| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Consolidated net income | 79,593 | 150,748 | 47,373 | 70,696 |
| Amortization of intangible assets | 84,538 | 87,355 | 92,652 | 89,472 |
| Equity-based compensation | 195,522 | 161,706 | 173,088 | 169,054 |
| Depreciation and amortization of fixed assets | 6,380 | 5,953 | 5,818 | 6,118 |
| Amortization of debt discounts and deferred financing costs | 1,994 | 1,995 | 1,971 | 1,932 |
| Non-cash interest and dividend income | 9,773 | 8,179 | 9,252 | 8,910 |
| Non-cash lease expense | NaN | NaN | 12,131 | 2,566 |
| Net change in operating lease assets and operating lease liabilities | -367 | 16,744 | NaN | NaN |
| Payment of earnout liability in excess of acquisition-date fair value | NaN | 0 | 207 | 728 |
| Net (gains) losses on investments, net of dividends on equity-method investments | 3,595 | -867 | 7,914 | -4,402 |
| Change in tra liability | -2,395 | -4,326 | -2,980 | -2,026 |
| Change in warrant liability | NaN | 0 | 0 | 0 |
| Change in earnout liability | -16,100 | -41,402 | 33,404 | -20,629 |
| Deferred income taxes | 11,193 | 11,405 | 3,473 | 4,428 |
| Due from related parties | 12,100 | 36,709 | 35,000 | -42,602 |
| Strategic revenue-share purchase consideration | -11,044 | -11,044 | -11,044 | -11,117 |
| Other assets, net | 1,738 | 21,716 | 38,581 | -2,549 |
| Accrued compensation | -260,241 | 76,886 | 100,999 | 80,295 |
| Accounts payable, accrued expenses and other liabilities | 14,063 | -21,208 | 39,110 | -34,483 |
| Net cash provided by operating activities | 102,808 | 382,850 | 433,089 | 422,507 |
| Purchases of fixed assets | 13,825 | 23,731 | 10,632 | 10,045 |
| Purchases of investments | 38,341 | -13,661 | 66,222 | 19,507 |
| Proceeds from investment sales and maturities | 25,066 | 23,174 | 55,385 | 4,242 |
| Cash consideration paid for acquisitions, net of cash acquired | 0 | 0 | 0 | 39,873 |
| Net cash used in investing activities | -27,100 | 13,104 | -21,469 | -65,183 |
| Offering costs related to the acquisitions | NaN | 0 | 0 | NaN |
| Proceeds from debt obligations | 1,040,000 | 520,000 | 440,000 | 350,003 |
| Debt issuance costs | 0 | 356 | 3,018 | -12 |
| Repayments of debt obligations | 540,000 | 430,000 | 450,000 | 300,000 |
| Payment of earnout liability, up to acquisition-date fair value | NaN | 0 | 323 | 36,438 |
| Equity-classified awards settled in cash | NaN | 0 | NaN | NaN |
| Payments under the tra | 64,799 | 0 | 0 | 430 |
| Withholding taxes on vested rsus | 31,974 | 3,344 | 22,449 | 392 |
| Dividends paid on class a shares | 150,541 | 149,409 | 146,467 | 140,771 |
| Class a share repurchases | 25,000 | 52,003 | 0 | 1,691 |
| Contributions from noncontrolling interests | 5,231 | -1,449 | 6,706 | 14,795 |
| Distributions to noncontrolling interests | 312,680 | 222,156 | 216,407 | 222,417 |
| Net cash provided by (used in) financing activities | -79,763 | -338,717 | -391,958 | -337,329 |
| Net decrease in cash and cash equivalents | -4,055 | 57,237 | 19,662 | 19,995 |
| Cash and cash equivalents, beginning of period | 194,512 | 137,275 | 117,613 | 97,618 |
| Cash and cash equivalents, end of period | 190,457 | 194,512 | 137,275 | 117,613 |
BLUE OWL CAPITAL INC. (OWL)
BLUE OWL CAPITAL INC. (OWL)