ARES Ares Management
FY2025 10-K
Ares Management (ARES) filed its fiscal year 2025 10-K annual report with the SEC on Feb 25, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Global alternative asset manager with $622.5B AUM across Credit ($406.9B), Real Assets ($139.1B), Secondaries ($42.1B), and Private Equity ($25.3B)
- • GCP Acquisition (completed March 1, 2025) added logistics and digital infrastructure capabilities, expanding geographic presence into GLP's international markets
Management Discussion & Analysis
- • Total revenues $5.60B, up 44% YoY (+$1.72B), driven by management fees +25% to $3.68B and carried interest surge to $1.15B from $390M
- • FRE $1.78B vs $1.36B; RI $1.85B vs $1.47B; no consolidated operating margin disclosed, but net income attributable to AMC $527M vs $464M (+14%)
Risk Factors
- • FSOC non-bank SIFI designation risk under Dodd-Frank Act — if designated, triggers Federal Reserve capital, leverage, and stress-test requirements designed for banks
- • Direct lending AUM = 44% of total AUM as of Dec 31, 2025 — concentrated exposure to credit market downturns and rising regulatory scrutiny of private credit
Financial SummaryXBRL
Revenue
$5.6B
Net Income
$527M
Net Margin
9.4%
ROE
12.3%
Total Assets
$28.6B
Operating Cash Flow
$3.3B
Source: XBRL data from Ares Management FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other Ares Management Annual Reports
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