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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) and Ribbon Communications Inc. (RBBN). Click either name above to swap in a different company.

Ribbon Communications Inc. is the larger business by last-quarter revenue ($162.6M vs $83.2M, roughly 2.0× BrightSpire Capital, Inc.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs -17.3%, a 72.0% gap on every dollar of revenue. On growth, BrightSpire Capital, Inc. posted the faster year-over-year revenue change (-0.4% vs -10.3%). Over the past eight quarters, BrightSpire Capital, Inc.'s revenue compounded faster (-6.8% CAGR vs -8.1%).

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.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

BRSP vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
2.0× larger
RBBN
$162.6M
$83.2M
BRSP
Growing faster (revenue YoY)
BRSP
BRSP
+9.9% gap
BRSP
-0.4%
-10.3%
RBBN
Higher net margin
RBBN
RBBN
72.0% more per $
RBBN
54.8%
-17.3%
BRSP
Faster 2-yr revenue CAGR
BRSP
BRSP
Annualised
BRSP
-6.8%
-8.1%
RBBN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BRSP
BRSP
RBBN
RBBN
Revenue
$83.2M
$162.6M
Net Profit
$-14.4M
$89.1M
Gross Margin
42.9%
Operating Margin
Net Margin
-17.3%
54.8%
Revenue YoY
-0.4%
-10.3%
Net Profit YoY
27.3%
EPS (diluted)
$-0.11
$0.50

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
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$83.2M
$227.3M
Q3 25
$83.9M
$215.4M
Q2 25
$85.9M
$220.6M
Q1 25
$77.6M
$181.3M
Q4 24
$83.5M
$251.4M
Q3 24
$88.2M
$210.2M
Q2 24
$91.4M
$192.6M
Net Profit
BRSP
BRSP
RBBN
RBBN
Q1 26
$89.1M
Q4 25
$-14.4M
Q3 25
$984.0K
$-12.1M
Q2 25
$-23.1M
$-11.1M
Q1 25
$5.3M
$-26.2M
Q4 24
$-19.7M
Q3 24
$12.7M
$-13.4M
Q2 24
$-67.9M
$-16.8M
Gross Margin
BRSP
BRSP
RBBN
RBBN
Q1 26
42.9%
Q4 25
53.3%
Q3 25
50.1%
Q2 25
49.6%
Q1 25
45.4%
Q4 24
55.7%
Q3 24
52.1%
Q2 24
50.8%
Operating Margin
BRSP
BRSP
RBBN
RBBN
Q1 26
Q4 25
4.1%
Q3 25
-1.7%
1.3%
Q2 25
-54.5%
1.9%
Q1 25
5.1%
-10.8%
Q4 24
-24.9%
13.2%
Q3 24
13.2%
-0.4%
Q2 24
-74.9%
-1.0%
Net Margin
BRSP
BRSP
RBBN
RBBN
Q1 26
54.8%
Q4 25
-17.3%
Q3 25
1.2%
-5.6%
Q2 25
-26.9%
-5.0%
Q1 25
6.9%
-14.5%
Q4 24
-23.7%
Q3 24
14.4%
-6.4%
Q2 24
-74.2%
-8.7%
EPS (diluted)
BRSP
BRSP
RBBN
RBBN
Q1 26
$0.50
Q4 25
$-0.11
$0.50
Q3 25
$0.00
$-0.07
Q2 25
$-0.19
$-0.06
Q1 25
$0.04
$-0.15
Q4 24
$-0.16
$0.05
Q3 24
$0.09
$-0.08
Q2 24
$-0.53
$-0.10

Balance Sheet & Financial Strength

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

Metric
BRSP
BRSP
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$66.8M
$67.6M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$938.4M
$419.1M
Total Assets
$3.6B
Debt / EquityLower = less leverage
2.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRSP
BRSP
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$66.8M
$96.4M
Q3 25
$113.4M
$74.8M
Q2 25
$154.3M
$60.5M
Q1 25
$200.9M
$71.2M
Q4 24
$302.2M
$87.8M
Q3 24
$263.8M
$37.2M
Q2 24
$203.3M
$64.6M
Total Debt
BRSP
BRSP
RBBN
RBBN
Q1 26
Q4 25
$2.5B
$342.1M
Q3 25
$2.2B
$344.3M
Q2 25
$2.3B
$346.5M
Q1 25
$2.3B
$347.4M
Q4 24
$2.5B
$348.3M
Q3 24
$2.6B
$349.1M
Q2 24
$2.5B
$350.0M
Stockholders' Equity
BRSP
BRSP
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$938.4M
$449.0M
Q3 25
$976.4M
$360.1M
Q2 25
$994.4M
$370.4M
Q1 25
$1.0B
$381.8M
Q4 24
$1.0B
$404.6M
Q3 24
$1.1B
$395.5M
Q2 24
$1.1B
$405.0M
Total Assets
BRSP
BRSP
RBBN
RBBN
Q1 26
Q4 25
$3.6B
$1.2B
Q3 25
$3.3B
$1.1B
Q2 25
$3.4B
$1.1B
Q1 25
$3.6B
$1.1B
Q4 24
$3.7B
$1.2B
Q3 24
$3.8B
$1.1B
Q2 24
$3.8B
$1.1B
Debt / Equity
BRSP
BRSP
RBBN
RBBN
Q1 26
Q4 25
2.63×
0.76×
Q3 25
2.22×
0.96×
Q2 25
2.27×
0.94×
Q1 25
2.27×
0.91×
Q4 24
2.38×
0.86×
Q3 24
2.36×
0.88×
Q2 24
2.28×
0.86×

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
RBBN
RBBN
Operating Cash FlowLast quarter
$73.0M
Free Cash FlowOCF − Capex
$55.1M
FCF MarginFCF / Revenue
66.2%
Capex IntensityCapex / Revenue
21.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$102.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRSP
BRSP
RBBN
RBBN
Q1 26
Q4 25
$73.0M
$29.2M
Q3 25
$29.9M
$26.5M
Q2 25
$17.4M
$-795.0K
Q1 25
$10.5M
$-3.5M
Q4 24
$103.4M
$61.8M
Q3 24
$31.3M
$-14.8M
Q2 24
$22.9M
$-9.8M
Free Cash Flow
BRSP
BRSP
RBBN
RBBN
Q1 26
Q4 25
$55.1M
$27.3M
Q3 25
$27.4M
$21.0M
Q2 25
$11.6M
$-6.5M
Q1 25
$8.0M
$-15.7M
Q4 24
$97.3M
$53.8M
Q3 24
$28.3M
$-23.7M
Q2 24
$22.7M
$-12.9M
FCF Margin
BRSP
BRSP
RBBN
RBBN
Q1 26
Q4 25
66.2%
12.0%
Q3 25
32.7%
9.7%
Q2 25
13.4%
-2.9%
Q1 25
10.3%
-8.7%
Q4 24
116.6%
21.4%
Q3 24
32.1%
-11.3%
Q2 24
24.9%
-6.7%
Capex Intensity
BRSP
BRSP
RBBN
RBBN
Q1 26
Q4 25
21.6%
0.9%
Q3 25
2.9%
2.6%
Q2 25
6.8%
2.6%
Q1 25
3.2%
6.7%
Q4 24
7.3%
3.2%
Q3 24
3.4%
4.2%
Q2 24
0.1%
1.6%
Cash Conversion
BRSP
BRSP
RBBN
RBBN
Q1 26
Q4 25
Q3 25
30.36×
Q2 25
Q1 25
1.97×
Q4 24
Q3 24
2.46×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRSP
BRSP

Segment breakdown not available.

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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