GCM Grosvenor - CL | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 134.97 M

Revenue: As of FY2025 Q3, the actual value is USD 134.97 M, beating the estimate of USD 126.7 M.

EPS: As of FY2025 Q3, the actual value is USD 0.16.

EBIT: As of FY2025 Q3, the actual value is USD 48.8 M.

Segment Revenue

• Private Markets Strategies: Revenue for the three months ended September 30, 2025, was $62.3 million, compared to $57.9 million for the same period in 2024. For the nine months ended September 30, 2025, revenue was $188.7 million, compared to $172.3 million in 2024.
• Absolute Return Strategies: Revenue for the three months ended September 30, 2025, was $39.2 million, compared to $37.2 million for the same period in 2024. For the nine months ended September 30, 2025, revenue was $115.3 million, compared to $111.2 million in 2024.

Operational Metrics

• Operating Income: For the three months ended September 30, 2025, operating income was $44.2 million, compared to $25.0 million for the same period in 2024. For the nine months ended September 30, 2025, operating income was $78.7 million, compared to $29.9 million in 2024.
• Net Income: For the three months ended September 30, 2025, net income was $45.1 million, compared to $12.1 million for the same period in 2024. For the nine months ended September 30, 2025, net income was $83.9 million, compared to $6.2 million in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $155.1 million, compared to $110.7 million for the same period in 2024.
• Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was - $14.5 million, compared to - $25.1 million for the same period in 2024.
• Net Cash Used in Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was - $48.3 million, compared to - $31.5 million for the same period in 2024.

Unique Metrics

• Fee-Paying AUM: As of September 30, 2025, fee-paying AUM was $70.2 billion, compared to $64.8 billion as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue expanding its business through new lines of business and geographic markets, focusing on retaining existing investors and attracting new ones.
• Non-Core Business: The company is exploring opportunities in sustainable and impact investing, aiming to expand its offerings in this emerging segment.

Priority

• Strategic Growth: The company emphasizes growth in fee-paying AUM and management fees, with a focus on increasing contributions and market value.