Ares Management Corp (ARES) Financial Statements
Industry: Investment Advice
In fiscal 2025, Ares Management reported revenue of $4.76B, up 28.9% from $3.69B the year before. Net income was $527.4M (a 11.1% net margin). Operating margin was -54.3%. Operating activities generated $3.27B of cash. At fiscal year end, Ares Management held $28.63B in total assets against $19.93B in total liabilities.
Open the full interactive Ares Management financials → Quarterly statements, key ratios, valuation history and price charts.
Ares Management Key Stats
| Share Price | $115.62 |
|---|---|
| Revenue YoY Growth | +28.9% |
| 52-Week Range | $93.27 – $171.20 |
| Shares Outstanding | 80.7 million (basic, 2015 Q3) |
Ares Management Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.75B | $2.29B | $2.88B | $3.24B | $3.69B | $4.76B |
| Operating Income | $661.2M | -$1.03B | -$1.44B | -$1.70B | -$1.98B | -$2.58B |
| Pre-Tax Income | $379.5M | $1.07B | $510.8M | $1.33B | $1.28B | $1.29B |
| Income Tax | $55.0M | $147.4M | $71.9M | $173.0M | $164.6M | $198.5M |
| Net Income | $152.1M | $408.8M | $167.5M | $474.3M | $463.7M | $527.4M |
Ares Management Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.15B | $1.56B | $1.30B | $1.29B |
| Net Income | $288.9M | $54.2M | $142.6M | $150.6M |
Ares Management Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Total Assets | $15.17B | $21.61B | $22.00B | $24.73B | $24.88B | $28.63B |
| Total Liabilities | $12.60B | $16.69B | $17.10B | $19.71B | $17.49B | $19.93B |
| Shareholders' Equity | $1.19B | $1.83B | $1.59B | $1.89B | $3.54B | $4.28B |
Ares Management Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$425.7M | -$2.60B | -$734.1M | -$233.3M | $2.79B | $3.27B |
| Cash From Investing | -$136.8M | -$1.08B | -$337.4M | -$111.1M | -$159.4M | -$1.80B |
| Cash From Financing | $943.9M | $3.50B | $1.13B | $292.1M | -$1.43B | -$2.43B |
| Dividends Paid | — | — | — | — | $16.1M | $21.0M |
Figures from Ares Management's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Ares Management financials page for every line item.
Ares Management Company Profile
| Ticker | ARES |
|---|---|
| Exchange | NYSE |
| Industry | Investment Advice |
| Headquarters | Los Angeles, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001176948 |
Frequently Asked Questions
What was Ares Management's revenue in fiscal 2025?
Ares Management (ARES) reported revenue of $4.76B for fiscal 2025.
What is Ares Management's annual revenue history?
Ares Management's annual revenue by fiscal year: 2020: $1.75B; 2021: $2.29B; 2022: $2.88B; 2023: $3.24B; 2024: $3.69B; 2025: $4.76B.
What was Ares Management's net income in fiscal 2025?
Ares Management reported net income of $527.4M for fiscal 2025.
What was Ares Management's revenue last quarter?
In its most recent reported quarter (2026 Q2), Ares Management reported revenue of $1.29B.
How many shares of Ares Management are outstanding?
Ares Management reported a weighted average of 80.7 million basic shares outstanding in 2015 Q3.
When does Ares Management's fiscal year end?
Ares Management's fiscal year end, as registered with the SEC, is December 31.
Where is Ares Management headquartered?
Ares Management lists its business address in Los Angeles, California in its SEC filings.