NASDAQ$GCMG

Grosvenor Capital Management LP · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong results with $3 billion of fundraising, 20% year-over-year growth in assets under management and an increased dividend.

GCM Grosvenor reported a strong third quarter with good investment results, fundraising, and business performance. The Board of Directors approved an 11% increase in the firm's quarterly dividend.

  • Assets Under Management increased 20% year-over-year to $70.5 billion.
  • Fee-Paying Assets Under Management increased 13% year-over-year to $56.6 billion.
  • Revenue increased 16% year-over-year to $118.1 million.
  • Adjusted Net Income increased 16% year-over-year to $23.8 million.

Headline financials

Total Revenue

$118M

Previous: $102M+16.0%
EPS (adj)

$0.13

Previous: $0.28-53.5%
AUM

$70.5B

No prior period
Capital Expenditures

-$392K

No prior period
Free Cash Flow

$3.66M

No prior period
Net Income

$4.06M

Previous: $11.2M-63.7%
Operating Income

$25.1M

Previous: $9.17M+173.5%
Gross Profit

$45.2M

Previous: $26.4M+71.0%
Cash & Equivalents

$120M

No prior period
Total Assets

$513M

No prior period

Revenue & EPS history

GCM · Revenue · Quarterly

$118M

Q3 2021+16%vs Q3 2020
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Forward guidance

The outlook with regard to the remainder of 2021 and 2022 is positive.

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 Q3 2021

Historical avgQ3 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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