Company: DBRG
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001679688-25-000100
Chunk: 48

Company: DigitalBridge Group, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 48
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,750 497,288 Operating lease liability for corporate offices34,167 43,351 Contingent consideration payable—InfraBridge (Note 9)2,400 6,100 DBRG stock warrants (Note 9)500 700 Accounts payable and accrued expenses36,098 26,213 Due to affiliates (Note 14)1,222 1,675 Other liabilities3,265 5,996 Liabilities of discontinued operations278 259 544,283 668,018 Other liabilities of consolidated fundsSecurities sold short70,575 47,930 Due to custodians11,011 9,121 Contingent consideration payable (Note 9)14,801 — Other liabilities2,772 697 Total other liabilities$643,442 $725,766 __________(1)    Deferred investment management fees are expected to be recognized as fee revenue over a weighted average period of 4.4 years and 3.2 years as of September 30, 2025 and December 31, 2024. Deferred investment management fees recognized as income of $2.7 million and $1.8 million in the three months ended September 30, 2025 and 2024, respectively, and $4.0 million and $4.5 million in the nine months ended September 30, 2025 and 2024, respectively, pertain to the deferred management fee balance at the beginning of each respective period.Deferred Income TaxesThe Company has significant deferred tax assets associated with its domestic entities, related principally to capital loss carryforwards, outside basis difference in DBRG's interest in the OP, outside basis difference in investment in partnerships and net operating losses generated by a taxable U.S. subsidiary. As of September 30, 2025 and December 31, 2024, a full valuation allowance has been established against the deferred tax assets of its domestic entities as the realizability of these deferred tax assets did not meet the more-likely-than-not threshold. New U.S. Tax LegislationOn July 4, 2025, the legislation formally titled “An Act to Provide for Reconciliation Pursuant to Title II of H. Con. Res. 14” (“the Act”), commonly referred to as the One Big Beautiful Bill Act, was enacted into law. The centerpiece of the bill is the extension of expiring and in some cases, expired provisions of the