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

INCOME TAXES (Tables)

v3.25.0.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
The components of income tax expense attributable to Bridge Investment Group Holdings Inc., including subsidiaries BIGRM and BPM, for the years ended December 31, 2024, 2023, and 2022 are as follows (in thousands):
Year Ended December 31,
2024 2023 2022
Current income taxes:
Federal $ 3,103  $ 2,462  $ 6,342 
State 1,295 1,247 2,982
Deferred income taxes:
Federal (1,456) 3,190 9,385
State (1,446) (772) 3,486
Total income taxes
$ 1,496  $ 6,127  $ 22,195 
Schedule of U.S. Statutory Income Tax Rate to the Company's Effective Tax Rate A reconciliation of the U.S. statutory income tax rate to the Company’s effective tax rate is as follows:
Year Ended December 31,
2024 2023 2022
Federal tax at statutory rate
21.00  % 21.00  % 21.00  %
State and local income tax (net of federal tax benefit)
(0.95) % (0.46) % 1.73  %
Income passed to non-controlling interests
(10.05) % (20.83) % (17.44) %
Equity compensation 12.18  % —  % —  %
Change in deferred TRA tax assets
(9.20) % (4.70) % —  %
Other
(4.76) % (2.54) % 2.24  %
Effective tax rate
8.22  % (7.53) % 7.53  %
Schedule of Deferred income Tax Assets and Liabilities
The net deferred income tax assets in the consolidated balance sheets include the following amounts of deferred income tax assets and liabilities as of December 31, 2024 and 2023 (in thousands):
Year Ended December 31,
2024 2023
Deferred income tax assets:
Deferred TRA $ 73,374 $ 67,006
Unrealized loss on securities (6) 48
Loss reserve 631 469
Capital loss carryforward 618 14
Other accrual 525
Total deferred income tax assets 75,142 67,537