← Acadian Asset Management Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue: | $887.4m | $928.2m | $819.5m | $718.5m | $523.8m | $417.2m | $426.6m | $505.6m | $563.7m | $668.5m | |
| General and administrative expense | $112.9m | $126.0m | $128.8m | $106.0m | $71.2m | $71.1m | $82.6m | $85.2m | $92.0m | $99.8m | |
| Total operating expenses | $816.4m | $844.4m | $569.2m | $539.1m | $378.0m | $249.3m | $320.6m | $370.1m | $431.6m | $510.2m | |
| Operating income | $71.0m |
$83.8m
+18.03%
|
$250.3m
+198.69%
|
$179.4m
-28.33%
|
$145.8m
-18.73%
|
$167.9m
+15.16%
|
$106.0m
-36.87%
|
$135.5m
+27.83%
|
$132.1m
-2.51%
|
$158.3m
+19.83%
|
|
| Interest expense | ($24.5m) | ($24.9m) | ($32.2m) | ($28.5m) | ($24.8m) | ($20.5m) | ($19.6m) | ($19.4m) | ($21.7m) | $18.6m | |
| Investment income (loss) | $27.4m | $66.5m | $16.8m | $4.9m | $8.3m | $200k | $4.0m | $2.2m | ($100k) | — | |
| Interest income | $800k | $3.2m | $2.2m | $600k | $200k | $800k | $6.1m | $3.5m | $3.7m | $3.5m | |
| Total non-operating income (loss) | $71.0m | $51.4m | $7.7m | $248.2m | $32.3m | ($23.1m) | ($9.5m) | ($9.8m) | $11.1m | — | |
| Income before income taxes | — | — | $213.2m | $344.8m | $178.1m | $144.8m | $96.5m | $125.7m | $143.2m | $163.9m | |
| Income tax expense | $132.8m | $5.0m | $18.0m | $112.1m | $50.0m | $44.2m | $29.4m | $38.9m | $36.6m | $46.4m | |
| Net income | $9.1m |
$130.3m
+1331.87%
|
$240.0m
+84.19%
|
$315.5m
+31.46%
|
$896.4m
+184.12%
|
$100.6m
-88.78%
|
$67.1m
-33.30%
|
$86.8m
+29.36%
|
$106.6m
+22.81%
|
$101.4m
-4.88%
|
|
| Net income attributable to redeemable non-controlling interests in consolidated Funds | — | — | — | — | — | — | $1.3m | $1.8m | $26.6m | — | |
| Net income attributable to controlling interests | $4.2m | $136.4m | $223.9m | $286.7m | $828.4m | $100.6m | $65.8m | $85.0m | $80.0m | $101.4m | |
| Earnings per share (basic) attributable to controlling interests (in dollars per share) | $0 | $1 | $2 | $3 | $10 | $2 | $2 | $2 | $2 | $3 | |
| Weighted average common stock outstanding (in shares) | 110.7m | 107.4m | 91.2m | 81.3m | 77.2m | 42.1m | 41.5m | 37.8m | 36.2m | — | |
| Weighted average diluted shares outstanding (in shares) | 111.4m | 107.6m | 91.3m | 82.0m | 80.5m | 43.2m | 42.5m | 38.3m | 36.2m | — | |
| Compensation and benefits | $682.8m | $696.4m | $416.2m | $388.7m | $284.6m | $159.2m | $217.9m | $265.5m | $313.9m | — | |
| Depreciation and amortization | $11.7m | $14.5m | $17.2m | $21.0m | $22.1m | $18.5m | $17.3m | $18.5m | $16.6m | $15.5m | |
| Loss on extinguishment of debt | — | — | — | $0 | $0 | ($3.2m) | $0 | $0 | ($1.4m) | — | |
| Net consolidated Funds’ investment gains | $42.9m | $53.1m | $37.7m | $29.9m | $0 | ($400k) | $4.1m | $3.9m | $30.6m | — |