KKR & Co. Inc.
KKR Financial Asset Management
KKR & Co. Inc.’s revenue for fiscal 2025 (year ended December 2025) was $19.5 billion, down 11.0% from fiscal 2024.
- Revenue
- +12.5%
- EPS
- +39.6%
- Free cash flow
- +762.7%
- Total debt
- +4.43%
Quarter to June 2026, against a year earlier
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KKR & Co. Inc. 10-Q filed Nov 7, 2025
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Aug 8, 2025: 49 added · 28 removed · 130 modified; 168 with only figures updated; 2 moved without change
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Modified · Asset Management
Our asset management business offers a broad range of investment management services to fund investors around the world. In our asset management business, we have five business lines: (1) Private Equity, (2) Real Assets, (3) Credit and Liquid Strategies, (4) Capital Markets, and (5) Principal Activities. In addition to the overviews of each of these business lines provided in this report, please also refer to our Annual Report. As an asset management firm, we earn fees, including management fees and incentive fees, and carried interest for providing investment management and other services to our investment vehicles, CLOs, managed accounts, portfolio companies, and certain operating companies, and we generate transaction fees from capital markets transactions. We earn additional investment income by investing our own capital alongside investors in our investment vehicles and from other assets on our balance sheet. Carried interest we receive from our funds and certain other investment vehicles entitles us to a specified percentage of investment gains that are generated on third-party capital that is invested.
Subsequent to JuneOn July 30, 2025, KKR acquired a majority ownership stake in HealthCare RoyaltyPartnersManagement, LLC, amiddle-marketbiopharma royalty acquisition company, which manages approximately $3 billion of assets and which is reported in growth equity within our Private Equity business line.