| Segment Reporting |
15. Segment Reporting The entirety of the Company's business, inclusive of all income and expense from continuing operations of the Company as a whole, is reported as a single reportable segment. The approach of managing the whole Company as a single business is consistent with the manner in which its Chief Executive Officer, in the role as the Company's chief operating decision maker or CODM, assesses the allocation of resources and performance of the Company. The segment earnings measure is net income (loss) from continuing operations attributable to common stockholders. The CODM is provided with significant expense categories that are consistent with those disclosed in the consolidated statements of operations and additionally, budgeted fee revenue, compensation and administrative expenses of the Company. This information, along with the segment earnings measure, is used by the CODM to monitor financial performance from core operations of the business against budget and in making strategic decisions regarding key areas of growth for the business and consequently, investment or divestment of resources. The CODM does not review disaggregated assets by segment. Segment Results of Operations The following table presents net income (loss) from continuing operations attributable to common stockholders for the Company's single reportable segment and is reconciled to the consolidated statement of operations. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (In thousands) | | 2026 | | 2025 | | 2026 | | 2025 | | | | Revenues | | | | | | | | | | | | Fee revenue | | $ | 87,837 | | | $ | 85,262 | | | $ | 175,146 | | | $ | 175,401 | | | | | Carried interest allocation (reversal) | | 286,018 | | | (115,074) | | | 241,289 | | | (170,538) | | | | | Principal investment income | | 127,838 | | | 20,437 | | | 152,424 | | | 25,744 | | | | | Other income | | 6,986 | | | 6,168 | | | 12,056 | | | 11,633 | | | | | Total revenues | | 508,679 | | | (3,207) | | | 580,915 | | | 42,240 | | | | | Expenses | | | | | | | | | | | | Compensation expense—cash and equity-based | | 50,464 | | | 47,002 | | | 99,614 | | | 93,112 | | | | | Compensation expense—incentive fee and carried interest allocation (reversal) | | 185,455 | | | (43,372) | | | 162,315 | | | (65,676) | | | | | Administrative and other expenses | | 21,784 | | | 11,440 | | | 41,521 | | | 27,386 | | | | | Interest expense | | 5,484 | | | 4,570 | | | 9,027 | | | 8,468 | | | | | Transaction-related costs | | 6,192 | | | 4,208 | | | 20,360 | | | 8,629 | | | | | Depreciation and amortization | | 5,498 | | | 8,585 | | | 10,818 | | | 15,811 | | | | | | | | | | | | | | | | Total expenses | | 274,877 | | | 32,433 | | | 343,655 | | | 87,730 | | | | | Other income (loss) | | | | | | | | | | | | Other gain (loss), net | | 4,494 | | | 9,063 | | | 8,547 | | | 8,544 | | | | | Income (loss) from continuing operations before income taxes | | 238,296 | | | (26,577) | | | 245,807 | | | (36,946) | | | | | Income tax benefit (expense) | | (941) | | | (753) | | | (933) | | | (1,054) | | | | | Income (loss) from continuing operations | | 237,355 | | | (27,330) | | | 244,874 | | | (38,000) | | | | | Income (loss) from continuing operations attributable to noncontrolling interests: | | | | | | | | | | | | Redeemable noncontrolling interests | | 882 | | | 1,397 | | | 2,008 | | | 649 | | | | | Investment entities | | 3,435 | | | (59,785) | | | (15,778) | | | (87,667) | | | | | Operating Company | | 5,282 | | | 983 | | | 5,583 | | | 1,243 | | | | | Income (loss) from continuing operations attributable to DigitalBridge Group, Inc. | | $ | 227,756 | | | $ | 30,075 | | | $ | 253,061 | | | $ | 47,775 | | | | | Preferred stock dividends | | 14,660 | | | 14,660 | | | 29,320 | | | 29,320 | | | | | | | | | | | | | | | | Income (loss) from continuing operations attributable to common stockholders | | $ | 213,096 | | | $ | 15,415 | | | $ | 223,741 | | | $ | 18,455 | | | | | | | | | | | | | | | | Reconciliation of segment earnings measure to consolidated statement of operations: | | | | | | | | | | | | Income (loss) from continuing operations attributable to common stockholders | | $ | 213,096 | | | $ | 15,415 | | | $ | 223,741 | | | $ | 18,455 | | | | | Income (loss) from discontinued operations attributable to common stockholders | | (416) | | | 1,547 | | | (5,756) | | | (2,371) | | | | | Net income (loss) attributable to common stockholders | | $ | 212,680 | | | $ | 16,962 | | | $ | 217,985 | | | $ | 16,084 | | | |
Geography Geographic information about the Company's total revenues from continuing operations and long-lived assets, excluding assets of discontinued operations, are as follows. Geography is generally presented as the location in which income generating services are substantially performed. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (In thousands) | | 2026 | | 2025 | | 2026 | | 2025 | | | | Total revenues by geography: | | | | | | | | | | | | United States | | $ | 492,302 | | | $ | (16,262) | | | $ | 552,140 | | | $ | 16,828 | | | | Europe (1) | | 11,968 | | | 10,444 | | | 22,322 | | | 20,428 | | | | | Other | | 1,298 | | | 21 | | | 2,057 | | | 36 | | | | Total (2) | | $ | 505,568 | | | $ | (5,797) | | | $ | 576,519 | | | $ | 37,292 | | | |
| | | | | | | | | | | | | | | | (In thousands) | | June 30, 2026 | | December 31, 2025 | | Long-lived assets by geography: | | | | | | United States | | $ | 14,307 | | | $ | 16,319 | | | Europe | | 10,174 | | | 10,878 | | | Other | | 788 | | | 1,028 | | Total (3) | | $ | 25,269 | | | $ | 28,225 | | __________(1) Revenues generated in Europe are predominantly U.S. dollar denominated. (2) Total revenues excludes cost reimbursement income from affiliates (Note 14) that is included within other income. (3) Long-lived assets include lease right-of-use assets and fixed assets, and exclude financial instruments, goodwill and intangible assets.
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