DigitalBridge Group (DBRG) investor relations material

Executive summary

• Reported Q1 2026 GAAP net income attributable to common stockholders of $5.3 million ($0.03 per share) and Distributable Earnings of $13.4 million ($0.07 per share), with no earnings call or detailed guidance due to the pending SoftBank acquisition.

• SoftBank Group Corp. will acquire all outstanding shares for $16.00 per share in an all-cash transaction, approved by stockholders on April 23, 2026, pending closing conditions.

• Declared a $0.01 per share common dividend and preferred dividends for Series H, I, and J, payable July 15, 2026.

• The company operates as a global investment manager in digital infrastructure, managing $40.8 billion in fee earning equity under management (FEEUM).

Financial highlights

• Fee revenue was $87.5 million in Q1 2026, down 3% year-over-year but up 12% year-over-year excluding catch-up fees.

• Fee Related Earnings (FRE) were $24.0 million, down 31% year-over-year, but up 4% year-over-year ex-catch-up fees.

• Distributable Earnings fell 76% year-over-year to $13.4 million, reflecting the absence of a large principal investment realization seen in Q1 2025.

• Net carried interest reversal of $1.2 million and net principal investment income of $29.0 million in Q1 2026.

• Total revenues were $72.2 million, up from $45.4 million year-over-year, driven by variability in unrealized carried interest reversals and principal investment income.

Outlook and guidance

• No detailed financial guidance provided due to the pending acquisition by SoftBank.

• The merger with SoftBank is expected to close in the second half of 2026, with the company continuing as a separately managed platform.

• Management believes it has sufficient liquidity and capital resources to meet operational and strategic needs.