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ARES · XBRL financial data

Ares Management financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (ARES's year ends in late December)

In millions of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Revenue6781,120*7368758421,238*1,0051,0411,1531,558*1,2991,294
Revenue from contracts with customers6711,054*7077891,1301,259*1,0891,3501,6581,505*1,3961,429
Selling, general and administrative212159*171169197199*228232246290*240256
Total operating expenses561771*538565855981*1,0141,1381,3081,249*1,1681,180
Interest expense26———————————
Other income (expense)6———————————
Income tax expense (benefit)3060*27414650*18611128*6073
Net income (loss)—year only7395118177*4713728954*143151

Balance sheet

CSV

Fiscal quarters (ARES's year ends in late December)

In millions of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Cash and cash equivalents3123483462843501,508619510497489569557
Goodwill9981,1241,1301,1301,1331,1633,4993,4363,4373,4543,4633,464
Total assets23,38424,73124,41324,19324,52324,88427,18227,26527,03228,63328,39529,631
Total liabilities18,34019,70919,38318,43618,64317,48618,39018,42618,40019,93220,01221,003
Accumulated deficit(515)(495)(613)(713)(792)(837)(1,074)(1,222)(1,219)(1,452)(1,657)(1,855)
Total stockholders' equity1,7331,8931,7672,0022,0763,5444,4544,3624,4744,2754,0253,968
Total liabilities and equity23,38424,73124,41324,19324,52324,88427,18227,26527,03228,63328,39529,631
Common shares outstanding (cover page) millions of shares306308310313313313——————

Cash flows

CSV

Fiscal quarters (ARES's year ends in late December)

In millions of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Net income (loss)—year only7395118177*4713728954*143151
Net cash from operating activities318*(560)*710432*841*808*1,994416*1,341*(484)*407(351)*
Net cash from investing activities(23)*(67)*(34)(29)*(33)*(64)*(1,745)(23)*(15)*(21)*(7)(33)*
Dividends paid——16161616212121212525
Net cash from financing activities(244)*634*(667)(459)*(784)*478*(1,178)(567)*(1,225)*543*(293)371*
Net change in cash35*36*(2)(62)*66*1,158*(889)(109)*(13)*(8)*80(12)*

Compare with peers

SIC 6282 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 6282 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • Runway shows only for companies burning cash with under $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingRunwayQuarter
Ares Management5571,294(351)*not reported1.6 quarters 10-QJun 30, 2026
AlTi Global3158not reportednot reported— 10-QJun 30, 2026
Diamond Hill Investment Group4237*17*2.7M— 10-KDec 31, 2025
Horizon Kinetics Holding3419(2)*18.6M16.8 quarters 10-QJun 30, 2026
GCM Grosvenor14013438*not reported— 10-QJun 30, 2026
Ridgepost Capital378124*not reported— 10-QJun 30, 2026
Abacus Global Management237339*97.8M— 10-QJun 30, 2026
Silvercrest Asset Management Group283312*not reported— 10-QSep 30, 2026
Acadian Asset Management8618526*35.5M— 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.