Short answer
Apollo Global Management (APO) filed its Q2 2025 10-Q quarterly report on Aug 7, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $6.8B (up 13.2% year over year) with net income of $630M.
Q2 2025 key financials · XBRL
- Revenue
- $6.8B
- +13.2% YoY · +22.8% QoQ
- Net income
- $630M
- −26.1% YoY · +42.5% QoQ
- EPS (diluted)
- $0.99
- −27.2% YoY · +45.6% QoQ
Source: XBRL data from the Apollo Global Management (APO) Q2 2025 10-Q on SEC EDGAR. USD.
Apollo Global Management Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No profitability or margin % changes reported in section
- Current assets declined to $2.143B from $2.545B Dec 2024; current liabilities rose to $894M from $521M
- Management notes $2.5B deferred purchase obligation on Atlas acquisition, reduced from $3.3B with related fee income adjustments, no liability recorded for guarantee
Risk Factors
- New regulatory risk: Athora transaction pending regulatory approval, with conditional $2.0B investment commitment subject to closing conditions
- Material update: Fund VIII escrow ratio below 115%, requiring escrow of current and future performance fee distributions until ratio restored
- Compliance risk: Tax receivable agreement requires 85% of tax savings cash payments to former partners, potentially impacting liquidity
- Operational risk: Athene's deferred annuity liabilities 84% subject to surrender penalties, with 68% containing market value adjustments affecting withdrawal behavior
- Financial risk: $12.7B unrestricted cash and $5.1B available credit facilities supporting liquidity, with long-term debt of $4.3B (asset mgmt) and $7.9B (Athene)
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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