← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Ares scaled revenue and AUM, but net margin compressed and stock compensation jumped.
The read at a glance✓ Audited against SEC data
- Growth — Revenue +44.2% to $5.60BOK
- Profitability — Net income +13.7% to $0.53BNote
- Cash quality — Operating cash flow +17.0%OK
- Margins — Net margin -253 bpsWatch
- Compensation — Stock-based comp +109.9%Watch
- Insiders — 2 open-market buys / 33 sellsWatch
Business
Ares is a global alternative investment manager with $622.5B of assets under management across Credit, Real Assets, Secondaries, Private Equity, insurance, strategic investments, venture capital, and other initiatives.
Where the revenue comes from
Fiscal 2025, as Ares Management Corp reports it. History and quarterly detail are in the app.
- Management fees$3.7B
- Carried interest$1.2B
- Incentive fees$362.5M
- Administrative, transaction and other fees$356.4M
- Fee related performance revenues$301.3M
Leadership changes
From Ares Management Corp's own filings, the day they're filed.
- R. Kipp · President · departureeff. 2025-02-05
- Blair Jacobson · President · departureeff. 2025-02-05
- Chicago Booth School · President · appointment
Latest filings
- 10-Q · Quarterly report2026-08-07
- 8-K · Company announcement2026-07-31
- 8-K · Company announcement2026-07-10
- 8-K · Company announcement2026-06-11
- 8-K · Company announcement2026-05-28
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Ares Management Corp, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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