Company: DBRG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001679688-25-000084
Chunk: 22

Company: DigitalBridge Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 22
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)Cash, cash equivalents and restricted cash—end of period$345,021 $265,916 

Operating Activities 

Cash inflows from operating activities are generated primarily through fee-related earnings, distributions of our share of net carried interest, and distribution of earnings from our general partner affiliate interests in our sponsored funds. 

Our operating activities generated net cash inflows of $127.3 million in 2025 and outflows of $4.5 million in 2024. Outside of recurring operating activities, cash inflows in 2025 also included distribution of earnings from the secondary sale of equity in our DataBank portfolio company of $34.0 million, $5.1 million from disposition of an investment in our InfraBridge fund and $18.2 million from net insurance recoveries related to litigation costs incurred in prior periods.   

Investing Activities

Investing activities relate to general partner and general partner affiliate investments in sponsored funds, including drawdown of commitments and return of capital from realized fund investments.

Our investing activities generated net cash outflows of $68.5 million and $17.2 million in 2025 and 2024, respectively.

•In 2025, net cash outflows were driven by $73.6 million of fundings, net of distributions, for our general partner and general partner affiliate commitments in our sponsored funds and $32.6 million of investments warehoused for potential new products. This was partially offset by return of capital of (i) $24.8 million from the secondary sale of equity in our DataBank portfolio company, (ii) $12.1 million from disposition and recapitalization of investments in our InfraBridge fund, and (iii) $2.4 million from our CLO subordinated notes.

•Net cash outflows in 2024 were driven by $17.0 million of fundings, net of distributions, for our general partner and general partner     affiliate commitments in our sponsored funds.

Financing Activities

We incur cash outlays primarily for payments on our corporate debt, and dividends to our preferred stockholders and common stockholders. 

Financing activities generated net cash outflows in 2025 and 2024. 

•In 2025, net cash outflows of $25.1 million were driven by common and preferred dividend payments of $32.8 million, partially offset by a follow-on investment of $14.2 million by limited partners in a consolidated single asset fund.

•Higher net