DigitalBridge (DBRG)
Market Price (6/20/2026): $15.75 | Market Cap: $2.8 BilSector: Financials | Industry: Asset Management & Custody Banks
DigitalBridge (DBRG)
Market Price (6/20/2026): $15.75Market Cap: $2.8 BilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, FCF Yield is 5.9% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 172%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 170% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25% Megatrend and thematic driversMegatrends include Artificial Intelligence, 5G & Advanced Connectivity, and E-commerce Logistics & Data Centers. Themes include Data Centers & Infrastructure, Show more. | Trading close to highsDist 52W High is 0.0% Weak multi-year price returns2Y Excs Rtn is -15%, 3Y Excs Rtn is -61% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -30 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -31% Expensive valuation multiplesP/SPrice/Sales ratio is 29x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 156x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -82%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.8% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 34% Key risksDBRG key risks include [1] severe financial instability, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, FCF Yield is 5.9% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 172%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 170% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, 5G & Advanced Connectivity, and E-commerce Logistics & Data Centers. Themes include Data Centers & Infrastructure, Show more. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -15%, 3Y Excs Rtn is -61% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -30 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -31% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 29x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 156x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -82%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.8% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 34% |
| Key risksDBRG key risks include [1] severe financial instability, Show more. |
Qualitative Assessment
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DigitalBridge (DBRG) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. The proposed acquisition by SoftBank Group Corp. has stabilized the stock price near the expected deal valuation.
DigitalBridge stockholders approved the acquisition of DigitalBridge Group, Inc. by affiliates of SoftBank Group Corp. at a special meeting held on April 23, 2026. This transaction is anticipated to close in the second half of 2026. Such a pending acquisition typically reduces stock volatility and anchors the price around the agreed-upon acquisition terms, as much of the future upside or downside related to independent operations is capped.
2. DigitalBridge's Q1 2026 earnings met analyst expectations, yet the quality of reported margins prompted investor scrutiny.
On April 28, 2026, DigitalBridge reported Q1 2026 earnings per share (EPS) of $0.07, precisely meeting analysts' estimates. While the company demonstrated strong trailing twelve-month revenue growth of 26.8%, its net profit margin of 77.2% for the same period included a significant one-off gain of $44.7 million. This one-time benefit led to questions regarding the sustainability of the high profitability from recurring operations, thereby tempering enthusiasm for a sustained stock rally despite the earnings "meet."
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DigitalBridge (DBRG) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. The proposed acquisition by SoftBank Group Corp. has stabilized the stock price near the expected deal valuation.
DigitalBridge stockholders approved the acquisition of DigitalBridge Group, Inc. by affiliates of SoftBank Group Corp. at a special meeting held on April 23, 2026. This transaction is anticipated to close in the second half of 2026. Such a pending acquisition typically reduces stock volatility and anchors the price around the agreed-upon acquisition terms, as much of the future upside or downside related to independent operations is capped.
2. DigitalBridge's Q1 2026 earnings met analyst expectations, yet the quality of reported margins prompted investor scrutiny.
On April 28, 2026, DigitalBridge reported Q1 2026 earnings per share (EPS) of $0.07, precisely meeting analysts' estimates. While the company demonstrated strong trailing twelve-month revenue growth of 26.8%, its net profit margin of 77.2% for the same period included a significant one-off gain of $44.7 million. This one-time benefit led to questions regarding the sustainability of the high profitability from recurring operations, thereby tempering enthusiasm for a sustained stock rally despite the earnings "meet."
3. A prevailing "Hold" consensus from Wall Street analysts, coupled with modest price targets, contributed to limited upward momentum.
Throughout the specified period, Wall Street analysts largely maintained a "Hold" rating for DigitalBridge (DBRG). The average 12-month price target from these analysts ranged from approximately $16.00 to $16.32, implying a relatively small upside of 2.14% to 4.35% from recent stock prices (e.g., $15.67). This consistent analyst sentiment signaled a lack of strong catalysts for significant near-term price appreciation, contributing to the stock remaining within a tight trading range.
4. A mixed macroeconomic environment, characterized by sticky inflation and elevated interest rates, created a cautious backdrop for the broader market.
