ARES Q2 2025 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q2 2025 Earnings

Financial Services Asset Management

Income Statement

Revenue

$1.4B+71.2% YoY

Gross Profit

$706M52.3% margin

Operating Income

$213M15.7% margin

Net Income

$137M10.2% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+24.0%

Cash Flow

Operating Cash Flow

$416M

Free Cash Flow

$393M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$27.3B

Total Liabilities

$19.0B

Stockholders' Equity

$4.4B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$789M	+71.2%
Gross Profit	$706M	$369M	+91.5%
Operating Income	$213M	$224M	-5.2%
Net Income	$137M	$95M	+44.4%

Revenue Segments

Management Service

$910M63%

Carried Interest

$331M23%

Administrative Service

$98M7%

Principal Investment Income

$91M6%

Management Service, Incentive

$23M2%