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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) and FULL HOUSE RESORTS INC (FLL). Click either name above to swap in a different company.

BrightSpire Capital, Inc. is the larger business by last-quarter revenue ($83.2M vs $75.4M, roughly 1.1× FULL HOUSE RESORTS INC). FULL HOUSE RESORTS INC runs the higher net margin — -16.4% vs -17.3%, a 0.9% gap on every dollar of revenue. On growth, FULL HOUSE RESORTS INC posted the faster year-over-year revenue change (3.4% vs -0.4%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $10.7M). Over the past eight quarters, FULL HOUSE RESORTS INC's revenue compounded faster (3.9% CAGR vs -6.8%).

Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Full House Resorts, Inc. is an American casino developer and operator based in Summerlin South, Nevada. The company currently operates five casinos. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who was a major investor in the company from 1995 to 2013. Dan Lee has been CEO since late 2014.

BRSP vs FLL — Head-to-Head

Bigger by revenue
BRSP
BRSP
1.1× larger
BRSP
$83.2M
$75.4M
FLL
Growing faster (revenue YoY)
FLL
FLL
+3.7% gap
FLL
3.4%
-0.4%
BRSP
Higher net margin
FLL
FLL
0.9% more per $
FLL
-16.4%
-17.3%
BRSP
More free cash flow
BRSP
BRSP
$44.4M more FCF
BRSP
$55.1M
$10.7M
FLL
Faster 2-yr revenue CAGR
FLL
FLL
Annualised
FLL
3.9%
-6.8%
BRSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRSP
BRSP
FLL
FLL
Revenue
$83.2M
$75.4M
Net Profit
$-14.4M
$-12.4M
Gross Margin
93.1%
Operating Margin
-1.3%
Net Margin
-17.3%
-16.4%
Revenue YoY
-0.4%
3.4%
Net Profit YoY
27.3%
-0.6%
EPS (diluted)
$-0.11
$-0.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BRSP
BRSP
FLL
FLL
Q4 25
$83.2M
$75.4M
Q3 25
$83.9M
$78.0M
Q2 25
$85.9M
$73.9M
Q1 25
$77.6M
$75.1M
Q4 24
$83.5M
$73.0M
Q3 24
$88.2M
$75.7M
Q2 24
$91.4M
$73.5M
Q1 24
$95.8M
$69.9M
Net Profit
BRSP
BRSP
FLL
FLL
Q4 25
$-14.4M
$-12.4M
Q3 25
$984.0K
$-7.7M
Q2 25
$-23.1M
$-10.4M
Q1 25
$5.3M
$-9.8M
Q4 24
$-19.7M
$-12.3M
Q3 24
$12.7M
$-8.5M
Q2 24
$-67.9M
$-8.6M
Q1 24
$-57.1M
$-11.3M
Gross Margin
BRSP
BRSP
FLL
FLL
Q4 25
93.1%
Q3 25
93.2%
Q2 25
93.5%
Q1 25
93.4%
Q4 24
92.1%
Q3 24
92.2%
Q2 24
92.4%
Q1 24
92.3%
Operating Margin
BRSP
BRSP
FLL
FLL
Q4 25
-1.3%
Q3 25
-1.7%
4.4%
Q2 25
-54.5%
-0.1%
Q1 25
5.1%
1.0%
Q4 24
-24.9%
-1.9%
Q3 24
13.2%
3.2%
Q2 24
-74.9%
3.2%
Q1 24
-59.4%
-0.9%
Net Margin
BRSP
BRSP
FLL
FLL
Q4 25
-17.3%
-16.4%
Q3 25
1.2%
-9.8%
Q2 25
-26.9%
-14.0%
Q1 25
6.9%
-13.0%
Q4 24
-23.7%
-16.9%
Q3 24
14.4%
-11.2%
Q2 24
-74.2%
-11.7%
Q1 24
-59.6%
-16.1%
EPS (diluted)
BRSP
BRSP
FLL
FLL
Q4 25
$-0.11
$-0.35
Q3 25
$0.00
$-0.21
Q2 25
$-0.19
$-0.29
Q1 25
$0.04
$-0.27
Q4 24
$-0.16
$-0.34
Q3 24
$0.09
$-0.24
Q2 24
