OWL
$8.95-1.54%
as of close, Oct 1, 2026
☾ AH $8.95 -1.54%
OWL financial statements
The full income statement, balance sheet, and cash-flow statement for Blue Owl Capital Inc. (OWL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.44B2024-09 1.49B2024-12 1.50B2025-03 1.54B2025-06 1.55B2025-09 1.56B2025-12 1.56B2026-03 1.56B2026-06 688.5M-52.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.87B+25.0% | 2.30B+32.6% | 1.73B+26.4% | 1.37B+66.3% | 824M+229.8% | |
| Selling, general & administrative | 748M+81.1% | 413M+70.1% | 243M+10.1% | 221M+57.3% | 140M+106.9% | |
| General & administrative | 748M+81.1% | 413M+70.1% | 243M+10.1% | 221M+57.3% | 140M+106.9% | |
| Amortization of intangibles | 359M+39.0% | 258M-14.0% | 300M+16.9% | 257M+125.6% | 114M | |
| Interest expense | 164M+34.3% | 122M+61.0% | 75.7M+26.0% | 60.1M+117.1% | 27.7M+16.1% | |
| Net interest income | — | 23.1M | 0.00+100.0% | -6.00K | — | |
| Other non-operating income | -108M+21.2% | -138M-92.5% | -71.4M-51.6% | -47.1M+95.0% | -940M-3847.8% | |
| Pre-tax income | 348M-25.9% | 469M+90.4% | 246M+596.6% | -49.6M+97.3% | -1.87B-2162.4% | |
| Income tax | 42.4M-13.0% | 48.8M+90.5% | 25.6M+373.0% | -9.38M+85.6% | -65.2M-63832.4% | |
| 78.8M-28.1% | 110M+101.7% | 54.3M+685.0% | -9.29M+97.5% | -376M-383.3% | ||
| Net income to non-controlling interest | 227M-27.1% | 311M+86.8% | 166M+637.8% | -30.9M+97.8% | -1.43B-30834.8% | |
| Net income to common | 78.8M-28.1% | 110M+101.7% | 54.3M+685.0% | -9.29M | — | |
| $0.10-50.0% | $0.20+100.0% | $0.10+600.0% | -$0.02 | — | ||
| EPS (basic) | $0.12-40.0% | $0.20+66.7% | $0.12+700.0% | -$0.02 | — | |
| Weighted-avg shares (basic) | 655M+19.3% | 549M+18.5% | 463M+6.9% | 433M | — | |
| Weighted-avg shares (diluted) | 662M+18.5% | 558M+16.8% | 478M+10.3% | 433M | — | |
| Dividends per share | $0.85+25.7% | $0.68+23.6% | $0.55+27.9% | $0.43+230.8% | $0.13 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 195M+27.9% | 152M+46.0% | 104M+53.0% | 68.1M+59.9% | 42.6M+266.0% | |
| 12.5B+13.4% | 11.0B+24.7% | 8.82B-0.8% | 8.89B+7.6% | 8.27B+6698.2% | ||
| Property, plant & equipment | 219M+16.6% | 188M+39.2% | 135M+89.5% | 71.2M+795.4% | 7.95M+136.9% | |
| Operating lease right-of-use | 456M+40.3% | 325M+15.4% | 282M+25.5% | 224M+160.8% | 86.0M+523.4% | |
| Goodwill | 5.62B+19.7% | 4.70B+11.3% | 4.22B+0.5% | 4.21B+1.8% | 4.13B | |
| Intangible assets | 2.89B-0.5% | 2.90B+37.6% | 2.11B-12.3% | 2.41B-7.9% | 2.61B | |
| Deferred tax assets | 1.41B+13.5% | 1.25B+59.3% | 782M+3.2% | 757M+19.1% | 636M-20.5% | |
| 6.41B+23.7% | 5.19B+46.5% | 3.54B+5.8% | 3.34B+38.3% | 2.42B+288.4% | ||
| Long-term debt | 3.32B+28.4% | 2.59B+54.0% | 1.68B+3.5% | 1.62B+38.4% | 1.17B+229.5% | |
| Operating lease liability (total) | 538M+37.9% | 390M+22.2% | 320M+33.2% | 240M+171.1% | 88.5M+514.4% | |
| Deferred tax liabilities | 39.7M+7.6% | 36.9M+7.1% | 34.4M-17.6% | 41.8M-14.6% | 49.0M | |
| 2.21B+3.6% | 2.13B+39.2% | 1.53B-4.8% | 1.60B-3.5% | 1.66B+33171.3% | ||
| Additional paid-in capital | 3.81B+16.6% | 3.27B+35.6% | 2.41B+5.1% | 2.29B+6.2% | 2.16B+20920.1% | |
