BrightSpire Capital, Inc.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 18, 2026
BRSP$3.28-2.7%Stored close · as of Nov 10, 2026
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Item 15. Exhibits and Financial Statement Schedules
(a)(1) and (2). Financial Statement and Schedules of BrightSpire Capital, Inc.
| Report of Independent Registered Public Accounting Firm (Deloitte & Touche LLP, PCAOB Auditor ID: No. 34) | F-2 |
|---|---|
| Report of Independent Registered Public Accounting Firm (Ernst & Young LLP, PCAOB Auditor ID: No. 42) | F-4 |
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | F-5 |
| Consolidated Statements of Operations for the Years Ended December 31, 2025, 2024 and 2023 | F-7 |
| Consolidated Statements of Comprehensive Income (Loss) for the Years Ended December 31, 2025, 2024 and 2023 | F-8 |
| Consolidated Statements of Equity for the Years Ended December 31, 2025, 2024 and 2023 | F-9 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024, and 2023 | F-10 |
| Notes to Consolidated Financial Statements: | F-12 |
| 1. Business and Organization | F-12 |
| 2. Summary of Significant Accounting Policies | F-12 |
| 3. Loans and Preferred Equity Held for Investment, net | F-23 |
| 4. Real Estate, net and Real Estate Held for Sale | F-28 |
| 5. Deferred Leasing Costs and Other Intangibles | F-31 |
| 6. Restricted Cash, Other Assets and Accrued and Other Liabilities | F-32 |
| 7. Debt | F-34 |
| 8. Related Party Arrangements | F-38 |
| 9. Equity-Based Compensation | F-38 |
| 10. Stockholders’ Equity | F-40 |
| 11. Noncontrolling Interests | F-41 |
| 12. Fair Value | F-41 |
| 13. Income Taxes | F-44 |
| 14. Commitment and Contingencies | F-46 |
| 15. Segment Reporting | F-48 |
| 16. Earnings Per Share | F-51 |
| 17. Subsequent Events | F-52 |
| Schedule III Real Estate and Accumulated Depreciation as of December 31, 2025 | F-53 |
| Schedule IV Mortgage Loans on Real Estate as of December 31, 2025 | F-56 |
All other schedules are omitted because they are not applicable, or the required information is included in the consolidated financial statements or notes thereto.
(a)(3) Exhibits
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