Financial Snapshot

Revenue
$378.1M
TTM
Gross Margin
91.08%
TTM
Net Earnings
-$128.6M
TTM
Current Assets
$370.0M
Q3 2024
Current Liabilities
$249.1M
Q3 2024
Current Ratio
148.49%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.087B
Q3 2024
Cash
Q3 2024
P/E
-6.365
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $415.1M $364.6M $194.3M $291.0M $588.6M $500.8M $189.5M $158.3M $112.7M
YoY Change 13.84% 87.65% -33.23% -50.56% 17.54% 164.32% 19.71% 40.43%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $415.1M $364.6M $194.3M $291.0M $588.6M $500.8M $189.5M $158.3M $112.7M
Cost Of Revenue $29.14M $27.66M $44.44M $104.7M $162.4M $153.6M $10.55M $2.672M $2.000M
Gross Profit $377.5M $370.7M $318.4M $202.8M $391.1M $317.2M $153.8M $139.5M $110.7M
Gross Profit Margin 90.95% 101.67% 163.88% 69.67% 66.44% 63.34% 81.19% 88.12% 98.23%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Selling, General & Admin $39.50M $34.25M $50.01M $26.55M $31.94M $26.63M $12.67M $15.44M $15.30M
YoY Change 15.33% -31.51% 88.36% -16.86% 19.91% 110.23% -17.93% 0.9%
% of Gross Profit 10.46% 9.24% 15.71% 13.09% 8.17% 8.4% 8.24% 11.07% 13.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.50M $34.10M $36.40M $59.77M $103.2M $90.99M $9.137M $146.0K $0.00
YoY Change -1.74% -6.32% -39.1% -42.1% 13.45% 895.8% 6158.22%
% of Gross Profit 8.88% 9.2% 11.43% 29.48% 26.39% 28.68% 5.94% 0.1% 0.0%
Operating Expenses $194.3M $151.6M $43.07M $215.4M $351.6M $226.5M $22.32M $18.97M $16.00M
YoY Change 28.21% 251.84% -80.0% -38.74% 55.23% 914.73% 17.69% 18.56%
Operating Profit $183.2M $219.2M $275.4M -$12.64M $39.44M $90.67M $131.5M $120.5M $94.70M
YoY Change -16.41% -20.41% -2278.43% -132.05% -56.5% -31.05% 9.12% 27.25%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest Expense $173.3M $111.8M $55.48M $63.04M $87.73M $47.07M $21.02M $26.03M -$12.80M
YoY Change 55.01% 101.51% -11.99% -28.14% 86.37% 123.96% -19.25% -303.37%
% of Operating Profit 94.6% 51.02% 20.15% 222.44% 51.92% 15.98% 21.6% -13.52%
Other Income/Expense, Net $0.00
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Pretax Income -$23.61M $49.20M $32.81M -$251.3M -$496.4M -$164.1M $105.4M $94.48M $81.90M
YoY Change -147.99% 49.97% -113.06% -49.38% 202.57% -255.69% 11.54% 15.35%
Income Tax $1.062M $2.440M $6.276M -$10.90M $3.172M $37.06M $2.208M $1.521M $200.0K
% Of Pretax Income 4.96% 19.13% 2.1% 1.61% 0.24%
Net Earnings -$15.55M $45.79M -$101.0M -$353.3M -$414.5M -$168.5M $88.50M $76.05M $80.60M
YoY Change -133.96% -145.31% -71.4% -14.77% 146.0% -290.38% 16.37% -5.64%
Net Earnings / Revenue -3.75% 12.56% -52.0% -121.4% -70.42% -33.65% 46.71% 48.05% 71.52%
Basic Earnings Per Share -$0.12 $0.35 -$0.79 -$2.75 -$3.25
Diluted Earnings Per Share -$0.12 $0.34 -$0.79 -$2.75 -$3.25 -$1.396M $1.993M $585.0K $0.62

