Blue OWL Capital Inc.: Q4 FY2025 earnings call

What management said about Q4 FY2025, from the documents filed with the SEC on 5 February 2026: press release. Guidance figures: 1 kept. The quarter’s numbers.

Key takeaways

Fourth-quarter commitments reached $17 billion: New capital commitments were $17 billion in the fourth quarter, up from $14 billion in the third quarter. Source
Record fundraising in institutional and private wealth: Management described 2025 as a year of record fundraising in institutional and private wealth channels, which it linked to investor interest in its strategies and continued global expansion. Source
Full-year commitments compared with prior period: Full-year 2025 commitments were $56 billion, compared with $57 billion over the last twelve months in the third-quarter release, a different measurement period.
Assets under management above $307 billion: Assets under management were over $307 billion at December 31, 2025, up from over $295 billion at September 30, 2025 in the third-quarter release. Source
Crossed $300 billion during the quarter: Management said the firm crossed $300 billion of AUM during the fourth quarter, calling it a big milestone for the firm. Source
Dividend declared at $0.225 a share: The company declared a quarterly dividend of $0.225 per Class A Share. Source

“New capital commitments reached $17 billion in the fourth quarter and $56 billion in 2025”
Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl

Guidance

Area	Period	Figure	Against last quarter
Dividend Source	quarter payable March 2, 2026	$0.225 per Class A Share	Kept

What changed from last quarter

Guidance kept: Quarterly dividend stayed at $0.225 per Class A Share, the same rate as in the third-quarter release. Source

Fundraising and new commitments

Fourth-quarter commitments reached $17 billion: New capital commitments were $17 billion in the fourth quarter, up from $14 billion in the third quarter. Source
Record fundraising in institutional and private wealth: Management described 2025 as a year of record fundraising in institutional and private wealth channels, which it linked to investor interest in its strategies and continued global expansion. Source
Full-year commitments compared with prior period: Full-year 2025 commitments were $56 billion, compared with $57 billion over the last twelve months in the third-quarter release, a different measurement period.

Assets under management and performance

Assets under management above $307 billion: Assets under management were over $307 billion at December 31, 2025, up from over $295 billion at September 30, 2025 in the third-quarter release. Source
Crossed $300 billion during the quarter: Management said the firm crossed $300 billion of AUM during the fourth quarter, calling it a big milestone for the firm. Source
Investment performance described as ongoing: Management said it continues to deliver investment performance for its clients; the release gives no performance figures. Source

“During the fourth quarter, we crossed $300 billion of AUM, a big milestone for the firm, and we continue to deliver strong investment performance for our clients.”
Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl

Platforms and client base

Three multi-strategy investment platforms: Blue Owl invests across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. The release gives no segment-level results. Source
Permanent capital base anchors the model: Management describes a permanent capital base, through which it provides businesses with private capital solutions for long-term growth. Source
Investors across three client types: The release says Blue Owl offers alternative investments to institutional investors, individual investors, and insurance companies. Source

People and leadership

About 1,365 professionals globally: The company reported approximately 1,365 experienced professionals globally, against over 1,365 in the third-quarter release. Source
Co-CEOs quoted on results: The two Co-CEOs were quoted in the release on the year's fundraising and assets under management. Source
Media contact title changed: The media contact's title changed from Principal, Corporate Communications & Government Affairs in the third-quarter release to Managing Director, Communications & Public Affairs. Source

Quarterly dividend

Dividend declared at $0.225 a share: The company declared a quarterly dividend of $0.225 per Class A Share. Source
Payment and record dates set: The dividend is payable March 2, 2026, to holders of record at the close of business on February 20, 2026. Source
Rate unchanged from third quarter: The third-quarter release set the same $0.225 quarterly rate, payable November 24, 2025.

Investor call and materials

Investor call set for February 5: The company scheduled its fourth-quarter investor call by public webcast for February 5, 2026 at 10:00 a.m. ET. Source
Webcast replay to be available: A webcast replay is to be available on the Shareholders section of the website for those unable to listen live. Source
Full detailed presentation issued: Blue Owl issued a full detailed presentation of its fourth-quarter results, viewable through the Shareholders section of its website. Source

Coming up, as management said on 5 February 2026

Dividend payment on March 2: The dividend of $0.225 per Class A Share is payable March 2, 2026, to holders of record on February 20, 2026. Source

Figures management reported

Figure	Reported
Assets under management Source	over $307 billion at December 31, 2025
New capital commitments, fourth quarter Source	$17 billion
New capital commitments, full year 2025 Source	$56 billion
Professionals globally Source	approximately 1,365

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

Blue Owl Capital Inc. Fourth Quarter 2025 Results

NEW YORK (February 5, 2026) - Blue Owl Capital Inc. (NYSE:OWL) (“Blue Owl”) today reported its financial results for the fourth quarter ended December 31, 2025.

“Blue Owl’s results for the full year of 2025 highlight record fundraising in our institutional and private wealth channels, reflecting robust investor interest in our strategies and Blue Owl’s continued global expansion. New capital commitments reached $17 billion in the fourth quarter and $56 billion in 2025,” said Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl. “During the fourth quarter, we crossed $300 billion of AUM, a big milestone for the firm, and we continue to deliver strong investment performance for our clients.”

Blue Owl issued its full detailed presentation of its fourth quarter ended December 31, 2025 results, which can be viewed through the Shareholders section of Blue Owl's website at https://ir.blueowl.com/Investors/events-and-presentations.

Dividend

Blue Owl declared a quarterly dividend of $0.225 per Class A Share, payable on March 2, 2026, to shareholders of record at the close of business on February 20, 2026.

Quarterly Investor Call Details:

Blue Owl will host its fourth quarter 2025 investor call via public webcast on February 5, 2026 at 10:00 a.m. ET. To register, please visit the Shareholders section of Blue Owl's website at https://ir.blueowl.com/overview.

The conference call may be accessed by dialing +1 (888) 330-2454 (U.S. callers) or +1 (240) 789-2714 (non-U.S. callers); conference ID 4153114. For those unable to listen to the live broadcast, there will be a webcast replay available on the Shareholders section of Blue Owl’s website.

All callers will need to enter the Conference ID followed by the # sign and reference "Blue Owl Capital" once connected with the operator. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected.

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $307 billion in assets under management as of December 31, 2025, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with approximately 1,365 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com or LinkedIn:

https://www.linkedin.com/company/blue-owl-capital.

Forward-Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of acquisitions; costs related to acquisitions; the inability to maintain the listing of Blue Owl’s shares on the New York Stock Exchange; Blue Owl’s ability to manage growth; Blue Owl’s ability to execute its business plan and meet its projections; potential litigation involving Blue Owl; changes in applicable laws or regulations; and the possibility that Blue Owl may be adversely affected by other economic, business, geopolitical and competitive factors.

Contacts
Ann Dai
Head of Investor Relations blueowlir@blueowl.com
Nick Theccanat
Managing Director, Communications & Public Affairs
Nick.Theccanat@blueowl.com