While the U.S. economy began 2026 with steady growth supporting digital infrastructure, inflationary pressures persisted due to factors like infrastructure spending and increasing energy demand from AI and electrification, keeping inflation above the Federal Reserve's 2% target. Concurrently, Treasury yields trended higher in Q1 2026 due to inflation risks and geopolitical conflicts, which raised overall market volatility. This combination of a generally favorable digital infrastructure outlook clashing with broader economic uncertainties fostered a cautious investment climate, preventing significant upward movements for DigitalBridge's stock.
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Stock Movement Drivers
Fundamental Drivers
The 2.1% change in DBRG stock from 2/28/2026 to 6/19/2026 was primarily driven by a 38.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.44 | 15.77 | 2.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 71 | 99 | 38.1% |
| Net Income Margin (%) | 198.7% | 150.2% | -24.4% |
| P/E Multiple | 19.5 | 19.1 | -1.9% |
| Shares Outstanding (Mil) | 179 | 179 | -0.3% |
| Cumulative Contribution | 2.1% |
Market Drivers
2/28/2026 to 6/19/2026| Return | Correlation | |
|---|---|---|
| DBRG | 2.1% | |
| Market (SPY) | 9.2% | 44.2% |
| Sector (XLF) | 4.7% | 37.3% |
Fundamental Drivers
The 62.6% change in DBRG stock from 11/30/2025 to 6/19/2026 was primarily driven by a 80.2% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.70 | 15.77 | 62.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 86 | 99 | 14.5% |
| Net Income Margin (%) | 83.4% | 150.2% | 80.2% |
| P/E Multiple | 24.1 | 19.1 | -20.7% |
| Shares Outstanding (Mil) | 178 | 179 | -0.6% |
| Cumulative Contribution | 62.6% |
Market Drivers
11/30/2025 to 6/19/2026| Return | Correlation | |
|---|---|---|
| DBRG | 62.6% | |
| Market (SPY) | 9.9% | 3.3% |
| Sector (XLF) | 1.3% | 1.0% |
Fundamental Drivers
The 43.0% change in DBRG stock from 5/31/2025 to 6/19/2026 was primarily driven by a 625.9% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.03 | 15.77 | 43.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 551 | 99 | -82.1% |
| Net Income Margin (%) | 20.7% | 150.2% | 625.9% |
| P/E Multiple | 16.6 | 19.1 | 15.0% |
| Shares Outstanding (Mil) | 172 | 179 | -4.3% |
| Cumulative Contribution | 43.0% |
Market Drivers
5/31/2025 to 6/19/2026| Return | Correlation | |
|---|---|---|
| DBRG | 43.0% | |
| Market (SPY) | 28.1% | 18.7% |
| Sector (XLF) | 6.7% | 17.0% |
Fundamental Drivers
The 27.7% change in DBRG stock from 5/31/2023 to 6/19/2026 was primarily driven by a 479.1% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.35 | 15.77 | 27.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 395 | 99 | -75.0% |
| P/S Multiple | 5.0 | 28.7 | 479.1% |
| Shares Outstanding (Mil) | 158 | 179 | -11.6% |
| Cumulative Contribution | 27.7% |
Market Drivers
5/31/2023 to 6/19/2026| Return | Correlation | |
|---|---|---|
| DBRG | 27.7% | |
| Market (SPY) | 85.7% | 41.4% |
| Sector (XLF) | 77.0% | 37.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DBRG Return | 73% | -67% | 61% | -36% | 36% | 2% | -17% |
| Peers Return | 32% | -30% | 10% | 2% | -6% | 14% | 12% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| DBRG Win Rate | 67% | 25% | 75% | 50% | 58% | 83% | |
| Peers Win Rate | 70% | 37% | 58% | 53% | 45% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DBRG Max Drawdown | -31% | -69% | -33% | -48% | -44% | -1% | |
| Peers Max Drawdown | -18% | -40% | -31% | -22% | -24% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMT, EQIX, CCI, DLR, SBAC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)
How Low Can It Go
| Event | DBRG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.7% | -18.8% |
| % Gain to Breakeven | 57.9% | 23.1% |
| Time to Breakeven | 37 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.2% | -7.8% |
| % Gain to Breakeven | 11.4% | 8.5% |
| Time to Breakeven | 27 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.5% | -6.7% |
| % Gain to Breakeven | 37.9% | 7.1% |
| Time to Breakeven | 76 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -71.1% | -33.7% |
| % Gain to Breakeven | 246.1% | 50.9% |
| Time to Breakeven | 255 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.2% | -19.2% |
| % Gain to Breakeven | 30.2% | 23.8% |
| Time to Breakeven | 38 days | 105 days |
In The Past
DigitalBridge's stock fell -36.7% during the 2025 US Tariff Shock. Such a loss loss requires a 57.9% gain to breakeven.
