GCM Grosvenor Inc (GCMG) Balance Sheet
GCMG balance sheet, 2025
December 31, 2025 · U.S. dollars$813.8M assets = $686.3M liabilities + $127.4M equity
Both columns are drawn to the same scale: what GCMG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GCMG financial health
Descriptive bands, not a rating. Fiscal 2025.
GCMG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $37,9302016 | $813.8M2025 | +247.9%/yr | |
| Total liabilities | $7192016 | $686.3M2025 | +459.1%/yr | |
| Shareholders’ equity | $98,3902016 | $27.0M2025 | +101.7%/yr | |
| Cash & short-term investments | $45,8902016 | $242.1M2025 | +191.9%/yr | |
| Total debt | $432.2M2018 | $480.2M2025 | +1.5%/yr | |
| Net cash (debt) | −$364.1M2018 | −$238.1M2025 | +$126.0M | |
| Working capital | $90,3612016 | $203.1M2025 | +$203.0M | |
| Book value per share | $0.002016 | $0.142025 | +65.2%/yr | |
| Current ratio | 2.682016 | 2.342025 | −0.34 | |
| Debt / equity | 4.432020 | 17.792025 | +13.37 | |
| Shares outstanding | 39.9M2016 | 197.3M2025 | +22.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GCMG assets
GCMG liabilities and equity
GCMG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GCMG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $242.1M | $89.5M | $44.4M | $85.2M | $96.2M | $198.1M | $79.9M | $68.1M | $45,890 |
| Cash & equivalents | $242.1M | $89.5M | $44.4M | $85.2M | $96.2M | $198.1M | $79.9M | $68.1M | $45,890 |
| Short-term investments | — | — | — | $224.0M | $2.7M | — | — | — | — |
| Receivables | $112.4M | $99.4M | $65.9M | $48.3M | $125.1M | $95.3M | $44.9M | $32.5M | $0 |
| Inventory | $0 | $0 | $110.3M | $224.0M | −$2.7M | $0 | −$10.2M | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $2.7M | $0 | $10.2M | $6.8M | $98,390 |
| Total current assets | $354.5M | $188.9M | $110.3M | $133.5M | $221.3M | $293.4M | $124.8M | $107.4M | $144,280 |
| Property, plant & equipment (net) | $69.9M | $63.8M | $45.9M | $17.1M | $5.4M | $7.9M | $8.9M | $7.4M | $0 |
| Goodwill & intangible assets | $57.9M | $30.3M | $31.6M | $32.9M | $35.2M | $37.5M | $45.1M | $52.8M | $0 |
| Long-term investments | $275.3M | $257.8M | $240.2M | $224.0M | $226.3M | $166.3M | $159.4M | $0 | $0 |
| Other non-current assets | $56.1M | $72.0M | $76.9M | $81.5M | $93.4M | $126.8M | $35.1M | $203.9M | $0 |
| Total assets | $813.8M | $612.7M | $504.9M | $488.9M | $581.6M | $631.9M | $373.2M | $371.6M | $37,930 |
| Liabilities | |||||||||
| Accounts payable | — | — | $54.5M | −$4.0M | −$390.5M | −$335.2M | — | — | — |
| Short-term debt | $10.5M | $7.5M | $8.3M | $4.0M | $390.5M | $335.2M | $25.0M | — | — |
| Deferred revenue | $10.1M | $9.8M | $8.8M | $9.0M | $8.5M | $10.0M | $12.4M | — | — |
| Total current liabilities | $151.5M | $61.5M | $62.9M | $64.6M | $69.4M | $73.3M | $41.9M | $96.3M | $53,919 |
| Long-term debt | $428.4M | $432.0M | $384.7M | $387.6M | $390.5M | $335.2M | $448.5M | $0 | $0 |
| Lease obligations | $51.8M | $53.9M | $41.5M | $15.5M | $0 | — | — | — | — |
| Other long-term liabilities | $106.4M | $209.5M | $168.6M | $130.7M | $177.5M | $147.7M | $96.6M | $476.4M | $8,029 |
| Total liabilities | $686.3M | $703.1M | $616.2M | $582.9M | $637.4M | $556.2M | $587.0M | $572.7M | $719 |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $14,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | −$308.4M | −$326.1M | — |
| Retained earnings (deficit) | −$16.3M | −$35.0M | −$32.2M | −$23.9M | −$26.2M | −$20.1M | −$308.4M | −$73,000 | $44,471 |
| Accumulated other comprehensive income | −$770,000 | $1.6M | $2.6M | $4.1M | −$1.0M | −$2.2M | −$6.9M | −$586,000 | $44,471 |
