,367 | 0 | 0 | $0 |
| Frank V Saracino | · | March 16, 2026 F | 455,543 | 0 | 0 | $0 |
| Winston W. Wilson | · | June 10, 2021 A | 52,666 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 18 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SDIV · Global X Funds | 0.87% | 2,109,335 NS | July 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 107,731 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 709,715 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 58,942 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.02% | 3,087,597 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 116,782 | Oct. 2, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,501,616 SH | Aug. 19, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.01% | 186,006 SH | Aug. 19, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 6,326 | Sept. 30, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.01% | 31,654 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 9,274 SH | Sept. 9, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 238,785 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 41,810 SH | Sept. 10, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,877,042 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 9,209 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 1,133,239 SH | Sept. 11, 2026 | Daily |
| REM · iShares Trust | · | 1,533,513 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 187,849 SH | Sept. 11, 2026 | Daily |
BRSP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 14 analysts
BUY
Median target
$6.50
+70.6%
3 21.4%
Strong Buy
8 57.1%
Buy
1 7.1%
Hold
2 14.3%
Sell
0 0.0%
Strong Sell
12-Month Price Target
8 analysts · 2026-10-02Mean target $6.34 +66.5%
← Below all targets
Current price $3.81
Low$5.25
Mean$6.34
High$7.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BRSP | · | -21.5 | -7.9% | -9.4% | -3.1% | · |
| ADAM | · | · | · | · | · | · |
| PMT | $1.09B | 12.7 | · | -656.4% | 6.8% | · |
| ABR | $1.52B | 13.9 | -18.0% | 30.9% | 5.3% | · |
| IVR | $604M | 6.4 | 104.8% | 134.3% | 13.4% | · |
| FBRT | $818M | 15.7 | 20.9% | 30.5% | 5.6% | · |
| TRTX | $674M | 15.1 | -4.6% | 41.3% | 5.6% | · |
| RWT | · | · | · | · | · | · |
| KREF | $529M | -7.8 | -25.8% | -41.8% | -3.7% | · |
| NREF | $262M | 4.9 | 67.7% | 261.0% | 33.5% | · |
| REFI | $258M | 7.3 | · | 65.0% | 11.7% | · |
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Source: SEC 10-Q filed Jul 29, 2026