DigitalBridge Group, Inc. reported its financial results for the first quarter of 2026, revealing a total revenue of $72.2 million, a significant increase from $45.4 million in the same period last year. The growth was primarily driven by a notable rise in principal investment income, which surged to $24.6 million from $5.3 million in the prior year. However, fee revenue decreased slightly to $87.3 million from $90.1 million, attributed to the absence of catch-up fees from a flagship fund, despite higher recurring fees from capital raised in 2025.
The company's net income for the quarter was $2.0 million, a turnaround from a net loss of $14.9 million in the first quarter of 2025. This improvement was bolstered by a reduction in unrealized carried interest reversals, which decreased to $44.7 million from $55.5 million year-over-year. DigitalBridge's total assets as of March 31, 2026, stood at $3.3 billion, down from $3.4 billion at the end of 2025, while total liabilities decreased to $914.6 million from $969.0 million.
In terms of strategic developments, DigitalBridge is in the process of being acquired by SoftBank Group Corp. The merger agreement, which was approved by the company's common stockholders on April 23, 2026, stipulates that SoftBank will acquire all outstanding common stock and OP common units for $16.00 per share in cash. The completion of the merger is subject to various closing conditions, including regulatory approvals and consents from the company’s flagship investment funds.
Operationally, DigitalBridge reported a total of 311 employees as of March 31, 2026, reflecting a stable workforce. The company also noted a 9% increase in fee-earning equity under management (FEEUM), which reached $40.8 billion, up from $37.3 billion a year earlier. This growth was driven by inflows from new capital raised and additional capital deployment across various funds. The company continues to focus on expanding its investment management platform, which includes a diverse range of digital infrastructure assets.
Looking ahead, DigitalBridge remains optimistic about its growth trajectory, particularly in light of the proposed merger with SoftBank, which is expected to enhance its operational capabilities and market position. The company is also focused on managing its liquidity and capital resources effectively, with $250 million in available corporate cash and a full $100 million available under its Variable Funding Notes facility.
About DigitalBridge Group, Inc.
DigitalBridge Group, Inc. is a global investment manager specializing in digital infrastructure assets such as data centers, cell towers, fiber networks, and edge infrastructure. It manages capital for institutional investors, offering value-add, core equity, credit, and liquid strategies. The company leverages operational expertise, proprietary deal flow, and a disciplined investment process to deliver long-term, risk-adjusted returns in a competitive, regulated environment.
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