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In this Annual Report, unless specifically stated otherwise or the context indicates otherwise, the terms the "Company," "DBRG," "DigitalBridge," "we," "our" and "us" refer to DigitalBridge Group, Inc. and its consolidated subsidiaries. References to the Operating Company and the OP refer to DigitalBridge Operating Company, LLC, a Delaware limited liability company and the operating company of …
The business is unprofitable at the operating level (-97.37% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 84.5% YoY. Margins deteriorated 115.5pp alongside, both lines moving the wrong way.
ROIC dropped from 4.73% to -3.05%, capital efficiency is deteriorating. Operating margin contracted 115.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$121M
▼ -84.5% YoY
Net Income (TTM)
$148M
▲ +101.2% YoY
Op. Margin
-64.75%
▼ -115.5pp YoY
ROIC
-2.56%
▼ -7.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$168M
▲ +356.3% YoY
Op. Cash Flow (TTM)
$169M
▲ +331.3% YoY
Net Debt
-$82M
Net Cash Position
Cash & Equiv.
$411M
5Y CAGR: -25.8%
5Y CAGR: +23.5%
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