GCMG · GCM Grosvenor Inc.
$12.89
+0.09 (+0.70%)
At close · Sep 30
Return incl. dividend (before tax)
Market Cap
$2.64B
Shares
202.79M
Volume · Sep 30
395.77K
Avg daily vol (3M)
499.76K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$12.80
Open$13.13
Day$12.65–13.13
52W close$9.45–14.05
Avg vol 30d472K
Short int1.2M · 0.6% float · 3.3d
Short vol60%
Last earningsAug 10, 2026
DataJan 2020–Sep 2026
Filing10-Q · Aug 10
Up next
Next earnings call
Nov 11, 2026
Est · unconfirmed
· in 6 wks
filed Aug 10, 2026
call held Aug 10, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$571.18M
Trailing 12 months
Net income (TTM)
$44.50M
Trailing 12 months
Revenue growth YoY
+12.3%
Year over year
Operating margin
27.1%
Trailing 12 months
P / E (TTM)
22.5
Trailing earnings · reciprocal yield 4.5%
FCF yield
7.0%
TTM · current market cap
Return on invested capital
56.5%
Trailing 12 months
Net cash
−$222.41M
Latest balance sheet
Dividend yield
3.8%
Trailing 12 months
Shares change YoY
+3.7%
Year over year · more shares
Price change (1Y)
+6.0%
Trailing year
Short interest
0.6%
Latest settlement · 3.3 days to cover
AI Brief
Q2 FY26 earnings call · Aug 10, 2026
Q2 FY26
TL;DR. GCM Grosvenor reported Q2 2026 with 13% AUM/FPAUM growth and 21%/22% increases in fee-related earnings and adjusted net income, while disclosing a sizable ~$3.5B unrealized SpaceX position driving ARS returns; GAAP net income fell 38% YoY to $9.6M and the firm flagged variability in unrealized performance fees tied to SpaceX share price.
Bullish
- + AUM and fee-paying AUM both rose ~13% year-over-year to $97B and $78B
- + Fundraising accelerated to $2.3B in Q2 from $1.5B in Q1, with credit raising over $900M
- + Closed inaugural Credit Secondaries Fund at approximately $1.2B
- + Fee-related earnings up 21% and adjusted net income up 22% year-over-year; FRE margin at 45%
- + Embedded incentive fee opportunity with $35-40M of unrealized annual performance fees and $493M firm share of unrealized carried interest
Bearish
- − GAAP net income declined 38% year-over-year in Q2 to $9.6M
- − SpaceX-related unrealized performance fees create variability, with each $10 share-price move worth ~$4M of performance fees
- − ARS Q2 gross returns of 14% inclusive of SpaceX drop to 10% excluding SpaceX, highlighting concentration in a single issuer
- − Back-half fees guided without expected material catch-up fees and ARS reliance on SpaceX marks
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Neutral
Momentum
Strong
Sentiment
Neutral
Fundamentals
Excellent
Quant / Vol
Moderate
Market backdrop
VIX 16 · calm
Equity put/call 0.38
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+9%
above
Price vs 50-day avg
−3%
below
RSI (14)
45
neutral
MACD trend
Negative
52-week position
73%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−7%
trailing
6-month return
+28%
trailing
YTD return
+13%
this year
Relative strength
+15%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $13 › 200d $12 — 50d above 200d
Institutional flow
Accumulating
+1% holders QoQ · +24 funds added
Insider flow
Distributing
Net -$8.1M over 90 days · 100% sells
Short interest
Falling
0.59% of float · ▼ -25.8% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
148 holders — mid 3-yr range
Squeeze score
38
low risk · 0–100
Fundamentals
Revenue growth
+8%
Y/Y
EPS growth
+1300%
Y/Y
Free cash flow
$175.0M
Buyback
$55.0M
remaining
Balance sheet
$186.3M
net debt
Quant / Vol
risk profile
Volatility
35%
annualized · 1-yr
Max drawdown
−22%
past year
ATR
3.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 10, 2021
Fee-related earnings growth
· year-over-year
15% – 20%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+9%
Bullish
Price vs 50-day avg
−3%
Neutral
RSI (14)
45
Neutral
MACD trend
Negative
Bearish
52-week position
73%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $13 › 200d $12 — 50d above 200d
Institutional flow
Accumulating
+1% holders QoQ · +24 funds added
Insider flow
Distributing
Net -$8.1M over 90 days · 100% sells
Short interest
Falling
0.59% of float · ▼ -25.8% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
148 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $9
Now $13 · 73%
Range high $14
vs 200-day avg +9%
vs 50-day avg -3%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Absolute Return Strategies FPAUM | 28.8B | Q2 2026 | — |
| Absolute Return Strategies Management Fees | $42.45M | THREE MONTHS ENDED JUN 30, 2026 | — |
