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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Revenues $ 703,106 $ 549,848 $ 1,386,592 $ 1,063,188
Expenses        
Compensation and benefits 326,300 227,103 652,240 451,894
Amortization of intangible assets 89,472 56,734 178,945 112,929
General, administrative and other expenses 188,052 93,458 378,831 170,206
Total Expenses 603,824 377,295 1,210,016 735,029
Other Loss        
Net gains (losses) on investments (2,420) 2,624 (10,120) 5,797
Interest and dividend income 11,015 13,787 22,245 18,542
Interest expense (41,986) (32,715) (80,510) (55,199)
Change in TRA liability (2,026) (2,978) (6,302) (1,959)
Change in warrant liability 0 3,050 0 (11,650)
Change in earnout liability 20,629 (70) 22,947 (655)
Total Other Loss (14,788) (16,302) (51,740) (45,124)
Income Before Income Taxes 84,494 156,251 124,836 283,035
Income tax expense 13,798 18,197 17,470 32,968
Consolidated Net Income 70,696 138,054 107,366 250,067
Net income attributable to noncontrolling interests (53,270) (104,109) (82,510) (191,031)
Net Income Attributable to Blue Owl Capital Inc. $ 17,426 $ 33,945 $ 24,856 $ 59,036
Earnings per Class A Share        
Basic (in dollars per share) $ 0.03 $ 0.06 $ 0.04 $ 0.12
Diluted (in dollars per share) $ 0.02 $ 0.06 $ 0.02 $ 0.11
Weighted-Average Class A Shares        
Basic (in shares) [1] 649,685,215 530,100,825 637,835,492 509,268,023
Diluted (in shares) 656,056,036 539,392,803 647,340,111 520,030,638
Management fees, net        
Revenues        
Revenues $ 623,369 $ 465,754 $ 1,227,555 $ 913,652
Administrative, transaction and other fees        
Revenues        
Revenues 78,758 83,906 151,746 147,303
Performance revenues        
Revenues        
Revenues $ 979 $ 188 $ 7,291 $ 2,233
[1] Included in the weighted-average Class A Shares outstanding are RSUs that have vested but have not been settled in Class A Shares. These RSUs do not participate in dividends until settled in Class A Shares. See Note 12.