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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total operating revenues $ 125,846 $ 108,866
Expenses    
Employee compensation and benefits 82,240 99,647
General, administrative and other 28,276 25,179
Total operating expenses 110,516 124,826
Operating income (loss) 15,330 (15,960)
Investment income 764 5,677
Interest expense (5,663) (5,923)
Other income 846 553
Change in fair value of warrant liabilities (8,776) (2,144)
Net other expense (12,829) (1,837)
Income (loss) before income taxes 2,501 (17,797)
Provision for income taxes 3,591 1,110
Net loss (1,090) (18,907)
Less: Net income attributable to noncontrolling interests in subsidiaries 175 1,302
Less: Net loss attributable to noncontrolling interests in GCMH (1,728) (22,333)
Net income attributable to GCM Grosvenor Inc. $ 463 $ 2,124
Earnings (loss) per share of Class A common stock:    
Basic (in dollars per share) $ 0.01 $ 0.05
Diluted (in dollars per share) $ (0.02) $ (0.13)
Weighted average shares of Class A common stock outstanding:    
Basic (in shares) 45,630,941 43,670,260
Diluted (in shares) 189,866,187 187,905,506
Management fees    
Revenues    
Total operating revenues $ 109,315 $ 95,885
Incentive fees    
Revenues    
Total operating revenues 15,068 10,118
Other operating income    
Revenues    
Total operating revenues $ 1,463 $ 2,863