KKR & (KKR) 10-K Summaries & Annual Filing History
Review KKR & Co. Inc. (KKR) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
KKR is a global alternative asset manager. The company's revenue declined in the most recent year after several years of growth, and net income remained positive.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$19.5B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2.4B
Net income reported for the year.
Operating cash flow
$477.8M
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 | $5.7B | -64.8% |
| Dec 31, 2023 | $14.5B | +154.2% |
| Dec 31, 2024 | $21.9B | +50.9% |
| Dec 31, 2025 | $19.5B | -11.0% |
Business overview
KKR & Co. Inc. is an investment firm that manages a diversified portfolio of alternative assets across private equity, credit, real estate, and infrastructure. The company generates management fees and investment income from its funds and balance sheet investments.
Financial performance
Revenue decreased compared to the prior year following a period of strong growth. Net income was positive, though not as large as revenue. Operating cash flow was sufficient to fund ongoing operations.
Material risks
The filing identifies risks related to market volatility, economic downturns, and regulatory changes that could affect investment performance and fee income. There are also risks specific to the firm's investment strategies and leverage.
Liquidity and capital
The company uses its operating cash flow and available capital to invest in funds and support its business activities. No explicit share repurchase or dividend policy is detailed in the supplied context.
What to watch
Investors should monitor the revenue trajectory and the ability to maintain or grow fee-generating assets under management in the next filing.