Ares Management (ARES) Q3 2025 10-Q Quarterly Report
Ares Management (ARES) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Ares Management Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $2.40B, up 1% YoY (+$12M); nine months revenue $7.08B, up 2% YoY (+$141M) with 3% operational growth
- • Operating margin U.S. 83.2% vs 80.8% YoY Q3; International 68.6% vs 68.6% flat Q3; Nine months U.S. 83.7% vs 81.5%, Intl 69.8% vs 68.1%
- • Best performing: U.S. companion animal revenue +$1M Q3, +$172M nine months; Worst performing: U.S. livestock revenue down $25M Q3, $128M nine months due to MFA divestiture
- • Cash and equivalents $2.08B Sept 30, 2025 vs $1.99B Dec 31, 2024; Operating cash flow $2.01B for nine months (-$37M YoY); Capital expenditures increase led investing cash use $582M vs $441M
- • Near-term risks: US and global tariffs, disease outbreaks impacting livestock demand, foreign exchange headwinds, inflation; management maintains liquidity and debt covenant compliance; $4.5B share repurchase authorization remaining
Risk Factors
- • New risk: Impact of dynamic and unpredictable new tariffs and trade restrictions on costs and supply chains triggered by recent foreign trade policy changes
- • Most updated risk: Increased supply chain disruptions and labor/material cost volatility due to evolving tariffs and geopolitical tensions affecting third-party suppliers
- • Regulatory risk: Complex international sanctions compliance with example of prior OFAC investigation and July 2023 No Action letter concluding no further penalties
- • Operational risk: Potential supply shortages from sole-source third-party suppliers amid escalating trade disputes and import/export restrictions disrupting production
- • Financial risk: Exposure to rising manufacturing costs and inability to pass on full cost increases to customers could materially reduce operating results and financial condition
Ares Management Q3 2025 Quarterly FinancialsXBRL
Revenue
$2.4B
▲ +0.5% YoY▼ -2.4% QoQ
Net Income
$721M
▲ +5.7% YoY▲ +0.4% QoQ
Net Margin
30.0%
▲ +148bp YoY▲ +85bp QoQ
Source: XBRL data from Ares Management Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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