Filing Flows › BrightSpire Capital (BRSP) › Q2 2026 › vs Q2 2025
BrightSpire Capital (BRSP) Q2 2026 vs Q2 2025 (year over year)
BrightSpire Capital's revenue fell $2.4M (-3%) from $85.9M in Q2 2025 to $83.5M in Q2 2026.
BrightSpire Capital, Q2 2026: revenue $83.5M (-3% year over year), operating margin 18.3%, net loss $20.2M, operating cash flow $29.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 34.6% | 13.4% | +21.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $83.5M | $85.9M | −$2.4M | -3% |
| Net loss | $20.2M | $25.2M | −$5.0M | -20% |
| Costs & expenses | $104M | $133M | −$29.0M | -22% |
| Operating costs | $68.2M | $97.5M | −$29.2M | -30% |
| Interest & other, net | $35.5M | $35.3M | $180K | +0.5% |
| Income tax | $10K | −$21.7M | $21.7M | — |
| Operating cash sources | $49.6M | $42.6M | $7.0M | +16% |
| Depreciation & amortization | $8.2M | $10.6M | −$2.4M | -23% |
| Share-based compensation | $3.4M | $2.9M | $530K | +18% |
| Working capital & other | $38.0M | $29.1M | $8.9M | +31% |
| Net loss absorbed | $20.2M | $25.2M | −$5.0M | -20% |
| Operating cash flow | $29.4M | $17.4M | $12.0M | +69% |
| Free cash flow (OCF − capex) | $28.9M | $11.6M | $17.4M | +150% |
| Capital expenditures | $500K | $5.9M | −$5.4M | -91% |
Questions
How much did BrightSpire Capital's revenue grow year over year in Q2 2026?
BrightSpire Capital's revenue fell $2.4M (-3%) from $85.9M in Q2 2025 to $83.5M in Q2 2026.