Filing Flows › BrightSpire Capital (BRSP) › Q2 2026
BrightSpire Capital (BRSP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
BrightSpire Capital (BRSP) reported revenue of $83.5M for the second quarter 2026 (Q2 2026), -3% from a year earlier and -2% from the quarter before. Operating margin was 18.3%, net loss $20.2M (24.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.5M | -2% | -3% |
| Operating profit | $15.3M | -58% | — |
| Net earnings | −$20.2M | -517% | — |
| Operating cash flow | $29.4M | +169% | +69% |
| Free cash flow | $28.9M | +211% | +150% |
What changed
Revenue was $83.5M in Q2 2026, down 3% year over year and down 2% from the previous quarter.
Operating profit was $15.3M, a 18.3% margin (up 31.7 points year over year). Total costs fell 30% while revenue fell 3%. The quarter ended with a net loss of $20.2M, after a profit of $3.1M the previous quarter. Minority interests bore $1.9M of it: to shareholders the quarter was a loss of $18.3M. Net interest and other expense of $35.5M was the main reason.
Operating cash flow was $29.4M (up 69% year over year). Non-cash charges added back $8.2M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $38.0M. Capital expenditures of $500K left free cash flow of $28.9M.
Questions
What was BrightSpire Capital's revenue in the second quarter 2026?
BrightSpire Capital (BRSP) reported revenue of $83.5M for the second quarter 2026 (Q2 2026), -3% from a year earlier and -2% from the quarter before.
Was BrightSpire Capital profitable in the second quarter 2026?
Operating profit was $15.3M (18.3% of revenue) and net loss $20.2M.