BLUE OWL CAPITAL INC.

OWL 10-Q · Q1 2026

OWL Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 753,811 683,486 +10.3%
Show Product Lines breakouts
Administrative Service · Credit Platform 56,636 51,610 +9.7%
Administrative Service · GP Strategic Capital Platform 13,056 10,872 +20.1%
Administrative Service · Real Assets Platform 25,082 10,506 +138.7%
Alternative credit · Credit Platform 30,370 21,185 +43.4%
Asset Management1 747,746 677,174 +10.4%
Asset Management1 · Credit Platform 455,735 405,984 +12.3%
Asset Management1 · GP Strategic Capital Platform 158,315 151,234 +4.7%
Asset Management1 · Real Assets Platform 133,696 119,956 +11.5%
Digital infrastructure · Real Assets Platform 34,809 52,233 -33.4%
Direct lending · Credit Platform 337,468 299,089 +12.8%
Fee offsets · Credit Platform -7,356
Fee offsets · Real Assets Platform -3,516
GP debt financing · GP Strategic Capital Platform 4,798 2,392 +100.6%
GP minority stakes · GP Strategic Capital Platform 150,340 148,443 +1.3%
Investment grade credit · Credit Platform 17,803 16,687 +6.7%
Liquid credit · Credit Platform 4,752 7,480 -36.5%
Management fees · Credit Platform 406,455 354,374 +14.7%
Management fees · GP Strategic Capital Platform 145,259 140,362 +3.5%
Management fees · Real Assets Platform 112,130 109,450 +2.4%
Management Service Incentive 6,065 6,312 -3.9%
Management Service Incentive · Credit Platform 2,115 2,956 -28.5%
Management Service Incentive · Real Assets Platform 3,950 3,356 +17.7%
Net lease · Real Assets Platform 65,379 46,836 +39.6%
Other · Credit Platform 16,062 9,933 +61.7%
Professional sports minority stakes · GP Strategic Capital Platform 1,165 643 +81.2%
Real estate credit · Real Assets Platform 11,942 10,381 +15.0%
Strategic Revenue-Share Purchase consideration amortization · GP Strategic Capital Platform -11,044 -11,116 +0.6%
Show Platform Access [Axis] breakouts
Credit Platform 457,850 408,940 +12.0%
GP Strategic Capital Platform 158,315 151,234 +4.7%
Real Assets Platform 137,646 123,312 +11.6%
Show Related Party Transaction breakouts
Administrative fees · Related Party 37.6 30.4 +23.7%
Aircraft Services · Related Party 2.1 1.1 +90.9%
Dealer Manager Revenue · Related Party 31.5 26.8 +17.5%
Labor And Related Expense 375,874 325,940 +15.3%
Amortization Of Intangible Assets 84,538 89,473 -5.5%
General & Administrative 183,910 190,779 -3.6%
Total Costs & Expenses 644,322 606,192 +6.3%
Gain Loss On Investments 4,755 -7,700 +161.8%
Investment Income Interest And Dividend 11,765 11,230 +4.8%
Interest Expense -43,881 -38,524 -13.9%
Fair Value Adjustment On Tax Receivable Agreement -2,395 -4,276 +44.0%
Fair Value Adjustment Of Earnout Securities Liability 16,100 2,318 +594.6%
Non-Operating Income (Expense) -13,656 -36,952 +63.0%
Income Before Taxes 95,833 40,342 +137.6%
Income Tax Expense (Benefit) 16,240 3,672 +342.3%
Net Income 79,593 36,670 +117.1%
Net Income Loss Attributable To Noncontrolling Interest -64,051 -29,240 -119.1%
Show Equity Components breakouts
Noncontrolling Interest 64,051 29,240 +119.1%
Net Income 15,542 7,430 +109.2%
Show Equity Components breakouts
Retained Earnings 15,542 7,430 +109.2%
EPS (Basic) 0.02 0.01 +100.0%
EPS (Diluted) 0.02 0
Wtd Avg Shares (Basic) 680,422,783 625,854,106 +8.7%
Wtd Avg Shares (Diluted) 681,072,472 638,492,523 +6.7%
Revenue 138,028 132,556 +4.1%
Comprehensive Income 14,124 7,430 +90.1%
Other Comprehensive Income (Q)
Show Equity Components breakouts
Accumulated Other Comprehensive Income -1,418
Net Income Loss Available To Common Stockholders Basic 15,542 7,430 +109.2%
Interest Income Operating (Q)
Show Counterparty Name breakouts
November 15, 2022 Note · Related Party Promissory Note 0.2 0.2 0.0%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 190,457 97,618 +95.1%
Non-Current Assets
Operating Lease Right-of-Use Assets 449,113 341,804 +31.4%
Deferred Tax Assets 1,422,365 1,261,280 +12.8%
Intangible Assets 2,804,262 3,158,279 -11.2%
Goodwill 5,624,469
Total Assets 12,414,725 12,286,178 +1.0%
Property, Plant & Equipment 228,278 201,700 +13.2%
Other Assets
Other Receivables 706,156 664,951 +6.2%
Show Related Party Transaction breakouts
Administrative fees · Related Party 97,645 66,434 +47.0%
Management fees · Related Party 433,056 449,694 -3.7%
Other expenses paid on behalf of the Company’s products and other related parties · Related Party 175,429 146,500 +19.7%
