Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT REPORTING

v3.25.0.1
SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Bridge operates as one reportable and operating segment, which is an alternative investment manager. Refer to Note 3 for disclosure of the Company’s revenue generated from investment management product offerings. Primarily all of the Company’s revenues are generated in the U.S.
The Company’s CODM is the executive chairman. The chief operating decision maker utilizes a consolidated approach to regularly review and assess financial performance and to allocate resources, and primarily uses consolidated net income with certain non-GAAP measures as secondary metrics to measure profitability. The chief operating decision maker is regularly provided with the consolidated expenses as noted on the face of the consolidated statement of operations, with certain significant expenses identified below (in thousands):
Year Ended December 31,
2024 2023 2022
Total Revenues(1)
$ 412,432  $ 390,648  $ 409,049 
Total Investment Income (Loss)(1)
6,788  (130,835) 186,624 
Less:
Employee compensation and benefits 251,323  220,869  196,629 
Performance allocations compensation, realized 27,262  7,779  4,396 
Performance allocations compensation, unrealized 4,059  (10,570) 24,870 
General and administrative expenses 43,818  54,201  41,070 
Interest expense 26,756  28,495  12,340 
Other segment items(2)
49,286  46,445  43,998 
Net income (loss) $ 16,716  $ (87,406) $ 272,370 
(1)     The reconciliation of Total Revenues and Total Investment Income (Loss) are presented on the consolidated statement of operations for the periods then ended.
(2)    The other segment items category includes: incentive fees compensation; loss and loss adjustment expenses; third party operating expenses; depreciation and amortization expense; realized and unrealized gains (losses), net; interest income; other income (expense), net; income tax provision. These amounts are separately presented on the consolidated statement of operations for the periods then ended.
The CODM is not provided segment asset information at a more disaggregated level than that included in the consolidated balance sheet.