Acadian Asset Management (AAMI) Financials

$68.56 +2.03 (+3.05%)

Closing price 05/8/2026 03:58 PM Eastern

Extended Trading

$68.62 +0.06 (+0.09%)

As of 05/8/2026 05:40 PM Eastern

Annual Income Statements for Acadian Asset Management

This table shows Acadian Asset Management's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.20	136	-348	287	828	101	66	85	80
Consolidated Net Income / (Loss)	9.10	130	240	316	934	101	67	87	107
Net Income / (Loss) Continuing Operations	9.20	130	203	248	128	101	70	87	116
Total Pre-Tax Income	142	135	213	345	178	145	97	126	143
Total Operating Income	71	84	222	132	146	168	106	136	132
Total Gross Profit	176	218	6.00	730	245	258	209	240	250
Total Revenue	859	915	6.00	973	530	417	427	506	564
Operating Revenue	859	915	6.00	973	530	417	427	506	564
Total Cost of Revenue	683	696	0.00	243	285	159	218	266	314
Operating Cost of Revenue	683	696	-	243	285	159	218	266	314
Total Operating Expenses	131	147	373	125	93	90	100	104	109
Selling, General & Admin Expense	113	126	356	88	71	71	83	85	92
Depreciation Expense	12	15	16	20	22	19	17	19	17
Total Other Income / (Expense), net	98	51	-13	213	65	-23	-9.50	-9.80	11
Interest Expense	25	25	32	29	25	24	20	19	23
Interest & Investment Income	71	56	19	0.30	0.20	0.40	10	7.40	34
Other Income / (Expense), net	52	20	0.00	241	89	0.20	-0.10	2.20	-0.10
Income Tax Expense	133	5.00	11	97	50	44	29	39	37
Net Income / (Loss) Attributable to Noncontrolling Interest	4.90	-6.10	32	29	68	0.00	1.30	1.80	27
Basic Earnings per Share	$0.04	$1.27	$2.45	$3.53	$12.39	$2.39	$1.59	$2.25	$2.21
Weighted Average Basic Shares Outstanding	110.71M	107.43M	91.21M	81.26M	77.21M	42.06M	41.49M	37.77M	36.19M
Diluted Earnings per Share	$0.04	$1.26	$2.45	$3.49	$10.29	$2.33	$1.55	$2.22	$2.21
Weighted Average Diluted Shares Outstanding	111.38M	107.62M	91.27M	82.04M	80.49M	43.16M	42.54M	38.33M	36.22M
Weighted Average Basic & Diluted Shares Outstanding	-	-	85.69M	79.40M	43.93M	41.45M	38.21M	37.49M	35.72M
Cash Dividends to Common per Share	$0.36	$0.39	$0.40	$0.13	$0.04	$0.04	$0.04	$0.04	$0.04

This table shows Acadian Asset Management's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	11	20	23	15	11	17	43	20	10	15	35
Consolidated Net Income / (Loss)	12	20	24	16	12	19	41	24	19	27	37
Net Income / (Loss) Continuing Operations	13	21	22	16	12	19	34	25	21	32	38
Total Pre-Tax Income	17	28	35	22	17	28	58	32	24	34	53
Total Operating Income	20	30	36	23	21	27	65	32	16	27	57
Total Gross Profit	48	54	64	48	47	54	92	59	44	60	88
Total Revenue	96	107	131	106	109	123	168	120	127	144	172
Operating Revenue	96	107	131	106	109	123	168	120	127	144	172
Total Cost of Revenue	49	53	67	58	62	70	76	61	84	85	85
Operating Cost of Revenue	49	53	67	58	62	70	76	61	84	85	85
Total Operating Expenses	26	23	28	25	26	26	27	27	26	28	29
Selling, General & Admin Expense	22	19	24	20	21	22	22	22	22	24	24
Depreciation Expense	4.40	4.50	4.60	4.60	5.00	4.50	4.40	4.20	4.20	4.10	4.10
Total Other Income / (Expense), net	-3.10	-2.00	-2.50	-1.10	-3.50	1.40	-13	0.20	7.40	7.80	-4.30
Interest Expense	5.40	4.80	4.50	5.00	5.30	4.70	4.40	4.80	5.30	4.60	8.40
Interest & Investment Income	1.80	2.40	4.10	3.00	1.70	4.60	-1.90	4.70	13	12	4.30
Other Income / (Expense), net	0.50	0.40	-2.10	0.90	0.10	1.50	-6.80	0.30	-0.20	0.00	-0.20
Income Tax Expense	5.50	7.70	11	6.10	5.60	9.40	18	8.30	4.50	7.40	16
Net Income / (Loss) Attributable to Noncontrolling Interest	0.10	0.20	1.00	1.10	0.50	2.10	-1.90	3.70	9.00	12	2.00
Basic Earnings per Share	$0.27	$0.47	$0.56	$0.37	$0.29	$0.46	$1.13	$0.54	$0.28	$0.42	$0.97
Weighted Average Basic Shares Outstanding	41.48M	41.51M	41.49M	39.06M	37.55M	37.07M	37.77M	37.36M	35.91M	35.81M	36.19M
Diluted Earnings per Share	$0.27	$0.46	$0.54	$0.37	$0.29	$0.45	$1.11	$0.54	$0.28	$0.42	$0.97
Weighted Average Diluted Shares Outstanding	42.65M	42.59M	42.54M	39.73M	38.24M	37.79M	38.33M	37.38M	35.93M	35.85M	36.22M
Weighted Average Basic & Diluted Shares Outstanding	41.51M	41.51M	38.21M	37.76M	37.07M	37.32M	37.49M	35.80M	35.81M	35.71M	35.72M

