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GCM Grosvenor (GCMG)
NASDAQ:GCMG
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.18Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive overall: record fundraising, double-digit AUM growth, robust investment performance (notably ARS and Infrastructure), margin expansion, significant dry powder, growing carried interest NAV, and targeted shareholder-return and debt-reduction actions. Notable challenges included softer-than-expected carried interest realizations in Q4, a likely smaller Advance fund successor, and limited catch-up fees in 2026, but these lowlights are relatively limited compared with the breadth and magnitude of the positives.Company Guidance
Record Fundraising in 2025
Raised a firm-record $10.7 billion in total capital in 2025 (including ~$3.5 billion in Q4), with broad-based contributions across all verticals, investor channels, and geographies.
Assets Under Management Growth
Ended 2025 with $91 billion of AUM, a 14% increase vs. 2024; fee-paying AUM increased 12% YoY to $72 billion; contracted not-yet-fee-paying AUM rose 27% YoY to $10 billion (a leading indicator of future revenue).
Strong Investment Performance — ARS and Infrastructure
Absolute Return Strategy multi-strategy composite generated a ~15% gross return in 2025; Infrastructure returned approximately 11% for the year; all other verticals were positive and competitive.
Fee-Related and Earnings Growth
Fee-related earnings grew 11% YoY; adjusted EBITDA increased 15% YoY; adjusted net income rose 18% YoY. Total fee-related revenue for 2025 was $416 million, up 6% YoY.
Margin Expansion and Operating Leverage
Fee-related earnings margin expanded to 44% for 2025, an improvement of 200 basis points vs. 2024; management expects continued operating leverage and further margin expansion through 2028.
Performance Fees and Carried Interest Accretion
Generated $68 million of ARS performance fees in 2025 (one of four years in last six with >$50M from ARS). Gross unrealized carried interest balance reached an all-time high of $949 million, up $113 million (14%) vs. 2024, with ~$478 million (≈50%) attributable to the firm.
Significant Dry Powder
Firm holds approximately $12 billion of dry powder, providing capacity to deploy into attractive private markets opportunities.
Wealth/Individual Investor Channel Momentum
Individual investor channel AUM increased 18% YoY; launched Grove Lane Partners (wealth distribution JV), an infrastructure interval fund now raising daily, and filed registration for a registered private equity fund supported by Grove Lane.
Private Markets Fee Growth
Private markets fee-paying AUM and management fees grew ~106% YoY (driven by fundraising and conversion of contracted not-yet-fee-paying AUM). ARS fee-paying AUM and management fees grew 155% YoY.
Balance Sheet and Shareholder Returns Actions
Warrant exercises in Q4 issued ~10 million shares for ~$110 million in proceeds; repurchased 2.8 million shares for ~$31 million in Q4; Board approved an additional $35 million buyback authorization (bringing remaining repurchase capacity to ~$91 million); prepaid $65 million of term loan to reduce leverage and save >$3 million/year in interest.
GCMG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GCMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $9.90 | $11.30 | +14.14% |
Nov 05, 2025 | $11.36 | $11.50 | +1.23% |
Aug 07, 2025 | $11.54 | $11.77 | +1.99% |
May 07, 2025 | $12.28 | $12.28 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does GCM Grosvenor (GCMG) report earnings?
GCM Grosvenor (GCMG) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is GCM Grosvenor (GCMG) earnings time?
GCM Grosvenor (GCMG) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GCMG EPS forecast?
GCMG EPS forecast for the fiscal quarter 2026 (Q1) is 0.19.