The strong growth in Fee Related Earnings and Distributable Earnings, coupled with a 15% increase in FEEUM, indicates a robust core business. The SoftBank acquisition at a 100% premium to the current share price is a major catalyst. Traders should monitor the shareholder vote and regulatory approval process for the merger.
Price Chart
Executive Summary
DigitalBridge reported Q4 2025 GAAP net income of $50.4 million ($0.28/share) and full-year net income of $83.2 million ($0.46/share), with strong growth in non-GAAP metrics: Fee Revenue up 14% YoY to $375M, Fee Related Earnings up 33% to $142M, and Distributable Earnings up 84% to $96.8M. The company declared a $0.01 common dividend and is pursuing an all-cash acquisition by SoftBank at $16.00/share, which is subject to shareholder and regulatory approval.
Key Financial Metrics
Key Facts
- GAAP net income attributable to common stockholders was $50.4 million in Q4 2025 ($0.28/share) and $83.2 million for the full year ($0.46/share).
- Fee Revenue increased 14% YoY to $375.0 million for the full year 2025.
- Fee Related Earnings increased 33% YoY to $142.0 million for the full year 2025.
- Distributable Earnings increased 84% YoY to $96.8 million for the full year 2025.
- Fee Earning Equity Under Management (FEEUM) increased 15% YoY to $41.0 billion in Q4 2025.
- The company declared a cash dividend of $0.01 per common share.
- DigitalBridge entered into a definitive agreement to be acquired by SoftBank Group Corp. for $16.00 per share in an all-cash transaction.
Financial Impact
Strong growth in core fee-based earnings and assets under management, with a significant $16.00/share acquisition offer.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Fee Revenue | $374.4M | +14.0% |
| Carried interest allocation (reversal) | -$376.2M | -272.4% |
| Principal investment income | $73.1M | +143.7% |
| Other income | $22.6M | -22.3% |
Risk Factors
- The merger with SoftBank is subject to shareholder and regulatory approval and may not be completed.
- The company will not be hosting a conference call or providing detailed financial guidance due to the pendency of the acquisition.
- The common stock dividend is very small at $0.01 per share.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001679688-26-000016 |
| Document: dbrg-20260225.htm | 0001679688-26-000016 |
| Document: 0001679688-26-000016-index-headers.html | 0001679688-26-000016 |
| Document: 0001679688-26-000016-index.html | 0001679688-26-000016 |
| Document: 0001679688-26-000016.txt | 0001679688-26-000016 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 15-12G | — | awaiting T+60 | — | — |
Sep 30, 2026 27d ago | 25-NSE | $16.00 | awaiting T+60 | — | — |
Sep 30, 2026 27d ago | 8-K | $16.00 | awaiting T+60 | — | — |
May 29, 2026 21w ago | 8-K | $15.39 $15.36 | ▼ −0.19% | ▼ −1.43% | — |
May 27, 2026 21w ago | 8-K | $14.60 $15.36 | ▲ +5.21% | ▲ +3.33% | — |
Mar 6, 2026 33w ago | PREM14A | $15.37 $15.67 | ▲ +1.95% | ▼ −10.04% | — |
Feb 25, 2026 34w ago | 8-K | $15.40 $15.70 | ▲ +1.95% | ▼ −5.80% | — |
US Market Status
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