Slide 1: Earnings Presentation 2Q 2026
1 EARNINGS PRESENTATION 2Q 2026 August 4, 2026
Slide 2: Forward-looking statements
2 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) general economic trends and trends in our industry and m
Slide 3: DBRG Reports Second Quarter 2026 Results
3 DBRG REPORTS SECOND QUARTER 2026 RESULTS Boca Raton, August 4th, 2026 - DigitalBridge Group, Inc. (NYSE: DBRG) and subsidiaries (collectively, "DigitalBridge," or the "Company") today announced financial results for the second quarter ended June 30, 2026. The Company reported second quarter 2026 G
Slide 4: Consolidated statement of operations
4 (In thousands, except per share data, unaudited) 2Q25 2Q26 Revenues Fee revenue $ 85,262 $ 87,837 Carried interest allocation (reversal) (115,074) 286,018 Principal investment income 20,437 127,838 Other income 6,168 6,986 Total revenues (3,207) 508,679 Expenses Compensation expense—cash and equit
Slide 5: DigitalBridge Financial Update
Pret DIGITALBRIDGE | FINANCIAL UPDATE
Slide 6: Second Quarter 2026 Highlights
6 SECOND QUARTER 2026 HIGHLIGHTS Financial Highlights Fee Revenue • $88.1 million in 2Q26, increased +3% year-over-year and +7% year-over-year on an ex-Catch Up Fee basis. Fee Related Earnings • $26.6 million in 2Q26, decreased -17% year-over-year and -7% year-over-year on an ex-Catch Up Fee basis.
Slide 7: Non-GAAP Financial Results
7 NON-GAAP FINANCIAL RESULTS • Fee Related Earnings of $26.6 million, with FRE margin at 30% in 2Q26 • Distributable Earnings of $17.8 million in 2Q26 ($ in millions) 2Q25 2Q26 % Change YOY 2Q25 LTM 2Q26 LTM % Change YOY Fee Revenue(1) $85.4 $88.1 +3 % $353.9 $375.0 +6 % Cash Compensation(1) (36.5)
Slide 8: Carried Interest and Principal Investment Income
8 Carried Interest ($ in millions) 2Q25 2Q26 % Change YOY 2Q25 LTM 2Q26 LTM % Change YOY Unrealized Carried Interest Allocation (Reversal)(1) ($115.1) $276.6 n/a ($234.6) $26.3 n/a Realized Carried Interest Allocation — 9.4 n/a 2.5 9.4 282% Carried Interest – Revenue (as reported on GAAP Income Stat
Slide 9: DBRG Financial Profile & FEEUM Progression
9 LTM Fee Revenue ex catch-up(2) LTM FRE ex catch-up (2) LTM Fee Revenue and FRE Profile(1) $333M $108M $344M $113M $350M $117M $357M $116M $361M $112M 2Q261Q264Q253Q252Q25 LTM Catch-up fees (2) FRE Margin ex catch-up 31% X% 32% 33% 33% 32% DBRG FINANCIAL PROFILE & FEEUM PROGRESSION ($ in Billions)
Slide 10: Key Corporate Assets and Liabilities
10 Key Corporate Assets Key Corporate Liabilities ($ in millions) 6/30/2026 GP Affiliated Investments(1) DBP Series $366 DataBank and Vantage SDC 840 Other Funds & Investments 354 (Credit, Core, InfraBridge, Liquid, Ventures) Total GP Affiliated Investments(1) $1,560 Available Corporate Cash(2) 294
Slide 11: Supplemental Financial Data
11 SUPPLEMENTAL FINANCIAL DATA
Slide 12: Summary Financial Metrics
12 SUMMARY FINANCIAL METRICS 2026 2025 2024 ($ and shares in thousands, except per share data and as noted) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 GAAP Results GAAP Fee revenue $ 87,837 $ 87,309 $ 105,746 $ 93,300 $ 85,262 $ 90,139 $ 101,551 $ 76,582 Net income (loss) attributable to common stockho
Slide 13: FEEUM, Fee Related Earnings & Distributable Earnings
