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ARESAres Management

Financials · Asset Management · NYSE

Ares is a leading global alternative investment manager with $622.5 billion of assets under management and over 4,250 employees in over 55 offices in more than 25 countries. 10-K, Item 1

Employees
4,250
Headquarters
Los Angeles, CA
CEO
Michael J. Arougheti
Next results
around Feb 4, 2027
Compare with peers → Embed
RevenueFY2016–25 $5.6B+44.2% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $527.4M+13.7% Highest in 10 years 10-K FY2025 · XBRL

What changed

10-K filed Feb 25, 2026 against Feb 27, 2025
AreaWhat changedSource
Risk factors53 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Critical audit matters changedNew this year: F-3 (“As disclosed in Note 3 of the consolidated financial statements, the Company acquired the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”) in 2025 for total consideration of $3,916.5 million. The tra”); Accounting for the acquisition of GCP International (“As disclosed in Note 3 of the consolidated financial statements, the Company acquired the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”) in 2025 for total consideration of $3,916.5 million. The tra”). Same as last year: F-2; Valuation of underlying investments of equity method investments10-K · XBRL
Accounting checks7 other checks clear, 1 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings2 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 25, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-27. Quoted as filed.

  1. Changes in trade policies, including the imposition of new tariffs or increases in existing tariffs between the U.S., Mexico, Canada, China or other countries, or reactionary measures in response thereto, including retaliatory tariffs, legal challenges, or currency manipulation, could adversely affect the market conditions in which we…
    10-K, Item 1A
All 53 new paragraphs →

Accounting checks

latest 10-K

7 of 8 clear 1 worth a look. Checks, not verdicts.

  • !
    Critical audit matters changedNew this year: F-3 (“As disclosed in Note 3 of the consolidated financial statements, the Company acquired the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”) in 2025 for total consideration of $3,916.5 million. The tra”); Accounting for the acquisition of GCP International (“As disclosed in Note 3 of the consolidated financial statements, the Company acquired the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”) in 2025 for total consideration of $3,916.5 million. The tra”). Same as last year: F-2; Valuation of underlying investments of equity method investments
  • ✓
    Same auditor in both 10-Ks: Ernst & Young LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Work on ARES in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ARES/export.csv") into a cell.