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Asset Allocation
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| Event | DBRG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.7% | -18.8% |
| % Gain to Breakeven | 57.9% | 23.1% |
| Time to Breakeven | 37 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.5% | -6.7% |
| % Gain to Breakeven | 37.9% | 7.1% |
| Time to Breakeven | 76 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -71.1% | -33.7% |
| % Gain to Breakeven | 246.1% | 50.9% |
| Time to Breakeven | 255 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.2% | -19.2% |
| % Gain to Breakeven | 30.2% | 23.8% |
| Time to Breakeven | 38 days | 105 days |
In The Past
DigitalBridge's stock fell -36.7% during the 2025 US Tariff Shock. Such a loss loss requires a 57.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About DigitalBridge (DBRG)
DigitalBridge Group, Inc. (DBRG) is a prominent global digital infrastructure Real Estate Investment Trust (REIT) and private equity firm. The company's core business involves investing in, owning, and operating businesses that form the critical infrastructure of the digital ecosystem. Leveraging over 25 years of specialized experience, DigitalBridge actively manages a substantial $35 billion portfolio of diverse digital infrastructure assets for its limited partners and shareholders.
The company's primary "products" are the capital, operational expertise, and strategic management it provides to develop and enhance businesses within the digital infrastructure sector. Its extensive portfolio comprises essential physical assets such as cell towers, data centers, fiber optic networks, small cells, and edge infrastructure. These assets are fundamental enablers of modern digital communication, data storage, and processing, supporting global internet connectivity, mobile services, and cloud computing.
As both a REIT and a private equity firm, DigitalBridge primarily serves its limited partners and public shareholders by identifying, acquiring, and optimizing high-value digital infrastructure assets across the globe. The company operates within the vast and expanding global digital infrastructure market, positioning itself as a key player in financing and developing the foundational physical structures that underpin the modern digital economy.
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Here are a few brief analogies to describe DigitalBridge (DBRG):
The Blackstone for digital infrastructure.
A combined American Tower and Equinix, but for all digital infrastructure types like cell towers, data centers, and fiber.
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- Digital Infrastructure Asset Management: DigitalBridge provides capital and expertise to acquire, develop, and manage a diversified portfolio of digital infrastructure assets for investors.
- Cell Tower Infrastructure: Through its investments, DigitalBridge offers access to essential infrastructure for wireless communication networks.
- Data Center Infrastructure: DigitalBridge's portfolio includes facilities for secure data storage, processing, and connectivity.
- Fiber Optic Networks: The company's investments encompass high-speed fiber optic cabling for internet and data transmission.
- Small Cell Infrastructure: DigitalBridge's portfolio provides localized wireless network infrastructure to enhance mobile connectivity.
- Edge Infrastructure: Through its holdings, DigitalBridge offers distributed computing and networking resources closer to end-users.
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DigitalBridge (DBRG), as a digital infrastructure REIT and private equity firm, primarily sells its infrastructure capacity and services to other businesses. While DigitalBridge also serves institutional investors (Limited Partners) for its private equity funds, its core business as described in the background involves investing in and operating digital infrastructure assets like towers, data centers, fiber, small cells, and edge infrastructure. The major customers for these underlying assets are large telecommunications companies, cloud service providers, and enterprises.
Examples of major customers for the digital infrastructure assets managed or invested in by DigitalBridge include:
- AT&T Inc. (Symbol: T)
- Verizon Communications Inc. (Symbol: VZ)
- Amazon.com, Inc. (Symbol: AMZN), primarily through its Amazon Web Services (AWS) division
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Marc C. Ganzi, Chief Executive Officer
Marc C. Ganzi has been an investor and operator in the digital infrastructure sector for over 30 years and currently serves as Chief Executive Officer of DigitalBridge. He founded Digital Bridge Holdings in 2013, which he built into a leading global manager of digital infrastructure assets before its merger in July 2019 into the current public company, DigitalBridge Group, Inc. Mr. Ganzi also founded Global Tower Partners ("GTP") in 2003, which grew to become one of the largest privately-owned tower companies in the U.S. before being acquired by American Tower Corporation in 2013 for $4.8 billion. Prior to GTP, he co-founded Apex Site Management, which merged with SpectraSite Communications in 2000.
