GCM Grosvenor Inc
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
GCMG$13.92+3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Loss)
(In thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues | |||
| Management fees | $375,444 | $367,242 | $351,216 |
| Incentive fees | 64,903 | 75,167 | 173,853 |
| Other operating income | 4,652 | 4,121 | 6,523 |
| Total operating revenues | 444,999 | 446,530 | 531,592 |
| Expenses | |||
| Employee compensation and benefits | 356,044 | 277,311 | 333,837 |
| General, administrative and other | 100,801 | 88,907 | 88,351 |
| Total operating expenses | 456,845 | 366,218 | 422,188 |
| Operating income (loss) | (11,846) | 80,312 | 109,404 |
| Investment income | 11,640 | 10,108 | 52,495 |
| Interest expense | (23,745) | (23,314) | (20,084) |
| Other income | 1,008 | 1,436 | 3,394 |
| Change in fair value of warrant liabilities | 1,429 | 20,551 | 7,853 |
| Net other income (expense) | (9,668) | 8,781 | 43,658 |
| Income (loss) before income taxes | (21,514) | 89,093 | 153,062 |
| Provision for income taxes | 7,692 | 9,611 | 10,993 |
| Net income (loss) | (29,206) | 79,482 | 142,069 |
| Less: Net income attributable to redeemable noncontrolling interest | — | — | 19,827 |
| Less: Net income attributable to noncontrolling interests in subsidiaries | 5,033 | 6,823 | 36,912 |
| Less: Net income (loss) attributable to noncontrolling interests in GCMH | (47,013) | 52,839 | 63,848 |
| Net income attributable to GCM Grosvenor Inc. | $12,774 | $19,820 | $21,482 |
| Earnings (loss) per share of Class A common stock: | |||
| Basic | $0.30 | $0.45 | $0.49 |
| Diluted | $(0.28) | $0.28 | $0.28 |
| Weighted average shares of Class A common stock outstanding : | |||
| Basic | 43,198,517 | 43,872,300 | 43,765,651 |
| Diluted | 187,433,763 | 188,567,992 | 189,059,374 |
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