NASDAQ$GCMG

Grosvenor Capital Management LP · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

GCM Grosvenor reported a good third quarter in a tough environment, with strong fundraising and double digit private markets revenue growth.

GCM Grosvenor reported a positive Q3 2022, marked by a 16% increase in revenue to $137.2 million and an 11% increase in adjusted net income to $26.6 million. The firm's AUM reached $72.6 billion, with private markets FPAUM growing by 14% year-over-year. The company also increased its dividend to $0.11 per share and boosted its share repurchase authorization by $25 million to $90 million.

  • Assets Under Management increased 3% year-over-year to $72.6 billion.
  • Fee-Paying Assets Under Management increased 3% year-over-year to $58.1 billion.
  • Private Markets FPAUM increased 14% year-over-year to $35.5 billion.
  • Revenue increased 16% year-over-year to $137.2 million.

Headline financials

Total Revenue

$137M

Previous: $118M+16.2%
EPS (adj)

$0.14

Previous: $0.13+7.7%
Capital Expenditures

-$1.4M

Previous: -$392K-256.6%
Free Cash Flow

$1.7M

Previous: $3.66M-53.6%
Net Income

$3.1M

Previous: $4.06M-23.6%
Operating Income

$28.7M

Previous: $25.1M+14.6%
Gross Profit

$49K

Previous: $45.2M-99.9%
Cash & Equivalents

$102M

Previous: $120M-15.3%
Total Assets

$549M

Previous: $513M+7.1%

Revenue & EPS history

GCM · Revenue · Quarterly

$137M

Q3 2022+16.2%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

GCM Grosvenor's Board of Directors increased the firm's existing share repurchase authorization by $25 million, from $65 million to $90 million.

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 2022

Historical avgQ3 2022

+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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