Bridge Investment Group Holdings Inc-A 2025年季度报告

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549FORM10-Q xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from________to Commission File Number:001-40622 BRIDGE INVESTMENT GROUP HOLDINGS INC. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesoNox As of August4, 2025, the registrant had47,380,206shares of Class A common stock ($0.01 par value per share) outstanding and77,153,583shares of ClassB common stock ($0.01 par value per share) outstanding. TABLE OF CONTENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS2PART I. FINANCIAL INFORMATION6 Item 1.Financial Statements (unaudited)6BRIDGE INVESTMENT GROUP HOLDINGS INC.6Condensed Consolidated Balance Sheets as of June30, 2025 (Unaudited) and December31, 20246Condensed Consolidated Statements of Operations (Unaudited) for the Three and Six Months Ended June30,2025 and 20247Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) for the Three and SixMonths Ended June30, 2025 and 20248Condensed Consolidated Statements of Changes in Equity (Unaudited) for the Three and Six Months EndedJune30, 2025 and 202410Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended June30, 2025 and20241Notes to Condensed Consolidated Financial Statements13Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations48Item 3.Quantitative and Qualitative Disclosures About Market Risk79Item 4.Controls and Procedures80PART II. OTHER INFORMATION8Item 1.Legal Proceedings8Item 1A.Risk Factors8Item 2.Unregistered Sales of Equity Securities and Use of Proceeds8Item 3.Defaults Upon Senior Securities8Item 4.Mine Safety Disclosures8Item 5.Other Information8Item 6.Exhibits82SIGNATURES83 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This quarterly report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”),about, among other things, our operations, taxes, earnings and financial performance, and dividends. All statements other than statements ofhistorical facts contained in this report may be forward-looking statements. Statements regarding our ability to complete the proposedMergers (as defined below), including statements regarding the benefits of the proposed Mergers and the anticipated timing and likelihood ofcompletion of the proposed Mergers, and information regarding the businesses of Apollo and the Company, including Apollo’s and theCompany’s objectives, plans and strategies for future operations, future results of operations and financial position, business strategy andplans and objectives of management for future operations, including, among others, statements regarding expected growth, future capitalexpenditures, fund performance and debt service obligations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “outlook,” “indicator,” “may,” “will,” “should,” “expects,” “plans,” “seek,” “anticipates,” “plan,”“forecasts,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or thenegative of these terms or other similar expressions. Accordingly, we caution you that any such forward looking statements are notguarantees of future performance and are subj