Filing Flows › Franklin BSP Realty Trust (FBRT) › Q2 2026 › vs Q2 2025
Franklin BSP Realty Trust (FBRT) Q2 2026 vs Q2 2025 (year over year)
Franklin BSP Realty Trust's revenue rose $16.0M (+32%) from $49.3M in Q2 2025 to $65.3M in Q2 2026. Operating margin 20.5% against 49.1% (-28.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 20.5% | 49.1% | -28.6 pts |
| Net margin | 23.8% | 47.0% | -23.2 pts |
| Free cash flow margin | 73.6% | 23.1% | +50.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $65.3M | $49.3M | $16.0M | +32% |
| Operating profit | $13.4M | $24.2M | −$10.9M | -45% |
| Costs & expenses | $51.9M | $25.1M | $26.8M | +107% |
| Pre-tax earnings | $13.4M | $24.2M | −$10.9M | -45% |
| General & admin | $2.0M | $3.9M | −$1.9M | -48% |
| Other operating costs | $49.9M | $21.2M | $28.7M | +135% |
| Income tax benefit | $2.9M | $138K | $2.8M | 21× |
| Net earnings | $15.6M | $23.2M | −$7.6M | -33% |
| Minority interests | $706K | $1.2M | −$477K | -40% |
| Depreciation & amortization | $2.0M | $1.4M | $602K | +44% |
| Share-based compensation | $2.5M | $2.3M | $141K | +6% |
| Working capital & other | $28.3M | −$15.1M | $43.3M | — |
| Operating cash flow | $48.3M | $11.8M | $36.5M | +308% |
| Free cash flow (OCF − capex) | $48.1M | $11.4M | $36.7M | +322% |
| Capital expenditures | $191K | $417K | −$226K | -54% |
Questions
How much did Franklin BSP Realty Trust's revenue grow year over year in Q2 2026?
Franklin BSP Realty Trust's revenue rose $16.0M (+32%) from $49.3M in Q2 2025 to $65.3M in Q2 2026. Operating margin 20.5% against 49.1% (-28.6 pts).