Thomas Mayrhofer, Chief Financial Officer
Thomas Mayrhofer is the Chief Financial Officer at DigitalBridge, a role he officially assumed by the second quarter of 2024. He brings over two decades of financial and operational experience across the asset management industry. Prior to joining DigitalBridge, Mr. Mayrhofer served as CFO and, subsequently, Chief Operating Officer at alternative asset manager EJF Capital. Before EJF Capital, he spent nearly 18 years at The Carlyle Group in various financial roles, concluding his tenure as Partner and CFO of the firm's Private Equity business, where he had oversight of approximately $100 billion of assets under management.
Ben Jenkins, President and Chief Investment Officer
Ben Jenkins is President and Chief Investment Officer at DigitalBridge. He is also a Co-Founder of Digital Bridge Holdings, which he co-founded with Marc Ganzi in 2013. Mr. Jenkins was previously a Senior Managing Director and head of the Hong Kong office for The Blackstone Group, where he led over a dozen private equity investments, including Global Tower Partners.
Liam Stewart, Chief Operating Officer
Liam Stewart is the Chief Operating Officer at DigitalBridge. Prior to DigitalBridge, Mr. Stewart served as the Chief Financial Officer of Macquarie Infrastructure Corporation. He has approximately 15 years of experience in acquiring, operating, and financing infrastructure assets. Before joining Macquarie, he was a Senior Vice President and Management Partner at Global Tower Partners, where he was responsible for capital markets initiatives.
Geoffrey Goldschein, Chief Legal Officer and Company Secretary
Geoffrey Goldschein serves as Chief Legal Officer and Company Secretary at DigitalBridge. He is responsible for managing legal affairs and providing legal support to the company's operations. Mr. Goldschein has 20 years of experience advising on fund formations, U.S. securities laws, and portfolio company transactions. Before joining DigitalBridge, he spent ten years as legal counsel at Macquarie Infrastructure and Real Assets (MIRA) for various listed and unlisted infrastructure funds.
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The key risks to DigitalBridge's business include:
- Dependence on Capital Raising, Fund Performance, and Intense Competition: DigitalBridge's business model as a global digital infrastructure REIT and private equity firm relies heavily on its ability to attract and retain investors and raise capital for its funds. The company operates in an intensely competitive investment management landscape, where the performance of its funds is crucial. Poor fund performance could lead to a decline in revenue and necessitate the repayment of previously paid performance fees, adversely affecting its financial condition and ability to raise capital for future funds. Market saturation in the digital infrastructure sector could also make it challenging to identify attractive investment opportunities and slow the pace of capital deployment and fee generation.
- Exposure to Interest Rate Fluctuations and Leverage: DigitalBridge utilizes leverage to finance its various businesses. Increases in interest rates could negatively impact the value of its investments and cause interest expenses to rise, potentially reducing earnings or leading to losses. Changes in debt financing markets or higher interest rates could also hinder the ability of its funds and portfolio companies to access capital markets on attractive terms, affecting investment and realization opportunities. While the corporate leverage is managed, there is significant leverage used at the asset level for digital infrastructure investments.
- Revenue and Earnings Volatility: DigitalBridge's revenues, earnings, and cash flow can be highly variable, making it challenging for the company to achieve steady earnings growth on a quarterly basis. This variability, coupled with intense competition, can lead to volatility in the company's share price. Furthermore, the accounting recognition for large-scale, long-duration infrastructure investments can lead to a disconnect between GAAP revenue and Fee-Related Earnings, creating operational and financial volatility.
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The rapid global expansion and technological advancements in Low Earth Orbit (LEO) satellite internet constellations, such as Starlink and Project Kuiper, present an emerging threat. These satellite networks offer an alternative for high-speed internet connectivity, particularly in underserved or rural areas. This could potentially reduce the demand growth or total addressable market for new ground-based fiber infrastructure, traditional cell towers, and small cell deployments in certain geographies, impacting the investment case or tenant acquisition rates for specific segments of DigitalBridge's extensive portfolio focusing on ground-based access infrastructure.
