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GCM Grosvenor Inc.

EDGAR
GCMG Quarterly report (10-Q) · filed 2026-08-10

Annual consolidated revenue for 2025: about USD 557.6M, using the latest reported figures. The previous period, 2024, was about USD 514M.

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Watchlist

Latest quarter

Revenue

134 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

26.41%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 35485000 USD Source
  • Revenue: 134339000 USD Source

Operating cash flow

38.1 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 89841000 USD Source
  • Operating Cash Flow: 51723000 USD Source

Free cash flow

36.3 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 89841000 USD Source
  • Operating Cash Flow: 51723000 USD Source
  • Capital Expenditure: 5703000 USD Source
  • Capital Expenditure: 3848000 USD Source
Cash and cash equivalents
140 million USD Source
Exact value

139596000 USD

Long-term debt including current maturities
362 million USD Source
Exact value

362003000 USD

Shares outstanding
100 shares Source
Exact value

100 shares

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

571 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 134967000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 557565000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 380470000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 124778000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 134339000 USD · 2026-04-01 – 2026-06-30 Source

Net income

44.5 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 10495000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 45371000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 26395000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 5467000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 9564000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

198 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 155058000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 75241000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 183539000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 155058000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 51723000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 89841000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 51723000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

11.8 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 3940000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 2392000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 8497000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 3940000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 3848000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 5703000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 3848000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

186 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 155058000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 75241000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 183539000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 155058000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 51723000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 89841000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 51723000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 3940000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 2392000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 8497000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 3940000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 3848000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 5703000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 3848000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-10.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 8 of 11 periods available· newest 2025-12-31
  • Operating income: 8 of 11 periods available· newest 2025-12-31
  • Net income: 8 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 8 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2025-12-31
  • Total assets: 7 of 11 periods available· newest 2025-12-31
  • Total liabilities: 7 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 7 of 11 periods available· newest 2025-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +8.5%

    Prior period

    USD 514.01 million

    –

    Current period

    USD 557.57 million

    –

    Exact inputs and evidence

    557565000 − 514012000 = 43553000 USD

    514012000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    557565000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +142.7%

    Prior period

    USD 18.7 million

    –

    Current period

    USD 45.37 million

    –

    Exact inputs and evidence

    45371000 − 18695000 = 26676000 USD

    18695000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    45371000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +23.4%

    Prior period

    USD 148.77 million

    –

    Current period

    USD 183.54 million

    –

    Exact inputs and evidence

    183539000 − 148774000 = 34765000 USD

    148774000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    183539000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -49.2%

    Prior period

    USD 16.73 million

    –

    Current period

    USD 8.5 million

    –

    Exact inputs and evidence

    8497000 − 16729000 = -8232000 USD

    16729000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    8497000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 557.57 million 100% of revenue
  • Operating costs Derived USD 424.11 million 76% of revenue
  • Operating income USD 133.45 million 24% of revenue
  • Tax, interest and other Derived USD 88.08 million 16% of revenue
  • Net income USD 45.37 million 8.1% of revenue

Cash

  • Operating cash flow USD 183.54 million 33% of revenue
  • Capital expenditure USD 8.5 million 1.5% of revenue
  • Free cash flow Derived USD 175.04 million 31% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2018 20%80%
  • 2019 20%80%
  • 2020 Operating loss: operating costs were 110% of revenue.
  • 2021 17%79%
  • 2022 14%82%
  • 2023 Operating loss: operating costs were 103% of revenue.
  • 2024 11%86%
  • 2025 16%76%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2018 2018-01-01 – 2018-12-31378496000 303369000 Derived 75127000 75127000 Derived 0 116161000 Derived
Source
2019 2019-01-01 – 2019-12-31416394000 331425000 Derived 84969000 84969000 Derived 0 92198000 Derived
Source
2020 2020-01-01 – 2020-12-31429981000 473096000 Derived -43115000 -47164000 Derived 4049000 66862000 Derived
Source
2021 2021-01-01 – 2021-12-31531592000 422188000 Derived 109404000 87922000 Derived 21482000 178226000 Derived
Source
2022 2022-01-01 – 2022-12-31446530000 366218000 Derived 80312000 60492000 Derived 19820000 215731000 Derived
Source
2023 2023-01-01 – 2023-12-31444999000 456845000 Derived -11846000 -24620000 Derived 12774000 88302000 Derived
Source
2024 2024-01-01 – 2024-12-31514012000 440532000 Derived 73480000 54785000 Derived 18695000 132045000 Derived
Source
2025 2025-01-01 – 2025-12-31557565000 424111000 Derived 133454000 88083000 Derived 45371000 175042000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 557.6M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.602.2M451.6M301.1M150.5M0.0201820222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Revenue378496000
2019Revenue416394000
2020Revenue429981000
2021Revenue531592000
2022Revenue446530000
2023Revenue444999000
2024Revenue514012000
2025Revenue557565000

