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The Carlyle Group CG Principal investment income (loss) — Performance revenues

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Other financials

Income statement

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Revenue$254.0M-73.9%
Net income-$132.2M-202%
EPS (diluted)-$0.37-206%

Balance sheet

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Cash & equivalents$1.7B+40.3%
Total debt$466.8M-6.8%
Total equity$7.4B+15.5%
Total assets$29.8B+23.8%

Cash flow

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Operating cash flow-$1.2B-253%
CapEx$28.1M+68.3%
Free cash flow-$1.3B-244%

Valuation

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Market cap$17.94B-20.5%
Enterprise value$16.73B-23.3%
P/E32.8×+14.9×
P/S4.4×+0.8×

Profitability

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Net margin13.5%-5.5pp
FCF margin-105.3%

Returns & leverage

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Return on equity7.9%-9.9pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by The Carlyle Group in its filing.

Tagged under the XBRL concept us-gaap:RevenueNotFromContractWithCustomer.

The source filing: The Carlyle Group’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001527166-26-000027
Line itemConsolidated Operating EntitiesConsolidated FundsEliminationsConsolidated
Incentive fees51.751.7
Investment income (loss)
Performance allocations(680.0)(1.1)(681.1)
Principal investment income (loss)(5.2)69.664.4
Total investment loss(685.2)68.5(616.7)
Interest and other income63.1(7.8)55.3
Interest and other income of Consolidated Funds179.7179.7
Total revenues25.6179.748.7254.0

Item 1. Financial Statements

FAQ

What is The Carlyle Group's principal investment income (loss) — performance revenues?
The Carlyle Group (CG) reported principal investment income (loss) — performance revenues of $69.6M in Q1 2026.
How has The Carlyle Group's principal investment income (loss) — performance revenues changed year-over-year?
The Carlyle Group's principal investment income (loss) — performance revenues decreased by 25.2% year-over-year, from $93.1M to $69.6M.
What is the long-term trend for The Carlyle Group's principal investment income (loss) — performance revenues?
Over 4 years (2021 to 2025), The Carlyle Group's principal investment income (loss) — performance revenues has grown at a -19.0% compound annual growth rate (CAGR), from $666M to $286.4M.
What does principal investment income (loss) — performance revenues mean?
This metric represents the portion of investment income derived from performance-based fees or carried interest generated by the firm's managed funds. It reflects the success of investment strategies in exceeding specified return hurdles, directly linking firm profitability to the realized performance of assets under management.

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