v3.26.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Intangible assets, net $ 730,777 $ 798,430
Goodwill 3,464,289 3,454,107
Total assets 29,631,399 28,633,369
Liabilities    
Operating lease liabilities 812,596  
Total liabilities 21,003,486 19,931,981
Commitments and contingencies
Stockholders’ Equity    
Additional paid-in-capital 4,346,419 4,242,678
Accumulated deficit (1,854,800) (1,452,259)
Accumulated other comprehensive income, net of tax 13,122 21,743
Total stockholders’ equity 3,968,073 4,275,463
Total equity 8,602,265 8,676,092
Total liabilities, redeemable interest, non-controlling interests and equity 29,631,399 28,633,369
Series B Mandatory Convertible Preferred Stock    
Stockholders’ Equity    
Series B mandatory convertible preferred stock, $0.01 par value, 1,000,000,000 shares authorized (30,000,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025) 1,460,030 1,460,030
Class A Common Stock    
Stockholders’ Equity    
Common stock 2,239 2,185
Non-voting Common Stock    
Stockholders’ Equity    
Common stock 35 35
Class B Common Stock    
Stockholders’ Equity    
Common stock 0 0
Class C Common Stock    
Stockholders’ Equity    
Common stock 1,028 1,051
Consolidated Entity, Excluding VIE, Including Parent    
Assets    
Total assets 29,631,399 28,633,369
Liabilities    
Total liabilities 21,003,486 19,931,981
Ares Management L.P    
Assets    
Cash and cash equivalents 557,094 488,896
Investments 5,546,255 5,508,447
Due from affiliates 1,377,120 1,420,218
Other assets 1,090,376 1,032,138
Right-of-use operating lease assets 633,385 517,351
Intangible assets, net 2,095,022 2,115,830
Goodwill 3,464,289 3,454,107
Liabilities    
Accounts payable, accrued expenses and other liabilities $ 1,227,298 $ 1,204,467
Accounts Payable, Related Party, Type [Extensible Enumeration] Affiliated entity Affiliated entity
Accrued compensation $ 635,157 $ 472,978
Due to affiliates 764,768 810,409
Performance related compensation payable 3,122,566 2,951,333
Debt obligations 4,577,159 3,941,415
Operating lease liabilities 812,596 669,999
Redeemable interest in Ares Operating Group entities 25,648 25,296
Non-controlling interests in Ares Operating Group entities 1,307,531 1,496,771
Stockholders’ Equity    
Additional paid-in-capital 4,346,419 4,242,678
Accumulated deficit (1,854,800) (1,452,259)
Accumulated other comprehensive income, net of tax 13,122 21,743
Total stockholders’ equity 3,968,073 4,275,463
Ares Management L.P | Series B Mandatory Convertible Preferred Stock    
Stockholders’ Equity    
Series B mandatory convertible preferred stock, $0.01 par value, 1,000,000,000 shares authorized (30,000,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025) 1,460,030 1,460,030
Ares Management L.P | Class A Common Stock    
Stockholders’ Equity    
Common stock 2,239 2,185
Ares Management L.P | Non-voting Common Stock    
Stockholders’ Equity    
Common stock 35 35
Ares Management L.P | Class C Common Stock    
Stockholders’ Equity    
Common stock 1,028 1,051
Consolidated Funds    
Assets    
Cash and cash equivalents 1,295,264 959,088
Investments 13,393,347 12,844,886
Other assets 65,953 63,966
Receivable for securities sold 113,294 228,442
Liabilities    
Accounts payable, accrued expenses and other liabilities $ 124,570 $ 105,137
Accounts Payable, Related Party, Type [Extensible Enumeration] Affiliated entity Affiliated entity
Due to affiliates $ 0 $ 0
Payable for securities purchased 256,519 165,391
CLO loan obligations, at fair value 6,951,657 7,359,072
Fund borrowings 2,531,196 2,251,780
Non-controlling interests in Ares Operating Group entities $ 3,326,661 $ 2,903,858