ARES Q3 2022 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q3 2022 Earnings

Financial Services Asset Management

Income Statement

Revenue

$801M-15.5% YoY

Gross Profit

$376M46.9% margin

Operating Income

-$97M-12.1% margin

Net Income

-$36M-4.4% margin

EPS (Diluted)

$-0.22

QoQ Revenue Growth

+33.2%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

$15M

Stock-Based Comp.

$48M

Balance Sheet

Total Assets

$21.2B

Total Liabilities

$17.7B

Stockholders' Equity

$1.5B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$801M	$949M	-15.5%
Gross Profit	$376M	$613M	-38.7%
Operating Income	-$97M	$135M	-171.5%
Net Income	-$36M	$85M	-142.0%

Revenue Segments

Administrative Service

$40M78%

Principal Investment Income

$12M22%