13 FEEUM, FEE RELATED EARNINGS & DISTRIBUTABLE EARNINGS 6/30/26 Blended Fee Rate 2026 2025 2024 ($ in millions) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 DigitalBridge Partners I (DBP I) 1.11% $ 3,108 $ 3,168 $ 3,418 $ 3,534 $ 3,569 $ 3,587 $ 3,587 $ 3,650 DigitalBridge Partners II (DBP II) 1.18% 7,07
Slide 14: Key investment fund performance metrics
14 Certain performance metrics for our key investment funds from inception through June 30, 2026 are presented in the table below. Excluded are funds with less than one year of performance history as of June 30, 2026, funds and separately managed accounts in the liquid strategy, co-investment vehicl
Slide 15: Capitalization
15 ($ and shares in thousands, as of June 30, 2026) Securitized Notes - Class A-2 Term Notes Amount Outstanding $ 300,000 Interest Rate (Per Annum) 6.326% Anticipated Repayment Date June 25, 2031 Kroll Rating BBB Revolver - Class A-1 Variable Funding Notes Maximum Available $ 100,000 Amount Outstand
Slide 16: GP Affiliated Investments
16 ($ in thousands) 2026 2025 2024 Consolidated 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 GP Affiliated Investments DBP Series $ 472,912 $ 483,426 $ 498,893 $ 528,162 $ 533,397 $ 494,541 $ 496,004 $ 470,937 DataBank and Vantage SDC 845,606 724,706 691,406 663,843 640,000 623,070 682,047 679,335 Other
Slide 17: Condensed Consolidated Balance Sheet
17 ($ in thousands) December 31, 2025 June 30, 2026 (Unaudited) Assets Cash and cash equivalents $ 382,508 $ 508,221 Restricted cash 12,982 6,562 Investments(1) 2,266,403 2,612,683 Goodwill 465,602 465,602 Intangible assets 48,395 38,678 Other assets 138,914 41,246 Due from affiliates 104,378 90,527
Slide 18: Distributable Earnings & Fee Related Earnings
18 DISTRIBUTABLE EARNINGS & FEE RELATED EARNINGS 2026 2025 2024 ($ in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Net income (loss) attributable to common stockholders $ 212,680 $ 5,305 $ 50,396 $ 16,753 $ 16,962 $ (878) $ (19,711) $ (883) Net income (loss) attributable to noncontrolling inte
Slide 19: FRE reconciliation detail
19 2026 2025 2024 ($ in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 FRE Fee Revenue GAAP Fee Revenue $ 87,837 $ 87,309 $ 105,746 $ 93,300 $ 85,262 $ 90,139 $ 101,551 $ 76,582 Consolidated Funds(1) 221 167 175 224 109 90 90 82 $ 88,058 $ 87,476 $ 105,921 $ 93,524 $ 85,371 $ 90,229 $ 101,641 $
Slide 20: DE reconciliation detail
20 2026 2025 2024 ($ in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 DE Realized Principal Investment Income GAAP Principal Investment Income $ 127,838 $ 24,586 $ 22,050 $ 25,325 $ 20,437 $ 5,307 $ 1,241 $ 9,955 Unrealized Principal Investment (Income) Loss (121,510) (21,122) (990) (24,680) (5
Slide 21: Weighted average shares and GP affiliated investments
21 2026 2025 2024 ($ and shares in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 FRE and DE Weighted Average Basic Shares and OP Units GAAP Weighted Average Basic Shares Outstanding 181,131 179,333 178,796 178,183 173,059 171,680 171,254 171,542 Weighted Average OP Units 4,563 5,578 5,795 6,306
Slide 22: DigitalBridge Appendix
atta DIGITALBRIDGE 3 APPENDIX
Slide 23: Important Note Regarding Non-GAAP Financial Measures
23 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 sect
Slide 24: Important Note Regarding Non-GAAP Financial Measures (Continued)
24 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 an
Slide 25: Definitions
25 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 in
Slide 26: DigitalBridge
DIGITALBRIDGE