Quarterly ResultMay 8, 2026, 05:07 PM
Ares Management Q1 Net Income +437% to $117.3M; EPS $0.46
AI Summary
Ares Management Corporation reported a significant increase in its first quarter 2026 financial results, with net income attributable to common stockholders surging by 437% to $117.3 million, and basic EPS rising to $0.46 from $0.00 in the prior year. Total revenues grew by 28.3% to $1.40 billion, primarily driven by a 21.1% increase in management fees and a substantial 405.3% rise in incentive fees. Despite strong revenue growth, net cash provided by operating activities decreased by 79.6% to $406.5 million.
Key Highlights
- Net income attributable to common stockholders increased 437% to $117.3 million.
- Basic earnings per share rose to $0.46 from $0.00 year-over-year.
- Total revenues grew 28.3% to $1.40 billion.
- Management fees increased 21.1% to $989.5 million.
- Incentive fees surged 405.3% to $161.9 million.
- Net cash provided by operating activities decreased 79.6% to $406.5 million.
- Debt obligations increased 11.3% to $4.39 billion as of March 31, 2026.