GCM Grosvenor Inc. income statement
In fiscal 2025, GCM Grosvenor Inc. reported revenue of $558m, up 8.5% on the year before, operating income of $133m (a 23.9% margin) and net income of $45.4m, or $0.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 378 | 416 | 430 | 532 | 447 | 445 | 514 | 558 | 571 |
| Selling, general and administrative | 93 | 88 | 85 | 88 | 89 | 101 | 104 | 105 | 108 |
| Operating income | 75 | 85 | −43 | 109 | 80 | −12 | 73 | 133 | 155 |
| Interest expense | 26 | 26 | 23 | 20 | 23 | 24 | 24 | 23 | — |
| Income before tax | 65 | 62 | −79 | 153 | 89 | −22 | 50 | 155 | 169 |
| Income tax | 1 | 2 | 5 | 11 | 10 | 8 | 14 | 13 | 16 |
| Net income | 0 | 0 | 4 | 21 | 20 | 13 | 19 | 45 | 45 |
| Diluted EPS | $0.00 | $0.00 | −$0.58 | $0.28 | $0.28 | −$0.28 | $0.03 | $0.42 | $0.22 |
| Diluted shares (average) | — | — | 184m | 189m | 189m | 187m | 191m | 197m | 203m |
| EBITDA | 87 | 95 | −33 | 113 | 84 | −9 | 77 | 138 | 159 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 123 | 165 | 126 | 120 | 135 | 177 | 125 | 134 |
| Selling, general and administrative | 25 | 26 | 28 | 26 | 25 | 26 | 29 | 28 |
| Operating income | 25 | 44 | 15 | 19 | 44 | 55 | 20 | 35 |
| Interest expense | 6 | 6 | — | — | 6 | 6 | — | — |
| Income before tax | 15 | 36 | 3 | 40 | 49 | 64 | 21 | 36 |
| Income tax | 3 | 6 | 4 | −0 | 4 | 6 | 3 | 4 |
| Net income | 4 | 8 | 0 | 15 | 10 | 19 | 5 | 10 |
| Diluted EPS | $0.03 | $0.09 | −$0.02 | $0.05 | $0.16 | $0.19 | $0.06 | $0.12 |
| EBITDA | 26 | 45 | 16 | 20 | 45 | 56 | 21 | 37 |
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