---
schema_version: "secwatch.filing_event.v1"
accession: "0001717547-26-000005"
form_type: "8-K"
ticker: "BRSP"
cik: "0001717547"
company_name: "BrightSpire Capital, Inc."
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:27:57.767973+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BrightSpire Capital Q4 GAAP loss $0.12/sh; adj. distributable earnings $0.15/sh

## Summary
- GAAP net loss Q4 $14.4M ($0.12/sh); full-year loss $31.1M ($0.26/sh).
- Adjusted Distributable Earnings Q4 $19.3M ($0.15/sh); full-year $83.6M ($0.64/sh).
- GAAP book value $7.30/sh, undepreciated book value $8.44/sh as of Dec 31, 2025.
- CEO notes strongest originations since restart; new CRE CLO closed; REO/watchlist resolutions accelerated.
- Distributable Loss Q4 $35.5M ($0.28/sh); full-year loss $17.5M ($0.13/sh).

## SEC filing metadata
- accession: 0001717547-26-000005
- form_type: 8-K
- ticker: BRSP
- cik: 0001717547
- company_name: BrightSpire Capital, Inc.
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000005/0001717547-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000005/brsp-20260217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717547-26-000005
- JSON: https://secwatch.observer/filing/0001717547-26-000005.json
- Plain text: https://secwatch.observer/filing/0001717547-26-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.