Franklin BSP Realty Trust, Inc.
Real EstateNYSE:FBRT · New York Stock Exchange
+$0.10 today
Vol 0.70M · Avg 0.96M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$401.1M of revenue converted into $71.7M of net income for the selected period. Gross margin is 43.9% and net margin is 11.3%, showing how much revenue survives after costs and taxes. EPS is $0.51, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 -100.0% | $548.9M -3.6% | $569.5M +55.0% | $367.4M +65.7% | $221.6M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $0 -100.0% | $338.5M +10.8% | $305.6M +84.4% | $165.7M +172.4% | $60.8M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $0 -100.0% | $210.5M -20.3% | $263.9M +30.9% | $201.7M +25.4% | $160.8M | $8.9B | $7.6B | $6.2B |
| Gross Margin | — | 38.3% -8.0pp | 46.3% -8.5pp | 54.9% -17.7pp | 72.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 -100.0% | $0 -66.5% | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $129.9M +122.6% | $58.3M -14.6% | $68.3M +6.5% | $64.2M +35.3% | $47.4M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | -$88.0M -275.3% | $50.2M -54.0% | $109.2M +3.3% | $105.7M +138.4% | $44.3M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $9.6M +70.4% | $5.6M -33.1% | $8.4M -93.5% | $130.0M +212.4% | $41.6M | $374.2M | $1.2B | $631.8M |
| EBITDA | $94.6M -78.4% | $437.6M +168.2% | $163.2M +53.1% | $106.5M -36.2% | $167.1M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | — | 79.7% +51.1pp | 28.7% -0.4pp | 29.0% -46.4pp | 75.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $88.0M -23.8% | $115.4M -25.4% | $154.8M +195.9% | $52.3M -68.3% | $165.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | — | 21.0% -6.1pp | 27.2% +12.9pp | 14.2% -60.2pp | 74.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 -100.0% | $526.1M -4.8% | $552.5M +54.5% | $357.7M +64.9% | $216.9M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $0 -100.0% | $338.5M +10.8% | $305.6M +84.4% | $165.7M +172.4% | $60.8M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 +100.0% | -$13.0M -198.1% | -$4.4M +97.1% | -$149.1M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $88.0M -5.9% | $93.5M -34.0% | $141.8M +926.0% | $13.8M -52.8% | $29.3M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | — | 17.0% -7.9pp | 24.9% +21.1pp | 3.8% -9.5pp | 13.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $3.9M +246.8% | $1.1M +140.6% | -$2.8M -591.0% | -$399.0K -111.1% | $3.6M | $1.3B | -$1.6B | $745.2M |
| Net Income | $82.3M +19.4% | $68.9M -52.6% | $145.2M +906.3% | $14.4M -43.9% | $25.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | — | 12.5% -12.9pp | 25.5% +21.6pp | 3.9% -7.7pp | 11.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -20.7% | $1 -42.3% | $1 +473.7% | -$0 -111.1% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -22.0% | $1 -42.3% | $1 +473.7% | -$0 -111.1% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $82.0M +0.1% | $81.8M -0.6% | $82.3M +14.9% | $71.6M -17.5% | $86.8M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $86.2M +5.3% | $81.8M -0.6% | $82.3M +14.9% | $71.6M -17.5% | $86.9M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Chimera Investment Corporation
NYSE:CIM
$1.12B
MFA Financial, Inc.
NYSE:MFA
$961.72M
Saul Centers, Inc.
NYSE:BFS
$918.60M
PennyMac Mortgage Investment Trust
NYSE:PMT
$882.49M
TPG RE Finance Trust, Inc.
NYSE:TRTX
$664.08M
Ready Capital Corporation
NYSE:RC
$279.22M
TPG Mortgage Investment Trust Inc
NYSE:MITT
$248.39M
Granite Point Mortgage Trust Inc.
NYSE:GPMT
$70.44M
Sachem Capital Corp.
AMEX:SACH
$49.87M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does FBRT generate?
Franklin BSP Realty Trust, Inc. (FBRT) reported $0.00 of revenue in fiscal 2025.
Is FBRT profitable?
Franklin BSP Realty Trust, Inc. (FBRT) reported $82.27M of net income.
Explore More
Continue the stock analysis
Jump to another research area for this company.