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Blue Owl Capital OWL Real estate credit — Revenue

Other product segments

Direct lending
$337.47M+12.8%
GP minority stakes
$150.34M+1.3%
Net lease
$65.38M+39.6%
Administrative, transaction and other fees
$56.64M+9.7%
Digital infrastructure
$34.81M-33.4%
Alternative credit
$30.37M+43.4%
Investment grade credit
$17.8M+6.7%
Other
$16.06M+61.7%
Strategic Revenue-Share Purchase consideration amortization
-$11.04M+0.6%
Amortization of deferred incentives paid to customers
-$9.81M
Fee offsets
-$7.36M
Performance revenues
$6.07M-3.9%
GP debt financing
$4.8M+101%
Liquid credit
$4.75M-36.5%
Professional sports minority stakes
$1.17M+81.2%

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Other financials

Income statement

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Revenue$753.8M+10.3%
Net income$15.5M+109%
EPS (diluted)$0.02

Balance sheet

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Cash & equivalents$190.5M+95.1%
Total debt$4.4B+21.0%
Total equity$2.1B-10.1%
Total assets$12.4B+1.0%

Cash flow

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Operating cash flow$102.8M+485%
CapEx$13.8M+3.6%
Free cash flow$89.0M+1,996%

Valuation

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Market cap$7.81B-38.6%
Enterprise value$11.97B-26.3%
P/E89.8×-79.0×
P/S2.7×-2.2×

Profitability

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Net margin3%-0.8pp
FCF margin43.6%+7.2pp

Returns & leverage

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Return on equity3.9%-0.7pp
Debt / equity2.1×+0.5×
Current ratio11.8×

Where this comes from

Reported directly by Blue Owl Capital in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Blue Owl Capital’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:39 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001823945-26-000026
(dollars in thousands)Three Months Ended March 31, 20262025
Total GAAP Revenues - Credit Platform457,850408,940
Real Assets Platform
Net lease65,37946,836
Real estate credit11,94210,381
Digital infrastructure34,80952,233
Management Fees112,130109,450
Administrative, transaction and other fees25,08210,506
Fee offsets(1)(3,516)

Item 6. Exhibits

FAQ

What is Blue Owl Capital's real estate credit — revenue?
Blue Owl Capital (OWL) reported real estate credit — revenue of $11.94M in Q1 2026.
How has Blue Owl Capital's real estate credit — revenue changed year-over-year?
Blue Owl Capital's real estate credit — revenue increased by 15.0% year-over-year, from $10.38M to $11.94M.
What does real estate credit — revenue mean?
This metric represents the total revenue generated from the firm's real estate credit investment platform, which provides debt financing solutions for commercial real estate assets. It reflects the income earned through management fees, interest income, and other performance-related revenues derived from lending activities within the real estate sector. Tracking this revenue stream helps investors assess the scale and growth trajectory of the firm's specialized credit deployment capabilities.

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