BrightSpire Capital, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Net loss | $ | (38,768) | $ | (135,517) | $ | (15,619) | ||||||||||||||
| Net income (loss) attributable to noncontrolling interests: | ||||||||||||||||||||
| Investment Entities | 7,620 | 3,538 | 70 | |||||||||||||||||
| Net loss attributable to BrightSpire Capital, Inc. common stockholders | $ | (31,148) | $ | (131,979) | $ | (15,549) | ||||||||||||||
| Numerator: | ||||||||||||||||||||
| Dividends allocated to participating securities (non-vested shares) | $ | (1,857) | $ | (1,928) | $ | — | ||||||||||||||
| Net income (loss) attributable to common stockholders | $ | (33,005) | $ | (133,907) | $ | (15,549) | ||||||||||||||
| Denominator: | ||||||||||||||||||||
Weighted average shares outstanding - basic(1) | 126,883 | 127,441 | 127,060 | |||||||||||||||||
Weighted average shares outstanding - diluted(2) | 126,883 | 127,441 | 127,060 | |||||||||||||||||
| Net loss per common share - basic | $ | (0.26) | $ | (1.05) | $ | (0.12) | ||||||||||||||
| Net loss per common share - diluted | $ | (0.26) | $ | (1.05) | $ | (0.12) | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 21, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.