$-0.53
$-0.25
Q1 24
$-0.45
$-0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRSP
BRSP
FLL
FLL
Cash + ST InvestmentsLiquidity on hand
$66.8M
$40.7M
Total DebtLower is stronger
$2.5B
$473.6M
Stockholders' EquityBook value
$938.4M
$2.5M
Total Assets
$3.6B
$649.8M
Debt / EquityLower = less leverage
2.63×
186.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRSP
BRSP
FLL
FLL
Q4 25
$66.8M
$40.7M
Q3 25
$113.4M
$30.9M
Q2 25
$154.3M
$32.1M
Q1 25
$200.9M
$30.7M
Q4 24
$302.2M
$40.2M
Q3 24
$263.8M
$25.9M
Q2 24
$203.3M
$31.1M
Q1 24
$221.5M
$25.7M
Total Debt
BRSP
BRSP
FLL
FLL
Q4 25
$2.5B
$473.6M
Q3 25
$2.2B
$473.1M
Q2 25
$2.3B
$467.5M
Q1 25
$2.3B
$471.7M
Q4 24
$2.5B
$468.1M
Q3 24
$2.6B
$467.4M
Q2 24
$2.5B
$466.6M
Q1 24
$2.6B
$465.9M
Stockholders' Equity
BRSP
BRSP
FLL
FLL
Q4 25
$938.4M
$2.5M
Q3 25
$976.4M
$14.2M
Q2 25
$994.4M
$21.2M
Q1 25
$1.0B
$31.0M
Q4 24
$1.0B
$40.5M
Q3 24
$1.1B
$51.8M
Q2 24
$1.1B
$59.5M
Q1 24
$1.2B
$67.3M
Total Assets
BRSP
BRSP
FLL
FLL
Q4 25
$3.6B
$649.8M
Q3 25
$3.3B
$644.4M
Q2 25
$3.4B
$651.5M
Q1 25
$3.6B
$657.2M
Q4 24
$3.7B
$673.3M
Q3 24
$3.8B
$668.7M
Q2 24
$3.8B
$673.9M
Q1 24
$3.9B
$670.4M
Debt / Equity
BRSP
BRSP
FLL
FLL
Q4 25
2.63×
186.62×
Q3 25
2.22×
33.30×
Q2 25
2.27×
22.04×
Q1 25
2.27×
15.22×
Q4 24
2.38×
11.56×
Q3 24
2.36×
9.02×
Q2 24
2.28×
7.85×
Q1 24
2.17×
6.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRSP
BRSP
FLL
FLL
Operating Cash FlowLast quarter
$73.0M
$12.0M
Free Cash FlowOCF − Capex
$55.1M
$10.7M
FCF MarginFCF / Revenue
66.2%
14.1%
Capex IntensityCapex / Revenue
21.6%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$102.0M
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRSP
BRSP
FLL
FLL
Q4 25
$73.0M
$12.0M
Q3 25
$29.9M
$-472.0K
Q2 25
$17.4M
$7.9M
Q1 25
$10.5M
$-9.5M
Q4 24
$103.4M
$14.8M
Q3 24
$31.3M
$-6.7M
Q2 24
$22.9M
$10.1M
Q1 24
$24.6M
$-4.4M
Free Cash Flow
BRSP
BRSP
FLL
FLL
Q4 25
$55.1M
$10.7M
Q3 25
$27.4M
$-5.5M
Q2 25
$11.6M
$4.5M
Q1 25
$8.0M
$-12.3M
Q4 24
$97.3M
$6.9M
Q3 24
$28.3M
$-17.4M
Q2 24
$22.7M
$-1.2M
Q1 24
$22.2M
$-27.0M
FCF Margin
BRSP
BRSP
FLL
FLL
Q4 25
66.2%
14.1%
Q3 25
32.7%
-7.1%
Q2 25
13.4%
6.1%
Q1 25
10.3%
-16.4%
Q4 24
116.6%
9.4%
Q3 24
32.1%
-23.0%
Q2 24
24.9%
-1.6%
Q1 24
23.2%
-38.7%
Capex Intensity
BRSP
BRSP
FLL
FLL
Q4 25
21.6%
1.8%
Q3 25
2.9%
6.5%
Q2 25
6.8%
4.5%
Q1 25
3.2%
3.8%
Q4 24
7.3%
10.9%
Q3 24
3.4%
14.1%
Q2 24
0.1%
15.4%
Q1 24
2.5%
32.4%
Cash Conversion
BRSP
BRSP
FLL
FLL
Q4 25
Q3 25
30.36×
Q2 25
Q1 25
1.97×
Q4 24
Q3 24
2.46×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BRSP
BRSP

Segment breakdown not available.

FLL
FLL

Midwest And South$58.2M77%
Food And Beverage$9.7M13%
Other Operations$3.6M5%
Other$2.3M3%
Contracted Sports Wagering$1.7M2%

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