GCM Grosvenor Inc. (GCMG) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 51.72M | 28.48M | 79.82M | 41.98M | 33.26M | 38.1M | 68.99M | 17.48M | 24.2M | 26.68M | 43.58M | 26.57M | -4.76M | 56.58M | 72.5M | 46.99M | 40.44M | 34.01M | 80.81M | 48.19M |
| Operating CF Margin % | 41.92% | 16.08% | 60.01% | 33.86% | 26.58% | 22.4% | 56.12% | 14.92% | 21.67% | 23.07% | 35.35% | 24.69% | -4.56% | 55.74% | 54.14% | 46.01% | 35.18% | 16.86% | 61.83% | 36.71% |
| Operating CF Growth % | 55.49% | -25.25% | 15.69% | 140.17% | 37.43% | 42.83% | 58.3% | -34.21% | 608.38% | -52.86% | -39.88% | -43.46% | -111.77% | 66.39% | -10.29% | -2.49% | 156.11% | 35.82% | 63.59% | 80.04% |
| Net Income | 5.47M | 18.98M | 45.08M | 39.89M | -1.09M | 30.42M | 12.13M | 4.8M | 2.12M | 4.57M | 17.62M | -36.25M | -15.15M | 11.41M | 14.16M | 30.68M | 23.23M | 77.52M | 22.71M | 21.91M |
| Depreciation & Amortization | 920K | 1.1M | 1.16M | 1.15M | 1.01M | 998K | 1.04M | 644K | 633K | 642K | 698K | 681K | 675K | 943K | 961K | 974K | 978K | 983K | 991K | 990K |
| Stock-Based Compensation | 0 | 12.54M | 5.75M | 7.25M | 22.3M | 1.91M | 3.54M | 23.66M | 25.64M | 1.5M | 4.76M | 2.53M | 24.49M | 5.57M | 5.45M | 5.51M | 8.9M | 12.98M | 5.81M | 5.64M |
| Deferred Taxes | 0 | 0 | 162K | 1.09M | 901K | 2.28M | 2.61M | 3.55M | -686K | 1K | 2.15M | 1.89M | -1.22M | 1.44M | 3.1M | 664K | 640K | 3.61M | 811K | 407K |
| Other Non-Cash Items | 41.45M | 39.13M | -1.64M | -6.02M | 22.89M | 22.85M | 21.89M | 10.44M | -4.76M | 21.07M | 15.17M | 57.85M | 147K | 52.91M | 18.5M | 931K | 5.55M | -14.8M | 9.47M | 11.41M |
| Working Capital Changes | 3.89M | -43.26M | 29.3M | -1.39M | -12.75M | -20.36M | 27.78M | -25.61M | 1.25M | -1.11M | 3.18M | -135K | -13.71M | -15.69M | 30.32M | 8.23M | 1.14M | -46.29M | 41.02M | 7.84M |
| Change in Receivables | 55.08M | -56.34M | 1.45M | 5.46M | 36.55M | -45.14M | -3.18M | -1.92M | 16.73M | -10.24M | -17.02M | 9.15M | 547K | 8.21M | -15.66M | 3.46M | 80.58M | -68.05M | 12.38M | -16.69M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -32.7M | -51.69M | -6.84M | -24.75M | -1.14M | -6.73M | -8.61M | -7.84M | -8.66M | -5.81M | -3.56M | -4.73M | -4.74M | 265K | -5.55M | -997K | -3.79M | -16.16M | -5.14M | -2.81M |
| Capital Expenditures | -3.85M | -4.56M | -1.55M | -1.22M | -1.17M | -1.12M | -6.75M | -4.67M | -4.2M | -2.45M | -536K | -578K | -203K | 616K | -724K | -389K | -285K | -185K | -162K | -175K |
| CapEx % of Revenue | 3.12% | 2.57% | 1.16% | 0.99% | 0.93% | 0.66% | 5.49% | 3.99% | 3.76% | 2.12% | 0.43% | 0.54% | 0.19% | 0.61% | 0.54% | 0.38% | 0.25% | 0.09% | 0.12% | 0.13% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 282.68M | 275.31M | 268.94M | 262.75M | 255.21M | 257.81M | 250.94M | 251.1M | 248.43M | 240.2M | 239.88M | 236.01M | 231.8M | 223.97M | 223.97M | 222.96M | 232.67M | 226.34M | 203.99M | 190.55M |
