Jun 2026 (Q2 FY26) — Jul 29, 2026
BrightSpire Capital Q2 FY26 — Strong Loan Originations and Strategic Capital Rotation
Read the full callBrightSpire Capital earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 83.5 | −2.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | -18.3 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $5.26 on 17 Oct 2025 → $3.59. High $6.14 (29 Jan 2026), low $3.59 (19 Oct 2026).
Overview
Call summaries
BrightSpire Capital Q2 FY26 — Strong Loan Originations and Strategic Capital Rotation
Read the full callEvery analysed call
Financials
Net profit, year on year: +21% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 88 | 83 | 78 | 86 | 84 | 83 | 85 | 84 |
| Expenses | 38 | 67 | 41 | 97 | 55 | 68 | 49 | 68 |
| Interest | 39 | — | — | — | — | — | — | — |
| Profit before tax | 12 | -21 | 4 | -47 | -1 | -16 | 3 | -20 |
| Tax rate | 2.1% | −1.8% | 7.1% | 46.3% | 9.0% | −0.1% | 2.9% | −0.1% |
| Net profit | 13 | -20 | 5 | -23 | 1 | -14 | 5 | -18 |
| EPS ($ per share) | 0.10 | — | 0.04 | -0.19 | 0 | — | 0.03 | -0.15 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | -193 | -820 | -1,234 | -1,411 | -1,467 | -1,586 | -1,812 | -1,926 |
| Total liabilities | 5,816 | 5,213 | 4,253 | 4,147 | 3,361 | 2,920 | 2,678 | 2,636 |
| Total assets | 8,661 | 7,414 | 6,212 | 5,638 | 4,750 | 4,198 | 3,723 | 3,565 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 101 | 137 | 96 | -21 | 125 | 138 | 103 | 73 |
| Cash from investing | -468 | -416 | 1,003 | -556 | 89 | 384 | 313 | -420 |
| Cash from financing | 488 | 287 | -754 | 384 | -161 | -559 | -328 | 69 |
| Net cash flow | 120 | 8 | 344 | -193 | 52 | -37 | 89 | -277 |
| Capital expenditure | -415 | -24 | -23 | -10 | -4 | -7 | -6 | -18 |
| Free cash flow | -314 | 113 | 73 | -31 | 121 | 131 | 97 | 55 |
19 filings between Feb 11, 2026 and May 20, 2026.
Nobody bought or sold BRSP on the open market in this window. The filings below are 13 awards, 4 tax withholdings and 2 other filings.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 20, 2026 | RICE CATHERINE Director | Award | 22,085 | $0 |
| May 20, 2026 | SCHWARTZ VERNON B Director | Award | 22,085 | $0 |
| May 20, 2026 | Long Catherine F. Director | Award | 22,085 | $0 |
| May 20, 2026 | Diamond Kim S Director | Award | 22,085 | $0 |
| Apr 9, 2026 | Mazzei Michael CEO | Other | 10,143 | $0 |
| Mar 16, 2026 | Witt Andrew Elmore See Remarks | Award | 144,405 | $0 |
| Mar 16, 2026 | Witt Andrew Elmore See Remarks | Award | 119,457 | $0 |
| Mar 16, 2026 | Witt Andrew Elmore See Remarks | Tax withheld | 131,414 | $728.0K |
| Mar 16, 2026 | Saracino Frank V See Remarks | Award | 85,741 | $0 |
| Mar 16, 2026 | Saracino Frank V See Remarks | Award | 75,657 | $0 |
| Mar 16, 2026 | Saracino Frank V See Remarks | Tax withheld | 80,423 | $445.5K |
| Mar 16, 2026 | Mazzei Michael CEO | Award | 307,040 | $0 |
| Mar 16, 2026 | Mazzei Michael CEO | Award | 270,759 | $0 |
| Mar 16, 2026 | Mazzei Michael CEO | Award | 238,914 | $0 |
| Mar 16, 2026 | Mazzei Michael CEO | Tax withheld | 260,381 | $1.44M |
| Mar 16, 2026 | Palame David A See Remarks | Award | 87,934 | $0 |
| Mar 16, 2026 | Palame David A See Remarks | Award | 77,593 | $0 |
| Mar 16, 2026 | Palame David A See Remarks | Tax withheld | 81,376 | $450.8K |
| Feb 11, 2026 | Mazzei Michael CEO | Other | 369,724 | $0 |
| May 19, 2025 | RICE CATHERINE Director | Award | 18,588 | $0 |
| May 19, 2025 | Long Catherine F. Director | Award | 18,588 | $0 |
| May 19, 2025 | SCHWARTZ VERNON B Director | Award | 18,588 | $0 |
| May 19, 2025 | Diamond Kim S Director | Award | 18,588 | $0 |
| May 19, 2025 | Westerfield John E Director | Award | 18,588 | $0 |
| Mar 17, 2025 | Mazzei Michael CEO | Award | 116,473 | $0 |
| Mar 17, 2025 | Mazzei Michael CEO | Award | 249,585 | $0 |
| Mar 17, 2025 | Mazzei Michael CEO | Tax withheld | 209,820 | $1.26M |
| Mar 17, 2025 | Witt Andrew Elmore See Remarks | Award | 47,921 | $0 |
| Mar 17, 2025 | Witt Andrew Elmore See Remarks | Award | 133,112 | $0 |
| Mar 17, 2025 | Witt Andrew Elmore See Remarks | Tax withheld | 86,686 | $521.0K |
| Mar 17, 2025 | Saracino Frank V See Remarks | Award | 31,199 | $0 |
| Mar 17, 2025 | Saracino Frank V See Remarks | Award | 79,035 | $0 |
| Mar 17, 2025 | Saracino Frank V See Remarks | Tax withheld | 54,217 | $325.8K |
| Mar 17, 2025 | Palame David A See Remarks | Award | 29,951 | $0 |
| Mar 17, 2025 | Palame David A See Remarks | Award | 81,057 | $0 |
| Mar 17, 2025 | Palame David A See Remarks | Tax withheld | 63,504 | $381.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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