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DigitalBridge Group Inc

digitalbridge.com

What Do They Do?

Manages investment funds that invest in digital infrastructure businesses and assets, including data centers, cell towers and fiber networks, for institutional investors.

How Do They Make Money?

Institutional investors pay ongoing management fees based on committed or invested capital or fund value; DigitalBridge may also earn performance-based fees and a share of returns when fund hurdles are met or investments are sold.

revenue
SegmentShareRevenue
Management fees
Recurring

96%
FY2022: 98%
Other fees
0.2%
FY2022: 1.6%
Management Service
Recurring

100%
FY2022: 100%

Who Are Their Customers?

Institutional investors, including pensions, sovereign wealth funds, asset managers, insurers and endowments, invest through funds, co-investment vehicles and sub-advisory accounts managed by DigitalBridge.

Do Revenues Turn Into Profits?

Yes. Its net income in FY2025 was larger than its revenue and turned 275 cents into free cash flow.

Net income, FY2025
151% of revenue
▲ +101% vs FY2024 ($70.5M, 12%)
Free cash flow, FY2025
275% of revenue
▲ +356% vs FY2024 ($56.5M, 9%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ Now profitable
vs −$3.2M in Q2 FY2025
Net income
▲ +619%
vs $31.6M in Q2 FY2025
Management Service share of revenue vs 100.0% in Q2 FY2025
  • May 27, 2026 Agreed to acquire ArcLight, conditional on completion of SoftBank acquisition The agreement sets a $650 million base price plus up to $400 million in contingent consideration.
  • Apr 23, 2026 Stockholders approved SoftBank acquisition Closing remains subject to regulatory approvals and other customary conditions.

Shrinking. Revenue fell 76% in 4 years, from $387.8M in FY2021 to $94M in FY2025, about 30% a year.

Revenue over time
Management fees Other fees Management Service
$500M$250M$0

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