KKRS Q1 2025 Earnings Report — KKR Group Finance Co. IX LLC 4. Revenue & Financial Results | Market Cap Arena

KKR Group Finance Co. IX LLC 4.KKRS

Q1 2025 Earnings

Reported May 9, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2025	Q4 2024	Q1 2024	QoQ Change	YoY Change
Revenue	$3.1B	—	$10.6B	—	-70.7%
Op. Income	$1.5B	—	$1.4B	—	8.3%
Gross Margin	57.1%	—	9.7%	—	47.5pp
Net Margin	22.0%	—	6.4%	—	15.6pp
EPS (Diluted)	$0.73	—	$0.74	—	-1.4%
Free Cash Flow	$2.5B	—	$1.5B	—	67.5%

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$300M
SG&A Expenses	$300M
Other Expenses	$0
Operating Expenses	$300M
Cost & Expenses	$1.6B
OPERATING INCOME	$1.5B
Interest Income	$786M
Interest Expense	$70M
Other Income/Expenses	-$706M
INCOME BEFORE TAX	$771M
Income Tax Expense	$87M
Net Income from Continuing Ops	$684M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$684M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$684M
D&A	$0
EBIT	$0
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$300M
SG&A Expenses	$300M
Other Expenses	$0
Operating Expenses	$300M
Cost & Expenses	$1.6B
OPERATING INCOME	$1.5B
Interest Income	$786M
Interest Expense	$70M
Other Income/Expenses	-$706M
INCOME BEFORE TAX	$771M
Income Tax Expense	$87M
Net Income from Continuing Ops	$684M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$684M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$684M
D&A	$0
EBIT	$0
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$684M
Depreciation & Amortization	-$54M
Stock-Based Compensation	$184M
Deferred Income Tax	$0
Other Non-Cash Items	$1.7B
Change in Working Capital	$0
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$21M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3.1B
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$155M
Other Financing Activities	$3.8B
NET CASH FROM FINANCING	$3.6B
FREE CASH FLOW	$2.5B
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$11.7B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$11.7B
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$5.3B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$5.3B
TOTAL ASSETS	$372.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$303.4B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$69.0B
TOTAL STOCKHOLDERS' EQUITY	$69.0B
Minority Interest	$0
TOTAL EQUITY	$69.0B
TOTAL LIABILITIES & EQUITY	$372.4B
Total Debt	$0
Net Debt	-$11.7B