Filing Flows

Filing Flows › Companies › BrightSpire Capital › Cash flow

BrightSpire Capital cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$14.7M in Q3 2026 · $61.1M over twelve months

Operating cash flow$16.6M
Capital spending−$1.9M
Free cash flow+$14.7M
Cash / net income0.4×

Analysis

In Q3 2026, BrightSpire Capital generated $16.6M of operating cash flow and spent $1.9M on capital projects, leaving free cash flow of $14.7M. That is $12.7M less than in Q3 2025 ($27.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $72.2M; the largest uses were other investing ($822M), dividends ($83.6M), buybacks ($35.4M); besides operations, cash came from net borrowing (+) / repaid (−) ($670M), asset & business sales ($190M); the cash balance fell by $44.0M.

Operating cash flow was $16.6M against net income of $47.2M — 0.4× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$5.3M, depreciation & amortization +$4.1M, stock-based pay +$3.6M.

Free cash flow

BrightSpire Capital: free cash flow by quarterBrightSpire Capital: free cash flow by quarter$23.9MQ4 2024$8.0MQ1 2025$11.6MQ2 2025$27.4MQ3 2025$8.1MQ4 2025$9.3MQ1 2026$28.9MQ2 2026$14.7MQ3 2026
Operating cash flow less capital spending.
BrightSpire Capital: operating cash flow against capital spendingBrightSpire Capital: operating cash flow against capital spendingOperating cash flowCapital spending$24.7M$842KQ4 2024$10.5M$2.5MQ1 2025$17.4M$5.9MQ2 2025$29.9M$2.4MQ3 2025$15.2M$7.1MQ4 2025$10.9M$1.6MQ1 2026$29.4M$500KQ2 2026$16.6M$1.9MQ3 2026
Latest (Q3 2026): Operating cash flow $16.6M, Capital spending $1.9M.

Capital allocation, year by year

BrightSpire Capital: where the cash came from (up) and went (down), by fiscal yearBrightSpire Capital: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow −$21.3MFY2021: Net borrowing $1.0BFY2021: Asset sales $332MFY2021: Capital spending −$9.9MFY2021: Dividends −$51.9M$1.4BFY2021FY2022: Operating cash flow $125MFY2022: Net borrowing $97.0MFY2022: Asset sales $55.6MFY2022: Capital spending −$4.0MFY2022: Buybacks −$18.3MFY2022: Dividends −$99.4M$278MFY2022FY2023: Operating cash flow $138MFY2023: Net borrowing −$446MFY2023: Capital spending −$7.1MFY2023: Dividends −$104M$138MFY2023FY2024: Operating cash flow $103MFY2024: Net borrowing −$189MFY2024: Shares issued $16KFY2024: Asset sales $19.6MFY2024: Capital spending −$6.1MFY2024: Buybacks −$6.6MFY2024: Dividends −$99.1M$123MFY2024FY2025: Operating cash flow $73.0MFY2025: Net borrowing $181MFY2025: Asset sales $80.8MFY2025: Capital spending −$17.9MFY2025: Buybacks −$10.9MFY2025: Dividends −$83.0M$334MFY2025
Over these 5 years operating cash flow totalled $418M; the largest uses were net borrowing ($635M) and dividends ($437M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$63.6M
Debt$2.6B
Net debt$2.6B
Due within a year$54.6M

BrightSpire Capital funds itself: free cash flow was $61.1M over the last twelve months, and $63.6M of cash and investments stands against $2.6B of debt ($54.6M due within a year, 1.2× covered by cash).

BrightSpire Capital: debt maturities by year (FY2025)BrightSpire Capital: debt maturities by year (FY2025)$54.6MYear 1$454MYear 2$141MYear 3$81.0MYear 4$563MYear 5
Principal due in each year as disclosed in the annual report, against $63.6M of cash and investments now.

Where the cash came from and went

BrightSpire Capital: sources (+) and uses (−) of cash, Q3 2026BrightSpire Capital: sources (+) and uses (−) of cash, Q3 2026Other investing−$185MAsset & business sales$123MNet borrowing (+) / repaid (−)$86.2MDividends−$20.3MOperating cash flow$16.6MBuybacks−$9.9MCash drawn (+) / kept (−)−$7.9MCapital spending−$1.9MOther financing−$321KTaxes on employees’ shares−$250K
BrightSpire Capital: sources (+) and uses (−) of cash, TTM to Q3 2026BrightSpire Capital: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$822MNet borrowing (+) / repaid (−)$670MAsset & business sales$190MDividends−$83.6MOperating cash flow$72.2MCash drawn (+) / kept (−)$44.0MBuybacks−$35.4MOther financing−$19.6MCapital spending−$11.1MTaxes on employees’ shares−$5.0MExchange rates$1.3M

From profit to cash

BrightSpire Capital: net income to operating cash flow, Q3 2026BrightSpire Capital: net income to operating cash flow, Q3 2026Net income$47.2MDepreciation & amortization$4.1MStock-based pay$3.6MOther non-cash$18KReceivables−$5.3MPrepaid and other assets$1.3MOther liabilities$1.9MOperating cash flow$16.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$16.6M−$1.9M−$9.9M−$20.3M$86.2M−$7.9M$14.7M
Q2 2026$29.4M−$500K—−$20.8M$154M$19.6M$28.9M
Q1 2026$10.9M−$1.6M—−$21.9M$129M−$15.4M$9.3M
Q4 2025$15.2M−$7.1M−$6.0M−$20.6M$299M$47.7M$8.1M
Q3 2025$29.9M−$2.4M−$964K−$20.9M−$18.1M$30.1M$27.4M
Q2 2025$17.4M−$5.9M—−$20.8M$54.6M$40.1M$11.6M
Q1 2025$10.5M−$2.5M—−$20.7M−$158M$159M$8.0M
Q4 2024$24.7M−$842K—−$20.8M−$63.2M−$11.6M$23.9M

BrightSpire Capital: income statement and cash flow

BrightSpire Capital, Q3 2026: revenue $87.4M (+4% year over year), operating margin 28.4%. The chart follows the revenue to costs, profit and cash.

BrightSpire Capital: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.