Filing Flows › BrightSpire Capital (BRSP) › Q3 2026 › vs Q3 2025
BrightSpire Capital (BRSP) Q3 2026 vs Q3 2025 (year over year)
BrightSpire Capital's revenue rose $3.4M (+4%) from $83.9M in Q3 2025 to $87.4M in Q3 2026. Operating margin 28.4% against 35.0% (-6.6 pts).
BrightSpire Capital, Q3 2026: revenue $87.4M (+4% year over year), operating margin 28.4%, net earnings $46.9M, operating cash flow $16.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 28.4% | 35.0% | -6.6 pts |
| Net margin | 53.7% | 1.2% | +52.6 pts |
| Free cash flow margin | 16.9% | 32.7% | -15.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $87.4M | $83.9M | $3.4M | +4% |
| Other income, net | $22.4M | −$30.8M | $53.2M | — |
| Operating profit | $24.8M | $29.4M | −$4.6M | -16% |
| Costs & expenses | $62.6M | $54.5M | $8.0M | +15% |
| Pre-tax earnings | $47.2M | −$1.4M | $48.6M | — |
| Income tax benefit | $19K | $129K | −$110K | -85% |
| Net earnings | $46.9M | $984K | $46.0M | 48× |
| Minority interests | $300K | −$2.3M | $2.6M | — |
| Depreciation & amortization | $4.1M | $7.2M | −$3.1M | -43% |
| Share-based compensation | $3.6M | $2.8M | $787K | +28% |
| Working capital & other | $38.0M | −$18.9M | $56.9M | — |
| Operating cash flow | $16.6M | $29.9M | −$13.2M | -44% |
| Free cash flow (OCF − capex) | $14.7M | $27.4M | −$12.7M | -46% |
| Capital expenditures | $1.9M | $2.4M | −$536K | -22% |
Questions
How much did BrightSpire Capital's revenue grow year over year in Q3 2026?
BrightSpire Capital's revenue rose $3.4M (+4%) from $83.9M in Q3 2025 to $87.4M in Q3 2026. Operating margin 28.4% against 35.0% (-6.6 pts).