Ares Management Corp

Listed Company

ARESCIK 0001176948NYSELarge AcceleratedInvestment AdviceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$5.60B

Net Income

$527.36M

Total Assets

$28.63B

Equity

$4.28B

Shares Out

313.17M

Op. Cash Flow

$3.27B

ARES$125.71−31.39% · past yearDBEQ Basic

Daily closing prices

Business

Ares Management Corp is a global alternative investment manager providing investment management services across multiple strategies including Credit, Real Assets, Secondaries, and Private Equity to institutional and wealth clients. The company operates through an integrated investment platform with complementary investment groups that collaborate on sourcing, underwriting, and portfolio management. It serves clients through commingled funds, separately managed accounts, publicly-traded funds, and perpetual wealth vehicles across North America, Europe, and Asia-Pacific.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	5,601	3,885	3,632	3,055	4,212
Compensation and benefits	2,566	1,732	1,487	1,499	1,163
Performance related compensation	1,094	450	608	519	1,741
General, administrative and other expenses	996	737	660	695	444
Expenses of the Consolidated Funds	53	21	43	—	—
Total expenses	4,709	2,939	2,798	2,749	3,410
Total other income (expense), net	394	329	499	204	264
Income before taxes	1,287	1,275	1,333	511	1,066
Income tax expense	199	165	173	72	147
Net income	1,088	1,111	1,160	439	918
Less: Net income attributable to non-controlling interests in Consolidated Funds	254	296	274	119	120
Net income attributable to Ares Operating Group entities	834	815	886	320	798
Less: Net income attributable to redeemable interest in Ares Operating Group entities	1	103,000	226,000	−851,000	−1
Less: Net income attributable to non-controlling interests in Ares Operating Group entities	306	351	411	153	390
Net income attributable to Ares Management Corporation	527	464	474	168	409
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders	426	441	474	168	387

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Intangible assets, net	798	408	491	640	769
Goodwill	3,454	1,163	1,124	1,000	788
Total assets	28,633	24,884	24,731	22,003	21,605
Operating lease liabilities	670	642	320	191	205
Total liabilities	19,932	17,486	19,709	17,098	16,695
Commitments and contingencies	—	—	—	—	—
Additional paid-in-capital	4,243	2,937	2,391	1,971	1,914
Accumulated deficit	−1,452	−837	−495	−369	−89
Accumulated other comprehensive income (loss), net of tax	22	−18	−6	−15	−2
Total stockholders equity	4,275	3,544	1,893	1,589	1,825
Total equity	8,676	6,824	4,474	3,799	3,814
Total liabilities, redeemable interest, non-controlling interests and equity	28,633	24,884	24,731	22,003	21,605

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net cash provided by (used in) operating activities	3,267	2,791	−233	−734	−2,596
Net cash used in investing activities	−1,804	−159	−111	−337	−1,085
Net cash provided by (used in) financing activities	−2,427	−1,432	292	1,128	3,504
Effect of exchange rate changes	−55	−40	11	−10	−19
Net change in cash and cash equivalents	−1,019	1,160	−42	46	−196
Equity issued in connection with acquisition-related activities	1,658	21	240	13	511
Equity issued in connection with settlement of management incentive program	0	0	246	0	0
Cash paid during the period for interest	676	867	723	320	205
Cash paid during the period for income taxes	91	108	62	105	23

Filings

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Frequently asked questions

What is Ares Management Corp's CIK number?

Ares Management Corp's SEC CIK number is 0001176948 (1176948). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Ares Management Corp's SEC filings?

All of Ares Management Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Ares Management Corp last report earnings?

Ares Management Corp (ARES) most recently filed an earnings 8-K with the SEC on Jul 10, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-047830). This is Ares Management Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Ares Management Corp's most recent earnings 8-K?

Ares Management Corp's latest earnings 8-K (Item 2.02) was filed Jul 10, 2026 under accession 0001628280-26-047830. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Ares Management Corp's latest earnings 8-K →
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