Financial Services
Price
$140.15
-0.97%Market Cap
$31.5B
Day High
$141.26
Day Low
$136.12
Ares Management's Q2 FY2026 results were characterized by robust management fee growth and record AUM, partially offset by a decline in carried interest and a steep drop in operating cash flow.
Key risk: Sharp Decline in Operating Cash Flow
Operating cash flow for the six months ended June 30, 2026, was $55.1 million, down 97.7% year-over-year, primarily reflecting timing of fund distributions and working capital changes, which may indicate liquidity pressure if sustained.
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