BLUE OWL CAPITAL INC.
Business
Blue Owl Capital Inc. is a global alternative asset manager with a strong base of permanent capital. The firm deploys private capital across three major platforms: Credit, Real Assets, and GP Strategic Capital. Blue Owl serves institutional investors, family offices, pension funds, endowments, and individual clients through registered investment advisers, business development companies, non-traded REITs, interval funds, and long-dated private funds distributed globally.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Revenues | 2,870 | 2,295 | 1,732 | 1,370 | 824 | |
| Compensation and benefits | 1,307 | 1,017 | 871 | 895 | 1,497 | |
| Amortization of intangible assets | 359 | 258 | 300 | 257 | 114 | |
| General, administrative and other expenses | 748 | 413 | 243 | 221 | 140 | |
| Total Expenses | 2,414 | 1,689 | 1,414 | 1,372 | 1,751 | |
| Net gains (losses) on investments | −7 | 2 | 4 | −132,000 | −4 | |
| Interest and dividend income | 45 | 42 | 22 | 4 | 387,000 | |
| Interest expense | −164 | −122 | −76 | −60 | — | |
| Change in TRA liability | −14 | 7 | −2 | −11 | — | |
| Change in warrant liability | 0 | −38 | −14 | 35 | −44 | |
| Change in earnout liability | 31 | −28 | −6 | −14 | −834 | |
| Total Other Loss | −108 | −138 | −71 | −47 | −940 | |
| Income Before Income Taxes | 348 | 469 | 246 | −50 | −1,867 | |
| Income tax expense | 42 | 49 | 26 | −9 | −65 | |
| Consolidated Net Income | 305 | 420 | 221 | −40 | −1,802 | |
| Net income attributable to noncontrolling interests | −227 | −311 | −166 | 31 | 1,426 | |
| Net Income Attributable to Blue Owl Capital Inc. | 79 | 110 | 54 | −9 | −376 | |
| Basic (in dollars per share) | 0.12 | 0.2 | 0.12 | −0.02 | — | |
| Diluted (in dollars per share) | 0.1 | 0.2 | 0.1 | −0.02 | — | |
| Basic (in shares) | 655 | 549 | 463 | 433 | — | |
| Diluted (in shares) | 662 | 558 | 478 | 433 | — |
Consolidated Balance Sheet
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 195 | 152 | 104 | 68 | 43 | |
| Due from related parties | 694 | 549 | 367 | 358 | — | |
| Investments (includes $358,153 and $369,294 at fair value and $162,747 and $213,684 of investments in the Companys products, respectively) | 484 | 487 | 344 | 317 | 12 | |
| Operating lease assets | 456 | 325 | 282 | 224 | 86 | |
| Strategic Revenue-Share Purchase consideration, net | 329 | 374 | 417 | 458 | 495 | |
| Deferred tax assets | 1,414 | 1,245 | 782 | 757 | 636 | |
| Intangible assets, net | 2,889 | 2,903 | 2,110 | 2,405 | 2,611 | |
| Goodwill | 5,624 | 4,699 | 4,224 | 4,205 | 4,132 | |
| Other assets, net | 383 | 259 | 187 | 100 | 26 | |
| Total Assets | 12,468 | 10,992 | 8,818 | 8,893 | 8,266 | |
| Debt obligations, net | 3,300 | 2,600 | 1,700 | 1,600 | 1,174 | |
| Accrued compensation | 526 | 424 | 371 | 310 | 156 | |
| Operating lease liabilities | 538 | 390 | 320 | 240 | 88 | |
| TRA liability (includes $106,793 and $108,257 at fair value, respectively) | 1,659 | 1,412 | 880 | 821 | 671 | |
| Earnout liability, at fair value | 164 | 168 | 93 | 172 | 144 | |
| Deferred tax liabilities | 40 | 37 | 34 | 42 | 49 | |
| Accounts payable, accrued expenses and other liabilities | 163 | 166 | 139 | 127 | 68 | |
| Total Liabilities | 6,413 | 5,186 | 3,540 | 3,344 | 2,419 | |
| Commitments and Contingencies (Note 8) | — | — | — | — | — | |
| Additional paid-in capital | 3,813 | 3,269 | 2,411 | 2,294 | 2,161 | |
| Accumulated deficit | −1,609 | −1,142 | −883 | −689 | −498 | |
| Accumulated other comprehensive income | 2 | 0 | — | — | — | |
| Total Stockholders Equity Attributable to Blue Owl Capital Inc. | 2,205 | 2,128 | 1,528 | 1,605 | 1,664 | |
| Stockholders equity attributable to noncontrolling interests | 3,849 | 3,678 | 3,750 | 3,944 | 4,184 | |
