Blue Owl Capital Inc. operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. The company is headquartered in New York, New York.

Blue Owl Capital Inc.

Management Fees, Net

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Net Gains on Investments

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Interest and Dividend Income

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Interest Expense

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Total Other Loss

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Income Before Income Taxes

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Consolidated Net Income

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Net Income Attributable to Noncontrolling Interests

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GAAP Net Income Attributable to Blue Owl Capital Inc.

GAAP Net Income Attributable to Blue Owl Capital Inc. %Chg

GAAP Net Income Attributable to Blue Owl Capital Inc. Common Size

Net Income Attributable to Blue Owl Capital Inc.

Net Income Attributable to Blue Owl Capital Inc. %Chg

Net Income Attributable to Blue Owl Capital Inc. Common Size

Net Income Attributable to Class a Shares

Net Income Attributable to Class a Shares %Chg

Net Income Attributable to Class a Shares Common Size

Basic

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Diluted

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Transaction-Based Revenues

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Total Revenues

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Cost of Sales

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Gross Profit

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Operating Profit

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Interest and Investment Income

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Income Before Provision for Income Taxes

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Provision for Income Taxes

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Net Income Attributable to Minority Interests and Other

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

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Net Revenue

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Average Assets

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	Jun '25	Dec '24	Jun '24
Transaction-Based Revenues	1,386.6	1,232.2	1,063.2
Management Fees, Net
Administrative, Transaction and Other Fees
Performance Revenues
Total Revenues	1,386.6	1,232.2	1,063.2
Total Revenues %Chg	30.4%	33.4%	31.6%
GAAP Revenues
Cost of Sales	652.2	565.6	451.9
Compensation and Benefits
Gross Profit	734.4	666.7	611.3
Gross Profit Margin	53%	54.1%	57.5%
Selling, General & Administrative Expenses	378.8	242.7	170.2
General, Administrative and Other Expenses
Depreciation & Amortization Expenses	178.9	145.3	112.9
Amortization of Intangible Assets
Operating Profit	176.6	278.6	328.2
Operating Margin	12.7%	22.6%	30.9%
Interest and Investment Income	22.2	23.6	18.5
Interest and Dividend Income
Interest Expense	-80.5	-66.7	-55.2
Interest Expense
Non-Operating Income	-6.5	49.3	8.5
Net Gains on Investments
Net Losses on Retirement of Debt
Change in TRA Liability
Change in Warrant Liability
Change in Earnout Liability
Total Non-Operating Income	-64.8	6.3	-28.2
Income Before Provision for Income Taxes	124.8	186.2	283
Income Before Income Taxes
Provision for Income Taxes	17.5	15.8	33
Income Tax Expense
Consolidated Net Income	107.4	170.4	250.1
Consolidated Net Income
Net Income Attributable to Minority Interests and Other	-82.5	-119.8	-191
Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	24.9	50.5	59
GAAP Net Income Attributable to Blue Owl Capital Inc.
Basic EPS	0	0.1	0.1
Diluted EPS	0	0.1	0.1
Basic Weighted Average Shares Outstanding	623.8	567.4	493.9
Total Shares Outstanding	651.1	608.3	537.6
Diluted Weighted Average Shares Outstanding	623.8	567.4	493.9
EBITDA	176.6	553.5	328.2
Effective Tax Rate	14%	8.5%	11.6%