GCM Grosvenor Inc (GCMG) Income Statement
GCMG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGCMG revenue and net income
Where GCMG's revenue goes
2025Each bar shows an amount and its share of revenue. GCMG kept 8.2% of revenue as net income.
GCMG profit margins
GCMG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.2% | +6.8% | +4.8% | — |
| Gross profit | +9.1% | +7.4% | +5.2% | — |
| Operating income | +214.8% | +9.7% | — | — |
| Net income | +142.7% | +31.8% | +62.1% | — |
| EPS (diluted) | +11.1% | +20.3% | +15.5% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GCMG quarterly EPS vs estimates
GCM Grosvenor beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.18).
GCMG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $550.1M | $503.5M | $436.1M | $452.0M | $538.6M | $434.2M | $416.6M | $378.5M | $377.0M | $0 |
| Cost of revenue | $4.4M | $3.3M | $2.7M | $11.6M | $4.0M | $9.8M | $10.3M | $210.4M | $217.6M | — |
| Gross profit | $545.7M | $500.2M | $433.4M | $440.4M | $534.6M | $424.4M | $406.2M | $378.5M | $377.0M | — |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Sales, general & admin | $104.8M | $440.5M | $456.8M | $366.2M | $88.4M | $84.6M | $88.5M | $93.0M | $161.6M | — |
| Total operating expenses | $398.0M | $453.3M | $452.7M | $328.6M | $408.4M | $485.2M | $326.5M | $303.4M | $304.5M | $2,875 |
| Operating income | $147.7M | $46.9M | −$19.3M | $111.8M | $126.2M | −$60.8M | $79.7M | $75.1M | $72.5M | −$2,875 |
| Interest expense | $15.3M | $13.7M | $14.9M | $28.8M | $27.1M | $27.7M | $25.8M | $26.5M | $23.4M | — |
| Income before taxes | $154.9M | $50.2M | −$21.5M | $89.1M | $153.1M | −$78.7M | $62.3M | $65.1M | $72.5M | −$5,755 |
| Income taxes | $12.9M | $13.6M | $7.7M | $9.6M | $11.0M | $4.5M | $2.3M | $1.4M | $72.5M | −$2,880 |
| Net income | $45.4M | $18.7M | $12.8M | $19.8M | $21.5M | $4.0M | $60.0M | $63.7M | $74.3M | −$2,875 |
| EBITDA | $174.7M | $67.2M | −$3.9M | $125.6M | $184.2M | −$41.2M | $98.5M | $103.2M | $109.6M | −$2,875 |
| EPS (diluted) | $0.80 | $0.72 | $0.54 | $0.46 | $0.63 | $0.39 | $0.13 | $0.03 | $12.39 | — |
| Gross margin | 99.2% | 99.3% | 99.4% | 97.4% | 99.3% | 97.7% | 97.5% | 100.0% | 100.0% | — |
| Operating margin | 26.9% | 9.3% | −4.4% | 24.7% | 23.4% | −14.0% | 19.1% | 19.8% | 19.2% | — |
| Net margin | 8.2% | 3.7% | 2.9% | 4.4% | 4.0% | 0.9% | 14.4% | 16.8% | 19.7% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.0M | $123.4M | $175.4M | $133.0M | $117.7M | $123.9M | $163.0M | $120.1M | $114.2M | $106.2M | $113.8M | $119.1M |
| Cost of revenue | $1.0M | $920,000 | $1.1M | $1.2M | $1.2M | $1.0M | $998,000 | $1.0M | $644,000 | $633,000 | $642,000 | $2.5M |
| Gross profit | $131.9M | $122.5M | $174.3M | $131.9M | $116.6M | $122.9M | $162.0M | $119.1M | $113.6M | $105.5M | $113.2M | $116.5M |
| Sales, general & admin | $27.7M | $28.9M | $26.3M | $90.8M | $100.4M | $110.5M | $125.7M | $24.6M | $96.1M | $124.8M | $24.9M | $97.8M |
| Total operating expenses | $97.8M | $103.4M | $112.0M | $87.8M | $79.9M | $118.3M | $127.4M | $103.9M | $95.7M | $126.3M | $103.7M | $95.6M |
| Operating income | $34.1M | $19.1M | $62.3M | $44.1M | $36.7M | $4.6M | $34.6M | $15.2M | $17.9M | −$20.8M | $9.5M | $20.9M |
| Interest expense | $4.4M | $3.5M | $4.0M | $3.6M | $4.0M | $3.8M | $3.9M | $3.1M | $3.4M | $3.2M | $3.0M | $3.0M |
| Income before taxes | $35.5M | $20.9M | $64.0M | $48.7M | $39.7M | $2.5M | $36.4M | $15.3M | $16.2M | −$17.8M | $6.5M | $21.0M |
| Income taxes | $3.7M | $3.1M | $5.9M | $3.6M | −$202,000 | $3.6M | $6.0M | $3.2M | $3.2M | $1.1M | $1.9M | $3.3M |
| Net income | $9.6M | $5.5M | $19.0M | $10.5M | $15.4M | $463,000 | $7.6M | $4.2M | $4.8M | $2.1M | $3.3M | $5.9M |
| EBITDA | $39.6M | $25.3M | $69.1M | $53.5M | $44.8M | $7.3M | $41.4M | $19.5M | $20.3M | −$13.9M | $10.1M | $26.5M |
| EPS (diluted) | $0.15 | $0.18 | $0.31 | $0.17 | $0.14 | $0.18 | $0.27 | $0.16 | $0.15 | $0.14 | $0.17 | $0.15 |
| Gross margin | 99.2% | 99.3% | 99.4% | 99.1% | 99.0% | 99.2% | 99.4% | 99.1% | 99.4% | 99.4% | 99.4% | 97.9% |
| Operating margin | 25.7% | 15.5% | 35.5% | 33.1% | 31.2% | 3.7% | 21.2% | 12.7% | 15.7% | −19.6% | 8.3% | 17.5% |
| Net margin | 7.2% | 4.4% | 10.8% | 7.9% | 13.1% | 0.4% | 4.7% | 3.5% | 4.2% | 2.0% | 2.9% | 5.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GCMG's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GCMG financial results
In fiscal year 2025 (ended December 31, 2025), GCM Grosvenor reported revenue of $550.1 million, up 9.2% from the year before. It had net income of $45.4 million (up 142.7%), a net profit margin of 8.2%. Diluted earnings per share came to $0.80. Over five years revenue grew at an average rate of 4.8% a year.
See the GCMG stock overview for the latest quote and news, or the GCMG chart for price history and technical indicators.
GCMG income statement FAQ
What is GCM Grosvenor's annual revenue?
GCM Grosvenor reported total revenue of $550.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 9.2% from $503.5 million the previous year.
Is GCM Grosvenor profitable?
Yes. GCM Grosvenor reported net income of $45.4 million in fiscal 2025, a net profit margin of 8.2%; its operating margin was 26.9%.
What is GCM Grosvenor's gross margin?
GCM Grosvenor's gross margin was 99.2% in fiscal 2025: for every $100 of revenue, GCM Grosvenor kept $99 after the direct cost of its products and services.
How fast is GCM Grosvenor growing?
Revenue grew 4.8% a year on average over the last five fiscal years, from $434.2 million to $550.1 million.
What are GCM Grosvenor's earnings per share?
GCM Grosvenor earned $0.80 per diluted share in fiscal 2025, compared with $0.72 a year earlier.
When will GCM Grosvenor report its next earnings?
GCM Grosvenor is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does GCM Grosvenor's fiscal year end?
GCM Grosvenor's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.