Ares Management Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,438	1,448	2,735	1,498	1,115	1,393
Cash & Short-Term Investments	1,438	1,448	2,735	1,498	1,115	1,393
Cash Growth	-20.23%	-47.07%	82.63%	34.38%	-19.98%	31.13%
Accounts Receivable	95.08	228.44	202.78	146.85	124.05	281.13
Other Receivables	1,348	1,420	1,057	896.75	774.26	677.62
Total Current Assets	2,881	3,097	3,995	2,541	2,013	2,352
Net Property, Plant & Equipment	564.57	517.35	511.32	249.33	155.95	167.65
Other Intangible Assets	2,142	2,116	975.83	1,059	1,208	1,423
Goodwill	3,463	3,454	1,163	1,124	999.66	787.97
Long-Term Investments	18,229	18,353	17,383	19,227	17,179	16,501
Other Long-Term Assets	1,116	1,096	857.05	530.8	446.71	374.19
Total Assets	28,395	28,633	24,884	24,731	22,003	21,605
Accounts Payable	1,626	1,475	1,019	907.52	714.4	1,501
Accrued Expenses	3,441	3,424	2,818	2,802	2,792	2,501
Other Current Liabilities	796.8	810.41	500.48	243.81	256.84	198.55
Total Current Liabilities	5,864	5,710	4,338	3,953	3,764	4,201
Long-Term Debt	13,418	13,552	12,506	15,436	13,144	12,289
Long-Term Leases	730.13	670	641.86	319.57	190.62	205.08
Total Long-Term Liabilities	14,148	14,222	13,148	15,756	13,334	12,494
Total Liabilities	20,012	19,932	17,486	19,709	17,098	16,695
Preferred Stock	1,460	1,460	1,459	-	-	-
Common Stock	3.3	3.27	3.13	3.08	2.95	2.91
Additional Paid-in Capital	4,205	4,243	2,937	2,391	1,971	1,914
Accumulated Other Comprehensive Income	13.99	21.74	-17.76	-5.63	-14.99	-1.86
Retained Earnings	-1,657	-1,452	-837.29	-495.08	-369.48	-89.38
Total Common Shareholders' Equity	4,025	4,275	3,544	1,893	1,589	1,825
Minority Interest	4,358	4,426	3,855	3,128	2,181	3,085
Shareholders' Equity	8,383	8,701	7,398	5,021	3,770	4,910
Total Liabilities & Equity	28,395	28,633	24,884	24,731	22,003	21,605
Total Debt	14,148	14,222	13,148	15,756	13,334	12,494
Net Cash (Debt)	-12,710	-12,774	-10,413	-14,258	-12,220	-11,101
Net Cash Per Share	-57.51	-58.77	-52.57	-72.83	-69.62	-61.64
Book Value	4,025	4,275	3,544	1,893	1,589	1,825
Book Value Per Share	18.22	19.67	17.89	9.67	9.05	10.13
Tangible Book Value	-1,580	-1,294	1,405	-289.07	-618.64	-385.56
Tangible Book Value Per Share	-7.15	-5.96	7.09	-1.48	-3.52	-2.14

Updated May 8, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q