Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 108

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 108
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 equity-based compensation Cash compensation$38,490 $41,970 $(3,480)Equity-based compensation7,620 9,214 (1,594)$46,110 $51,184 (5,074)Incentive fee and carried interest compensation allocation (reversal)$(22,304)$(6,714)(15,590)

Cash and equity-based compensation—Cash compensation was $3.5 million lower in 2025 as a result of an acquisition-related bonus in 2024 ($2.0 million) and lower severance costs in 2025 ($1.7 million), partially offset by the effect of increased headcount. 

Equity-based compensation was $1.6 million lower in 2025 due to awards that fully vested in 2024.

Incentive fee and carried interest compensation allocation—The reversal in compensation expense for both periods is consistent with the reversal in carried interest, as discussed above. In 2024, management allocation of carried interest for DBP II is reflected mostly as compensation expense. In comparison, DBP I's management allocation in 2025 is split between compensation expense and net income attributable to noncontrolling interests.

Administrative and Other Expenses

Administrative and other expenses decreased $8.4 million to $15.9 million, driven primarily by insurance recoveries in 2025 related to litigation costs incurred in prior periods ($10.6 million) and lower placement fees ($3.0 million), partially offset by loss accrual in 2025 related to an employment arbitration ($5.3 million), as well as fund formation and offering costs in 2025 ($2.1 million).

Interest Expense

Interest expense decreased $1.3 million to $3.9 million as a result of the full exchange/redemption of the remaining 5.75% exchangeable senior notes in April 2024.

Transaction-Related Costs

Transaction-related costs increased $3.7 million to $4.4 million due to higher deal activity.

Depreciation and Amortization

Depreciation and amortization expense decreased $1.9 million due to management contract intangible assets which have a declining amortization rate over time based upon projected cash flows to be generated from these contracts. 

Other Gain (Loss), Net

Other loss was $0.5 million in 2025 and $5.9 million in 2024. 

38

The net loss in 2025 was