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DigitalBridge Group, Inc. operates in several significant digital infrastructure markets. The addressable market sizes for their main products and services are as follows:
- Data Centers: The global data center market was valued at approximately USD 269.79 billion in 2025 and is projected to grow to USD 699.13 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 11.10% during the forecast period. North America is a dominant region, accounting for 38.50% of the global data center market share in 2025. The North American data center market alone was valued at USD 166.24 billion in 2025 and is anticipated to reach USD 452.69 billion by 2035, growing at a CAGR of 10.48%.
- Fiber Infrastructure: The global fiber optic cable market size was valued at USD 12.82 billion in 2025 and is estimated to grow to USD 22.74 billion by 2031, at a CAGR of 9.84% during the forecast period. North America holds the largest share in the global fiber optic cable industry.
- Small Cells (part of broader tower infrastructure): The global small cell 5G network market size was valued at USD 7.54 billion in 2025 and is projected to grow from USD 10.73 billion in 2026 to USD 140.27 billion by 2034, exhibiting a CAGR of 37.90%. Asia Pacific dominated this market in 2025, holding a 37.70% share, while the North America small cell network market held approximately 45% share in 2024.
- Edge Infrastructure: The global edge infrastructure market was valued at US$ 69.14 billion in 2025 and is anticipated to reach US$ 150.20 billion by 2032, at a CAGR of 11.9% from 2026 to 2032. The global edge computing market, which encompasses edge infrastructure, was estimated at USD 23.65 billion in 2024 and is expected to reach USD 327.79 billion in 2033, growing at a CAGR of 33.0%. North America dominated the global edge computing market with the largest revenue share of over 38% in 2024.
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DigitalBridge Group, Inc. (DBRG) is expected to drive future revenue growth over the next 2-3 years through several key strategies focused on its digital infrastructure asset management platform.
Here are 3-5 expected drivers of future revenue growth for DigitalBridge:
- Growth in Fee-Earning Equity Under Management (FEEUM) through successful fundraising: As an asset-light investment manager, DigitalBridge's primary revenue driver is fee-based, directly linked to the amount of capital it manages. The company has explicitly emphasized successful fundraising initiatives, such as the launch of its flagship fund, DigitalBridge Partners III, which contributes significantly to the expansion of its FEEUM.
- Increased Capital Deployment into High-Demand Digital Infrastructure Assets: DigitalBridge is focused on deploying capital into high-growth digital infrastructure segments including data centers, cell towers, fiber networks, small cells, and edge infrastructure. This strategic investment in core digital assets directly generates management fees and carried interest, driving revenue growth.
- Expansion and Optimization within Key Digital Infrastructure Verticals, particularly Data Centers driven by AI: A significant driver is the growing demand for digital infrastructure, especially data centers, fueled by artificial intelligence (AI). DigitalBridge is actively positioning itself to meet this "AI-led demand," with its data center portfolio showing robust growth in recurring monthly revenue (MRR).
- Launch of New Investment Platforms and Strategic Partnerships: DigitalBridge plans to launch new investment platforms and focus on investments within its current portfolio companies. Additionally, strategic partnerships, such as the one with KT Corporation for AI data centers in Korea, are expected to expand its market reach and asset base, thereby contributing to future fee generation.
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Share Repurchases
- DigitalBridge authorized a $200 million share repurchase program on July 5, 2022, which includes the repurchase of both common and preferred shares.
Share Issuance
- In July 2022, DigitalBridge announced its intention to effectuate a reverse stock split in the third quarter of 2022, exchanging one Class A common equity share for every four existing shares.
- On April 22, 2024, the company issued 8.2 million additional Class A common shares to exchanging noteholders as part of the exchanges and redemption of the remaining $78 million balance of its 5.75% Exchangeable Senior Notes due 2025.
Inbound Investments
- On December 29, 2025, SoftBank Group Corp. announced a definitive agreement to acquire DigitalBridge Group, Inc. for approximately $4.0 billion in cash, valuing each common share at $16.00.
- DigitalBridge closed its third value-added digital infrastructure fund, DigitalBridge Partners III (DBP III), on November 18, 2025, securing over $7.2 billion in fund commitments and an additional $4.5 billion in limited-partner co-investment commitments, totaling $11.7 billion for the strategy.
- In the first quarter of 2025, DigitalBridge raised $1.2 billion in new fee-earning commitments, primarily for its flagship fund, bringing total commitments for that fund to $6.3 billion.
Outbound Investments
- DigitalBridge completed the $11 billion take-private acquisition of Switch, a major data center operator, in 2022.
