GCM Grosvenor Inc. GCMG
Over our 54-year history we have prided ourselves on our client-centric approach to alternative asset management. As a leading global solutions provider, we invest across all major alternative investment strategies and are highly flexible in how we structure our solutions, so that we can work to meet each client's specific needs. As of December 31, 2025, we had $90.9 billion in AUM.
Our central objectives are to provide our clients with choice, deliver innovative alternative investment offerings and generate competitive risk-adjusted returns. We partner with our institutional and individual clients to invest on their behalf across the private and public markets, either through portfolios customized to meet a client's specific objectives or through specialized funds that are developed to meet broad market demands for strategies and risk-return objectives. Our clients include large, sophisticated, global institutional investors and a growing individual investor client base. In both cases, our clients rely on our investment expertise and differentiated, diversified investment sourcing to navigate the alternatives market. As one of the pioneers of customized separate account solutions, we are equipped to provide investment services to clients with a wide variety of needs, internal resources and investment objectives, and our client relationships are deep and frequently span decades.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $557.6M | $514.0M | $445.0M | $446.5M | $531.6M | $430.0M | $416.4M | $378.5M | — |
| SG&A | $104.8M | $104.3M | $100.8M | $88.9M | $88.4M | $84.6M | $88.5M | $93.0M | — |
| Total operating expenses | $424.1M | $440.5M | $456.8M | $366.2M | $422.2M | $473.1M | $331.4M | $303.4M | — |
| Operating income | $133.5M | $73.5M | -$11.8M | $80.3M | $109.4M | -$43.1M | $85.0M | $75.1M | — |
| Interest expense | $22.8M | $24.2M | $23.7M | $23.3M | $20.1M | $23.4M | $25.7M | $26.5M | — |
| Pre-tax income | $154.9M | $50.2M | -$21.5M | $89.1M | $153.1M | -$78.7M | $62.3M | $65.1M | — |
| Income tax | $12.9M | $13.6M | $7.7M | $9.6M | $11.0M | $4.5M | $2.3M | $1.4M | — |
| Net income | $45.4M | $18.7M | $12.8M | $19.8M | $21.5M | $4.0M | $0 | $60.0M | — |
| EPS, basic | 0.87 | 0.42 | 0.30 | 0.45 | 0.49 | 0.10 | 0.00 | 0.00 | — |
| EPS, diluted | 0.42 | 0.03 | -0.28 | 0.28 | 0.28 | -0.58 | 0.00 | 0.00 | — |
| Shares, diluted (wtd. avg.) | 197.3M | 190.6M | 187.4M | 188.6M | 189.1M | 184.2M | 0 | 0 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $242.1M | $89.5M | $44.4M | $85.2M | $96.2M | $198.1M | $79.9M | $68.1M | $97.1M |
| Property, plant and equipment | $29.9M | $22.7M | $7.4M | $4.6M | $5.4M | $7.9M | $8.9M | — | — |
| Goodwill | $29.0M | $29.0M | $29.0M | $29.0M | $29.0M | $29.0M | $29.0M | — | — |
| Other intangibles | $0 | $1.3M | $2.6M | $3.9M | $6.3M | $8.6M | $16.1M | — | — |
| Total assets | $813.8M | $612.7M | $504.9M | $488.9M | $581.6M | $632.3M | $373.2M | — | — |
| Long-term debt | $428.4M | $432.0M | $384.7M | $387.6M | $390.5M | $335.2M | $448.5M | — | — |
| Total liabilities | $686.3M | $703.1M | $616.2M | $582.9M | $637.4M | $599.3M | $587.0M | — | — |
| Retained earnings | -$16.3M | -$35.0M | -$32.2M | -$23.9M | -$26.2M | -$29.8M | — | — | — |
| Total equity | $27.0M | -$27.6M | -$111.2M | -$94.0M | -$55.8M | -$82.2M | — | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $183.5M | $148.8M | $92.1M | $216.5M | $178.8M | $68.2M | $96.2M | $117.0M | — |
| Depreciation and amortisation | $4.4M | $3.3M | $2.7M | $3.9M | $4.0M | $9.8M | $10.3M | $11.7M | — |
| Capital expenditure | $8.5M | $16.7M | $3.8M | $782.0K | $577.0K | $1.3M | $4.0M | $868.0K | — |
| Investing cash flow | -$26.5M | -$31.8M | -$18.8M | -$10.1M | -$28.1M | -$5.5M | $6.1M | $8.0M | — |
| Financing cash flow | -$4.9M | -$70.4M | -$113.7M | -$215.1M | -$251.3M | $54.8M | -$90.9M | -$153.8M | — |
| Buybacks | $30.7M | $0 | $4.5M | $26.4M | $887.0K | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016693.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $378.5M | $416.4M | $430.0M | $531.6M | $446.5M | $445.0M | $514.0M | $557.6M |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Net income | — | $60.0M | $0 | $4.0M | $21.5M | $19.8M | $12.8M | $18.7M | $45.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote Item 5.07
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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