This table details how cash moves in and out of Acadian Asset Management's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	311	145	-225	283	-152	-131	26	-49	26
Net Cash From Operating Activities	140	195	-139	91	-12	117	68	56	-2.40
Net Cash From Continuing Operating Activities	140	195	-115	95	-4.40	117	68	56	-2.40
Net Income / (Loss) Continuing Operations	9.10	130	203	248	819	101	67	87	107
Consolidated Net Income / (Loss)	9.10	130	240	316	896	101	67	87	107
Depreciation Expense	12	15	16	20	22	19	17	19	17
Amortization Expense	202	209	-47	1.80	44	-25	12	35	61
Non-Cash Adjustments To Reconcile Net Income	-139	-55	11	-225	-780	49	-34	-88	-242
Changes in Operating Assets and Liabilities, net	270	-114	-299	49	-113	-27	5.90	3.20	55
Net Cash From Investing Activities	55	17	9.00	270	1,039	-13	-44	-50	16
Net Cash From Continuing Investing Activities	55	17	18	276	1,036	-13	-44	-50	16
Purchase of Property, Plant & Equipment	-14	-22	-33	-26	-15	-16	-14	-9.90	-12
Purchase of Investments	-146	-104	-25	-18	-2.50	-5.50	-26	-48	-18
Sale and/or Maturity of Investments	149	78	71	110	43	8.60	8.20	7.50	35
Other Investing Activities, net	66	-40	0.00	-86	-	-	-13	0.00	10
Net Cash From Financing Activities	-96	-67	-95	-77	-1,180	-234	1.80	-54	12
Net Cash From Continuing Financing Activities	-96	-67	-104	-81	-1,152	-234	1.80	-54	12
Repayment of Debt	-43	-53	-332	-255	-176	-340	-114	-140	-416
Repurchase of Common Equity	-74	-72	-242	-47	-1,122	-103	-3.30	-97	-49
Payment of Dividends	-39	-43	-36	-11	-2.90	-1.20	-2.00	-1.50	-1.50
Issuance of Debt	76	15	505	80	176	214	114	139	337
Issuance of Common Equity	0.00	0.00	0.00	0.00	2.70	0.00	0.00	0.10	0.00
Other Financing Activities, net	-17	85	0.10	153	-30	-3.40	7.10	44	141
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	-	0.50
Cash Interest Paid	22	22	28	24	20	16	16	15	20
Cash Income Taxes Paid	71	46	45	33	205	37	38	49	34

This table details how cash moves in and out of Acadian Asset Management's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-14	-9.80	4.50	-45	-30	-2.10	27	25	-115	38	79
Net Cash From Operating Activities	39	21	43	-40	46	70	-19	-49	62	-24	8.70
Net Cash From Continuing Operating Activities	39	21	43	-40	46	70	-19	-49	-24	62	8.70
Net Income / (Loss) Continuing Operations	12	20	24	16	12	19	41	24	-24	70	37
Consolidated Net Income / (Loss)	12	20	24	16	12	19	41	24	-	-	37
Depreciation Expense	4.40	4.50	4.60	4.60	5.00	4.50	4.40	4.20	4.20	4.10	4.10
Amortization Expense	1.80	1.40	6.10	7.30	9.00	12	6.50	1.90	22	19	17
Non-Cash Adjustments To Reconcile Net Income	10	-28	-38	17	-2.00	6.70	-110	32	-54	-190	-30
Changes in Operating Assets and Liabilities, net	12	23	47	-85	22	27	39	-110	27	158	-20
Net Cash From Investing Activities	-5.10	-13	-20	-1.40	-17	-30	-1.80	12	-2.70	-50	57
Net Cash From Continuing Investing Activities	-5.10	-13	-20	-1.40	-17	-30	-1.80	12	-2.70	-143	150
Purchase of Property, Plant & Equipment	-3.40	-2.80	-3.10	-2.40	-2.60	-2.40	-2.50	-2.50	-2.90	-2.80	-3.70
Purchase of Investments	-5.60	-0.30	-17	-2.30	-15	-30	-0.20	-2.50	-0.10	-15	-0.10
Sale and/or Maturity of Investments	3.90	2.60	0.20	3.30	0.30	3.00	0.90	17	0.30	18	0.40
Other Investing Activities, net	-	-	-	-	-	-	-	-	-	-	153
Net Cash From Financing Activities	-48	-18	-18	-2.60	-58	-42	49	62	-89	119	-80
Net Cash From Continuing Financing Activities	-48	-18	-18	-2.60	-58	-42	49	62	-89	119	-80
Repayment of Debt	-49	-25	-27	-28	-60	-52	-0.10	-20	-85	-32	-279
Payment of Dividends	-0.40	-0.50	-0.30	-0.40	-0.40	-0.40	-0.30	-0.40	-0.40	-0.30	-0.40
Issuance of Debt	-	-	14	101	23	15	-	100	25	12	200
Other Financing Activities, net	1.40	7.70	-1.70	-0.90	-	-5.40	51	-0.20	-2.10	144	-0.80
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	-	-	-	0.10
Cash Interest Paid	1.10	7.10	0.20	7.20	1.00	6.80	-	6.70	1.00	6.80	5.50
Cash Income Taxes Paid	20	9.60	7.30	1.40	22	9.70	16	1.40	21	6.40	5.40

