Ares Management (ARES) 10-K Summary — Year Ended Dec 31, 2025
The filing covers Ares Management Corporation's annual report for the most recent fiscal year. The company disclosed its business operations, risk factors, and financial results.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
The filing covers Ares Management Corporation's annual report for the most recent fiscal year. The company disclosed its business operations, risk factors, and financial results.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$5.6B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$527.4M
Net income reported for the year.
Operating cash flow
$3.3B
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 |
|---|---|---|
| Mar 31, 2023 | $813.4M | -73.4% |
| Dec 31, 2023 | $3.6B | +346.5% |
| Dec 31, 2024 | $3.9B | +7.0% |
| Dec 31, 2025 | $5.6B | +44.2% |
Business overview
The company's business is described in the business overview section of the filing, outlining its operations as an asset manager. The filing also includes a management discussion and analysis and liquidity discussion.
Financial performance
Revenue increased over the reported period, net income was positive, and operating cash flow was substantial. The financial metrics indicate a strong performance year.
Material risks
The filing identifies risk factors in its risk factors section, including market, investment, and regulatory risks. These factors could affect the company's future results.
Liquidity and capital
Management believes liquidity is sufficient for foreseeable working capital needs, as stated in the liquidity and capital resources discussion.
What to watch
The next filing should be monitored for any changes in the revenue trend.