Ares Management Financials

Values in thousands	2026-06-30	2026-03-31	2025-12-31	2025-09-30
Revenue	$1,428,610	$1,533,411	$1,533,411	$1,657,628
Gross Profit	248,633	1,473,717	1,473,717	997,793
EBITDA	542,292	562,176	562,176	921,245
EBIT		502,482	502,482	855,289
Net Income	150,635	142,589	142,589	288,882
Net Change In Cash	1,428,610	1,533,411	1,533,411	1,657,628
Free Cash Flow	-384,495	390,872	-499,481	1,329,251
Cash	1,852,358	1,438,084	1,499,960	1,499,960
Basic Shares	226,304	224,033	224,033	219,881

Values in thousands	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	$6,470,140	$3,884,781	$3,631,884	$3,055,443
Gross Profit	4,839,224	2,153,034	2,145,186	1,556,853
EBITDA	2,296,278	2,412,231	2,425,651	1,334,864
EBIT	2,054,353	2,253,653	2,193,939	993,523
Net Income	527,361	463,742	474,326	167,541
Net Change In Cash	6,470,140	3,884,781	3,631,884	3,055,443
Cost of Revenue				56,572
Free Cash Flow	3,194,781	2,699,645	-300,444	-769,908
Cash	1,499,960	2,735,465	1,497,785	1,114,628
Basic Shares	217,361	198,054	195,773	175,510