COHEN & STEERS, INC.
For the period ended Jun 30, 2026. Filed Jul 31, 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.
Jun 30, 2026 · Filed Jul 31, 2026
Contents
Condensed Consolidated Statements of Financial Condition (Unaudited)
(in thousands, except share data)
| June 30,2026 | December 31,2025 | |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $59,154 | $145,452 |
| Investments ($157,089 and $116,303) (1) | 553,044 | 436,485 |
| Accounts receivable | 83,541 | 79,775 |
| Due from brokers ($220 and $90) (1) | 945 | 1,865 |
| Property and equipment—net | 60,797 | 65,068 |
| Operating lease right-of-use assets—net | 94,521 | 97,342 |
| Goodwill and intangible assets—net | 19,752 | 20,040 |
| Other assets ($1,470 and $986) (1) | 29,225 | 30,667 |
| Total assets | $900,979 | $876,694 |
| Liabilities: | ||
| Accrued compensation and benefits | $43,945 | $80,614 |
| Distribution and service fees payable | 8,265 | 8,623 |
| Operating lease liabilities | 134,390 | 138,326 |
| Income tax payable | 1,748 | 1,650 |
| Due to brokers ($715 and $318) (1) | 1,942 | 319 |
| Other liabilities and accrued expenses ($460 and $673) (1) | 15,321 | 13,314 |
| Total liabilities | 205,611 | 242,846 |
| Commitments and contingencies (See Note 11) | ||
| Redeemable noncontrolling interests | 41,104 | 22,805 |
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 500,000,000 shares authorized; 58,924,795 shares issued and 51,416,875 shares outstanding at June 30, 2026 and 58,275,965 shares issued and 51,032,114 shares outstanding at December 31, 2025 | 589 | 583 |
| Additional paid-in capital | 1,017,499 | 992,948 |
| Accumulated deficit | (85,063) | (105,806) |
| Accumulated other comprehensive loss | (5,354) | (4,657) |
| Treasury stock, at cost, 7,507,920 and 7,243,851 shares at June 30, 2026 and December 31, 2025, respectively | (338,296) | (321,115) |
| Total stockholders’ equity attributable to Cohen & Steers, Inc. | 589,375 | 561,953 |
| Nonredeemable noncontrolling interests | 64,889 | 49,090 |
| Total stockholders’ equity | 654,264 | 611,043 |
| Total liabilities, redeemable noncontrolling interests and stockholders’ equity | $900,979 | $876,694 |
(1)Amounts in parentheses represent balances attributable to certain consolidated investment vehicles that are considered variable interest entities (VIEs) at June 30, 2026 and December 31, 2025. 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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