ZYBERNO
Stock Report
Updated Sep 1, 2026

BRIGHTSPIRE CAPITAL, INC. (BRSP)

Financial Services • NYSE

$4.75

Professional Investment Analysis

ZYBERNO SCORE
Is it a great business? Is it getting better?
18.0/100
POOR BUSINESS
BRIGHTSPIRE CAPITAL, INC. (BRSP) scores 18/100 — concerning metrics indicating significant structural or financial risks.
📊 How is the Zyberno Score calculated? +
VALUATION SIGNAL
MARGIN OF SAFETY
Is this stock cheap or expensive relative to what the business has historically generated for owners?
-100.0%
Overvalued
Growth gap unavailable — insufficient data for reverse DCF calculation.
🎯 Expected Annual Return
-32.8%
Margin of Safety convergence — your return if the market re-prices to intrinsic value (5-yr annualised)
8.9%
Yield + growth — what the business alone earns you, even if the market never re-rates
💰 How is Margin of Safety calculated? +
📈 How is Brina Gap calculated? +

Critical Financial Health Indicators

Return on Equity (Profitability):CRITICAL (-2.9%)
Debt-to-Equity (Solvency Risk):CRITICAL (3.26x)
Operating Margin (Operational Efficiency):CRITICAL (-10.1%)
Return on Capital (Capital Efficiency):CRITICAL (-0.6%)
📊 Valuation Trilogy
Three interconnected metrics for complete valuation analysis
Click any metric for full methodology and detailed analysis
Zyberno's Verdict

BRIGHTSPIRE CAPITAL, INC. (BRSP) stock report — Zyberno Score 18/100 (POOR BUSINESS), Margin of Safety -100.0%, -33% expected annual return. Full financial analysis on Zyberno.

According to Zyberno's DCF model, BRIGHTSPIRE CAPITAL, INC. (BRSP) trades at $4.75 against an estimated intrinsic value per share of $1.99 — a -100.0% Margin of Safety based on Owner Earnings of $56.39M TTM, projected at -27.2% growth for 10 years with a 2.5% terminal growth rate. Zyberno's model translates this into a 5-year expected return of -32.8% annually.

Over the trailing twelve months, BRSP generated $56.39M in Owner Earnings. Capital was deployed as follows: $10.93M returned via share buybacks, $83.92M paid as dividends, $17.06M invested in capital expenditures. Reinvestment rate: 72.6%. Owner Earnings have declined at 27.2% annually over the trailing five years using log-linear regression.

DIVISION I: EXECUTIVE SUMMARY
A. Market Valuation

Market Price & Capitalization (2)

Current Price:4.75
Market Cap:$601.87M

Valuation Multiples (3)

P/B Ratio:0.71x
P/S Ratio:1.79x
Peg Ratio:-999.00x

Enterprise Metrics (2)

Enterprise Value:$3.80B
Pfcf Ratio:10.67x

Price Action & Momentum (3)

Momentum Percentile:64 / 100
% of 52-Week High:77.0%
B. Profitability Assessment

Return Metrics (5)

ROA:-0.8%
Reinvestment Rate:72.6%
Fundamental Growth Rate (g):-0.5%

Margin Analysis (3)

Operating Margin Ttm:-10.1%
Net Margin Ttm:-8.0%
Ebitda Margin:-0.5%

TTM Performance (2)

Operating Margin Ttm:-10.1%
Net Margin Ttm:-8.0%

Yield Metrics (3)

Earnings Yield:-$4.84
Owner Earnings Yield:$9.37
Dividend Yield:13.9%
C. Log-Linear Regression Growth Trends

Earnings Surprise (SUE) (3)

EPS Surprise vs Expected:-23.7%
Latest Earnings Filed:2026-07-29

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):-7.1%

Earnings Growth (Linear) (1)

Net Income Growth Rate (Linear):-25.9%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):-27.2%
Operating Cash Flow Growth Rate (Linear):-20.5%

Operating Growth (Linear) (1)

Operating Income Growth Rate (Linear):-23.1%
D. Financial Stability

Liquidity Ratios (3)

Current Ratio:0.02x
Quick Ratio:0.02x
Cash Ratio:0.02x

Leverage Analysis (3)

Debt To Equity Ttm:3.26x
Debt-to-Equity Ratio:3.26x
Debt To Ebitda:-999.00x

Coverage Ratios (2)

Interest Coverage Ratio:-0.46x
Times Interest Earned:-0.46

Capital Structure (4)

Working Capital:-2,830,195,000.00
Cash And Cash Equivalents:68,157,000.00
Long Term Debt:$2.75B
Net Debt:$3.20B
DIVISION II: FINANCIAL STATEMENTS ANALYSIS
A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $335.79M
Linear Growth: -7.1%
📊 Click to view full BRSP Revenue analysis & methodology →
Cost Of Revenue Ttm:$0.00

Profitability Breakdown (2)