Revenue growth

Change in revenue from the same financial period one year earlier.

8.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.27%15%4%-8%-19%201820222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2018Year over yearNo prior comparable period
2019Year over year10%
2020Year over year3.3%
2021Year over year23.6%
2022Year over year-16%
2023Year over year-0.3%
2024Year over year15.5%
2025Year over year8.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 23.9% 2025
Net margin 8.1% 2025
Free cash flow margin 31.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.53%36%19%2%-15%201820222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2018Operating margin19.8%
2019Operating margin20.4%
2020Operating margin-10%
2021Operating margin20.6%
2022Operating margin18%
2023Operating margin-2.7%
2024Operating margin14.3%
2025Operating margin23.9%
2018Net margin0%
2019Net margin0%
2020Net margin0.9%
2021Net margin4%
2022Net margin4.4%
2023Net margin2.9%
2024Net margin3.6%
2025Net margin8.1%
2018Free cash flow margin30.7%
2019Free cash flow margin22.1%
2020Free cash flow margin15.5%
2021Free cash flow margin33.5%
2022Free cash flow margin48.3%
2023Free cash flow margin19.8%
2024Free cash flow margin25.7%
2025Free cash flow margin31.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 183.5M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.233.8M175.4M116.9M58.5M0.0201820222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Operating cash flow117029000
2019Operating cash flow96193000
2020Operating cash flow68170000
2021Operating cash flow178803000
2022Operating cash flow216513000
2023Operating cash flow92065000
2024Operating cash flow148774000
2025Operating cash flow183539000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 175M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.233.0M174.7M116.5M58.2M0.0201820222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Free cash flow116161000
2019Free cash flow92198000
2020Free cash flow66862000
2021Free cash flow178226000
2022Free cash flow215731000
2023Free cash flow88302000
2024Free cash flow132045000
2025Free cash flow175042000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

84.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.170%127%85%42%0%2018-12-3120222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2018-12-31Liabilities / assetsNot reportedNo source recorded
2019Liabilities / assets157.3%
2020Liabilities / assets94.8%
2021Liabilities / assets109.6%
2022Liabilities / assets119.2%
2023Liabilities / assets122%
2024Liabilities / assets114.7%
2025Liabilities / assets84.3%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2018 2018-01-01 – 2018-12-31
USD 0
Exact value

Exact value: 0 USD

2018-01-01 – 2018-12-31: 0 USD Inspect Net Income Open source
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USD 117.03 million
Exact value

Exact value: 117029000 USD

2018-01-01 – 2018-12-31: 117029000 USD Inspect Operating Cash Flow Open source
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USD 868,000
Exact value

Exact value: 868000 USD

2018-01-01 – 2018-12-31: 868000 USD Inspect Capital Expenditure Open source
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USD 116.16 million
Calculation and evidence

117029000 − 868000 USD

Exact free cash flow: 116161000 USD

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2019 2019-01-01 – 2019-12-31
USD 0
Exact value

Exact value: 0 USD

2019-01-01 – 2019-12-31: 0 USD Inspect Net Income Open source
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USD 96.19 million
Exact value

Exact value: 96193000 USD

2019-01-01 – 2019-12-31: 96193000 USD Inspect Operating Cash Flow Open source
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USD 4 million
Exact value

Exact value: 3995000 USD

2019-01-01 – 2019-12-31: 3995000 USD Inspect Capital Expenditure Open source
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USD 92.2 million
Calculation and evidence

