Ares Management (ARES) FY2025 10-K Annual Report

Filed: Feb 12, 2026
Health Care
Pharmaceutical PreparationsSEC EDGAR

Ares Management (ARES) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Ares Management FY2025 10-K Analysis

Business Overview

  • Core business model not detailed; filing references Zoetis corporate governance and proxy statements extensively
  • No new products, services, or segments introduced or emphasized in 2026 filing text
  • Strategic shifts or competitive positioning changes not disclosed in business section
  • No quantitative business metrics or operational data provided for 2026
  • Filing unusually focused on cross-references to proxy statements and governance documents, not on business operations or financial performance

Management Discussion & Analysis

  • Revenue $9,467M for 2025, up 2% YoY from $9,256M in 2024
  • Net income $2,673M, increased 8% from $2,486M in 2024; adjusted net income $2,847M, up 6% YoY
  • Operating segments: U.S. and International; best performing not specified, but U.S. and International product diversity provides stability
  • No specific cash flow or capital allocation ($ buybacks, dividends, capex) details provided in excerpt
  • Key risks: economic downturn, inflation impact on demand and collections; competition from generics causing 66% sales decline of Draxxin in U.S. since 2021

Risk Factors

  • Cybersecurity risk with potential uninsured costs despite cybersecurity insurance coverage
  • Dependency on third-party cloud infrastructure for critical information systems operations
  • Board Audit Committee oversight of cybersecurity risk management and material incident disclosures
  • Executive leadership includes IT veterans from Biogen and Eli Lilly enhancing cybersecurity governance
  • Periodic third-party cybersecurity assessments every 18 months to evaluate controls per NIST Cybersecurity Framework

Ares Management FY2025 Key Financial Metrics
XBRL

Revenue

$9.5B

+2.3% YoY

Net Income

$2.7B

+7.5% YoY

Net Margin

28.2%

+138bp YoY

ROE

80.2%

+2813bp YoY

Total Assets

$15.5B

+8.6% YoY

EPS (Diluted)

$6.02

+10.1% YoY

Operating Cash Flow

$2.9B

-1.7% YoY

Source: XBRL data from Ares Management FY2025 10-K filing on SEC EDGAR. All figures in USD.

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