| Retained earnings | -1.61B-41.0% | -1.14B-29.3% | -883M-28.1% | -689M-38.6% | -498M-9319.8% | |
| Accumulated other comprehensive income | 1.89M | 0.00 | — | — | — | |
| Non-controlling interest | 3.85B+4.6% | 3.68B-1.9% | 3.75B-4.9% | 3.94B-5.7% | 4.18B-35.9% | |
| Total equity incl. non-controlling | 6.05B+4.3% | 5.81B+10.0% | 5.28B-4.9% | 5.55B-5.1% | 5.85B+1266.8% | |
| Total liabilities & equity | 12.5B+13.4% | 11.0B+24.7% | 8.82B-0.8% | 8.89B+7.6% | 8.27B+6698.2% | |
| Common shares outstanding | 1.56B+3.8% | 1.50B+6.0% | 1.41B+1.5% | 1.39B-0.4% | 1.40B | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.26B+25.7% | 1000M+5.3% | 949M+30.3% | 728M+158.6% | 282M+5281.3% | ||
| Depreciation & amortization | 382M+39.1% | 275M-11.5% | 311M+19.8% | 259M+126.3% | 115M+16921.4% | |
| Intangible amortization | 359M+39.0% | 258M-14.0% | 300M+16.9% | 257M+125.6% | 114M | |
| Share-based compensation | 674M+115.5% | 313M+0.0% | 313M-25.7% | 421M-65.1% | 1.21B | |
| Deferred income taxes | 21.2M-20.8% | 26.8M+536.4% | 4.20M+117.6% | -23.9M+63.8% | -66.1M-13823.8% | |
| -271M+57.6% | -638M-440.7% | -118M+75.7% | -485M+69.7% | -1.60B-245125.8% | ||
| Capital expenditure | 57.7M-10.0% | 64.2M-5.5% | 67.9M+3.6% | 65.5M+1145.8% | 5.26M+706.9% | |
| Free cash flow | 1.20B+28.1% | 935M+6.1% | 881M+32.9% | 663M+139.8% | 276M+5932.2% | |
| Acquisitions | 245M-45.1% | 445M+1595.1% | 26.3M-77.1% | 114M-92.8% | 1.58B | |
| Purchases of investments | 94.3M-75.1% | 378M+340.3% | 85.9M-72.2% | 309M-6.0% | 329M+996.0% | |
| Sales/maturities of investments | 126M-49.5% | 250M+302.1% | 62.1M+1500.9% | 3.88M-98.8% | 314M+946.8% | |
| -943M-200.8% | -313M+60.6% | -795M-265.2% | -218M-116.1% | 1.35B+457100.3% | ||
| Long-term debt issued | 2.27B+4.6% | 2.17B+105.7% | 1.05B+36.1% | 775M-44.3% | 1.39B+478.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 53.7M | 0.00 | 0.00-100.0% | 78.8M | 0.00 | |
| Dividends paid | 547M+48.4% | 368M+48.6% | 248M+35.8% | 183M+287.8% | 47.1M | |
| Net change in cash | 42.4M-11.5% | 47.9M+32.8% | 36.1M+41.4% | 25.5M-17.5% | 30.9M+621.6% | |
| Interest paid | 155M+53.6% | 101M+41.3% | 71.6M+50.0% | 47.7M+90.8% | 25.0M+7.7% | |
| Income taxes paid | 17.1M-22.6% | 22.1M+55.4% | 14.2M+197.8% | 4.78M+9.9% | 4.35M+2965.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 23.3B-33.3% | 34.9B+66.1% | 21.0B+41.6% | 14.8B-28.9% | 20.9B | |
| P/E | 294.9×-7.3% | 318.1×-42.6% | 554.2× | — | — | |
| P/S | 8.1×-46.7% | 15.2×+18.2% | 12.9×+9.5% | 11.7×-53.6% | 25.3× | |
| P/B | 10.5×-35.7% | 16.4×+20.3% | 13.6×+52.0% | 9.0×-28.6% | 12.5× | |
| P/FCF | 19.4×-47.9% | 37.3×+52.4% | 24.4×-7.3% | 26.4×-65.0% | 75.5× | |
| Earnings yield | 0.34%+7.9% | 0.31%+74.2% | 0.18% | — | — | |
| FCF yield | 5.2%+92.1% | 2.7%-34.4% | 4.1%+7.9% | 3.8%+186.0% | 1.3% | |
| Dividend yield | 5.7%+95.8% | 2.9%-20.8% | 3.7%-9.0% | 4.1%+365.3% | 0.87% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: OWL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all OWL filings on SEC EDGAR → Not investment advice.