Slide 1: Earnings Presentation 1Q 2026
EARNINGS PRESENTATION 1Q 2026 April 28, 2026 1
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements within the meaning of the federal securities laws, including statements relating to (i) our strategy, outlook and growth prospects, (ii) our operational and financial targets and (iii)
Slide 3: DBRG Reports First Quarter 2026 Results
DBRG REPORTS FIRST QUARTER 2026 RESULTS Boca Raton, April 28th, 2026 - DigitalBridge Group, Inc. (NYSE: DBRG) and subsidiaries (collectively, "DigitalBridge," or the "Company") today announced financial results for the first quarter ended March 31, 2026. The Company reported first quarter 2026 GAAP
Slide 4: GAAP Financial Results
GAAP FINANCIAL RESULTS Net income attributable to common stockholders was $5.3 million in Q1 2026, and $0.03 per share (basic and diluted) (In thousands, except per share data, unaudited) 1Q25 1Q26 Revenues Fee revenue $ 90,139 $ 87,309 Carried interest allocation (reversal) (55,464) (44,729) Princi
Slide 5: Financial Update
ata DIGITALBRIDGE FINANCIAL UPDATE
Slide 6: First Quarter 2026 Highlights
FIRST QUARTER 2026 HIGHLIGHTS Fee Revenue • $87.5 million in 1Q26, down -3% year-over-year and up +12% year-over-year on an ex-Catch Up Fee basis. Fee Related Earnings Financial • $24.0 million in 1Q26, down -31% year-over-year and up +4% year-over-year on an ex-Catch Up Fee basis. Highlights Distri
Slide 7: Non-GAAP Financial Results
NON-GAAP FINANCIAL RESULTS • Fee Related Earnings of $24.0 million in Q1 2026 • Distributable Earnings of $13.4 million in Q1 2026 ($ in millions) 1Q25 1Q26 % Change YOY 1Q25 LTM 1Q26 LTM % Change YOY Fee Revenue(1) $90.2 $87.5 (3) % $347.2 $372.3 +7 % Cash Compensation(1) (38.1) (45.5) +19 % (152.5
Slide 8: Carried Interest & Principal Investment Income
CARRIED INTEREST & PRINCIPAL INVESTMENT INCOME • Net carried interest reversal of $1.2 million in Q1 2026 • Net principal investment income of $29.0 million in Q1 2026 Carried Interest ($ in millions) 1Q25 1Q26 % Change YOY 1Q25 LTM 1Q26 LTM % Change YOY Unrealized Carried Interest Allocation (Rever
Slide 9: DBRG Financial Profile & FEEUM Progression
DBRG FINANCIAL PROFILE & FEEUM PROGRESSION LTM Fee LTM Fee LTM Fee LTM Fee Revenue Revenue LTM Fee Revenue Revenue $375M Revenue $371M $372M $354M $347M $357M LTM Fee Revenue and FRE Profile(1) $332M $333M $344M $350M ex catch-up ex catch-up ex catch-up ex catch-up ex catch-up LTM Fee Revenue ex cat
Slide 10: Balance Sheet Profile
BALANCE SHEET PROFILE Key Corporate Assets Key Corporate Liabilities Blended Avg. Cost (Per ($ in millions) 3/31/2026 ($ in millions) 3/31/2026 Annum) GP Affiliated Investments(1) Corporate Debt DBP Series $368 Securitized Notes $300 3.9 % DataBank and Vantage SDC 719 Revolver (VFN; $100M Available)
Slide 11: Supplemental Financial Data
2 SUPPLEMENTAL FINANCIAL DATA 11
Slide 12: Summary Financial Metrics
SUMMARY FINANCIAL METRICS 2026 2025 2024 ($ and shares in thousands, except per share data and as noted) 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 GAAP Results GAAP Fee revenue $ 87,309 $ 105,746 $ 93,300 $ 85,262 $ 90,139 $ 101,551 $ 76,582 $ 78,605 Net income (loss) attributable to common stockholde
Slide 13: FEEUM, Fee Related Earnings & Distributable Earnings
FEEUM, FEE RELATED EARNINGS & DISTRIBUTABLE EARNINGS 2026 2025 2024 3/31/26 Blended ($ in millions) Fee Rate 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 DigitalBridge Partners I (DBP I) 1.11% $ 3,168 $ 3,418 $ 3,534 $ 3,569 $ 3,587 $ 3,587 $ 3,650 $ 3,677 DigitalBridge Partners II (DBP II) 1.18% 7,330 7
Slide 14: Fund Performance
