NASDAQ$GCMG

Grosvenor Capital Management LP · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong results with total Assets Under Management growing 16% from 1Q 2020 to $65 billion.

GCM Grosvenor reported first quarter fiscal 2021 results. Assets Under Management increased 16% from the prior year to $64.9 billion. Revenues increased 25% from the prior year to $103.2 million.

  • Fee-Paying Assets Under Management increased 12% from March 31, 2020 to $53.4 billion as of March 31, 2021
  • Contracted Not Yet FPAUM increased 38% from the prior year to $7.5 billion as of March 31, 2021
  • Revenues to GCM Grosvenor increased 25% from the prior year to $103.2 million
  • Adjusted Net Income increased 97% from the prior year to $18.9 million

Headline financials

Total Revenue

$103M

Previous: $82.6M+24.9%
EPS (adj)

$0.10

Previous: -$0.26+138.7%
AUM

$64.9B

No prior period
Adjusted Net Income

$18.9M

No prior period
Capital Expenditures

-$55K

No prior period
Free Cash Flow

$2.49M

No prior period
Net Income

$2.55M

Previous: -$10.3M+124.7%
Operating Income

-$4.67M

Previous: $2.54M-283.4%
Gross Profit

$19.9M

Previous: $27.1M-26.8%
Cash & Equivalents

$156M

No prior period
Total Assets

$535M

No prior period

Revenue & EPS history

GCM · Revenue · Quarterly

$103M

Q1 2021+24.9%vs Q1 2020
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+1.4%

Avg return

5 days after

-0.7%

Avg return

30 days after

54%

15 / 28 earnings

Positive

+14.1%

Q4 2025

Best reaction

-10.1%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%-0.8%-5.1%
Q4 2025+14.1%+21.6%+5.2%
Q3 2025+1.1%+1.8%-6.2%
Q1 2025-0.1%-0.1%-1.0%
Q4 2024+3.8%+2.1%-5.5%
Q3 2024-5.4%-4.3%+1.6%
Q2 2024-0.5%+2.4%+2.8%
Q1 2024+3.5%-1.8%+1.1%
Q4 2023-4.5%+0.0%-1.0%
Q3 2023+1.7%+1.4%+2.2%
Q2 2023+5.5%+4.9%+1.0%
Q1 2023-6.9%-9.1%-8.7%
Q4 2022-10.1%-8.1%-17.0%
Q3 2022+10.3%+9.5%+7.6%
Q2 2022+2.3%+4.6%-5.4%
Q1 2022-6.2%-5.7%-9.7%
Q4 2021+11.2%+9.4%+14.1%
Q3 2021+2.5%+2.5%-10.3%
Q2 2021+3.5%+10.0%+12.3%
Q1 2021+3.6%+7.3%-13.4%
Q4 2020-5.5%-0.2%-3.2%
Q3 2020-8.3%-9.3%+16.4%
Q2 2020+1.1%+1.6%-0.7%
Q1 2020+0.0%+0.0%+0.6%
Q4 2019+0.1%+0.2%+1.5%
Q3 2019+0.0%+0.0%+0.0%
Q2 2019-0.2%+0.2%+0.2%
Q1 2019-0.1%+0.3%+0.0%

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