AAMI

MKT CAP:$2B

Acadian Asset Management

Market Cap

$2B

Financial Services·Asset Management·🇺🇸 United States·NYSE

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$66.92+$19.54 (+41.24%)

Apr 23, 2026

Company Details

Acadian Asset Management, Inc. is a holding company, which engages in the provision of asset management services. It operates through the Quant and Solutions segment. The Quant and Solutions segment involves leveraging data and technology i...

CEO

Kelly Ann Louise Young

IPO Date

Oct 9, 2014

Website

www.acadian-inc.com

Key Metrics TTM

Revenue

$555M

+36.3% YoY

Net Income

$83M

EPS (Diluted)

$2.25

Free Cash Flow

$64M

Revenue / Share

$15.50

Gross Margin

100.1%

Operating Margin

30.2%

Net Margin

14.9%

FCF Margin

11.6%

P/S

4.3x

P/E

29.1x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Dec 30, 2025

$594M+17.5%EPS $2.21

Q4 2025

Dec 30, 2025

$203MEPS $0.97

Q1 2025

Mar 31, 2025

$120M+13.4%EPS $0.54

FY 2024

Dec 31, 2024

$506M+18.5%EPS $2.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$150M	$65M	$41M
Q2 16	$157M	$69M	$44M
Q3 16	$171M	$71M	$40M
Q3 18	$230M	$50M	$13M
Q3 21	$118M	$51M	$29M
Q4 21	$163M	$72M	$49M
Q1 22	$112M	$65M	$43M
Q2 22	$96M	$69M	$47M
Q3 22	$87M	$52M	$30M
Q4 22	$123M	$72M	$48M
Q1 23	$92M	$42M	$20M
Q1 24	$106M	$48M	$23M
Q2 24	$109M	$47M	$21M
Q3 24	$123M	$53M	$27M
Q1 25	$120M	$58M	$32M
Q4 25	$203M	$397M	$88M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q2 16	—	—
Q3 16	—	—
Q3 18	3.4x	15.5x
Q3 21	3.6x	6.8x
Q4 21	3.5x	6.7x
Q1 22	3.9x	6.9x
Q2 22	4.9x	7.5x
Q3 22	5.3x	22.0x
Q4 22	5.8x	23.9x
Q1 23	6.1x	27.1x
Q1 24	5.9x	32.2x
Q2 24	5.6x	35.4x
Q3 24	5.6x	44.1x
Q1 25	5.3x	38.4x
Q4 25	4.3x	29.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	-$28M	-$31M
Q2 16	$63M	$59M
Q3 16	$24M	$20M
Q3 18	$52M	$46M
Q3 21	-$30M	-$34M
Q4 21	-$27M	-$31M
Q1 22	-$14M	-$18M
Q2 22	$44M	$40M
Q3 22	$33M	$29M
Q4 22	$54M	$50M
Q1 23	-$35M	-$39M
Q1 24	-$40M	-$43M
Q2 24	$46M	$43M
Q3 24	$70M	$67M
Q1 25	-$49M	-$51M
Q4 25	$9M	$5M

Capital Expenditures

Quarter	CapEx
Q1 16	$3M
Q2 16	$3M
Q3 16	$4M
Q3 18	$7M
Q3 21	$4M
Q4 21	$4M
Q1 22	$4M
Q2 22	$4M
Q3 22	$5M
Q4 22	$3M
Q1 23	$5M
Q1 24	$2M
Q2 24	$3M
Q3 24	$2M
Q1 25	$3M
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	-21.2%	-17.9%
Q4 21	+4.1%	+1.7%
Q1 22	-34.3%	-47.2%
Q2 22	-58.5%	-77.5%
Q3 22	-26.4%	-36.4%
Q4 22	-24.7%	-34.6%
Q1 23	-18.2%	+4.3%
Q1 24	+10.7%	+69.7%
Q2 24	+25.6%	+55.9%
Q3 24	+0.3%	+28.5%
Q1 25	+30.6%	+22.2%
Q4 25	+91.9%	+38.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$0	0.0%
Q2 16	$0	0.0%
Q3 16	$0	0.0%
Q3 18	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$8M	7.2%
Q3 24	$9M	7.6%
Q1 25	$600.0K	0.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 16	$22M
Q2 16	$23M
Q3 16	$27M
Q3 18	$31M
Q3 21	$17M
Q4 21	$18M
Q1 22	$17M
Q2 22	$17M
Q3 22	$18M
Q4 22	$20M
Q1 23	$18M
Q1 24	$20M
Q2 24	$21M
Q3 24	$22M
Q1 25	$22M
Q4 25	$24M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$89M	$0	$89M
Q2 22	$92M	$0	$92M
Q3 22	$101M	$0	$101M
Q4 22	$108M	$0	$108M
Q1 23	$154M	$0	$154M
Q2 23	$141M	$0	$141M
Q3 23	$143M	$0	$143M
Q4 23	$147M	$0	$147M
Q1 24	$102M	$0	$102M
Q2 24	$72M	$0	$72M
Q3 24	$54M	$0	$54M
Q4 24	$95M	$0	$95M
Q1 25	$120M	$0	$120M
Q2 25	$90M	$0	$90M
Q3 25	$117M	$0	$117M
Q4 25	$101M	$0	$101M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	120M	—	—
Q2 16	120M	-0.3%	—
Q3 16	120M	+0.1%	—
Q3 18	107M	-11.0%	—
Q3 21	83M	-21.8%	-30.6%
Q4 21	63M	-24.4%	-47.4%
Q1 22	45M	-27.9%	-62.1%
Q2 22	43M	-6.2%	-60.1%
Q3 22	42M	-0.3%	-49.1%
Q4 22	43M	+1.4%	-31.8%
Q1 23	43M	-0.5%	-5.8%
Q1 24	40M	-7.0%	-6.5%
Q2 24	38M	-3.8%	-9.7%
Q3 24	38M	-1.2%	-12.0%
Q1 25	37M	-1.1%	-12.5%
Q4 25	36M	-4.2%	-9.9%

Shares Outstanding