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DBRG-PI

DigitalBridge Group, Inc.

DBRG-PI

DigitalBridge Group, Inc. • NYSE
$20.95 ▼ -2.19% (-0.47)
Market Cap $3.82 B
52w High $25.08
52w Low $20.28
Dividend Yield 1.79%
P/E -28.16
Volume 29.34K
Outstanding Shares 94.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $124.031M ▲ $66.157M ▲ $31.414M ▼ 25.328% ▼ $0.09 ▼ $-1.078M ▼
Q2-2025 $111.867M ▲ $15.07M ▼ $31.622M ▲ 28.267% ▼ $0.096 ▲ $96.797M ▲
Q1-2025 $45.447M ▼ $63.817M ▼ $13.782M ▲ 30.325% ▲ $0.019 ▲ $755K ▼
Q4-2024 $66.174M ▼ $71.64M ▼ $-5.051M ▼ -7.633% ▼ $-0.12 ▼ $17.988M ▼
Q3-2024 $76.125M $73.459M $13.778M 18.099% $-0.014 $60.136M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $358.416M ▲ $3.491B ▲ $971.387M ▲ $2.052B ▲
Q2-2025 $340.698M ▼ $3.409B ▼ $957.753M ▼ $2.019B ▲
Q1-2025 $349.912M ▲ $3.439B ▼ $974.263M ▼ $1.961B ▲
Q4-2024 $302.154M ▲ $3.513B ▼ $1.022B ▼ $1.959B ▼
Q3-2024 $294.416M $3.543B $1.037B $1.98B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $31.115M ▲ $56.499M ▼ $-29.005M ▲ $-7.568M ▲ $18.929M ▲ $56.136M ▼
Q2-2025 $29.575M ▲ $76.973M ▲ $-71.752M ▼ $-17.417M ▲ $-9.085M ▼ $76.351M ▲
Q1-2025 $17.926M ▲ $50.298M ▲ $17.474M ▲ $-21.875M ▼ $47.808M ▲ $49.992M ▲
Q4-2024 $765K ▼ $28.704M ▼ $-4.373M ▼ $-13.035M ▲ $7.822M ▼ $28.421M ▼
Q3-2024 $12.306M $35.901M $10.38M $-15.886M $32.56M $35.901M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
Management Service
Management Service
 $80.00M ▲$80.00M ▲$100.00M ▲$90.00M ▼
Management Service Base
Management Service Base
 $80.00M ▲$80.00M ▲$90.00M ▲$80.00M ▼
Management Service Other
Management Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement DigitalBridge’s income profile has moved from heavy losses a few years ago to modest but consistent profitability more recently. Revenue has been relatively stable to slightly rising over time, and the company has steadily improved its operating performance, turning operating losses into solid operating profits. Profitability used to be very volatile, especially during the early transformation years when the firm was exiting legacy real estate and repositioning into digital infrastructure. Today, results look cleaner and more predictable, with positive earnings, but they are still not at the level of a mature, slow‑changing REIT. The key story is a successful turnaround from deep losses to sustainable, though still moderate, profitability.

Balance Sheet

Balance Sheet The balance sheet shows a company that has deliberately slimmed down and de‑risked. Total assets have shrunk meaningfully as DigitalBridge sold or rotated out of older, non‑core holdings. At the same time, debt has been cut sharply from earlier, highly leveraged levels to something much more manageable relative to the current size of the business. Equity has held up reasonably well through this transition, suggesting that the restructuring did not come solely at the expense of shareholders. Cash is lower than during the peak reshaping period but still provides a reasonable liquidity cushion. Overall, the balance sheet looks cleaner, lighter, and better aligned with an asset‑management, investor‑operator model rather than a heavily asset‑owned REIT.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive in recent years, though not large, which reflects a business that is profitable but not cash‑gushing. The big change is on the investment side: a few years ago, the company was spending heavily and generating very negative free cash flow as it built and repositioned its digital infrastructure platform. More recently, capital spending has been far more contained, and free cash flow has swung into positive territory. That shift reduces reliance on external funding and signals that the most capital‑intensive phase of the strategic overhaul may be behind them. Still, as an investor in growth‑heavy assets like data centers and fiber, future cash flows will depend on how aggressively the firm chooses to invest.

Competitive Edge

Competitive Edge DigitalBridge occupies a specialized niche at the crossroads of real estate, infrastructure, and technology. Unlike broad REITs or generalist private equity firms, it focuses exclusively on digital infrastructure: data centers, towers, fiber, small cells, and edge facilities. Its edge comes from long experience operating these assets, not just financing them, and from relationships with major cloud, telecom, and technology customers. The firm has built global scale in this narrow segment, which makes it a natural partner for large, multinational clients that need consistent infrastructure solutions across regions. However, it still competes with very well‑capitalized rivals, and the digital infrastructure space is drawing growing interest from large asset managers, so maintaining that edge will require continued strong execution and differentiated expertise.

Innovation and R&D

Innovation and R&D Innovation at DigitalBridge is less about lab research and more about how it deploys capital and designs infrastructure for new technology waves, especially artificial intelligence. The company is leaning into AI‑ready data centers, emphasizing power availability, cooling, and network performance, and has assembled a substantial power pipeline that acts like a strategic “power bank” for customers. It is also partnering upstream in the AI stack, for example with Intel through the Articul8 venture, to tap into enterprise AI solutions. Its full‑stack approach—from fiber and towers to edge and hyperscale data centers—positions it to benefit from traffic growth across the network. New strategies focused on digital energy and stabilized data centers show it is trying to broaden its product set for different types of investors. The key risk is execution: these are ambitious, capital‑intensive themes, and success depends on picking the right projects and partners as the AI and digital infrastructure landscape evolves.

Summary

DigitalBridge today is the product of a major strategic shift from a traditional, mixed real estate owner into a focused digital infrastructure investor‑operator. Financially, the company has moved from deep and volatile losses to modest, steady profitability and positive free cash flow, supported by a leaner balance sheet with much lower leverage than in the past. Strategically, it sits in the middle of powerful long‑term trends—cloud, 5G, AI, and data growth—and has built a specialized, globally scaled platform to serve them. For a preferred security like DBRG‑PI, what matters most is the durability of cash flows, the strength of the balance sheet, and the resilience of the underlying franchise. The recent direction of travel on all three is positive, but the business still operates in a competitive, fast‑changing segment where large capital commitments and execution quality will continue to drive outcomes over time.