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Ares Management Corporation Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Ares Management Corporation holds $28.4B in total assets. Shareholders' equity is $4.0B against $730.1M in total debt. Cash and equivalents total $568.8M. Based on the Q1 2026 filing.

Total Assets$28.4BTotal Stockholders Equity$4.0BCash And Equivalents$568.8M
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$30.0B
P/E Ratio48.10
ROE14.69%

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.9B$4B$4.1B$4.2B$4.2B$4.2B
Accumulated other comprehensive income (loss)-$17.8M$24.3M$32.2M$29.8M$21.7M$14M
Retained earnings-$837.3M-$1.1B-$1.2B-$1.2B-$1.5B-$1.7B
Shares Reserved for Future Issuance Under Stock Plans313.2M326.5M326.7M326.9M327M329.8M
Total liabilities and stockholders' equity$24.9B$27.2B$27.3B$27B$28.6B$28.4B
Total stockholders' equity$3.5B$4.5B$4.4B$4.5B$4.3B$4B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash and cash equivalents$1.5B$618.5M$509.7M$496.7M$488.9M$568.8M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$241.9M$281.7M$330.8M$289.1M$352.3M$387.7M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$46.2M———$113M—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)$62.9M———$112.7M—
Finite Lived Intangible Assets - Gross$801.9M$1.4B$1.4B$1.3B$1.3B$1.2B
Goodwill$1.2B$3.5B$3.4B$3.4B$3.5B$3.5B
Intangible Assets Gross (Excluding Goodwill)$975.8M$2.3B$2.2B$2.2B$2.1B$2.1B
Intangible assets, net$408M$959.4M$902.7M$848.8M$798.4M$777.4M
Intangible assets — net$408M$959.4M$902.7M$848.8M$798.4M$777.4M
Operating lease right-of-use assets5.8%5.8%5.8%5.8%5.8%5.8%
Accumulated depreciation$393.1M$400.8M$454.4M$498.8M$550.3M$456.7M
Total assets$24.9B$27.2B$27.3B$27B$28.6B$28.4B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Guarantor Obligations - Maximum Exposure$1.1M$7.4M$96M$183.5M$7.1M$7M
Indemnification Liability Maximum Exposure$1.1M$7.4M$96M$183.5M$7.1M$7M
Carried interest, contingent repayment obligations$0$0$0$0$0$0
Deferred Tax Assets, Net$241.9M$281.7M$330.8M$289.1M$352.3M$387.7M
Finite-Lived Intangible Assets, Accumulated Amortization$393.1M$400.8M$454.4M$498.8M$550.3M$456.7M
2028$81.5M———$174.3M—
2030$46.2M———$113M—
2031$39.9M———$70.4M—
2027$107.3M———$184.9M—
2029$70.2M———$143.2M—
Finite Lived Intangible Assets Amortization Expense After Year Five$62.9M———$112.7M—
Foreign currency translation-$789K$7.7M$4.5M$5.8M$6.9M$5.8M
Gross Carrying Amount$801.9M$1.4B$1.4B$1.3B$1.3B$1.2B
Finite-Lived Intangible Assets, Net Of Foreign Currency Translation$801.1M$1.4B$1.4B$1.3B$1.3B$1.2B
Value of financial guarantee (up to)$1.1M$7.4M$96M$183.5M$7.1M$7M
Indefinite- lived intangible impairment$975.8M$2.3B$2.2B$2.2B$2.1B$2.1B
Investment Owned Balance Shares$313.2M$326.5M$326.7M$326.9M$327M$329.8M
Lessee Operating Lease Liability Payments Due$1B$1.1B$1B$1B$1B$1.1B
Thereafter—$713.5M$714.9M$714.9M—$725.7M
Lessee Operating Lease Liability Undiscounted Excess Amount$370.7M$370.2M$360.2M$358.4M$344M$374.5M
Operating Lease Weighted Average Discount Rate Percent$0.1$0.1$0.1$0.1$0.1$0.1
Fully depreciated fixed assets disposed$71.5M———$8.7M—
Unfunded capital commitments$1.5B$1.6B$1.6B$1.5B$1.2B$1.5B
Unrecognized tax benefits$0———$0—
Remainder of Fiscal Year 2024—$49.2M$33.4M$22.3M—$58M

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lease Liability Payments - 2020 (Remaining Three Months)—$49.2M$33.4M$22.3M—$58M
Operating Lease Liability Payments - 2024 (Lessee)$61.2M$68.3M$69.6M$69.1M$69.7M$85.6M
Operating Lease Liability Payments - 2025 (Lessee)$69.9M$72.4M$73.4M$73.4M$74M$80.2M
Lease Liability Payments - Due Year Two$61.2M$68.3M$69.6M$69.1M$69.7M$85.6M
Lease Liability Payments - Due Year Three$56.5M$78.4M$79.3M$79.2M$79.8M$81.9M
Lease Liability Payments - Due Year Four$69.9M$72.4M$73.4M$73.4M$74M$80.2M
Lease Liability Payments - Remainder of Fiscal Year$56.1M$74.4M$76.1M$75.8M$72.6M$73.2M
Operating lease liabilities, current$641.9M$686M$686.7M$676.4M$670M$730.1M
Operating Lease Liability Payments Due$1B$1.1B$1B$1B$1B$1.1B
Operating Lease Liability - Undiscounted Excess Amount$370.7M$370.2M$360.2M$358.4M$344M$374.5M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating Lease Liability Payments - 2027 (Lessee)$64.9M$78.4M$79.3M$79.2M$72.4M$81.9M
Operating Lease Liability Payments - 2028 (Lessee)$69.9M$72.4M$73.4M$73.4M$74M$80.2M
Operating Lease Liabilities (Total)$641.9M$686M$686.7M$676.4M$670M$730.1M
Total liabilities$17.5B$18.4B$18.4B$18.4B$19.9B$20B
Unrecognized Tax Benefits$0———$0—