ARESFinance & insurance
| Metric | Sep 2024 | Dec 2024* | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025* | Mar 2026 | Jun 2026 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Operations | |||||||||
| Revenue | $841.97M | $1.24B | $1.00B | $1.04B | $1.15B | $1.56B | $1.30B | $1.29B | ▲ +24.3% |
| Gross profitnever filed | — | — | — | — | — | — | — | — | — |
| Operating incomenever filed | — | — | — | — | — | — | — | — | — |
| Net income | $118.46M | $177.32M | $47.17M | $137.06M | $288.88M | $54.25M | $142.59M | $150.63M | ▲ +9.9% |
| R&Dnever filed | — | — | — | — | — | — | — | — | — |
| EPS (diluted)never filed | — | — | — | — | — | — | — | — | — |
| Margins (% of revenue) | |||||||||
| Gross | — | — | — | — | — | — | — | — | — |
| Operating | — | — | — | — | — | — | — | — | — |
| Net | 14.1 % | 14.3 % | 4.7 % | 13.2 % | 25.1 % | 3.5 % | 11.0 % | 11.6 % | ▼ -1.5 pt |
| Balance sheet | |||||||||
| Assets | $24.52B | $24.88B | $27.18B | $27.26B | $27.03B | $28.63B | $28.39B | $29.63B | ▲ +8.7% |
| Liabilities | $18.64B | $17.49B | $18.39B | $18.43B | $18.40B | $19.93B | $20.01B | $21.00B | ▲ +14.0% |
| Equity | $5.31B | $6.82B | $8.21B | $8.26B | $8.61B | $8.68B | $8.36B | $8.60B | ▲ +4.2% |
| Cash | — | — | — | — | — | — | — | — | — |
| Capital | |||||||||
| Shares outstanding | — | — | — | — | — | — | — | — | — |
| Public floatexcluding insiders | — | — | — | — | — | — | — | — | — |
* No 10-Q is filed for a fourth quarter: these amounts are the fiscal year minus the first three quarters, all filed. EPS stays blank — dilution doesn't subtract.