Ares Management (ARES) 10-K Summary — Year Ended Dec 31, 2024
Ares Management Corporation filed its annual report for the most recent fiscal year. The filing provides an overview of the company's business, risk factors, and financial condition.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Ares Management Corporation filed its annual report for the most recent fiscal year. The filing provides an overview of the company's business, risk factors, and financial condition.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$3.9B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$463.7M
Net income reported for the year.
Operating cash flow
$2.8B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $3.1B | n/a |
| Mar 31, 2023 | $813.4M | -73.4% |
| Dec 31, 2023 | $3.6B | +346.5% |
| Dec 31, 2024 | $3.9B | +7.0% |
Business overview
Ares Management Corporation is a global alternative investment manager. The company operates through multiple segments, including credit, private equity, real estate, and secondaries. Its business involves managing investment funds and accounts for a diverse client base.
Financial performance
Revenue increased compared to the prior year. Net income was reported for the period. Operating cash flow was substantial.
Material risks
The filing identifies risks related to market conditions, investment performance, and regulatory changes. The company's results may be affected by economic downturns or volatility in financial markets. Operational risks from cybersecurity and competition are also noted.
Liquidity and capital
Management believes liquidity is sufficient for foreseeable working capital needs. The company assesses liquidity in terms of its ability to generate cash for operating, investing, and financing activities.
What to watch
Readers should monitor changes in the company's assets under management and fee-related earnings in the next filing.