GCM Grosvenor Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
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 Financial Condition
(In thousands, except share and per share amounts)
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Cash and cash equivalents | $242,116 | $89,454 |
| Management fees receivable | 23,937 | 28,387 |
| Incentive fees receivable | 73,860 | 58,346 |
| Due from related parties | 14,606 | 12,681 |
| Investments | 275,313 | 257,807 |
| Premises and equipment, net | 29,888 | 22,683 |
| Lease right-of-use assets | 40,016 | 41,146 |
| Intangible assets, net | — | 1,314 |
| Goodwill | 28,959 | 28,959 |
| Deferred tax assets, net | 56,711 | 51,160 |
| Other assets | 28,356 | 20,794 |
| Total assets | 813,762 | 612,731 |
| Liabilities and Equity (Deficit) | ||
| Accrued compensation and employee related obligations | 108,146 | 112,519 |
| Debt | 428,435 | 432,039 |
| Payable to related parties pursuant to the tax receivable agreement | 54,636 | 51,429 |
| Lease liabilities | 51,794 | 53,876 |
| Warrant liabilities | — | 22,510 |
| Accrued expenses and other liabilities | 43,319 | 30,697 |
| Total liabilities | 686,330 | 703,070 |
| Commitments and contingencies (Note 16) | ||
| Preferred stock, $0.0001 par value, 100,000,000 shares authorized; none issued | — | — |
| Class A common stock, $0.0001 par value, 700,000,000 authorized; 60,721,681 and 44,899,246 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 6 | 4 |
| Class B common stock, $0.0001 par value, 500,000,000 authorized; none issued | — | — |
| Class C common stock, $0.0001 par value, 300,000,000 authorized; 141,665,831 and 144,235,246 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 14 | 14 |
| Additional paid-in capital | 44,004 | 5,752 |
| Accumulated other comprehensive income (loss) | (770) | 1,650 |
| Retained earnings | (16,262) | (35,040) |
| Total GCM Grosvenor Inc. equity (deficit) | 26,992 | (27,620) |
| Noncontrolling interests in subsidiaries | 44,006 | 52,233 |
| Noncontrolling interests in GCMH | 56,434 | (114,952) |
| Total equity (deficit) | 127,432 | (90,339) |
| Total liabilities and equity (deficit) | $813,762 | $612,731 |
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