The financials
Blue Owl Capital Inc. by the numbers
Blue Owl Capital Inc. (OWL) reported revenue of $754M in Q1 2026 (quarter ended March 31, 2026), up 10% from the same quarter a year earlier. That came with net income of $16M (2.1% of revenue). For the full year FY2025, revenue was $2.87B (+25% year on year) and net income $79M. Its largest product in 2026-Q2 was Administrative Service at $58M, 41% of the disclosed total, just ahead of Digital Infrastructure at 25%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $754M | $683M | +10% |
| Operating income | $109M | $77M | +42% |
| Net income | $16M | $7.4M | +109% |
| Diluted EPS | $0.02 | $0.00 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Administrative Service | $58M | 41% |
| Digital Infrastructure | $35M | 25% |
| Investment Grade Credit | $18M | 12% |
| Real Estate Credit | $12M | 8.4% |
| Other | $9.4M | 6.6% |
| GP Debt Financing | $4.6M | 3.3% |
| Liquid Credit | $4.4M | 3.1% |
| Professional Sports Minority Stakes | $1.2M | 0.9% |
| Management Service Incentive | $102K | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $124.1M (-8.5%)
Professional Sports Minority Stakes grew +32% year on yearManagement Service Incentive -90% year on year
Segment Latestquarter on quarteryear on year
- Administrative Service$57.8M$57.8MQoQ +2.1%year on year +5.9%+2.1%+5.9%
- Digital Infrastructure$35.3M$35.3MQoQ +1.3%year on year -27%+1.3%-27%
- Investment Grade Credit$17.7M$17.7MQoQ -0.47%year on year +9.4%-0.47%+9.4%
- Real Estate Credit$12.0M$12.0MQoQ +0.13%year on year +23%+0.13%+23%
- Other$9.4M$9.4MQoQ -41%year on year -23%-41%-23%
- GP Debt Financing$4.6M$4.6MQoQ -3.1%year on year -20%-3.1%-20%
- Liquid Credit$4.4M$4.4MQoQ -8.1%year on year -21%-8.1%-21%
- Professional Sports Minority Stakes$1.2M$1.2MQoQ +6.6%year on year +32%+6.6%+32%
- Management Service Incentive$102.0K$102.0KQoQ -98%year on year -90%-98%-90%
- Other Equity Based Awards--QoQ -year on year ---
- Fee Offsets−$7.4M−$7.4MQoQ -year on year ---
- Strategic Revenue Share Purchase Consideration Amortization−$11.0M−$11.0MQoQ -year on year ---
Asset Management
Ranks #30 of 38 by Smart Score