Company: DBRG
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001679688-25-000100
Chunk: 140

Company: DigitalBridge Group, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 140
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 earnings, classified as Level 3 of the fair value hierarchy. Changes in fair value of the contingent consideration is reflected as an equivalent change in the cost of the fund's corresponding investment, with no effect to earnings. 

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Changes in Level 3 Fair Value The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss).  Level 3 AssetsLevel 3 LiabilitiesFair Value Option - Equity Method InvestmentsEquity Investments of Consolidated FundsDBRG Stock WarrantsContingent Consideration—InfraBridgeContingent Consideration—Consolidated Fund(In thousands)Fair value at December 31, 2023$6,700 $416,614 $(39,200)$(11,338)$— Election of fair value option128,742 — — — — Deconsolidation of sponsored funds— (393,614)— — — Unrealized gain (loss) in earnings, net(2,315)40,154 4,200 2,238 — Reclassification to equity— — 33,000 — — Fair value at September 30, 2024$133,127 $63,154 $(2,000)$(9,100)$— Net unrealized gain (loss) in earnings on instruments held at September 30, 2024$(2,315)$40,154 $7,100 $2,238 $—  Fair value at December 31, 2024$137,154 $63,154 $(700)$(6,100)$— Contributions— 40,683 — — — Consolidation of sponsored fund— 115,539 — — (11,186)Change in consolidated fund's share of interest in portfolio company (1)— 8,779 — — (2,996)Change in fair value of contingent consideration of consolidated fund— 619 — — (619)Unrealized gain (loss) in earnings, net4,489 127 200 3,700 — Fair value at September 30, 2025$141,643 $228,901 $(500)$(2,400)$(14,801)Net unrealized gain (loss) in earnings on instruments