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Mar 31

Carlyle Q1 2025 Earnings Report

Expected Revenue:$990M
-1.9% YoY
Expected EPS:$0.95
1.8% YoY

Key Takeaways

Carlyle Group reported strong first-quarter 2025 results, with record Fee Related Earnings, FRE margin, and assets under management, reflecting focused execution and the strength of its global platform.

Record Fee Related Earnings achieved in Q1 2025.

Highest ever FRE margin reported.

Assets under management reached a new record of $453 billion.

The company declared a quarterly dividend of $0.35 per common share.

Total Revenue
$971M
Previous year: $681M
+42.5%
EPS
$0
Previous year: $1.01
-100.0%
Assets Under Management
$453B
Income Before Taxes
$171M
Margin on Income Before Taxes
17.6%
Cash and Equivalents
$1.77B
Previous year: $1.7B
+3.9%
Free Cash Flow
$289M
Previous year: $56.9M
+407.0%
Total Assets
$24.1B
Previous year: $21B
+14.7%

Carlyle

Carlyle

Forward Guidance

Carlyle expressed confidence in its ability to navigate market cycles and capture opportunities due to its global platform, asset-light approach, and investment experience.

Positive Outlook

  • Scale of global platform provides a competitive advantage.
  • Asset-light approach offers flexibility.
  • Decades of investment experience aids in navigating market cycles.
  • $84 billion in dry powder available for investments.
  • On-the-ground insights across global markets support investment decisions.

Challenges Ahead

  • Subject to various risks, uncertainties, and assumptions detailed in SEC filings.
  • Outcomes or results could differ materially from forward-looking statements.
  • No obligation to publicly update or review forward-looking statements except as required by law.
  • General economic and market conditions could negatively impact results.
  • Regulatory changes could affect business operations and financial performance.