ValueQ4, 24Q1, 25Q2, 25Q3, 25Q4, 25TTMSelling/general/admin expenses199.12 M227.91 M232.16 M246.15 M289.85 M996.08 MResearch & development——————Operating income257.21 M-9.82 M-96.75 M-155.68 M309.11 M46.85 MNon-Operating Income, Total121.64 M66.56 M74.39 M302.86 M-49.63 M394.18 MInterest expense, net of interest capitalized——————Non-Operating Income, excl. Interest Expenses121.64 M66.56 M74.39 M302.86 M-49.63 M394.18 MUnusual income/expense——————Pretax income399.87 M141.04 M286.94 M652.27 M206.65 M1.29 BEquity in earnings716 K30.96 M19.7 M195.22 M73.4 M319.29 MTaxes49.86 M17.54 M60.96 M111.89 M8.15 M198.53 MNon-controlling/minority interest-902 K316 K-274 K1.8 M-490 K1.35 MAfter tax other income/expense——————Net income before discontinued operations177.32 M47.17 M137.06 M288.88 M54.25 M527.36 MDiscontinued operations——————Net income177.32 M47.17 M137.06 M288.88 M54.25 M527.36 MDilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders146.47 M11.06 M101.37 M252.95 M18.16 M383.54 MBasic earnings per share (Basic EPS)0.21.120.64-0.041.052.77Diluted earnings per share (Diluted EPS)——————Average basic shares outstanding——————Diluted shares outstanding——————EBITDA373.51 M27.48 M-44.05 M-103.38 M502.5 M382.55 MEBIT257.21 M-9.82 M-96.75 M-155.68 M309.11 M46.85 MCost of revenue——————Other cost of goods sold——————Depreciation & amortization (cash flow)116.3 M37.3 M52.7 M52.3 M193.4 M335.7 M
Ares Management Corporation 6.75% Series B Mandatory Convertibl
Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997, with additional offices across North America, Europe, and Asia.
As of November 20, 2025, Ares Management Corporation's global platform had approximately $596 billion of assets under management and 4,200 employees operating across North America, Europe, Asia Pacific and the Middle East.