# BRIGHTSPIRE CAPITAL, INC. (BRSP) · Edgar & Edgarette company card

> Brightspire Capital (BRSP) saw revenue fall 7.9% in FY2025 to $331 million, equity 26.3% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1717547 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BRSP) · [JSON](https://www.pops4.com/boards/company/BRSP.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $331M |
| Revenue growth, 1 year | -7.9% |
| Revenue growth per year | 14.2% |
| Operating margin | — |
| Net margin | -11.7% |
| Operating cash flow | $73M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $67M |
| Long-term debt | $2.5B |
| Total assets | $3.6B |
| Total equity | $938M |
| Equity ÷ assets | 26.3% |
| Return on equity | -4.1% |
| Dividend per share | $0.64 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; revenue is hard to predict: its 80% range is ±40%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $330.6M (FY2025), total debt $2.5B. Experience: revenue down 7.9% on the year, up 14.2% a year over 4 years. Soundness: equity 26.3% of assets, return on equity -4.1%, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $201.4M and $470.2M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $162.5M to $587.7M. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): growth -7.9% against 3.7%.

Range logged 2026-09-24, receipt 494e24e9e8243c08, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-05-20 ([filing](https://www.sec.gov/Archives/edgar/data/1717547/000171754726000050/0001717547-26-000050-index.htm))

## Recent filings

- 10-Q · filed 2026-10-28 · [filing](https://www.sec.gov/Archives/edgar/data/1717547/000171754726000076/0001717547-26-000076-index.htm)
- 8-K · filed 2026-10-27 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1717547/000171754726000072/0001717547-26-000072-index.htm)
- 8-K · filed 2026-10-21 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1717547/000171754726000068/0001717547-26-000068-index.htm)
- 8-K · filed 2026-09-16 · 2.01 Completion of Acquisition or Disposition of Assets; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1717547/000171754726000065/0001717547-26-000065-index.htm)
- 10-Q · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/1717547/000171754726000062/0001717547-26-000062-index.htm)
- 8-K · filed 2026-07-28 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1717547/000171754726000059/0001717547-26-000059-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001717547.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1717547

## Cite

POPS4, Edgar & Edgarette: BRIGHTSPIRE CAPITAL, INC. (BRSP) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/BRSP. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.