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

BrightSpire Capital, Inc. is the larger business by last-quarter revenue ($83.2M vs $43.2M, roughly 1.9× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs -17.3%, a 34.2% gap on every dollar of revenue.

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.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

BRSP vs RERE — Head-to-Head

Bigger by revenue
BRSP
BRSP
1.9× larger
BRSP
$83.2M
$43.2M
RERE
Higher net margin
RERE
RERE
34.2% more per $
RERE
16.9%
-17.3%
BRSP

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
BRSP
BRSP
RERE
RERE
Revenue
$83.2M
$43.2M
Net Profit
$-14.4M
$7.3M
Gross Margin
Operating Margin
Net Margin
-17.3%
16.9%
Revenue YoY
-0.4%
Net Profit YoY
27.3%
EPS (diluted)
$-0.11

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
RERE
RERE
Q4 25
$83.2M
Q3 25
$83.9M
Q2 25
$85.9M
Q1 25
$77.6M
Q4 24
$83.5M
Q3 24
$88.2M
Q2 24
$91.4M
Q1 24
$95.8M
Net Profit
BRSP
BRSP
RERE
RERE
Q4 25
$-14.4M
Q3 25
$984.0K
Q2 25
$-23.1M
Q1 25
$5.3M
Q4 24
$-19.7M
Q3 24
$12.7M
Q2 24
$-67.9M
Q1 24
$-57.1M
Operating Margin
BRSP
BRSP
RERE
RERE
Q4 25
Q3 25
-1.7%
Q2 25
-54.5%
Q1 25
5.1%
Q4 24
-24.9%
Q3 24
13.2%
Q2 24
-74.9%
Q1 24
-59.4%
Net Margin
BRSP
BRSP
RERE
RERE
Q4 25
-17.3%
Q3 25
1.2%
Q2 25
-26.9%
Q1 25
6.9%
Q4 24
-23.7%
Q3 24
14.4%
Q2 24
-74.2%
Q1 24
-59.6%
EPS (diluted)
BRSP
BRSP
RERE
RERE
Q4 25
$-0.11
Q3 25
$0.00
Q2 25
$-0.19
Q1 25
$0.04
Q4 24
$-0.16
Q3 24
$0.09
Q2 24
$-0.53
Q1 24
$-0.45

Balance Sheet & Financial Strength

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

Metric
BRSP
BRSP
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$66.8M
$228.0M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$938.4M
$557.1M
Total Assets
$3.6B
$722.9M
Debt / EquityLower = less leverage
2.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRSP
BRSP
RERE
RERE
Q4 25
$66.8M
Q3 25
$113.4M
Q2 25
$154.3M
Q1 25
$200.9M
Q4 24
$302.2M
Q3 24
$263.8M
Q2 24
$203.3M
Q1 24
$221.5M
Total Debt
BRSP
BRSP
RERE
RERE
Q4 25
$2.5B
Q3 25
$2.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.5B
Q3 24
$2.6B
Q2 24
$2.5B
Q1 24
$2.6B
Stockholders' Equity
BRSP
BRSP
RERE
RERE
Q4 25
$938.4M
Q3 25
$976.4M
Q2 25
$994.4M
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.2B
Total Assets
BRSP
BRSP
RERE
RERE
Q4 25
$3.6B
Q3 25
$3.3B
Q2 25
$3.4B
Q1 25
$3.6B
Q4 24
$3.7B
Q3 24
$3.8B
Q2 24
$3.8B
Q1 24
$3.9B
Debt / Equity
BRSP
BRSP
RERE
RERE
Q4 25
2.63×
Q3 25
2.22×
Q2 25
2.27×
Q1 25
2.27×
Q4 24
2.38×
Q3 24
2.36×
Q2 24
2.28×
Q1 24
2.17×

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
RERE
RERE
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
RERE
RERE
Q4 25
$73.0M
Q3 25
$29.9M
Q2 25
$17.4M
Q1 25
$10.5M
Q4 24
$103.4M
Q3 24
$31.3M
Q2 24
$22.9M
Q1 24
$24.6M
Free Cash Flow
BRSP
BRSP
RERE
RERE
Q4 25
$55.1M
Q3 25
$27.4M
Q2 25
$11.6M
Q1 25
$8.0M
Q4 24
$97.3M
Q3 24
$28.3M
Q2 24
$22.7M
Q1 24
$22.2M
FCF Margin
BRSP
BRSP
RERE
RERE
Q4 25
66.2%
Q3 25
32.7%
Q2 25
13.4%
Q1 25
10.3%
Q4 24
116.6%
Q3 24
32.1%
Q2 24
24.9%
Q1 24
23.2%
Capex Intensity
BRSP
BRSP
RERE
RERE
Q4 25
21.6%
Q3 25
2.9%
Q2 25
6.8%
Q1 25
3.2%
Q4 24
7.3%
Q3 24
3.4%
Q2 24
0.1%
Q1 24
2.5%
Cash Conversion
BRSP
BRSP
RERE
RERE
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.

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