NASDAQ$GCMG

Grosvenor Capital Management LP · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

GCM Grosvenor reported first quarter results with AUM increasing and private markets fee-paying AUM increasing from the prior year.

GCM Grosvenor reported a decrease in revenue and net income for Q1 2023 compared to Q1 2022, but assets under management increased. The company highlighted its strong client relationships and capital allocation strategy.

  • Assets Under Management increased 5% year over year to $75.3 billion.
  • Fee-Paying Assets Under Management increased 3% year over year to $59.8 billion.
  • Revenue decreased 6% year over year to $99.1 million, primarily due to decreased incentive fees.
  • GAAP Net Income Attributable to GCM Grosvenor Inc. was $(1.2) million, compared to $4.7 million in the prior year.

Headline financials

Total Revenue

$99.1M

Previous: $105M-5.7%
EPS (adj)

$0.10

Previous: $0.13-23.1%
Capital Expenditures

-$203K

Previous: -$285K+28.8%
Free Cash Flow

-$1.43M

Previous: $4.44M-132.3%
Net Income

-$1.23M

Previous: $4.73M-126.0%
Operating Income

-$12.9M

Previous: $18M-171.7%
Gross Profit

$49K

Previous: $48K+2.1%
Cash & Equivalents

$61.9M

Previous: $76.5M-19.1%
Total Assets

$472M

Previous: $517M-8.8%

Revenue & EPS history

GCM · Revenue · Quarterly

$99.1M

Q1 2023-5.7%vs Q1 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements regarding the expected future performance of GCM Grosvenor’s business and the expected benefits of our share repurchase plan.

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 2023

Historical avgQ1 2023

+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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