| Minority interest | $100.4M | −$62.7M | −$83.6M | −$74.2M | −$30.1M | −$52.8M | — | — | — |
| Total shareholders' equity | $27.0M | −$27.6M | −$27.6M | −$19.8M | −$55.8M | $75.7M | −$315.3M | −$326.8M | $98,390 |
| Key figures | |||||||||
| Total debt | $480.2M | $485.9M | $426.2M | $403.1M | $390.5M | $335.2M | $448.5M | $432.2M | — |
| Net cash (debt) | −$238.1M | −$396.5M | −$381.9M | −$318.0M | −$294.3M | −$137.0M | −$368.6M | −$364.1M | — |
| Working capital | $203.1M | $127.3M | $47.4M | $68.9M | $151.9M | $220.1M | $82.9M | $11.1M | $90,361 |
| Tangible book value | −$30.9M | −$57.9M | −$59.2M | −$52.7M | −$91.0M | $38.2M | −$360.3M | −$379.6M | $98,390 |
| Book value per share | $0.14 | −$0.14 | −$0.15 | −$0.11 | −$0.30 | $0.41 | −$7.90 | −$8.19 | $0.00 |
| Shares outstanding | 197.3M | 190.6M | 187.4M | 188.6M | 189.1M | 184.2M | 39.9M | 39.9M | 39.9M |
| Current ratio | 2.34 | 3.07 | 1.75 | 2.07 | 3.19 | 4.00 | 2.98 | 1.11 | 2.68 |
| Quick ratio | 2.34 | 3.07 | 1.75 | 2.07 | 3.19 | 4.00 | 2.98 | 1.04 | 0.85 |
| Debt / equity | 17.79 | — | — | — | — | 4.43 | — | — | — |
| Equity / assets | 3.3% | −4.5% | −5.5% | −4.1% | −9.6% | 12.0% | −84.5% | −87.9% | 259.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $139.6M | $164.4M | $242.1M | $182.7M | $136.3M | $94.5M | $89.5M | $98.4M | $73.9M | $41.9M | $44.4M | $55.4M |
| Cash & equivalents | $139.6M | $164.4M | $242.1M | $182.7M | $136.3M | $94.5M | $89.5M | $98.4M | $73.9M | $41.9M | $44.4M | $55.4M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | — | $1.8M |
| Receivables | $52.4M | $57.7M | $112.4M | $56.1M | $57.6M | $62.9M | $99.4M | $54.4M | $51.1M | $42.6M | $65.9M | $55.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $110.3M | −$1.8M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.8M |
| Total current assets | $139.6M | $222.1M | $354.5M | $238.8M | $193.9M | $157.4M | $188.9M | $152.8M | $125.0M | $84.5M | $110.3M | $111.0M |
| Property, plant & equipment (net) | $71.8M | $71.8M | $69.9M | $64.6M | $65.1M | $63.6M | $63.8M | $64.1M | $60.1M | $52.6M | $45.9M | $45.2M |
| Goodwill & intangible assets | $29.0M | $57.9M | $57.9M | $29.3M | $29.6M | $29.9M | $30.3M | $30.6M | $30.9M | $31.3M | $31.6M | $31.9M |
| Long-term investments | $291.6M | $282.7M | $275.3M | $268.9M | $262.8M | $255.2M | $257.8M | $250.9M | $251.1M | $248.4M | $240.2M | $239.9M |
| Other non-current assets | $145.0M | $54.2M | $56.1M | $84.3M | $85.5M | $73.6M | $72.0M | $76.6M | $76.8M | $80.5M | $76.9M | $76.8M |
| Total assets | $677.0M | $688.8M | $813.8M | $685.9M | $636.9M | $579.8M | $612.7M | $575.0M | $543.9M | $497.3M | $504.9M | $504.7M |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | $54.5M | — |
| Short-term debt | — | $3.3M | — | — | $2.2M | $3.3M | $4.4M | $1.1M | $2.2M | $3.0M | $8.3M | $3.1M |
| Deferred revenue | — | — | — | — | — | — | $9.8M | — | — | — | $8.8M | — |
| Total current liabilities | $54.7M | $97.2M | $151.5M | $104.6M | $101.6M | $90.5M | $61.5M | $99.4M | $85.0M | $85.5M | $62.9M | $82.1M |
| Long-term debt | $362.0M | $362.9M | $428.4M | $429.3M | $430.2M | $431.1M | $432.0M | $432.9M | $433.8M | $384.0M | $384.7M | $385.5M |
| Lease obligations | $50.9M | $51.5M | $51.8M | $52.2M | $53.6M | $52.9M | $53.9M | $54.6M | $48.4M | $43.2M | $41.5M | $42.8M |
| Other long-term liabilities | $137.9M | $106.4M | $106.4M | $148.2M | $125.6M | $147.9M | $209.5M | $155.8M | $118.8M | $128.6M | $168.6M | $130.9M |
| Total liabilities | $554.6M | $566.5M | $686.3M | $682.1M | $657.5M | $669.5M | $703.1M | $688.1M | $637.6M | $598.2M | $616.2M | $598.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $20,000 | $20,000 | $20,000 | $19,000 | $19,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 |
