Brookfield Asset Management Ltd. (BAM) Financial Statements

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Brookfield Asset Management financial statements at a glance

Brookfield Asset Management reported revenue of $4.61 billion for fiscal year 2025 (ended December 31, 2025), up 856.0% from fiscal year 2024. Net income was $2.49 billion, a net margin of 53.9%, and diluted earnings per share were $1.54.

At the end of fiscal year 2025 it had total assets of $17.05 billion, total liabilities of $6.74 billion and shareholders' equity of $8.12 billion, with cash and short-term investments of $1.58 billion and total debt of $3.62 billion.

Its operations brought in $2.10 billion of cash, leaving free cash flow of $2.10 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Brookfield Asset Management Ltd.

BAMUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
4.61B
Prev Year: 482.00M
YoY: +856.0%
Interest Income
9.00M
Non-operating Interest Income
9.00M
Operating Income
3.03B
Prev Year: 107.00M
YoY: +2735.5%
Operating Expense
201.00M
Prev Year: 7.00M
YoY: +2771.4%
Other General and Administrative
56.00M
Gross Profit
3.23B
Prev Year: 114.00M
YoY: +2737.7%
Cost of Revenue
1.37B
Prev Year: 368.00M
YoY: +273.1%
Operating Revenue
4.07B
Prev Year: 482.00M
YoY: +745.0%
Total Expenses
1.57B
Prev Year: 375.00M
YoY: +319.7%
Selling General and Administrative
56.00M
General and Administrative Expense
56.00M
Net Non Operating Interest Income Expense
-261.00M
Prev Year: -136.00M
YoY: -91.9%
Other Operating Expenses
145.00M
Prev Year: 7.00M
YoY: +1971.4%
Pre-tax Income
2.92B
Prev Year: 541.00M
YoY: +440.7%
Provision for Income Taxes
527.00M
Net Income Common Stockholders
2.48B
Prev Year: 541.00M
YoY: +359.3%
Net Income
2.48B
Prev Year: 541.00M
YoY: +359.3%
Net Income Including Non-Controlling Interests
2.40B
Prev Year: 541.00M
YoY: +343.3%
Net Income from Continuing Operations
2.40B
Prev Year: 541.00M
YoY: +343.3%
Noncontrolling Interests
87.00M
Diluted NI Available to Com Stockholders
2.48B
Prev Year: 541.00M
YoY: +359.3%
Basic EPS
1.54
Prev Year: 1.31
YoY: +17.6%
Diluted EPS
1.54
Prev Year: 1.28
YoY: +20.3%
Weighted Average Shares (basic)
1.61B
Prev Year: 409.40M
YoY: +293.8%
Weighted Average Shares (diluted)
1.63B
Prev Year: 419.60M
YoY: +288.1%
Net Income from Continuing and Discontinued Operation
2.48B
Prev Year: 541.00M
YoY: +359.3%
Normalized Income
2.48B
Prev Year: 541.00M
YoY: +359.3%
Reconciled Depreciation
40.00M
Net Income from Continuing Operation Net Minority Interest
2.48B
Prev Year: 541.00M
YoY: +359.3%
Tax Rate for Calcs
0.18
Prev Year: 0
Normalized EBITDA
3.23B
Prev Year: 677.00M
YoY: +377.8%
Reconciled Cost of Revenue
1.37B
Prev Year: 368.00M
YoY: +273.1%
EBITDA
3.23B
Prev Year: 677.00M
YoY: +377.8%
EBIT
3.19B
Prev Year: 677.00M
YoY: +371.9%
Net Interest Income
-261.00M
Prev Year: -136.00M
YoY: -91.9%
Interest Expense
270.00M
Prev Year: 136.00M
YoY: +98.5%
Other Income Expense
152.00M
Prev Year: 570.00M
YoY: -73.3%
Other Non-operating Income (expense)
-250.00M
Equity in Earnings of Affiliates
402.00M
Prev Year: 570.00M
YoY: -29.5%
Non-operating Interest Expense
270.00M
Prev Year: 136.00M
YoY: +98.5%
Values in USD

Brookfield Asset Management key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$4.6B$482.0M$383.0M$0$2.8B
Gross profit$3.2B$114.0M$57.0M$37.0M$2.1B
Operating income$3.0B$107.0M$52.0M$1.0M$2.1B
Net income$2.5B$541.0M$451.0M$19.0M$1.9B
Diluted EPS$1.54$1.28$1.12$4.83$4.64
Total assets$17.0B$4.4B$3.2B$3.2B$25.6B
Total liabilities$6.7B$1.1B$1.1B$784.0M$11.2B
Shareholders' equity$8.1B$3.2B$2.1B$2.4B$9.9B
Cash and short-term investments$1.6B$12.0M$9.0M$1.0M$2.5B
Total debt$3.6B$219.0M$256.0M$3.0M$461.0M
Operating cash flow$2.1B$627.0M$508.0M-$374.0M$1.4B
Capital spending–––$13.0M$35.0M
Free cash flow$2.1B$627.0M$508.0M-$387.0M$1.4B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was Brookfield Asset Management's revenue in fiscal year 2025?

$4.61 billion, up 856.0% from $482.00 million in fiscal year 2024.

How much profit does Brookfield Asset Management make?

Brookfield Asset Management reported net income of $2.49 billion for fiscal year 2025 (53.9% of revenue); operating income was $3.03 billion.

How much cash and debt does Brookfield Asset Management have?

At the end of fiscal year 2025: cash and short-term investments of $1.58 billion and total debt of $3.62 billion.

What is Brookfield Asset Management's free cash flow?

$2.10 billion in fiscal year 2025 (operating cash flow of $2.10 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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