NYSE$OWL

Blue Owl Capital Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Blue Owl Capital Inc reported Q2 2025 results with total revenues of $703.1 million and net income attributable to the company of $17.4 million.

Blue Owl Capital Inc delivered strong Q2 2025 performance driven by growth across its Credit, Real Assets, and GP Strategic Capital platforms. Total revenues reached $703.1 million, supported by $12.1 billion in new capital raised during the quarter. AUM grew to $284.1 billion with FPAUM at $177.5 billion, reflecting continued fundraising momentum and deployment activity.

  • Total revenues of $703.1 million for the quarter, up significantly year-over-year.
  • New capital raised of $12.1 billion, contributing to record fundraising momentum.
  • AUM reached $284.1 billion and FPAUM $177.5 billion as of June 30, 2025.
  • Net income attributable to Blue Owl Capital Inc. was $17.4 million with basic EPS of $0.03 per Class A share.

Headline financials

Total Revenue

$138M

Previous: $129M+6.6%
EPS (adj)

$0.03

Previous: $0.06-50.0%
New Capital Raised

12.1B

No prior period
Assets Under Management

284.1B

No prior period
Capital Expenditures

-$23.4M

Previous: -$39M+40.1%
Net Income

$17.4M

Previous: $33.9M-48.7%

Revenue & EPS history

Blue Owl Capital · Revenue · Quarterly

$138M

Q2 2025+6.6%vs Q2 2024
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Blue Owl Capital · $703M total across 3 segments · Q2 2025

  • Credit Platform
    $424M
  • GP Strategic Capital Platform
    $163M
  • Real Assets Platform
    $117M

Forward guidance

The company highlighted continued resilience in its management-fee-centric model and Permanent Capital base amid market volatility, with expectations for ongoing growth in management fees from deployment of $28.6 billion in AUM not yet paying fees.

Tailwinds

  • Record fundraising with $54.6 billion raised over the last twelve months
  • Strong deployment activity across platforms including $9.7 billion in direct lending originations
  • Permanent Capital representing approximately 86-87% of management fees providing earnings stability

Headwinds

  • Market volatility from tariffs impacting investor expectations on growth and trade
  • Lackluster industry M&A and capital markets activity extending timelines for realizations

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.6%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-0.7%

Avg return

30 days after

38%

8 / 21 earnings

Positive

+17.6%

Q3 2022

Best reaction

-14.7%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+10.7%+21.1%+15.8%
Q4 2025-3.6%+7.5%-18.0%
Q3 2025-4.2%-5.4%-9.4%
Q1 2025-3.3%-3.7%+0.8%
Q4 2024-0.7%-5.6%-22.2%
Q3 2024-7.1%-7.7%+2.7%
Q2 2024-14.7%-14.1%-7.5%
Q1 2024-3.8%-2.8%-3.5%
Q4 2023+7.9%+10.0%+7.4%
Q3 2023+5.7%+3.4%+8.4%
Q2 2023+0.1%-0.4%-3.0%
Q1 2023-3.3%-4.8%-2.7%
Q4 2022+4.1%+5.5%-21.1%
Q3 2022+17.6%+20.1%+15.9%
Q2 2022+7.3%+8.4%-5.8%
Q1 2022-2.2%-12.3%-0.8%
Q4 2021-7.2%-7.3%-3.2%
Q3 2021-6.7%-7.1%-11.1%
Q2 2021-0.5%+3.9%+24.4%
Q1 2021+15.9%+24.8%+21.5%
Q4 2020-0.2%-1.8%-2.7%
Q2 2020
Q1 2020

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