FUND PERFORMANCE Certain performance metrics for our key investment funds from inception through March 31, 2026 are presented in the table below. Excluded are funds with less than one year of performance history as of March 31, 2026, funds and separately managed accounts in the liquid strategy, co-i
Slide 15: Capitalization
CAPITALIZATION ($ and shares in thousands, as of March 31, 2026) Securitized Notes - Class A-2 Term Notes Amount Outstanding $ 300,000 Interest Rate (Per Annum) 3.933 % Anticipated Repayment Date September 25, 2026 Kroll Rating BBB Revolver - Class A-1 Variable Funding Notes Maximum Available $ 100,
Slide 16: GP Affiliated Investments
GP AFFILIATED INVESTMENTS ($ in thousands) 2026 2025 2024 Consolidated 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 GP Affiliated Investments DBP Series $ 483,426 $ 498,893 $ 528,162 $ 533,397 $ 494,541 $ 496,004 $ 470,937 $ 452,604 DataBank and Vantage SDC 724,706 691,406 663,843 640,000 623,070 682,047
Slide 17: Balance Sheet
BALANCE SHEET March 31, 2026 ($ in thousands) December 31, 2025 (Unaudited) Assets Cash and cash equivalents $ 382,508 $ 411,327 Restricted cash 12,982 6,063 Investments(1) 2,266,403 2,241,513 Goodwill 465,602 465,602 Intangible assets 48,395 43,396 Other assets 138,914 42,949 Due from affiliates 10
Slide 18: Distributable Earnings & Fee Related Earnings
DISTRIBUTABLE EARNINGS & FEE RELATED EARNINGS 2026 2025 2024 ($ in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 Net income (loss) attributable to common stockholders $ 5,305 $ 50,396 $ 16,753 $ 16,962 $ (878) $ (19,711) $ (883) $ 76,763 Net income (loss) attributable to noncontrolling interest
Slide 19: Reconciliations
RECONCILIATIONS 2026 2025 2024 ($ in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 FRE Fee Revenue GAAP Fee Revenue $ 87,309 $ 105,746 $ 93,300 $ 85,262 $ 90,139 $ 101,551 $ 76,582 $ 78,605 Consolidated Funds(1) 167 175 224 109 90 90 82 84 Incentive Fees(2) — — — — — — — (1) $ 87,476 $ 105,921
Slide 20: Reconciliations
RECONCILIATIONS 2026 2025 2024 ($ in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 DE Realized Principal Investment Income GAAP Principal Investment Income $ 24,586 $ 22,050 $ 25,325 $ 20,437 $ 5,307 $ 1,241 $ 9,955 $ 15,982 Unrealized Principal Investment (Income) Loss (21,122) (990) (24,680)
Slide 21: Reconciliations
RECONCILIATIONS 2026 2025 2024 ($ and shares in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 FRE and DE Weighted Average Basic Shares and OP Units GAAP Weighted Average Basic Shares Outstanding 179,333 178,796 178,183 173,059 171,680 171,254 171,542 170,358 Weighted Average OP Units 5,578 5,79
Slide 22: Appendix
DIGITALBRIDGE 3 APPENDIX 23
Slide 23: Important Note Regarding Non-GAAP Financial Measures
IMPORTANT NOTE REGARDING NON-GAAP FINANCIAL MEASURES This presentation contains the following non-GAAP financial measures attributable to the Operating Company: Fee Related Earnings (“FRE”) and Distributable Earnings (“DE”). FRE and DE are common metrics utilized in the investment management sector.
Slide 24: Important Note Regarding Non-GAAP Financial Measures (Continued)
IMPORTANT NOTE REGARDING NON-GAAP FINANCIAL MEASURES (CONTINUED) Distributable Earnings (“DE”): DE generally represents net realized earnings of the Company and is an indicative measure used by the Company to assess ongoing operating performance and in making decisions related to distributions and r
Slide 25: Definitions
DEFINITIONS Catch-up Fees Catch-up fees are management fees charged in any given period that pertain to prior periods. With respect to subsequent closing of commitments during the fundraising period, management fees based upon commitments are charged retroactively to the fee activation date at initi
Slide 26: DigitalBridge
DIGITALBRIDGE