- The company expanded into Asia-Pacific markets through Vantage's APAC platform with a $1.6 billion equity investment to add 1 GW of capacity across five markets, driven by AI-fueled demand, announced on October 30, 2025.
- In Q1 2025, DigitalBridge portfolio company Zayo announced a $4.5 billion acquisition of Crown Castle's fiber business, significantly enhancing Zayo's fiber footprint.
Capital Expenditures
- DigitalBridge plans a $43 billion capital expenditure deployment, as reported on August 7, 2025.
- The primary focus of capital expenditures is on scaling capacity and refining operations to capture demand from AI, 5G, and cloud, specifically targeting high-density, AI-ready racks (70–100kW+ per rack), liquid-cooling capable builds, edge interconnection, and fiber backbones.
- By October 30, 2025, DigitalBridge had secured 20.9 GW of power across its data center portfolio, with record leasing of over 2.6 GW in Q3 2025, positioning it as a key player in AI infrastructure buildout.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 181.46 |
| Mkt Cap | 50.3 |
| Rev LTM | 5,277 |
| Op Inc LTM | 1,800 |
| FCF LTM | 1,782 |
| FCF 3Y Avg | 1,653 |
| CFO LTM | 2,735 |
| CFO 3Y Avg | 2,587 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.3% |
| Rev Chg 3Y Avg | 2.8% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | 1.5% |
| Op Inc Chg 3Y Avg | 13.7% |
| Op Mgn LTM | 33.7% |
| Op Mgn 3Y Avg | 31.5% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 47.6% |
| CFO/Rev 3Y Avg | 50.3% |
| FCF/Rev LTM | 37.9% |
| FCF/Rev 3Y Avg | 39.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single segment | 94 | 607 | 821 | ||
| Corporate and Other | 78 | 11 | |||
| Investment Management | 182 | 192 | |||
| Operating | 885 | 763 | |||
| Total | 94 | 607 | 821 | 1,145 | 966 |
| $ Mil | 2025 | 2024 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Single segment | 87 | 31 | |||
| Corporate and Other | -228 | -88 | |||
| Income (Loss) from discontinued operations attributable to DigitalBridge Group, Inc. | -110 | -237 | -1,049 | ||
| Investment Management | 70 | 52 | 9 | ||
| Operating | -53 | -37 | -20 | ||
| Amounts Not Allocated to Segments | -219 | ||||
| Digital Other | 23 | ||||
| Other | -917 | ||||
| Wellness Infrastructure | -504 | ||||
| Total | 87 | 31 | -322 | -310 | -2,676 |
| $ Mil | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Operating | 8,149 | 7,608 | 6,927 | 1,685 | |
| Corporate and Other | 1,728 | ||||
| Investment Management | 875 | 655 | 491 | 429 | |
| Assets held for disposition related to discontinued operations | 276 | 3,677 | 11,237 | 5,261 | |
| Other | 2,258 | 602 | 6,403 | ||
| Amounts Not Allocated to Segments | 461 | 1,121 | 259 | ||
| Digital Other | 482 | 47 | |||
| Wellness Infrastructure | 4,886 | 5,396 | |||
| Colony Credit Real Estate | 1,038 | ||||
| Hospitality | 3,981 | ||||
| Industrial | 3,186 | ||||
| Investment Managements | 1,984 | ||||
| Other Equity and Debt | 6,372 | ||||
| Total | 11,029 | 14,198 | 20,201 | 19,832 | 22,215 |
Price Behavior
| Market Price | $15.77 | |
| Market Cap ($ Bil) | 2.8 | |
| First Trading Date | 10/07/2014 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $15.64 | $14.01 |
| DMA Trend | up | up |
| Distance from DMA | 0.8% | 12.6% |
| 3M | 1YR | |
| Volatility | 2.7% | 57.5% |
| Downside Capture | 0.80 | 84.36 |
| Upside Capture | 9.62 | 113.75 |
| Correlation (SPY) | 45.8% | 18.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.09 | 0.13 | 0.08 | 0.18 | 0.96 | 1.49 |
| Up Beta | 0.29 | 0.23 | 0.18 | -1.14 | 0.18 | 1.40 |
| Down Beta | -0.01 | -0.05 | 0.07 | 0.50 | 1.38 | 1.84 |
