COHEN & STEERS, INC.
For the period ended Mar 31, 2026. Filed May 1, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 1, 2026
Contents
Condensed Consolidated Statements of Financial Condition (Unaudited)
(in thousands, except share data)
| March 31,2026 | December 31,2025 | |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $53,094 | $145,452 |
| Investments ($145,975 and $116,303) (1) | 507,674 | 436,485 |
| Accounts receivable | 88,602 | 79,775 |
| Due from brokers ($488 and $90) (1) | 2,567 | 1,865 |
| Property and equipment—net | 62,286 | 65,068 |
| Operating lease right-of-use assets—net | 95,866 | 97,342 |
| Goodwill and intangible assets—net | 19,835 | 20,040 |
| Other assets ($1,172 and $986) (1) | 24,805 | 30,667 |
| Total assets | $854,729 | $876,694 |
| Liabilities: | ||
| Accrued compensation and benefits | $20,450 | $80,614 |
| Distribution and service fees payable | 7,891 | 8,623 |
| Operating lease liabilities | 136,323 | 138,326 |
| Income tax payable | 5,674 | 1,650 |
| Due to brokers ($274 and $318) (1) | 806 | 319 |
| Other liabilities and accrued expenses ($1,224 and $673) (1) | 16,615 | 13,314 |
| Total liabilities | 187,759 | 242,846 |
| Commitments and contingencies (See Note 11) | ||
| Redeemable noncontrolling interests | 43,671 | 22,805 |
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 500,000,000 shares authorized; 58,906,042 shares issued and 51,402,576 shares outstanding at March 31, 2026 and 58,275,965 shares issued and 51,032,114 shares outstanding at December 31, 2025 | 589 | 583 |
| Additional paid-in capital | 1,004,985 | 992,948 |
| Accumulated deficit | (98,910) | (105,806) |
| Accumulated other comprehensive loss | (5,380) | (4,657) |
| Treasury stock, at cost, 7,503,466 and 7,243,851 shares at March 31, 2026 and December 31, 2025, respectively | (337,933) | (321,115) |
| Total stockholders’ equity attributable to Cohen & Steers, Inc. | 563,351 | 561,953 |
| Nonredeemable noncontrolling interests | 59,948 | 49,090 |
| Total stockholders’ equity | 623,299 | 611,043 |
| Total liabilities, redeemable noncontrolling interests and stockholders’ equity | $854,729 | $876,694 |
(1)Amounts in parentheses represent the aggregate balances as of March 31, 2026 and December 31, 2025 attributable to variable interest entities (VIEs) consolidated by the Company. The assets may only be used to settle obligations of each VIE and the liabilities are the sole obligation of each VIE, for which creditors do not have recourse to the general credit of the Company.
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