Filing Flows › DigitalBridge Group (DBRG) › Q4 2025
DigitalBridge Group (DBRG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
DigitalBridge Group (DBRG) reported revenue of $47.9M for the fourth quarter 2025 (Q4 2025), -28% from a year earlier and up 13-fold from the quarter before. Operating margin was -55.5%, net earnings $26.3M (54.9% of revenue).
DigitalBridge Group, Q4 2025: revenue $47.9M (-28% year over year), operating margin -55.5%, net earnings $26.3M, operating cash flow $75.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.9M | 13× | -28% |
| Operating profit | −$26.6M | — | — |
| Net earnings | $26.3M | — | — |
| Operating cash flow | $75.6M | +34% | +163% |
| Free cash flow | $75.5M | +34% | +166% |
What changed
Revenue was $47.9M in Q4 2025, down 28% year over year and up 1155% from the previous quarter. Management Service was the largest line, $105.7M against total revenue of $47.9M (other lines net negative).
Operating costs exceeded revenue by $26.6M, an operating margin of -55.5%. Total costs grew 9% against a revenue fall of 28%. The fastest-growing cost line was Other operating costs (+69%). Net earnings were $65.1M ($26.3M including minority interests, which bore $38.8M of losses). The effective tax rate was 15.7%. Non-operating items added $57.7M, 185% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $75.6M (up 163% year over year), 288% of net income including minority interests. Non-cash charges added back $6.5M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items added $35.2M. Capital expenditures of $59K left free cash flow of $75.5M.
Questions
What was DigitalBridge Group's revenue in the fourth quarter 2025?
DigitalBridge Group (DBRG) reported revenue of $47.9M for the fourth quarter 2025 (Q4 2025), -28% from a year earlier and up 13-fold from the quarter before.
Was DigitalBridge Group profitable in the fourth quarter 2025?
Operating loss was $26.6M (-55.5% of revenue) and net earnings $26.3M.