DigitalBridge Group (DBRG) Q4 2025 earnings summary

Executive summary

• Reported Q4 2025 GAAP net income attributable to common stockholders of $50.4 million ($0.28 per basic share) and full-year 2025 net income of $83.2 million ($0.46 per share).

• Distributable Earnings (DE) for Q4 2025 were $39.0 million, up 96% year-over-year; full-year DE was $96.8 million, up 84% year-over-year.

• Fee Related Earnings (FRE) for Q4 2025 were $37.7 million, up 7% year-over-year; full-year FRE was $142.0 million, up 33% year-over-year.

• Fee revenue for Q4 2025 was $105.9 million, up 4% year-over-year; full-year fee revenue was $375.0 million, up 14% year-over-year.

• Pending acquisition by SoftBank Group Corp. influenced the approach to this earnings release.

Financial highlights

• Q4 2025 net income attributable to common stockholders: $50.4 million ($0.28 per share); full-year: $83.2 million ($0.46 per share).

• Q4 2025 Distributable Earnings: $39.0 million; full-year: $96.8 million.

• Q4 2025 Fee Related Earnings: $37.7 million; full-year: $142.0 million.

• Q4 2025 fee revenue: $105.9 million; full-year: $375.0 million.

• Q4 2025 net carried interest allocation: $22.5 million; net principal investment income: $27.7 million.

Outlook and guidance

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