COHEN & STEERS, INC. (CNS) FY2025 10-K Annual Report
COHEN & STEERS, INC. (CNS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 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.
COHEN & STEERS, INC. FY2025 10-K Analysis
Business Overview
- • Core business: Asset management with focus on real estate, preferred securities, and infrastructure investment strategies
- • New emphasis on growing Global Listed Infrastructure AUM, increased 30.3% to $11.5 billion in 2025 from $8.8 billion in 2024
- • Strategic shift: Fund launch and UTF rights offering in 2025 contributed $621M net inflows to closed-end funds, indicating capital raising and product expansion
- • AUM increased 5.5% to $90.5B driven by $1.5B net inflows and $6.1B market appreciation, despite $2.9B distributions
- • Noteworthy: Operating margin decreased to 32.0% from 33.4% in prior year, impacted by $11.5M UTF rights offering costs and higher expenses despite revenue growth
Management Discussion & Analysis
- • Revenue and profitability details not disclosed in provided text
- • No segment performance data available in the excerpt
- • Cash flow, buybacks, dividends, and capital expenditure not mentioned
- • Forward-looking statements include risks and uncertainties but no specific guidance or outlook provided
Risk Factors
- • Key-person dependency on CISO with 25+ years cybersecurity experience and FINRA Series 99 registration
- • Audit committee oversees cybersecurity program and cyber insurance coverage, reviewing at least annually
- • No material cybersecurity incidents reported as of December 31, 2025 impacting operations or financial condition
COHEN & STEERS, INC. FY2025 Key Financial MetricsXBRL
Revenue
$556M
▲ +7.5% YoY
Net Income
$153M
▲ +1.3% YoY
Operating Margin
32.0%
▼ -145bp YoY
Net Margin
27.6%
▼ -168bp YoY
ROE
27.3%
▼ -230bp YoY
Total Assets
$877M
▲ +7.9% YoY
EPS (Diluted)
$2.97
▼ 0.0% YoY
Operating Cash Flow
-$120M
▼ -224.6% YoY
Source: XBRL data from COHEN & STEERS, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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