OWL

MKT CAP:$14B

Blue Owl Capital Inc.

Market Cap

$14B

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

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$9.85-$5.46 (-35.66%)

Apr 17, 2026

Company Details

Blue Owl Capital Inc. operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and t...

CEO

Douglas Irving Ostrover

IPO Date

Dec 14, 2020

Website

www.blueowl.com

Key Metrics TTM

Revenue

$1.2B

— YoY

Net Income

$74M

EPS (Diluted)

$1.14

Free Cash Flow

$498M

Revenue / Share

$1.85

Gross Margin

52.5%

Operating Margin

29.7%

Net Margin

6.0%

FCF Margin

40.5%

P/S

11.6x

P/E

194.5x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 19, 2026

$2.9BEPS $0.12

Q4 2025

Feb 19, 2026

$756MEPS $0.07

Q2 2022

Aug 4, 2022

$327MEPS -$0.00

Q1 2021

May 17, 2021

$108M+119.7%EPS $1.43

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$49M	$17M	-$2M
Q2 20	$40M	$8M	-$7M
Q1 21	$108M	$60M	$45M
Q2 22	$327M	$109M	-$10M
Q4 25	$756M	$468M	$338M

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q2 20	—	—
Q1 21	—	—
Q2 22	27.2x	761.0x
Q4 25	11.6x	194.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	-$20M	-$20M
Q2 20	-$4M	-$4M
Q1 21	$587.0K	$292.0K
Q2 22	$152M	$143M
Q4 25	$383M	$359M

Capital Expenditures

Quarter	CapEx
Q1 20	$15.0K
Q2 20	$27.0K
Q1 21	$295.0K
Q2 22	$9M
Q4 25	$24M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 25	+1433.6%	+712.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q1 21	$0	0.0%
Q2 22	$0	0.0%
Q4 25	$162M	21.4%

OpEx Breakdown

Quarter	G&A
Q1 20	$19M
Q2 20	$16M
Q1 21	$15M
Q2 22	$54M
Q4 25	$188M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$186M	$0	$186M
Q2 22	$49M	$0	$49M
Q3 22	$40M	$0	$40M
Q4 22	$68M	$0	$68M
Q1 23	$38M	$0	$38M
Q2 23	$41M	$0	$41M
Q3 23	$77M	$0	$77M
Q4 23	$104M	$0	$104M
Q1 24	$156M	$0	$156M
Q2 24	$437M	$0	$437M
Q3 24	$116M	$0	$116M
Q4 24	$152M	$0	$152M
Q1 25	$98M	$0	$98M
Q2 25	$118M	$0	$118M
Q3 25	$137M	$0	$137M
Q4 25	$195M	$0	$195M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	320M	—	—
Q2 20	34M	-89.3%	—
Q1 21	28M	-20.0%	—
Q2 22	423M	+1436.8%	—
Q4 25	665M	+57.3%	+107.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	—	—
Q2 20	—	—
Q1 21	$54M	2
Q2 22	$935.0K	350
Q4 25	$553.6K	1K

Revenue / Employee