96193000 − 3995000 USD

Exact free cash flow: 92198000 USD

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2020 2020-01-01 – 2020-12-31
USD 4.05 million
Exact value

Exact value: 4049000 USD

2020-01-01 – 2020-12-31: 4049000 USD Inspect Net Income Open source
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USD 68.17 million
Exact value

Exact value: 68170000 USD

2020-01-01 – 2020-12-31: 68170000 USD Inspect Operating Cash Flow Open source
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USD 1.31 million
Exact value

Exact value: 1308000 USD

2020-01-01 – 2020-12-31: 1308000 USD Inspect Capital Expenditure Open source
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USD 66.86 million
Calculation and evidence

68170000 − 1308000 USD

Exact free cash flow: 66862000 USD

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2021 2021-01-01 – 2021-12-31
USD 21.48 million
Exact value

Exact value: 21482000 USD

2021-01-01 – 2021-12-31: 21482000 USD Inspect Net Income Open source
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USD 178.8 million
Exact value

Exact value: 178803000 USD

2021-01-01 – 2021-12-31: 178803000 USD Inspect Operating Cash Flow Open source
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USD 577,000
Exact value

Exact value: 577000 USD

2021-01-01 – 2021-12-31: 577000 USD Inspect Capital Expenditure Open source
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USD 178.23 million
Calculation and evidence

178803000 − 577000 USD

Exact free cash flow: 178226000 USD

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2022 2022-01-01 – 2022-12-31
USD 19.82 million
Exact value

Exact value: 19820000 USD

2022-01-01 – 2022-12-31: 19820000 USD Inspect Net Income Open source
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USD 216.51 million
Exact value

Exact value: 216513000 USD

2022-01-01 – 2022-12-31: 216513000 USD Inspect Operating Cash Flow Open source
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USD 782,000
Exact value

Exact value: 782000 USD

2022-01-01 – 2022-12-31: 782000 USD Inspect Capital Expenditure Open source
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USD 215.73 million
Calculation and evidence

216513000 − 782000 USD

Exact free cash flow: 215731000 USD

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2023 2023-01-01 – 2023-12-31
USD 12.77 million
Exact value

Exact value: 12774000 USD

2023-01-01 – 2023-12-31: 12774000 USD Inspect Net Income Open source
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USD 92.07 million
Exact value

Exact value: 92065000 USD

2023-01-01 – 2023-12-31: 92065000 USD Inspect Operating Cash Flow Open source
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USD 3.76 million
Exact value

Exact value: 3763000 USD

2023-01-01 – 2023-12-31: 3763000 USD Inspect Capital Expenditure Open source
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USD 88.3 million
Calculation and evidence

92065000 − 3763000 USD

Exact free cash flow: 88302000 USD

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2024 2024-01-01 – 2024-12-31
USD 18.7 million
Exact value

Exact value: 18695000 USD

2024-01-01 – 2024-12-31: 18695000 USD Inspect Net Income Open source
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USD 148.77 million
Exact value

Exact value: 148774000 USD

2024-01-01 – 2024-12-31: 148774000 USD Inspect Operating Cash Flow Open source
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USD 16.73 million
Exact value

Exact value: 16729000 USD

2024-01-01 – 2024-12-31: 16729000 USD Inspect Capital Expenditure Open source
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USD 132.05 million
Calculation and evidence

148774000 − 16729000 USD

Exact free cash flow: 132045000 USD

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2025 2025-01-01 – 2025-12-31
USD 45.37 million
Exact value

Exact value: 45371000 USD

2025-01-01 – 2025-12-31: 45371000 USD Inspect Net Income Open source
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USD 183.54 million
Exact value

Exact value: 183539000 USD

2025-01-01 – 2025-12-31: 183539000 USD Inspect Operating Cash Flow Open source
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USD 8.5 million
Exact value

Exact value: 8497000 USD

2025-01-01 – 2025-12-31: 8497000 USD Inspect Capital Expenditure Open source
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USD 175.04 million
Calculation and evidence

183539000 − 8497000 USD

Exact free cash flow: 175042000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

31 filings · 1,729 latest values · 1,729 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001819796, 1819796, GCMG, edgar:1819796

Also known as GCM Grosvenor Inc.