ARES Q3 2025 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q3 2025 Earnings

Financial Services Asset Management

Income Statement

Revenue

$1.7B+46.7% YoY

Gross Profit

$998M60.2% margin

Operating Income

$349M21.1% margin

Net Income

$289M17.4% margin

EPS (Diluted)

$1.15

QoQ Revenue Growth

+22.8%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$1.3B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$27.0B

Total Liabilities

$18.4B

Stockholders' Equity

$4.5B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.1B	+46.7%
Gross Profit	$998M	$694M	+43.8%
Operating Income	$349M	$275M	+27.1%
Net Income	$289M	$118M	+143.9%

Revenue Segments

Management Service

$980M57%

Carried Interest

$473M27%

Administrative Service

$105M6%

Management Service, Incentive

$101M6%

Principal Investment Income (Loss)

$74M4%