$0.00
Operating income TTM: -$33.78M
Linear Growth: -23.1%
📊 Click to view full BRSP Operating Income analysis & methodology →

Bottom Line Performance (3)

Net income TTM: -$26.86M
Linear Growth: -25.9%
📊 Click to view full BRSP Net Income analysis & methodology →
Income Before Tax:-$33.78M
Ebitda Ttm:-1,787,000.00

Operating Expenses (5)

Operating Expenses:239,516,000.00
R And D Expense:0.00
Sga Expense:0.00
Income Tax Expense:-$21.40M
Interest Expense:131,371,000.00

Expense Ratios (3)

R And D To Revenue Percentage:0.0%
Sga To Revenue Percentage:0.0%
Ebitda Margin:-0.5%
B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$3.75B
Current Assets:$68.16M
Ppe Net:0.00
Goodwill:0.00
Intangible Assets:$0.00

Liability Structure (4)

Total Liabilities:2,898,352,000.00
Current Liabilities:2,898,352,000.00
Long Term Debt:$2.75B
Short Term Debt:$519.04M

Equity & Capital (3)

Equity:$849.38M
Retained Earnings:-$1.98B
Common Stock:1,268,000.00

Working Capital Items (3)

Accounts Receivable:51,368,000.00
Inventory:0.00
Accounts Payable:0.00

Special Items (2)

Contract Liabilities:0.00
Stock Based Compensation:3,443,000.00
C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: $73.45M
Linear Growth: -20.5%
Free cash flow TTM: $56.39M
Linear Growth: -27.2%
📊 Click to view full BRSP Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:-$89.51M
Capital Expenditures Ttm:17,058,000.00

Financing Activities (3)

Financing Cash Flow:$94.02M
Dividends Paid Ttm:83,916,000.00
Stock Repurchase:10,934,000.00

Capital Transactions (3)

Common Stock Issuance:0.00
Long Term Debt Issuance:$0.00
Long Term Debt Repayments:$0.00

Non-Cash Items (1)

Depreciation Amortization Ttm:31,991,000.00
DIVISION III: OPERATIONAL METRICS
A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):-0.23
Eps diluted TTM: -$0.23
Linear Growth: -8.6%
📊 Click to view full BRSP EPS analysis & methodology →
Earnings Per Share Ttm:-$0.21

Revenue & Cash Per Share (3)

Sales Per Share Ttm:2.65
Operating Cash Flow Per Share:$0.58
Fcf Per Share Ttm:0.45

Book Value & Capital (2)

Book Value Per Share:$6.70
Cash Per Share:0.54

Dividend Policy (1)

Dividend Payout Ratio:-999.00x
B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:0.09x
Working Capital Turnover Ttm:-999.00x

Receivables Management (2)

Receivables Turnover Ttm:6.54x
Days Sales Outstanding Ttm:55.84

Inventory Management (2)

Inventory Turnover Ttm:-999.00x
Days Inventory Outstanding Ttm:-999.00

Payables & Cash Cycle (2)

Days Payable Outstanding:-999.00
Cash Conversion Cycle:55.84
C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:0.00
Quality Score:30.00

Market Metrics (2)

Beta:0.00x
Volatility Category:unknown
DIVISION IV: INVESTMENT ANALYSIS
A. Value Investment Framework

Owner Earnings Analysis (3)

Owner earnings TTM: $56.39M
Linear Growth: -27.2%
📊 Click to view full BRSP Owner Earnings analysis & methodology →
Owner Earnings Per Share:$0.45
Owner Earnings Yield:$9.37

Growth Assessment (1)

Owner Earnings Growth Rate:-$27.20

Damodaran Growth Analysis (2)

Reinvestment Rate:72.6%
Fundamental Growth Rate (g):-0.5%

Intrinsic Value Models (1)

Return Scenarios (2)

Investment Assessment (1)

Buffett Assessment:Overvalued
B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (3)

Revenue Growth Rate (Linear):-7.1%
Net Income Growth Rate (Linear):-25.9%
Operating Income Growth Rate (Linear):-23.1%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):-27.2%
Operating Cash Flow Growth Rate (Linear):-20.5%

Other Growth Rates (2)

Book Value Growth Rate (Linear):-12.7%
Owner Earnings Growth Rate:-$27.20
C. Company Profile & Context

Corporate Information (6)

Symbol:BRSP
Company Name:BRIGHTSPIRE CAPITAL, INC.
Sector:Financial Services
Industry:Real Estate
Exchange:NYSE
Country:United States

Market Classification (3)

Market Cap Category:N/A
Price Category:low
Volume Category:N/A

Share Structure (3)

Shares Outstanding:126.71M
Shares Outstanding Basic:126.71M
Shares Outstanding Diluted:126.71M

Data Processing Info (3)

Processing Version:v3.0
Last Updated:2026-09-01 12:58:31 UTC
Data Timestamp:2026-09-01T12:58:31.434004
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