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Cohen & Steers CNS Redeemable NCI

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Other financials

Income statement

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Revenue$152.7M+12.2%
Operating income$52.8M+21.8%
Net income$49.3M+33.9%
EPS (diluted)$0.95+31.9%

Balance sheet

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Cash & equivalents$56.3M-14.9%
Total debt$136.3M-2.7%
Total equity$563.4M+11.0%
Total assets$854.7M+2.4%

Cash flow

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Operating cash flow-$51.4M+52.9%
CapEx$282.0K-83.2%
Free cash flow-$69.8M-357%

Valuation

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Market cap$4.34B+14.2%
Enterprise value$4.42B-20.9%
P/E25.8×+2.3×
P/S7.4×+0.4×

Profitability

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Operating margin32.9%-0.7pp
Net margin28.8%-1.0pp
FCF margin-22.5%-48.0pp

Returns & leverage

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Return on equity29.1%-6.3pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Cohen & Steers in its filing.

Tagged under the XBRL concept us-gaap:TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests.

The source filing: Cohen & Steers’s 10-Q, filed May 1, 2026.

Filed
Apr 30, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001284812-26-000045
Line itemMarch 31,2026December 31,2025
Other liabilities and accrued expenses ($1,224 and $673) (1)16,61513,314
Total liabilities187,759242,846
Commitments and contingencies (See Note 11)
Redeemable noncontrolling interests43,67122,805
Stockholders’ equity:
Common stock, $0.01 par value; 500,000,000 shares authorized; 58,906,042 shares issued and 51,402,576 shares outstanding at March 31, 2026 and 58,275,965 shares issued and 51,032,114 shares outstanding at December 31, 2025589583
Additional paid-in capital1,004,985992,948
Accumulated deficit(98,910)(105,806)

Item 1. Financial Statements

FAQ

What is Cohen & Steers's redeemable NCI?
Cohen & Steers (CNS) reported redeemable NCI of $43.67M in Q1 2026.
What is the long-term trend for Cohen & Steers's redeemable NCI?
Over 5 years (2020 to 2025), Cohen & Steers's redeemable NCI has grown at a -14.8% compound annual growth rate (CAGR), from $50.67M to $22.81M.
What does redeemable NCI mean?
Minority interests in subsidiaries that include a put option allowing the minority holder to require the parent to repurchase their stake.

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