| Up Capture | 7% | 8% | 6% | 107% | 117% | 192% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 18 | 26 | 54 | 104 | 352 |
| Down Capture | 2% | 7% | 3% | -9% | 101% | 109% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 7 | 15 | 26 | 51 | 125 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DBRG | |
|---|---|---|---|---|
| DBRG | 57.5% | 57.3% | 0.96 | - |
| Sector ETF (XLF) | 8.3% | 14.6% | 0.33 | 16.5% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | 18.4% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | -1.1% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | 1.2% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | 13.3% |
| Bitcoin (BTCUSD) | -40.0% | 42.5% | -1.08 | 7.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DBRG | |
|---|---|---|---|---|
| DBRG | -12.9% | 52.5% | -0.08 | - |
| Sector ETF (XLF) | 9.3% | 18.6% | 0.37 | 43.8% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 50.2% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 7.1% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 10.9% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 52.5% |
| Bitcoin (BTCUSD) | 11.0% | 54.2% | 0.40 | 17.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DBRG | |
|---|---|---|---|---|
| DBRG | -2.8% | 58.0% | 0.17 | - |
| Sector ETF (XLF) | 13.0% | 22.2% | 0.54 | 53.0% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 52.0% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | 8.2% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 18.0% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 58.1% |
| Bitcoin (BTCUSD) | 60.0% | 66.8% | 1.00 | 18.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | -0.1% | 0.2% | 0.8% |
| 2/25/2026 | 0.4% | 0.5% | 0.2% |
| 10/30/2025 | -2.3% | -8.1% | -24.9% |
| 8/7/2025 | -1.3% | 10.4% | 7.8% |
| 5/1/2025 | 4.0% | 3.9% | 31.7% |
| 2/20/2025 | 13.9% | 4.6% | -11.8% |
| 11/1/2024 | -14.5% | -19.9% | -15.4% |
| 8/7/2024 | 6.3% | -0.2% | -6.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 15 |
| # Negative | 14 | 12 | 9 |
| Median Positive | 4.4% | 6.1% | 7.8% |
| Median Negative | -5.8% | -8.9% | -16.7% |
| Max Positive | 13.9% | 30.8% | 38.4% |
| Max Negative | -14.5% | -21.8% | -24.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | -0.1% | 0.2% | 0.8% |
| 2/25/2026 | 0.4% | 0.5% | 0.2% |
| 10/30/2025 | -2.3% | -8.1% | -24.9% |
| 8/7/2025 | -1.3% | 10.4% | 7.8% |
| 5/1/2025 | 4.0% | 3.9% | 31.7% |
| 2/20/2025 | 13.9% | 4.6% | -11.8% |
| 11/1/2024 | -14.5% | -19.9% | -15.4% |
| 8/7/2024 | 6.3% | -0.2% | -6.0% |
| 4/30/2024 | -14.2% | -10.0% | -16.7% |
| 2/20/2024 | -8.1% | -10.3% | -7.9% |
| 11/1/2023 | -7.9% | -1.3% | 8.9% |
| 8/4/2023 | 1.2% | 6.8% | 9.0% |
| 5/3/2023 | -8.0% | -6.2% | 7.8% |
| 2/24/2023 | -11.2% | -9.7% | -21.2% |
| 11/4/2022 | -4.6% | 8.3% | 7.1% |
| 8/4/2022 | -0.5% | -0.9% | -18.9% |
| 5/5/2022 | -7.1% | -21.8% | -19.9% |
| 2/24/2022 | 4.8% | 10.4% | 3.1% |
| 11/4/2021 | 6.8% | 10.5% | 13.6% |
| 8/5/2021 | 2.3% | 5.4% | 0.9% |
| 5/6/2021 | -2.0% | -10.8% | 4.3% |
| 2/25/2021 | -4.3% | -3.4% | 4.3% |
| 11/6/2020 | 0.3% | 3.5% | 26.5% |
| 8/7/2020 | 10.1% | 30.8% | 38.4% |
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 15 |
| # Negative | 14 | 12 | 9 |
| Median Positive | 4.4% | 6.1% | 7.8% |
| Median Negative | -5.8% | -8.9% | -16.7% |
| Max Positive | 13.9% | 30.8% | 38.4% |
| Max Negative | -14.5% | -21.8% | -24.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
| 06/30/2019 | 08/09/2019 | 10-Q |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Asset Management & Custody Banks Resources |
| Pensions & Investments |
| Institutional Investor |
| Ignites |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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