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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Total operating revenues $ 557,565 $ 514,012 $ 444,999
Expenses      
Employee compensation and benefits 319,332 336,236 356,044
General, administrative and other 104,779 104,296 100,801
Total operating expenses 424,111 440,532 456,845
Operating income (loss) 133,454 73,480 (11,846)
Investment income 16,258 15,589 11,640
Interest expense (22,789) (24,160) (23,745)
Other income 6,283 1,334 1,008
Change in fair value of warrant liabilities 21,737 (16,079) 1,429
Net other income (expense) 21,489 (23,316) (9,668)
Income (loss) before income taxes 154,943 50,164 (21,514)
Provision for income taxes 12,903 13,560 7,692
Net income (loss) 142,040 36,604 (29,206)
Less: Net income attributable to noncontrolling interests in subsidiaries 3,511 2,545 5,033
Less: Net income (loss) attributable to noncontrolling interests in GCMH 93,158 15,364 (47,013)
Net income attributable to GCM Grosvenor Inc. $ 45,371 $ 18,695 $ 12,774
Earnings (loss) per share of Class A common stock:      
Basic (in dollars per share) $ 0.87 $ 0.42 $ 0.30
Diluted (in dollars per share) $ 0.42 $ 0.03 $ (0.28)
Weighted average shares of Class A common stock outstanding :      
Basic (in shares) 51,955,627 44,741,336 43,198,517
Diluted (in shares) 197,288,510 190,590,041 187,433,763
Management fees      
Revenues      
Total operating revenues $ 425,792 $ 401,648 $ 375,444
Incentive fees      
Revenues      
Total operating revenues 123,502 106,237 64,903
Other operating income      
Revenues      
Total operating revenues $ 8,271 $ 6,127 $ 4,652