v3.26.1
CONDENSED COMBINED AND CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Management fees and other $ 102,499 $ 113,090 $ 204,421 $ 218,955
Performance allocations revenue 0 5,675 1,894 11,128
Revenues from consolidated investments 7,905 981 9,431 2,102
Income from equity-method investments 617 16,180 6,064 19,988
Total revenues 111,021 135,926 221,810 252,173
Expenses:        
General and administrative 18,854 18,937 37,761 36,967
Compensation and benefits 59,065 67,278 122,219 134,812
Performance allocations expense (570) 1,388 187 1,784
Expenses from consolidated investments 536 275 770 635
Interest expense, net 8,053 5,708 14,199 10,844
Total expenses 85,938 93,586 175,136 185,042
Other income (loss):        
Net realized and unrealized losses and impairments (844) (555) (844) (555)
Transaction-related and other expenses (27,462) 0 (27,462) 0
Total other income (loss) (28,306) (555) (28,306) (555)
(Loss) income before taxes (3,223) 41,785 18,368 66,576
Provision for income taxes 22,767 0 22,767 0
Net (loss) income (25,990) 41,785 (4,399) 66,576
Net income allocated to noncontrolling interest in consolidated investments 86 936 86 1,292
Net (loss) income allocated to noncontrolling interest in CIM Finance Holdings, LP (14,055) 0 (14,055) 0
Net income attributable to the Contributed Entities prior to the Transactions 18,106 40,849 39,697 65,284
Net (loss) income attributable to the Company $ (30,127) $ 0 $ (30,127) $ 0
Weighted average shares outstanding:        
Basic (in shares) 436,884,776   436,884,776  
Diluted (shares) 436,884,776   436,884,776  
Earnings per common share:        
Basic (in usd per share) $ (0.07)   $ (0.07)  
Diluted (in usd per share) $ (0.07)   $ (0.07)