| Retained earnings (deficit) | −$18.1M | −$19.4M | −$16.3M | −$27.2M | −$31.3M | −$40.7M | −$35.0M | −$37.4M | −$36.0M | −$34.2M | −$32.2M | −$30.5M |
| Accumulated other comprehensive income | −$193,000 | −$651,000 | −$769,999 | −$504,000 | $48,000 | $554,000 | $1.6M | $156,000 | $2.4M | $3.0M | $2.6M | $4.7M |
| Minority interest | $97.1M | $96.8M | $100.4M | $11.2M | −$8.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $25.3M | $25.5M | $27.0M | −$7.4M | −$12.3M | −$28.3M | −$27.6M | −$31.9M | −$28.5M | −$26.4M | −$27.6M | −$24.7M |
| Key figures | ||||||||||||
| Total debt | $412.9M | $414.5M | $480.2M | $481.5M | $483.8M | $484.0M | $485.9M | $487.5M | $480.0M | $427.2M | $426.2M | $428.2M |
| Net cash (debt) | −$273.3M | −$250.1M | −$238.1M | −$298.8M | −$347.5M | −$389.5M | −$396.5M | −$389.1M | −$406.1M | −$385.3M | −$381.9M | −$372.9M |
| Working capital | $84.9M | $124.9M | $203.1M | $134.2M | $92.3M | $67.0M | $127.3M | $53.5M | $40.0M | −$1.1M | $47.4M | $28.9M |
| Tangible book value | −$3.6M | −$32.4M | −$30.9M | −$36.7M | −$41.9M | −$58.3M | −$57.9M | −$62.5M | −$59.4M | −$57.6M | −$59.2M | −$56.6M |
| Book value per share | $0.12 | $0.12 | $0.13 | −$0.04 | −$0.06 | −$0.15 | −$0.14 | −$0.17 | −$0.15 | −$0.14 | −$0.15 | −$0.13 |
| Shares outstanding | 203.6M | 204.8M | 200.3M | 197.5M | 196.3M | 189.9M | 191.4M | 190.6M | 190.2M | 187.9M | 187.5M | 188.0M |
| Current ratio | 2.55 | 2.28 | 2.34 | 2.28 | 1.91 | 1.74 | 3.07 | 1.54 | 1.47 | 0.99 | 1.75 | 1.35 |
| Quick ratio | 3.51 | 2.28 | 2.34 | 2.28 | 1.91 | 1.74 | 3.07 | 1.54 | 1.47 | 0.99 | 1.75 | 1.35 |
| Debt / equity | 16.30 | 16.26 | 17.79 | — | — | — | — | — | — | — | — | — |
| Equity / assets | 3.7% | 3.7% | 3.3% | −1.1% | −1.9% | −4.9% | −4.5% | −5.5% | −5.2% | −5.3% | −5.5% | −4.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.
GCMG financial position
At the end of fiscal 2025 (December 31, 2025), GCM Grosvenor had total assets of $813.8 million (up 32.8% from a year earlier), total liabilities of $686.3 million and shareholders' equity of $27.0 million. It held $242.1 million in cash and short-term investments against $480.2 million of debt, net debt of $238.1 million. Its current ratio was 2.34. In the latest quarter (ended June 30, 2026) total assets were $677.0 million and equity $25.3 million.
Related: GCMG income statement, GCMG cash flow statement, GCMG key metrics. See the GCMG stock overview for the latest quote and news.
GCMG balance sheet FAQ
What are GCM Grosvenor's total assets?
GCM Grosvenor reported total assets of $813.8 million at the end of fiscal 2025 (December 31, 2025), compared with $612.7 million a year earlier.
How much debt does GCM Grosvenor have?
GCM Grosvenor had $480.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 17.79.
How much cash does GCM Grosvenor have?
GCM Grosvenor held $242.1 million in cash and short-term investments at the end of fiscal 2025; with $480.2 million of debt that is net debt of $238.1 million.
What is GCM Grosvenor's book value?
GCM Grosvenor's shareholders' equity (book value) was $27.0 million at the end of fiscal 2025, or $0.14 per share.
What is GCM Grosvenor's current ratio?
GCM Grosvenor had current assets of $354.5 million and current liabilities of $151.5 million, a current ratio of 2.34 (it can cover its short-term obligations).
How much goodwill does GCM Grosvenor have?
GCM Grosvenor carried $57.9 million of goodwill and intangible assets, 7.1% of total assets, at the end of fiscal 2025.