Ares Management financials
$118.97+0.53%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.40B | $1.50B | $1.66B | $1.35B | $1.09B | $1.26B | $1.13B | $788.7M | $707.4M | $1.05B | $671.3M |
| Gross profit | $1.43B | $1.40B | $1.50B | $1.66B | $1.35B | $1.09B | $1.26B | $1.13B | $788.7M | $707.4M | $1.05B | $671.3M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $248.6M | $228.0M | $256.3M | $349.4M | $212.6M | $74.5M | $278.2M | $274.9M | $224.1M | $168.9M | $283.5M | $110.3M |
| Net income | $112.3M | -$200.3M | $755.2M | $5.7M | $101.4M | -$233.5M | $700.3M | -$77.1M | $87.3M | -$115.2M | $173.9M | $61.8M |
| Net margin | 7.9% | −14.3% | 50.2% | 0.3% | 7.5% | −21.4% | 55.6% | −6.8% | 11.1% | −16.3% | 16.5% | 9.2% |
| Diluted EPS | $0.49 | $-0.89 | $3.41 | $0.03 | $0.46 | $-1.12 | $3.46 | $-0.38 | $0.43 | $-0.60 | $0.78 | $0.30 |
| EBITDA | $248.6M | $228.0M | $499.4M | $349.4M | $212.6M | $74.5M | $436.8M | $274.9M | $224.1M | $168.9M | $283.5M | $110.3M |
| Operating cash flow | -$351.4M | $406.5M | -$483.7M | $1.34B | $415.7M | $1.99B | $807.6M | $841.3M | $432.2M | $710.0M | -$560.1M | $318.3M |
| Free cash flow | -$384.5M | $390.9M | -$499.5M | $1.33B | $392.8M | $1.97B | $798.3M | $814.4M | $376.9M | $710.0M | -$583.1M | $295.2M |
| Diluted shares | 226.3M | 224.0M | 221.3M | 219.9M | 218.9M | 209.4M | 202.7M | 200.7M | 196.2M | 192.6M | 223.8M | 186.2M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.85B | $1.44B | $1.45B | $1.50B | $1.53B | $1.80B |
| Short-term investments | $5.55B | $5.52B | $5.51B | $17.01B | $17.24B | $16.87B |
| Total debt | $14.06B | $6.62B | $13.55B | $12.05B | $13.17B | $12.67B |
| Total assets | $29.63B | $28.39B | $28.63B | $27.03B | $27.26B | $27.18B |
| Total liabilities | $21.00B | $20.01B | $19.93B | $18.40B | $18.43B | $18.39B |
| Shareholders' equity | $3.97B | $8.36B | $4.28B | $4.47B | $8.26B | $4.45B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology