Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 96,296 $ 102,790
Performance allocations:    
Realized 4,712 12,969
Unrealized (12,410) (61,670)
Total investment loss (7,698) (48,701)
Expenses:    
Employee compensation and benefits 64,860 62,840
Performance allocations compensation:    
Realized 2,827 7,407
Unrealized 1,090 3,178
Loss and loss adjustment expenses 11,345 2,682
Third-party operating expenses 2,674 4,037
General and administrative expenses 28,113 11,349
Depreciation and amortization 4,800 5,437
Total expenses 115,709 96,930
Other (expense) income:    
Realized and unrealized (losses) gains, net (7,478) (4,230)
Interest income 3,853 5,790
Interest expense (6,222) (7,365)
Total other expense (9,847) (5,805)
Loss before provision for income taxes (36,958) (48,646)
Income tax (expense) benefit (645) 11,846
Net loss (37,603) (36,800)
Net loss attributable to non-controlling interests in Bridge Investment Group Holdings LLC (13,141) (41,921)
Net (loss) income attributable to Bridge Investment Group Holdings LLC (24,462) 5,121
Net loss attributable to non-controlling interests in Bridge Investment Group Holdings Inc. (12,286) (4,697)
Net (loss) income attributable to Bridge Investment Group Holdings Inc. $ (12,176) $ 9,818
(Loss) earnings per share of Class A common stock (Note 19)    
Basic (in dollars per share) $ (0.37) $ 0.24
Diluted (in dollars per share) $ (0.37) $ (0.05)
Weighted-average shares of Class A common stock outstanding (Note 19)    
Basic (in shares) 35,311,240 31,342,979
Diluted (in shares) 35,311,240 128,667,354
Fund management fees    
Revenues:    
Total revenues $ 59,308 $ 61,105
Property management and leasing fees    
Revenues:    
Total revenues 16,984 19,937
Construction management fees    
Revenues:    
Total revenues 1,289 1,697
Development fees    
Revenues:    
Total revenues 1,046 831
Transaction fees    
Revenues:    
Total revenues 3,193 6,800
Fund administration fees    
Revenues:    
Total revenues 4,860 5,058
Insurance premiums    
Revenues:    
Total revenues 5,786 4,697
Other asset management and property income    
Revenues:    
Total revenues $ 3,830 $ 2,665