Realized Performance Income [Member] · Related Party 26 2,323 -98.9%
Show Related Party Transactions By Related Party breakouts
Related Party 706,156 664,951 +6.2%
Investments 511,030 466,136 +9.6%
Strategic Revenue Share Purchase Consideration 318,163 362,412 -12.2%
Other Assets 388,710 309,230 +25.7%
Non-Current Liabilities
Long-Term Debt 3,825,829 3,190,203 +19.9%
Show Debt Instrument breakouts
2028 Notes · Senior Notes 59,189 58,882 +0.5%
2031 Notes · Senior Notes 691,221 689,522 +0.2%
2032 Notes · Senior Notes 394,520 393,581 +0.2%
2034 Notes · Senior Notes 982,042 979,798 +0.2%
2051 Notes · Senior Notes 338,857 338,420 +0.1%
Revolving Credit Facility · Line Of Credit 1,360,000
Employee Related Liabilities Current And Noncurrent 289,625 235,156 +23.2%
Deferred Tax Liabilities 40,106 40,289 -0.5%
Total Liabilities 6,627,117 5,856,978 +13.1%
Other Liabilities
Operating Lease Liability 530,689 409,252 +29.7%
Tax Receivable Agreement Liability 1,612,609 1,442,973 +11.8%
Show Fair Value By Measurement Basis breakouts
Portion At Other Than Fair Value Fair Value Disclosure · Fair Value Measurements Nonrecurring 1.6 1.3 +23.1%
Earnout Securities Liability 147,600 306,206 -51.8%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 147,600
Accounts Payable And Other Accrued Liabilities 180,659 232,899 -22.4%
Stockholders' Equity
Common Stock (Q)
Show Statement Class Of Stock breakouts
Class D Shares 30 31 -3.2%
Common Class A 68 63 +7.9%
Common Class C 58 61 -4.9%
Additional Paid-In Capital 3,843,448 3,579,592 +7.4%
Retained Earnings -1,744,454 -1,244,211 -40.2%
Accumulated Other Comprehensive Income 474
Total Stockholders' Equity 2,099,624 2,335,536 -10.1%
Minority Interest 3,687,984 4,093,664 -9.9%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 5,787,608 6,429,200 -10.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 474
Additional Paid In Capital 3,843,448 3,579,592 +7.4%
Common Stock · Class D Shares 30 31 -3.2%
Common Stock · Common Class A 68 63 +7.9%
Common Stock · Common Class C 58 61 -4.9%
Noncontrolling Interest 3,687,984 4,093,664 -9.9%
Parent 2,099,624 2,335,536 -10.1%
Retained Earnings -1,744,454 -1,244,211 -40.2%
Total Liabilities & Equity 12,414,725 12,286,178 +1.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Stock-Based Compensation 195,522 169,676 +15.2%
Depreciation 6,380 5,557 +14.8%
Amortization Of Financing Costs And Discounts 1,994 1,932 +3.2%
Non Cash Interest And Dividend Income -9,773 -8,573 -14.0%
Adjustment For Net Change In Operating Lease Assets And Operating Lease Liabilities -367 2,268 -116.2%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions -3,595 8,358 -143.0%
Deferred Income Taxes 11,193 1,898 +489.7%
Increase Decrease In Due From Related Parties -12,100 -73,943 +83.6%
Increase Decrease In Strategic Revenue Share Purchase Consideration 11,044 11,116 -0.6%
Increase Decrease In Other Operating Assets -1,738 -35,665 +95.1%
Increase Decrease In Employee Related Liabilities -260,241 -212,518 -22.5%
Increase Decrease In Other Accounts Payable And Accrued Liabilities 14,063 19,379 -27.4%
Net Cash from Operations 102,808 17,586 +484.6%
Investing Activities
Capital Expenditures -13,825 -13,340 -3.6%
Payments To Acquire Investments -38,341 -22,205 -72.7%
Proceeds From Sale Maturity And Collections Of Investments 25,066 43,229 -42.0%
Net Cash from Investing -27,100 -197,023 +86.2%
Financing Activities
Proceeds From Issuance Of Debt 1,040,000 959,997 +8.3%
Debt Repayments -540,000 -360,000 -50.0%
Tax Receivable Agreement Payment -64,799 -53,110 -22.0%
Show Related Party Transactions By Related Party breakouts
Related Party -4.6 -4.7 +2.1%
Tax Withholding for Share Compensation -31,974 -53,390 +40.1%
Payments Of Dividends Common Stock -150,541 -110,010 -36.8%
Share Repurchases -25,000
Proceeds From Minority Shareholders 5,231 9,237 -43.4%
Payments Of Dividends Minority Interest -312,680 -267,746 -16.8%
Net Cash from Financing -79,763 124,966 -163.8%
Supplemental
Interest Paid 22,360 13,294 +68.2%
Income Taxes Paid 6,550 5,207 +25.8%
Other Cash Flow
Net Change in Cash -4,055 -54,471 +92.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 190,457 97,618 +95.1%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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