| Adjusted EBITDA non-GAAP | $57.2M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted Net Income 39.16M
+12.57M Adjusted income taxes
+1.03M Depreciation expense
+4.43M Interest expense
= Adjusted EBITDA 57.2M
|
|||
| Adjusted EBITDA Margin non-GAAP | 45% | Q2 2026 | — |
| Adjusted Net Income non-GAAP | $39.2M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted Pre-Tax Income 51.74M
-12.57M Adjusted income taxes
= Adjusted Net Income 39.16M
|
|||
| Adjusted Net Income Per Share non-GAAP | $0.37 | Six Months Ended June 30, 2026 | — |
| Adjusted Pre-Tax Income non-GAAP | 51.74M | the three months ended June 30, 2026 filing | — |
| Adjusted Shares non-GAAP | 203,583,596 | the three months ended June 30, 2026 filing | — |
| AUM | 96.7B | the three months ended June 30, 2026 filing | — |
| AUM Subject to Carried Interest | 51B | Q2 2026 | — |
| Average Fee Rate - Absolute Return Strategies (Management Fee Only) | 0.65% | THREE MONTHS ENDED JUN 30, 2026 | — |
| Carried Interest non-GAAP | 16.18M | the three months ended June 30, 2026 filing | — |
| CNYFPAUM | 9.7B | Q2 2026 | — |
| Contracted Not Yet Fee-Paying AUM | 9.7B | Q2 2026 | — |
| Customized Separate Accounts Management Fees | $38.14M | THREE MONTHS ENDED JUN 30, 2026 | — |
| Direct-Oriented % of Private Markets AUM | 55% | Q2 2026 | — |
| Direct-Oriented Primary Funds AUM | 36.3B | Q2 2026 | — |
| Employees | 554 | Q2 2026 | — |
| Fee-Related Earnings | $50.3M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted EBITDA 57.2M
-17.59M Incentive fees
-1.03M Depreciation expense
-1.01M Other non-operating income
-1.19M Realized investment income, net of amount attributable to noncontrolling interests in subsidiaries
+13.43M Incentive fee-related compensation
+475K Carried interest attributable to other noncontrolling interest holders
= Fee-Related Earnings 50.28M
|
|||
| Fee-Related Earnings Margin non-GAAP | 45% | Q2 2026 | — |
| Fee-Related Revenue non-GAAP | $110.8M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Management fees, net 108.82M
+1.99M Administrative fees and other operating income
= Fee-Related Revenue 110.8M
|
|||
| Firm Share of Incentive Fees non-GAAP | 8.19M | the three months ended June 30, 2026 filing | — |
| FPAUM | 78.1B | Q2 2026 | — |
| Gross Annualized Returns - One Year | 12.6% | ONE YEAR PERIODS ENDED JUN 30, 2026 | — |
| Gross Unrealized Carried Interest | 965M | Q2 2026 | — |
| Last twelve month fundraising | 9.3B | Q2 2026 | — |
| Management fees, net non-GAAP | $108.82M | Three Months Ended June 30, 2026 filing | — |
| Net Incentive Fees Attributable to GCM Grosvenor non-GAAP | 3.69M | the three months ended June 30, 2026 filing | — |
| New capital raised | 2.3B | Q2 2026 | — |
| Performance Fees non-GAAP | 1.41M | the three months ended June 30, 2026 filing | — |
| Private Markets % of Total AUM | 69% | Q2 2026 | — |
| Private Markets Assets Under Management | 66.2B | Q2 2026 | — |
| Private Markets FPAUM | 49.3B | Q2 2026 | — |
| Private Markets Management Fees | $66.36M | THREE MONTHS ENDED JUN 30, 2026 | — |
| Private Markets Strategies FPAUM | 49.3B | Three Months Ended June 30, 2026 filing | — |
| Private Markets Strategies Management Fees non-GAAP | 66.36M | the three months ended June 30, 2026 filing | — |
| Programs with unrealized carried interest | 144 | Q2 2026 | — |
| Run-rate annual performance fees | $40M | Q2 2026 | — |
| Share repurchase authorization remaining | $55M | Q2 2026 | — |
| Specialized Funds Management Fees | $28.23M | THREE MONTHS ENDED JUN 30, 2026 | — |
| Total FPAUM | 78.11B | Three Months Ended June 30, 2026 filing | — |
| Unrealized carried interest balance | $493M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
GCMG
this stock
GCM Grosvenor Inc.
|
$2.64B | +13.1% | +8.5% | — | 0.6% |
|
BLK
BlackRock, Inc.
|
$347.03B | -0.2% | +16.2% | 25.6 | 0.6% |
|
KKR
KKR & Co. Inc.
|
$86.77B | -26.9% | -11.0% | — | 1.5% |
|
BX
Blackstone Inc.
|
$85.57B | -26.0% | +9.2% | 25.6 | 2.6% |
|
BN
BROOKFIELD Corp /ON/
|
$81.46B | -20.5% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GCMG | -3.3% | -7.2% | +28.4% | -7.2% | +13.1% |
| SPY | -1.2% | -0.4% | +13.1% | -0.4% | +12.1% |
| vs SPY | -2.1% | -6.8% | +15.3% | -6.8% | +1.0% |
Capital returns
Latest dividend
$0.12
/ share · ex Sep 1, 2026
Paid (TTM)
$0.48
/ share · 4 payouts
Dividend yield (TTM, derived)
3.75%
Buyback program
· as of Jun 30, 2026
Authorized
$255.00M
Spent (derived)
$200.00M
Remaining
$55.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.