Ares Management Financials

Values in thousands	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Revenue	$1,533,411	$1,533,411	$1,657,628	$1,350,128
Gross Profit	1,473,717	1,473,717	997,793	706,419
EBITDA	562,176	562,176	921,245	476,151
EBIT	502,482	502,482	855,289	355,801
Net Income	142,589	142,589	288,882	137,062
Net Change In Cash	1,533,411	1,533,411	1,657,628	1,350,128
Free Cash Flow	390,872	-499,481	1,329,251	392,783
Cash	1,438,084	1,499,960	1,499,960	1,531,905
Basic Shares	224,033	224,033	219,881	218,916

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