Filing Flows › Franklin BSP Realty Trust (FBRT) › Q2 2026 › vs Q1 2026
Franklin BSP Realty Trust (FBRT) Q2 2026 vs Q1 2026 (quarter over quarter)
Franklin BSP Realty Trust's revenue fell $9.1M (-12%) from $74.4M in Q1 2026 to $65.3M in Q2 2026. Operating margin 20.5% against 17.8% (+2.7 pts).
Franklin BSP Realty Trust, Q2 2026: revenue $65.3M (+32% year over year), operating margin 20.5%, net earnings $15.6M, operating cash flow $48.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 20.5% | 17.8% | +2.7 pts |
| Net margin | 23.8% | 16.1% | +7.7 pts |
| Free cash flow margin | 73.6% | -72.9% | +146.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $65.3M | $74.4M | −$9.1M | -12% |
| Operating profit | $13.4M | $13.2M | $159K | +1% |
| Costs & expenses | $51.9M | $61.2M | −$9.2M | -15% |
| Pre-tax earnings | $13.4M | $13.2M | $159K | +1% |
| General & admin | $2.0M | $2.3M | −$306K | -13% |
| Other operating costs | $49.9M | $58.8M | −$8.9M | -15% |
| Income tax benefit | $2.9M | −$929K | $3.8M | — |
| Net earnings | $15.6M | $12.0M | $3.6M | +30% |
| Minority interests | $706K | $312K | $394K | +126% |
| Depreciation & amortization | $2.0M | $3.4M | −$1.4M | -42% |
| Share-based compensation | $2.5M | $2.4M | $54K | +2% |
| Working capital & other | $28.3M | −$71.8M | $100M | — |
| Operating cash flow | $48.3M | −$54.0M | $102M | — |
| Free cash flow (OCF − capex) | $48.1M | −$54.3M | $102M | — |
| Capital expenditures | $191K | $240K | −$49K | -20% |
Questions
How much did Franklin BSP Realty Trust's revenue grow quarter over quarter in Q2 2026?
Franklin BSP Realty Trust's revenue fell $9.1M (-12%) from $74.4M in Q1 2026 to $65.3M in Q2 2026. Operating margin 20.5% against 17.8% (+2.7 pts).