GCMG on Nasdaq
GCM Grosvenor Inc.
American investment advice company, incorporated in Delaware.
Price unavailable
Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
23.9%Operating margin2
8.1%Net margin2
8.5%Revenue growth, 20252
168.1%Return on equity2
15.87×Debt to equity2
$175.0MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Management Fees Before Reimbursement Revenue brought in 74% of the revenue GCM Grosvenor Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Management Fees Before Reimbursement Revenue | $360.9M | $387.0M | $408.0M |
| Management Service, Incentive, Performance Fees | $15.3M | $55.3M | $68.2M |
| Management Service, Incentive, Carried Interest | $49.6M | $50.9M | $55.3M |
| Expense Reimbursement | $14.6M | $14.7M | $17.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin19¢$104.8M
- Other costs71¢$394.5M
- Income tax2¢$12.9M
- Profit8¢$45.4M
Out of $557.6M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending5¢$8.5M
- Share buybacks17¢$30.7M
- Kept or used elsewhere79¢$144.4M
Out of $183.5M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total operating revenues | $557.6M | $514.0M | $445.0M |
| Employee compensation and benefits | $319.3M | $336.2M | $356.0M |
| General, administrative and other | $104.8M | $104.3M | $100.8M |
| Total operating expenses | $424.1M | $440.5M | $456.8M |
| Operating income (loss) | $133.5M | $73.5M | -$11.8M |
| Investment income | $16.3M | $15.6M | $11.6M |
| Interest expense | -$22.8M | -$24.2M | -$23.7M |
| Other income | $6.3M | $1.3M | $1.0M |
| Change in fair value of warrant liabilities | $21.7M | -$16.1M | $1.4M |
| Net other income (expense) | $21.5M | -$23.3M | -$9.7M |
| Income (loss) before income taxes | $154.9M | $50.2M | -$21.5M |
| Provision for income taxes | $12.9M | $13.6M | $7.7M |
| Net income (loss) | $142.0M | $36.6M | -$29.2M |
| Less: Net income attributable to noncontrolling interests in subsidiaries | $3.5M | $2.5M | $5.0M |
| Less: Net income (loss) attributable to noncontrolling interests in GCMH | $93.2M | $15.4M | -$47.0M |
| Net income attributable to GCM Grosvenor Inc. | $45.4M | $18.7M | $12.8M |
| Basic (in dollars per share) | $0.87 | $0.42 | $0.30 |
| Diluted (in dollars per share) | $0.42 | $0.03 | -$0.28 |
| Basic (in shares) | 52.0M shares | 44.7M shares | 43.2M shares |
| Diluted (in shares) | 197.3M shares | 190.6M shares | 187.4M shares |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $242.1M | $89.5M | |
| Management fees receivable | $23.9M | $28.4M | |
| Incentive fees receivable | $73.9M | $58.3M | |
| Investments | $275.3M | $257.8M | |
| Premises and equipment, net | $29.9M | $22.7M | |
| Lease right-of-use assets | $40.0M | $41.1M | |
| Intangible assets, net | $0 | $1.3M | |
| Goodwill | $29.0M | $29.0M | |
| Deferred tax assets, net | $56.7M | $51.2M | |
| Other assets | $28.4M | $20.8M | |
| Total assets | $813.8M | $612.7M | |
| Accrued compensation and employee related obligations | $108.1M | $112.5M | |
| Debt | $428.4M | $432.0M | |
| Payable to related parties pursuant to the tax receivable agreement | $54.6M | $51.4M | |
| Lease liabilities | $51.8M | $53.9M | |
| Warrant liabilities | $0 | $22.5M | |
| Accrued expenses and other liabilities | $43.3M | $30.7M | |
| Total liabilities | $686.3M | $703.1M | |
| Preferred stock, $0.0001 par value, 100,000,000 shares authorized; none issued | $0 | $0 | |
| Additional paid-in capital | $44.0M | $5.8M | |
| Accumulated other comprehensive income (loss) | -$770.0K | $1.6M | |
| Retained earnings | -$16.3M | -$35.0M | |
| Total GCM Grosvenor Inc. equity (deficit) | $27.0M | -$27.6M | |
| Noncontrolling interests in subsidiaries | $44.0M | $52.2M | |
| Noncontrolling interests in GCMH | $56.4M | -$115.0M | |
| Total equity (deficit) | $127.4M | -$90.3M | -$111.2M |
| Total liabilities and equity (deficit) | $813.8M | $612.7M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, authorized (in shares) | 100.0M shares | 100.0M shares | |
| Preferred stock issued (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $142.0M | $36.6M | -$29.2M |
| Depreciation and amortization expense | $4.4M | $3.3M | $2.7M |
| Equity-based compensation, equity-classified awards | $40.4M | $31.4M | $21.6M |
| Deferred income tax expense | $4.1M | $7.8M | $2.8M |
| Other non-cash compensation | $448.0K | $558.0K | $1.2M |
| Partnership interest-based compensation | $46.2M | $72.1M | $103.9M |
| Amortization of debt issuance costs | $776.0K | $902.0K | $1.1M |
| Amortization of terminated swap | -$7.6M | -$7.6M | -$6.7M |
| Loss on extinguishment of debt | $0 | $157.0K | $0 |
| Change in fair value of warrant liabilities | -$21.7M | $16.1M | -$1.4M |
