OWL · XBRL financial data
Blue Owl Capital financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
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
CSVFiscal years (OWL's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | 234 | 387 | 528 | 568 |
| Revenue from contracts with customers | 250 | 824 | 1,370 | 1,732 | 2,295 | 2,870 |
| General and administrative | 68 | 140 | 221 | 243 | 413 | 748 |
| Interest expense | 24 | 27 | 56 | 76 | 122 | 164 |
| Income tax expense (benefit) | (0) | (65) | (9) | 26 | 49 | 42 |
| Net income (loss) | (78) | (376) | (9) | 54 | 110 | 79 |
| Earnings per share, basic USD per share | — | — | (0.02) | 0.12 | 0.20 | 0.12 |
| Earnings per share, diluted USD per share | — | — | (0.02) | 0.10 | 0.20 | 0.10 |
| Weighted average shares, basic millions of shares | — | — | 433 | 463 | 549 | 655 |
| Weighted average shares, diluted millions of shares | — | — | 433 | 478 | 558 | 662 |
Balance sheet
CSVFiscal years (OWL's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 12 | 43 | 68 | 104 | 152 | 195 |
| Total current assets | 1 | — | — | — | — | — |
| Property and equipment, net | 3 | 8 | 71 | 135 | 188 | 219 |
| Right-of-use asset | 0 | 86 | 224 | 282 | 325 | 456 |
| Goodwill | 0 | 4,132 | 4,205 | 4,224 | 4,699 | 5,624 |
| Total assets | 276 | 8,266 | 8,893 | 8,818 | 10,992 | 12,468 |
| Accrued liabilities | 0 | — | — | — | — | — |
| Total current liabilities | 0 | — | — | — | — | — |
| Total liabilities | 45 | 2,419 | 3,344 | 3,540 | 5,186 | 6,413 |
| Accumulated deficit | (5) | (498) | (689) | (883) | (1,142) | (1,609) |
| Total stockholders' equity | 5 | 1,664 | 1,605 | 1,528 | 2,128 | 2,205 |
| Total liabilities and equity | 276 | 8,266 | 8,893 | 8,818 | 10,992 | 12,468 |
Cash flows
CSVFiscal years (OWL's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (78) | (376) | (9) | 54 | 110 | 79 |
| Stock-based compensation | 0 | 1,205 | 421 | 313 | 313 | 674 |
| Net cash from operating activities | 5 | 282 | 728 | 949 | 1,000 | 1,256 |
| Purchases of property and equipment | 1 | 5 | 66 | 68 | 64 | 58 |
| Net cash from investing activities | (1) | (1,599) | (485) | (118) | (638) | (271) |
| Share repurchases | 0 | 0 | 79 | 0 | 0 | 54 |
| Dividends paid | 0 | 47 | 183 | 248 | 368 | 547 |
| Net cash from financing activities | (0) | 1,348 | (218) | (795) | (313) | (943) |
| Net change in cash | 4 | 31 | 26 | 36 | 48 | 42 |
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.
- * marks a quarter worked out from the filing totals: 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.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Blue Owl Capital | 214 | 807 | 609* | not reported | 10-QSep 30, 2026 |
| Carlyle Group | 1,257 | 1,124 | (0.5)* | 356.3M | 10-QJun 30, 2026 |
| Houlihan Lokey | 837 | 692 | 252* | not reported | 10-QSep 30, 2026 |
| Evercore | 1,257 | 998 | 526* | not reported | 10-QJun 30, 2026 |
| Morningstar | 497 | 672 | 191* | 37.1M | 10-QSep 30, 2026 |
| Price T Rowe Group | 3,774 | 2,005 | 543* | 213.3M | 10-QSep 30, 2026 |
| TPG | 800 | 713 | 249* | not reported | 10-QSep 30, 2026 |
| Brookfield Asset Management | 1,503 | 1,753 | 545 | not reported | 10-QJun 30, 2026 |
| Janus Henderson Group | 1,381 | not reported | 235 | 154.1M | 10-QMar 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.