ARES MANAGEMENT CORPORATION FY 2025 10-K, explained in plain English

Key financials — as reported

Total revenue	$5.6B
Gross margin	— not reported
Operating income	— not reported
Net income	$527.4M
Diluted EPS	— not reported
Cash & equivalents	— not reported
Total assets	$28.6B
Long-term debt	— not reported

Key takeaway

Ares generated $5.60B in revenue but net income attributable to the company was $527M, with a much larger $834M in consolidated profit/loss split with noncontrolling interests.

🔒 4 more takeaways in the full analysis

Beneath the surface

Net income attributable to common stockholders was just $426M (basic) and $384M (diluted), far below the $834M total profit/loss figure, showing a large share of earnings flows to noncontrolling interests rather than shareholders.

🔒 3 more insights a headline reader would miss