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 Income (Loss)
(In thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | |||
| Management fees | $425,792 | $401,648 | $375,444 |
| Incentive fees | 123,502 | 106,237 | 64,903 |
| Other operating income | 8,271 | 6,127 | 4,652 |
| Total operating revenues | 557,565 | 514,012 | 444,999 |
| Expenses | |||
| Employee compensation and benefits | 319,332 | 336,236 | 356,044 |
| General, administrative and other | 104,779 | 104,296 | 100,801 |
| Total operating expenses | 424,111 | 440,532 | 456,845 |
| Operating income (loss) | 133,454 | 73,480 | (11,846) |
| Investment income | 16,258 | 15,589 | 11,640 |
| Interest expense | (22,789) | (24,160) | (23,745) |
| Other income | 6,283 | 1,334 | 1,008 |
| Change in fair value of warrant liabilities | 21,737 | (16,079) | 1,429 |
| Net other income (expense) | 21,489 | (23,316) | (9,668) |
| Income (loss) before income taxes | 154,943 | 50,164 | (21,514) |
| Provision for income taxes | 12,903 | 13,560 | 7,692 |
| Net income (loss) | 142,040 | 36,604 | (29,206) |
| Less: Net income attributable to noncontrolling interests in subsidiaries | 3,511 | 2,545 | 5,033 |
| Less: Net income (loss) attributable to noncontrolling interests in GCMH | 93,158 | 15,364 | (47,013) |
| Net income attributable to GCM Grosvenor Inc. | $45,371 | $18,695 | $12,774 |
| Earnings (loss) per share of Class A common stock: | |||
| Basic | $0.87 | $0.42 | $0.30 |
| Diluted | $0.42 | $0.03 | $(0.28) |
| Weighted average shares of Class A common stock outstanding : | |||
| Basic | 51,955,627 | 44,741,336 | 43,198,517 |
| Diluted | 197,288,510 | 190,590,041 | 187,433,763 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.