DigitalBridge Group, Inc. DBRG
We are a leading global investment manager in digital infrastructure, deploying and managing capital across the digital ecosystem, including data centers, cell towers, and fiber networks. Our diverse global investor base includes public and private pensions, sovereign wealth funds, other asset managers, insurance companies, and endowments. At December 31, 2025, we had $41.0 billion of fee earning equity under management ("FEEUM").
Our head office is in Boca Raton, Florida, with key offices in New York, London, Luxembourg and Singapore. At December 31, 2025, we had 316 employees.
We operate as a taxable C Corporation and conduct substantially all of our activities and hold substantially all of our assets and liabilities through our Operating Company. As sole managing member, we own 97% of the Operating Company at December 31, 2025.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $374.4M | $329.7M | $264.1M | $172.7M | $180.8M | $416.4M | $61.0M | $1.17B | $2.55B | $642.5M |
| SG&A | $64.2M | $115.0M | $86.9M | $117.3M | $77.8M | $78.8M | $65.2M | $98.4M | $106.3M | $48.1M |
| Total operating expenses | $185.5M | $496.9M | $551.9M | $571.7M | $423.7M | $787.5M | $228.1M | $1.85B | $3.14B | $533.1M |
| Interest expense | — | — | — | — | $186.9M | $120.8M | $41.2M | $334.6M | $536.3M | $125.2M |
| Pre-tax income | -$17.0M | $168.8M | $365.6M | -$46.7M | -$56.0M | -$638.2M | -$560.1M | -$468.1M | -$220.6M | $297.9M |
| Income tax | $5.7M | $2.9M | $6.0K | $13.1M | $21.5M | $47.1M | $10.6M | $50.1M | $100.5M | $4.2M |
| Net income | -$27.0M | $147.0M | $45.0M | -$570.0M | -$817.0M | -$2.68B | -$1.05B | -$519.6M | -$197.9M | $115.3M |
| EPS, basic | 0.46 | 0.07 | 0.78 | -2.47 | -3.14 | -23.25 | -2.41 | -1.28 | -0.64 | 0.39 |
| EPS, diluted | 0.46 | 0.07 | 0.77 | -2.47 | -3.14 | -23.25 | -2.41 | -1.28 | -0.64 | 0.39 |
| Shares, diluted (wtd. avg.) | $175.7M | $168.8M | $169.7M | $154.5M | $122.9M | $118.4M | $479.6M | $497.0M | $532.6M | $164.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $382.5M | $302.2M | $345.3M | $855.6M | $1.23B | $703.5M | $1.21B | $461.9M | $921.8M | $376.0M |
| Property, plant and equipment | $7.0M | $9.7M | $7.2M | $8.9M | $17.2M | $21.2M | — | — | — | — |
| Goodwill | $465.6M | $465.6M | $466.0M | $298.2M | $761.4M | $761.4M | $1.45B | $1.51B | $1.51B | $660.1M |
| Other intangibles | $48.4M | $72.5M | $103.8M | $85.7M | $1.19B | $1.34B | $632.2M | $445.9M | $852.9M | $278.7M |
| Total assets | $3.42B | $3.51B | $3.56B | $11.03B | $14.20B | $20.20B | $19.83B | $22.22B | $24.79B | $9.76B |
| Long-term debt | $298.8M | $296.4M | $371.8M | $569.4M | $4.86B | $3.93B | $5.52B | $8.98B | $10.83B | $3.72B |
| Total liabilities | $969.0M | $1.02B | $1.05B | $6.46B | $8.93B | $12.91B | $10.90B | $11.06B | $12.40B | $4.14B |
| Retained earnings | -$6.76B | -$6.84B | -$6.84B | -$6.96B | -$6.58B | -$6.20B | -$3.39B | -$2.02B | -$1.17B | -$246.1M |
| Total equity | $2.11B | $1.96B | $2.49B | $4.47B | $4.91B | $6.98B | $8.93B | $11.15B | $12.35B | $5.62B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $259.3M | $60.1M | $233.6M | $262.6M | $248.2M | $89.9M | $170.9M | $507.0M | $582.5M | $405.2M |
| Depreciation and amortisation | $29.5M | $33.7M | $485.6M | $579.2M | $636.6M | $578.3M | $596.3M | $572.4M | $617.8M | $171.7M |
| Stock-based compensation | $34.2M | $34.7M | $67.6M | $54.7M | $59.4M | $35.0M | $39.6M | $41.9M | $154.4M | $13.6M |
| Capital expenditure | $1.4M | $3.6M | $0 | $0 | $0 | — | — | — | — | — |
| Investing cash flow | -$126.0M | -$11.2M | -$979.0M | -$1.91B | $146.6M | -$1.93B | $4.20B | -$268.2M | $1.67B | $215.5M |
| Financing cash flow | -$48.3M | -$90.8M | $58.2M | $923.8M | $411.3M | $1.37B | -$3.78B | -$788.4M | -$1.36B | -$491.3M |
| Dividends paid | $7.1M | $6.8M | $6.5M | $1.6M | $0 | $106.5M | $214.1M | $310.5M | $482.2M | $181.2M |
| Buybacks | — | $0 | $0 | $55.0M | $0 | $24.7M | $10.7M | $343.1M | $300.2M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-049502.
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