| Other Investing | 0 | 0 | 3.34M | 0 | 5.92M | 3.43M | 3.33M | 7.57M | -396K | 3.21M | 2.69M | 2.69M | 3.97M | 5.92M | 3.72M | 7.3M | 3.19M | 3.55M | 0 | 0 |
| Cash from Financing | -96.26M | 83.07M | -26.23M | 23.91M | -27.7M | -38.85M | -37.19M | 22.91M | -17.25M | -32.72M | -34.81M | -32.41M | -13.72M | -74.85M | -42.32M | -42.4M | -55.5M | -41.31M | -221.15M | 64.19M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -17.47M | 135.55M | 585K | 0 | 2.76M | 0 | 0 | -10.16M | -149K | 0 | 0 | -1.15M | -3.33M | -5.9M | -8.03M | -10.02M | -2.44M | -922K | 0 | 0 |
| Dividends Paid | -7.51M | -7.37M | -5.91M | -7M | -5.07M | -4.95M | -5.3M | -5.57M | -4.73M | -4.73M | -6.29M | -4.72M | -4.58M | -4.63M | -5.09M | -4.32M | -4.39M | -4.41M | -4.23M | -3.41M |
| Share Repurchases | -17.47M | -30.66M | 0 | 0 | 0 | 0 | 0 | -10.16M | -149K | 0 | 0 | -1.15M | -3.33M | -5.9M | -8.03M | -10.02M | -2.44M | -922K | 0 | 0 |
| Other Financing | -5.19M | -44.01M | -19.8M | 32.01M | -24.3M | -32.81M | -30.8M | -11.35M | -11.37M | -26.98M | -27.52M | -25.55M | -4.81M | -63.31M | -28.2M | -27.06M | -47.67M | -34.98M | -215.64M | -41.68M |
| Net Change in Cash | -77.72M | 59.37M | 46.41M | 41.84M | 5.04M | -8.99M | 24.53M | 32.06M | -2.49M | -11M | 4.6M | -11.12M | -23.29M | -16.41M | 23.09M | 1.97M | -19.68M | -23.8M | -145.85M | 109.56M |
| Free Cash Flow | 47.88M | 23.92M | 78.27M | 40.76M | 32.09M | 36.98M | 62.25M | 12.81M | 20.01M | 24.23M | 43.05M | 25.99M | -4.96M | 57.2M | 71.77M | 46.6M | 40.16M | 33.82M | 80.65M | 48.02M |
| FCF Margin % | 38.8% | 13.51% | 58.84% | 32.88% | 25.64% | 21.74% | 50.63% | 10.93% | 17.92% | 20.95% | 34.91% | 24.15% | -4.76% | 56.35% | 53.6% | 45.62% | 34.93% | 16.77% | 61.71% | 36.57% |
| FCF Growth % | 49.17% | -35.31% | 25.74% | 218.25% | 60.4% | 52.64% | 44.6% | -50.73% | 503.08% | -57.64% | -40.02% | -44.23% | -112.36% | 69.12% | -11.01% | -2.95% | 155.2% | 35.85% | 63.74% | 80.81% |
| FCF per Share | 0.23 | 0.12 | 0.40 | 0.21 | 0.17 | 0.19 | 0.33 | 0.07 | 0.11 | 0.13 | 0.23 | 0.14 | -0.03 | 0.31 | 0.38 | 0.25 | 0.21 | 0.77 | 1.83 | 1.13 |
| FCF Conversion (FCF/Net Income) | 9.46x | 1.50x | 7.61x | 2.72x | 71.84x | 5.00x | 16.60x | 3.64x | 11.40x | 8.19x | 7.39x | 5.48x | 3.87x | 12.89x | 23.39x | 6.18x | 8.56x | 2.39x | 19.92x | 73.46x |
| Interest Paid | 0 | 6.92M | 7.29M | 7.22M | 7.17M | 7.76M | 8.65M | 8.04M | 7.82M | 7.83M | 7.77M | 7.44M | 6.98M | 6.34M | 4.74M | 3.71M | 3.61M | 3.7M | 3.71M | 2.75M |
| Taxes Paid | 0 | 1.2M | 139K | 3.83M | 1.32M | -575K | 2.17M | 2.05M | 1.38M | 657K | 611K | 1.63M | 545K | 1.94M | 1.27M | 4.56M | 770K | 343K | -827K | 4.18M |