Filing Flows › BrightSpire Capital (BRSP) › How it makes money
How BrightSpire Capital (BRSP) makes money
BrightSpire Capital (BRSP) made $87.4M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 28¢ was left as operating profit, 54¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $87.4M | 100.0% |
| Operating profit | $24.8M | 28.4% |
| Net earnings | $46.9M | 53.7% |
| Operating cash flow | $16.6M | 19.1% |
| Free cash flow | $14.7M | 16.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $87.4M | +4% |
| Q2 2026 | $83.5M | -3% |
| Q1 2026 | $85.1M | +10% |
| Q4 2025 | $83.2M | -0.4% |
| Q3 2025 | $83.9M | -5% |
| Q2 2025 | $85.9M | -6% |
| Q1 2025 | $77.6M | -19% |
From BrightSpire Capital's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does BrightSpire Capital make money?
BrightSpire Capital (BRSP) made $87.4M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 28¢ was left as operating profit, 54¢ was left as net earnings.
What is BrightSpire Capital's profit margin?
Net earnings were $46.9M, 53.7% of revenue, in the third quarter 2026; the operating margin was 28.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.