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Cash & Short-Term Investments $257.5M $306.3M $259.7M $474.8M $69.62M $77.32M $25.20M $13.98M $6.300M
YoY Change -15.94% 17.94% -45.3% 582.02% -9.96% 206.76% 80.26% 121.94%
Cash & Equivalents $257.5M $306.3M $259.7M $474.8M $69.62M $77.32M $25.20M $13.98M $6.300M
Short-Term Investments
Other Short-Term Assets $19.36M $19.36M $31.26M $30.57M $27.30M $38.45M
YoY Change 0.0% -38.06% 2.28% 11.96% -29.0%
Inventory
Prepaid Expenses
Receivables $41.45M $40.70M $54.50M $37.38M $46.46M $48.81M $35.51M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $299.0M $366.4M $345.5M $542.8M $143.4M $164.6M $60.72M $13.98M $6.300M
YoY Change -18.4% 6.05% -36.35% 278.56% -12.88% 171.06% 334.24% 121.94%
Property, Plant & Equipment $808.0M $757.7M $808.2M $861.3M $1.510B $1.960B $219.7M $0.00 $9.000M
YoY Change 6.64% -6.25% -6.17% -42.97% -22.93% 791.82% -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.251M $3.035M $20.59M $384.6M $868.9M $1.131B $203.7M $164.5M $120.4M
YoY Change -25.83% -85.26% -94.65% -55.74% -23.19% 455.28% 23.86% 36.61%
Other Assets $124.2M $109.9M $148.5M $412.2M $352.6M $151.8M $44.92M $58.55M $98.00M
YoY Change 12.96% -25.95% -63.98% 16.9% 132.23% 238.07% -23.29% -40.26%
Total Long-Term Assets $3.899B $4.384B $5.293B $5.669B $7.271B $8.496B $1.779B $1.788B $2.051B
YoY Change -11.06% -17.17% -6.64% -22.03% -14.42% 377.66% -0.53% -12.8%
Total Assets $4.198B $4.750B $5.638B $6.212B $7.414B $8.661B $1.839B $1.802B $2.057B
YoY Change
Accounts Payable $17.57M $15.09M $20.17M $15.08M $28.28M $29.15M
YoY Change 16.45% -25.19% 33.71% -46.66% -2.99%
Accrued Expenses $85.50M $38.25M $36.94M $38.47M $41.75M $21.58M $5.175M $64.22M $113.0M
YoY Change 123.54% 3.54% -3.97% -7.87% 93.52% 316.93% -91.94% -43.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.1M $158.6M $154.8M $91.86M $160.7M $137.9M $42.14M $64.22M $113.0M
YoY Change 26.18% 2.45% 68.5% -42.84% 16.52% 227.32% -34.38% -43.17%
Long-Term Debt $2.716B $3.164B $3.944B $4.112B $4.962B $5.609B $389.7M $502.4M $826.1M
YoY Change -14.17% -19.77% -4.09% -17.14% -11.53% 1339.52% -22.44% -39.18%
Other Long-Term Liabilities $4.138M $12.53M $13.89M $17.10M $58.32M $31.62M $36.00K
YoY Change -66.97% -9.83% -18.75% -70.68% 84.45% 87730.56%
Total Long-Term Liabilities $2.720B $3.177B $3.958B $4.129B $5.021B $5.641B $389.7M $502.4M $826.1M
YoY Change -14.38% -19.74% -4.15% -17.76% -10.99% 1347.5% -22.43% -39.18%
Total Liabilities $2.921B $3.363B $4.183B $4.546B $5.295B $5.954B $759.6M $576.3M $949.1M
YoY Change -13.14% -19.61% -7.99% -14.15% -11.06% 683.82% 31.8% -39.28%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Basic Shares Outstanding 127.1M shares 127.3M shares 128.5M shares 128.5M shares 128.4M shares
Diluted Shares Outstanding 127.1M shares 129.3M shares 128.5M shares 128.5M shares 128.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $818.31 Million

About BrightSpire Capital, Inc.

BrightSpire Capital, Inc. is a real estate investment trust. The company is headquartered in Los Angeles, California and currently employs 54 full-time employees. The company went IPO on 2018-02-01. The firm is focused on originating, acquiring, financing and managing a diversified portfolio, consisting primarily of CRE debt investments and net leased properties predominantly in the United States. The firm's segments include Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, and Corporate and Other. The Senior and Mezzanine Loans and Preferred Equity segment has CRE debt investments, including senior loans, mezzanine loans, and preferred equity interests, as well as participation in such loans. Net Leased and Other Real Estate segment include direct investments in commercial real estate with long-term leases to tenants on a net lease basis. The Corporate and Other includes corporate-level asset management and other fees. The firm has offices in New York, New York and Los Angeles, California.

Industry: Real Estate Investment Trusts Peers: MFA FINANCIAL, INC. ANNALY CAPITAL MANAGEMENT INC Franklin BSP Realty Trust, Inc. Broadmark Realty Capital Inc. Ellington Financial Inc. KKR Real Estate Finance Trust Inc. NEW YORK MORTGAGE TRUST INC PennyMac Mortgage Investment Trust Ready Capital Corp REDWOOD TRUST INC