| Total Stockholders Equity | 6,054 | 5,806 | 5,278 | 5,549 | 5,848 | |
| Total Liabilities and Stockholders Equity | 12,468 | 10,992 | 8,818 | 8,893 | 8,266 |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Equity-based compensation | 674 | 313 | 313 | 421 | 1,205 | |
| Depreciation and amortization of fixed assets | 23 | 17 | 10 | 2 | 665,000 | |
| Amortization of debt discounts and deferred financing costs | 8 | 7 | 5 | 4 | 2 | |
| Non-cash interest and dividend income | −35 | −23 | 0 | — | — | |
| Net change in operating lease assets and operating lease liabilities | 17 | 27 | 23 | — | — | |
| Payment of earnout liability in excess of acquisition-date fair value | −935,000 | −14 | −7 | 0 | 0 | |
| Net (gains) losses on investments, net of dividends on equity-method investments | 6 | 13 | −4 | 132,000 | 4 | |
| Deferred income taxes | 21 | 27 | 4 | −24 | −66 | |
| Due from related parties | −103 | −175 | −9 | −128 | −105 | |
| Strategic Revenue-Share Purchase consideration | 44 | 44 | 41 | 37 | −41 | |
| Other assets, net | −93 | −14 | −15 | −2 | −2 | |
| Accrued compensation | 46 | 31 | 41 | 138 | 93 | |
| Accounts payable, accrued expenses and other liabilities | 3 | 10 | 5 | 58 | −33 | |
| Net Cash Provided by Operating Activities | 1,256 | 1,000 | 949 | 728 | 282 | |
| Purchases of fixed assets | −58 | −64 | −68 | −66 | −5 | |
| Purchases of investments | −94 | −378 | −86 | −309 | −329 | |
| Proceeds from investment sales and maturities | 126 | 250 | 62 | 4 | 314 | |
| Cash consideration paid for acquisitions, net of cash acquired | −245 | −445 | −26 | −114 | −1,579 | |
| Net Cash Used in Investing Activities | −271 | −638 | −118 | −485 | −1,599 | |
| Offering costs related to the Acquisitions | 0 | −273,000 | 0 | 0 | −126 | |
| Proceeds from debt obligations | 2,270 | 2,170 | 1,055 | 775 | 1,390 | |
| Debt issuance costs | −3 | −25 | −6 | — | — | |
| Repayments of debt obligations | −1,540 | −1,245 | −1,000 | −323 | −578 | |
| Payment of earnout liability, up to acquisition-date fair value | −37 | −80 | −79 | 0 | 0 | |
| Equity-classified awards settled in cash | 0 | 0 | −3 | 0 | 0 | |
| Payments under the TRA | −54 | −28 | 0 | 0 | — | |
| Withholding taxes on vested RSUs | −80 | −39 | −15 | −2 | 0 | |
| Dividends paid on Class A Shares | −547 | −368 | −248 | −183 | −47 | |
| Class A Share repurchases | −54 | 0 | 0 | −79 | 0 | |
| Contributions from noncontrolling interests | 29 | 38 | 48 | 27 | 16 | |
| Distributions to noncontrolling interests | −929 | −735 | −546 | −425 | −135 | |
| Net Cash Used in Financing Activities | −943 | −313 | −795 | −218 | 1,348 | |
| Net Increase in Cash and Cash Equivalents | 42 | 48 | 36 | 26 | 31 | |
| Cash paid for interest | 155 | 101 | 72 | 48 | 25 | |
| Cash paid for income taxes | 17 | 22 | 14 | 5 | 4 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BLUE OWL CAPITAL INC.'s CIK number?
BLUE OWL CAPITAL INC.'s SEC CIK number is 0001823945 (1823945). 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 BLUE OWL CAPITAL INC.'s SEC filings?
All of BLUE OWL CAPITAL INC.'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 BLUE OWL CAPITAL INC. last report earnings?
BLUE OWL CAPITAL INC. (OWL) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001823945-26-000022). This is BLUE OWL CAPITAL INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is BLUE OWL CAPITAL INC.'s most recent earnings 8-K?
BLUE OWL CAPITAL INC.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001823945-26-000022. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View BLUE OWL CAPITAL INC.'s latest earnings 8-K →
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