v3.25.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Revenues $ 683,486 $ 513,340
Expenses    
Compensation and benefits 325,940 224,791
Amortization of intangible assets 89,473 56,195
General, administrative and other expenses 190,779 76,748
Total Expenses 606,192 357,734
Other Loss    
Net gains (losses) on investments (7,700) 3,173
Interest and dividend income 11,230 4,755
Interest expense (38,524) (22,484)
Change in TRA liability (4,276) 1,019
Change in warrant liability 0 (14,700)
Change in earnout liability 2,318 (585)
Total Other Loss (36,952) (28,822)
Income Before Income Taxes 40,342 126,784
Income tax expense 3,672 14,771
Consolidated Net Income 36,670 112,013
Net income attributable to noncontrolling interests (29,240) (86,922)
Net Income Attributable to Blue Owl Capital Inc. $ 7,430 $ 25,091
Earnings per Class A Share    
Basic (in dollars per share) $ 0.01 $ 0.05
Diluted (in dollars per share) $ 0.00 $ 0.04
Weighted-Average Class A Shares    
Basic (in shares) [1] 625,854,106 488,435,221
Diluted (in shares) 638,492,523 498,738,547
Management Fees, Net    
Revenues    
Revenues $ 604,186 $ 447,898
Administrative, transaction and other fees    
Revenues    
Revenues 72,988 63,397
Performance revenues    
Revenues    
Revenues $ 6,312 $ 2,045
[1] Included in the weighted-average Class A Shares outstanding are RSUs that have vested but have not been settled in Class A Shares. These RSUs do not participate in dividends until settled in Class A Shares. See Note 12.