For the quarter ending 2026-03-31, GCMG had -$77,724K decrease in cash & cash equivalents over the period. $47,875K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Segment operating revenue | - | 177,095 | - | - |
| Cash-based employee compensation and benefits | - | 35,594 | - | - |
| Equity-based compensation | - | 12,538 | - | - |
| Partnership interest-based compensation | - | 15,906 | - | - |
| Carried interest compensation | - | 2,643 | - | - |
| Cash-based incentive fee related compensation | - | 29,311 | - | - |
| Other non-cash compensation | - | 143 | - | - |
| General, administrative and other | - | 26,255 | - | - |
| Investment income | - | 2,422 | - | - |
| Interest expense | - | 5,648 | - | - |
| Other income | - | 3,307 | - | - |
| Change in fair value of warrants | - | -9,261 | - | - |
| Provision for income taxes | - | 5,890 | - | - |
| Net income (loss) | 17,744 | 58,157 | 45,082 | 38,801 |
| Depreciation and amortization expense | 920 | 1,104 | 1,157 | 2,161 |
| Equity-based compensation, equity-classified awards | 24,575 | 5,100 | 5,754 | 29,547 |
| Deferred income tax expense | 601 | 1,923 | 162 | 1,993 |
| Other non-cash compensation | 46 | 143 | 128 | 177 |
| Partnership interest-based compensation | 5,378 | 15,906 | 1,727 | 28,548 |
| Amortization of debt issuance costs | 177 | 195 | 195 | 386 |
| Amortization of terminated swap | -1,870 | -1,912 | -1,911 | -3,760 |
| Proceeds received (payments made) for terminated interest rate derivatives | 0 | - | - | - |
| Loss on extinguishment of debt | -414 | 0 | 0 | 0 |
| Change in fair value of warrant liabilities | 0 | -9,261 | -1,864 | -10,612 |
| Change in payable to related parties pursuant to tax receivable agreement | 0 | -1,787 | 0 | 0 |
| Proceeds received from investments | 2,765 | 3,533 | 6,393 | 6,837 |
| Non-cash investment income | 3,921 | 2,422 | 7,290 | 6,546 |
| Non-cash lease expense | 962 | 952 | 940 | 1,911 |
| Other | -45 | -112 | -40 | 55 |
| Management fees receivable | -674 | 394 | 911 | -5,864 |
| Incentive fees receivable | -53,210 | 56,254 | -3,309 | -37,431 |
| Due from related parties | -1,197 | -304 | 946 | 1,277 |
| Other assets | -1,147 | 4,993 | -988 | 3,515 |
| Accrued compensation and employee related obligations | -54,357 | 20,754 | 25,288 | -52,393 |
| Lease liabilities, net | -191 | -1,205 | -1,176 | -2,408 |
| Accrued expenses and other liabilities | 2,207 | -1,474 | 2,752 | 2,151 |
| Net cash provided by operating activities | 51,723 | 28,481 | 79,817 | 75,241 |
| Purchases of premises and equipment | 3,848 | 4,557 | 1,548 | 2,392 |
| Contributions/subscriptions to investments | 9,242 | 10,992 | 8,628 | 15,056 |
| Distributions from investments | 2,606 | 3,512 | 3,336 | 9,817 |
| Net cash used in investing activities | -10,484 | -12,037 | -6,840 | -7,631 |
| Capital contributions received from noncontrolling interests | 534 | 1,102 | 813 | 1,238 |
| Proceeds from senior loan issuance | - | 0 | 0 | 0 |
| Debt issuance costs | - | 0 | 0 | 0 |
| Proceeds from share purchase agreement, net | - | -1 | 0 | 49,833 |
| Capital distributions paid to partners and member | 22,749 | 25,865 | 18,078 | 38,306 |
| Capital distributions paid to noncontrolling interests | 4,049 | 5,276 | 1,738 | 7,877 |
| Principal payments on senior loan | 66,095 | 1,095 | 1,095 | 2,190 |
| Payments to repurchase class a common stock | 17,472 | 30,657 | - | - |
| Proceeds from exercise of warrants | 0 | 116,372 | 585 | 2,762 |
| Settlement of equity-based compensation in satisfaction of withholding tax requirements | 1,137 | -1 | 801 | 15,448 |
| Dividends paid | 7,509 | 7,365 | 5,914 | 12,064 |
| Payments to related parties, pursuant to tax receivable agreement | - | 3,797 | - | - |
| Net cash used in financing activities | -118,477 | 43,419 | -26,228 | -22,052 |
| Effect of exchange rate changes on cash | -486 | -496 | -334 | 1,322 |
| Net increase (decrease) in cash and cash equivalents | -77,724 | 59,367 | 46,415 | 46,880 |
| Beginning of period | 242,116 | -93,295 | 89,454 | - |
| End of period | 164,392 | 59,367 | 182,749 | - |
GCM Grosvenor Inc. (GCMG)
GCM Grosvenor Inc. (GCMG)