| Change in payable to related parties pursuant to tax receivable agreement | -$1.8M | $859.0K | $1.6M |
| Proceeds received from investments | $16.8M | $13.1M | $10.5M |
| Non-cash investment income | -$16.3M | -$15.6M | -$11.6M |
| Non-cash lease expense | $3.8M | $5.6M | $6.9M |
| Other | $97.0K | $519.0K | $513.0K |
| Management fees receivable | $4.6M | -$3.4M | -$6.2M |
| Incentive fees receivable | -$15.5M | -$31.0M | -$10.9M |
| Due from related parties | -$1.9M | $900.0K | -$462.0K |
| Other assets | -$7.5M | -$3.5M | $2.3M |
| Accrued compensation and employee related obligations | -$6.4M | $13.2M | $8.2M |
| Lease liabilities | -$4.8M | $4.2M | -$7.0M |
| Accrued expenses and other liabilities | $3.4M | $2.7M | $2.2M |
| Net cash provided by operating activities | $183.5M | $148.8M | $92.1M |
| Purchases of premises and equipment | -$8.5M | -$16.7M | -$3.8M |
| Contributions/subscriptions to investments | -$34.7M | -$26.2M | -$27.6M |
| Distributions from investments | $16.7M | $11.1M | $12.6M |
| Net cash used in investing activities | -$26.5M | -$31.8M | -$18.8M |
| Capital contributions received from noncontrolling interest | $3.2M | $1.9M | $2.3M |
| Capital distributions paid to partners and member | -$82.2M | -$69.6M | -$58.3M |
| Capital distributions paid to the noncontrolling interest | -$14.9M | -$12.4M | -$15.4M |
| Proceeds from senior loan issuance | $0 | $50.0M | $0 |
| Principal payments on senior loan | -$4.4M | -$3.2M | -$4.0M |
| Debt issuance costs | $0 | -$556.0K | $0 |
| Payments to repurchase Class A common stock | -$30.7M | $0 | -$4.5M |
| Proceeds from exercise of warrants | $119.7M | $0 | $0 |
| Settlement of equity-based compensation in satisfaction of withholding tax requirements | -$16.2M | -$12.7M | -$10.2M |
| Proceeds from Share Purchase Agreement, net | $49.8M | $0 | $0 |
| Dividends paid | -$25.3M | -$20.5M | -$20.3M |
| Payments to related parties, pursuant to tax receivable agreement | -$3.8M | -$3.2M | -$3.2M |
| Net cash used in financing activities | -$4.9M | -$70.4M | -$113.7M |
| Effect of exchange rate changes on cash | $492.0K | -$1.5M | -$372.0K |
| Net increase (decrease) in cash and cash equivalents | $152.7M | $45.1M | -$40.8M |
| Cash paid during the year for interest | $28.6M | $32.3M | $30.0M |
| Cash paid during the year for income taxes, net | $6.5M | $5.0M | $3.4M |
| Non-cash ROU assets obtained in exchange for new and extended operating leases | $3.0M | $9.1M | $34.1M |
| Non-cash adjustment to operating lease right-of-use assets from lease modification | -$444.0K | -$790.0K | -$836.0K |
| Non-cash premises and equipment additions in accrued expenses and other liabilities | $1.8M | $781.0K | $693.0K |
| Deemed contributions from GCMH Equityholders | $46.2M | $72.1M | $103.9M |
| Establishment of deferred tax assets, net related to non-cash activities | -$768.0K | -$492.0K | $384.0K |
| Non-cash change in payable to related parties pursuant to tax receivable agreement | $7.0M | $859.0K | $1.6M |
Leadership
Who has led GCM Grosvenor Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerMichael Jay Sacks Nov 17, 2020 to now12
- PresidentJonathan Reisin Levin Nov 17, 2020 to now13
- Chief financial officerPamela L. Bentley Jan 11, 2021 to now14
- Chief operating officerFrancis Osarume Idehen Nov 17, 2020 to Aug 17, 202115
Board members and other officers (10)
- Chief Investment OfficerFrederick Pollock Nov 17, 2020 to now16
- M D and Head of AccountingKathleen Patricia Sullivan Nov 17, 2020 to now17
- Chief HR OfficerSandra Hurse Nov 17, 2020 to now18
- Board memberDavid Helfand Feb 24, 2025 to now19
- Board memberAngela Blanton Nov 17, 2020 to now20
- Board memberBlythe Masters Nov 17, 2020 to Jan 2, 202521
- Board memberFrancesca Cornelli Nov 17, 2020 to now22
- Board memberJonathan Reisin Levin Nov 17, 2020 to now13
- Board memberMichael Jay Sacks Nov 17, 2020 to now12
- Board memberStephen Malkin Nov 17, 2020 to now23
Timeline
- Nov 17, 2020New chief executive Michael Jay Sacks becomes CEO12
Recent filings
- Oct 1, 20264
- Oct 1, 20264
- Oct 1, 20264
- Oct 1, 20264
- Sep 16, 2026144
- Sep 16, 20264
- Sep 15, 2026144
- Sep 3, 20264
- Aug 17, 20264
- Aug 17, 20264
- Aug 13, 2026SCHEDULE 13G/A
- Aug 10, 20268-K
- Aug 10, 202610-Q
- Jul 31, 2026SCHEDULE 13G/A
- Jul 17, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12
- 13SEC EDGARJonathan Reisin Levin, President
- 14
- 15
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- 17
- 18SEC EDGARSandra Hurse, Chief HR Officer
- 19SEC EDGARDavid Helfand, Board member
- 20SEC EDGARAngela Blanton, Board member
- 21SEC EDGARBlythe Masters, Board member
- 22SEC EDGARFrancesca Cornelli, Board member
- 23SEC EDGARStephen Malkin, Board member