Blue Owl Capital Inc. (OWL) Financial Statements
Blue Owl Capital financial statements at a glance
Blue Owl Capital reported revenue of $2.87 billion for fiscal year 2025 (ended December 31, 2025), up 25.0% from fiscal year 2024. Net income was $78.83 million, a net margin of 2.7%.
At the end of fiscal year 2025 it had total assets of $12.47 billion, total liabilities of $6.41 billion and shareholders' equity of $2.21 billion, with cash and short-term investments of $194.51 million and total debt of $3.86 billion.
Its operations brought in $1.26 billion of cash; capital spending was $57.75 million, leaving free cash flow of $1.20 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.
Blue Owl Capital Inc.
Income Statement
Annual • USD
Blue Owl Capital key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.3B | $1.7B | $1.4B | $823.9M |
| Gross profit | $1.6B | $1.3B | $861.0M | $475.0M | -$673.1M |
| Operating income | $456.3M | $606.8M | $317.8M | -$2.5M | -$927.3M |
| Net income | $78.8M | $109.6M | $54.3M | -$9.3M | -$376.2M |
| Diluted EPS | – | – | $0.10 | -$0.02 | -$1.34 |
| Total assets | $12.5B | $11.0B | $8.8B | $8.9B | $8.3B |
| Total liabilities | $6.4B | $5.2B | $3.5B | $3.3B | $2.4B |
| Shareholders' equity | $2.2B | $2.1B | $1.5B | $1.6B | $1.7B |
| Cash and short-term investments | $194.5M | $152.1M | $104.2M | $68.1M | $42.6M |
| Total debt | $3.9B | $3.0B | $2.0B | $1.9B | $1.3B |
| Operating cash flow | $1.3B | $999.6M | $949.1M | $728.4M | $281.7M |
| Capital spending | $57.7M | $64.2M | $67.9M | $65.5M | $5.3M |
| Free cash flow | $1.2B | $935.4M | $881.2M | $662.9M | $276.4M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2019.
Questions and answers
What was Blue Owl Capital's revenue in fiscal year 2025?
$2.87 billion, up 25.0% from $2.30 billion in fiscal year 2024.
How much profit does Blue Owl Capital make?
Blue Owl Capital reported net income of $78.83 million for fiscal year 2025 (2.7% of revenue); operating income was $456.25 million.
How much cash and debt does Blue Owl Capital have?
At the end of fiscal year 2025: cash and short-term investments of $194.51 million and total debt of $3.86 billion.
What is Blue Owl Capital's free cash flow?
$1.20 billion in fiscal year 2025 (operating cash flow of $1.26 billion minus capital spending of $57.75 million).
