Short answer
KKR & Co. (KKR) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $5.5B (up 15.3% year over year) with net income of $900M.
Q3 2025 key financials · XBRL
- Revenue
- $5.5B
- +15.3% YoY · +8.6% QoQ
- Net income
- $900M
- +49.9% YoY · +76.5% QoQ
Source: XBRL data from the KKR & Co. (KKR) Q3 2025 10-Q on SEC EDGAR. USD.
KKR & Co. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $5.53B, up $734M YoY; Asset Management/Strategic Holdings revenue down $525M, Insurance revenue up $1.26B vs Q3 2024
- Net income $900M attributable to KKR common stockholders, up $259M YoY; compensation expense down by $420M, policy benefits up $654M
- Best performing segment: Insurance revenue $3.78B (+50%), net investment income +$268M, net investment-related gains $352M vs losses in prior year
- Worst performing segment: Capital Allocation-Based Income down $525M in Asset Management due to lower carried interest and capital income
- Cash and capital deployment stable; lower interest expense on insurance debt by $6.4M; management expects ongoing volatility from geopolitical risks and evolving economic conditions
Risk Factors
- No new or changed risk factors from 2024 10-K per 10-Q disclosure
- Carried-forward regulatory risk: potential adverse impact from evolving SEC regulations on private fund disclosures
- Operational risk: market volatility affecting asset valuations and carried interest revenue recognition
- Competitive risk: intensified competition for fundraising impacting capital raising capabilities
- Financial risk: reliance on liquidity from credit facilities and debt maturing within next 12 months
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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