This table presents Acadian Asset Management's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,554	1,420	1,379	715	519	611	703	677
Total Current Assets	673	147	381	257	123	150	102	127
Cash & Equivalents	341	111	371	252	108	147	95	101
Restricted Cash	4.90	9.70	-	0.00	13	0.80	3.70	23
Current Deferred & Refundable Income Taxes	3.90	26	9.30	4.90	2.00	2.70	3.00	2.90
Plant, Property, & Equipment, net	49	66	63	50	48	44	36	31
Total Noncurrent Assets	866	1,207	936	408	348	417	566	519
Noncurrent Note & Lease Receivables	159	152	-	167	123	143	165	179
Goodwill	309	275	20	20	20	20	20	20
Noncurrent Deferred & Refundable Income Taxes	270	244	170	72	65	70	78	78
Other Noncurrent Operating Assets	57	472	304	148	140	184	303	242
Total Liabilities & Shareholders' Equity	1,554	1,420	1,379	715	519	611	703	677
Total Liabilities	1,378	1,221	995	732	540	562	616	593
Total Current Liabilities	67	47	35	36	36	42	42	64
Accounts Payable	67	47	31	35	31	39	38	59
Current Deferred & Payable Income Tax Liabilities	-	-	4.10	1.10	4.60	2.60	3.30	4.10
Total Noncurrent Liabilities	1,310	1,175	959	696	504	520	574	530
Long-Term Debt	393	569	394	395	274	274	274	200
Noncurrent Employee Benefit Liabilities	820	543	152	221	152	169	212	259
Other Noncurrent Operating Liabilities	97	63	100	80	79	77	88	71
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	42	84	-	0.00	0.00	9.30	67	23
Total Equity & Noncontrolling Interests	134	115	384	-18	-22	40	20	61
Total Preferred & Common Equity	103	64	302	-18	-22	40	20	61
Total Common Equity	103	64	302	-18	-22	40	20	61
Common Stock	765	534	493	0.00	1.50	0.00	0.00	1.00
Retained Earnings	-641	-453	-177	-6.80	-13	47	24	56
Accumulated Other Comprehensive Income / (Loss)	-21	-18	-14	-11	-11	-6.70	-4.40	3.40

This table presents Acadian Asset Management's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	475	546	558	553	545	533	555	677	672	751
Total Current Assets	118	167	159	149	103	81	77	123	104	174
Cash & Equivalents	101	154	141	143	102	72	54	120	94	139
Restricted Cash	-	13	12	0.00	0.80	1.80	18	3.60	3.70	21
Current Deferred & Refundable Income Taxes	16	0.00	6.20	5.90	0.00	7.90	5.30	0.00	6.70	14
Plant, Property, & Equipment, net	48	48	47	46	42	40	38	34	33	31
Total Noncurrent Assets	309	331	352	358	400	412	441	520	539	568
Noncurrent Note & Lease Receivables	91	100	90	104	119	112	119	132	124	139
Goodwill	20	20	20	20	20	20	20	20	20	20
Noncurrent Deferred & Refundable Income Taxes	63	66	67	69	72	75	78	77	83	75
Other Noncurrent Operating Assets	135	145	175	165	188	205	224	291	312	334
Total Liabilities & Shareholders' Equity	475	546	558	553	545	533	555	677	672	751
Total Liabilities	530	554	552	522	555	552	559	585	585	640
Total Current Liabilities	26	29	53	26	30	32	39	33	35	59
Accounts Payable	23	21	52	24	23	30	37	27	33	57
Current Deferred & Payable Income Tax Liabilities	2.70	8.30	1.20	1.30	7.20	1.90	2.10	6.20	2.50	2.40
Total Noncurrent Liabilities	504	525	499	496	525	520	520	552	550	581
Long-Term Debt	302	361	312	287	347	310	274	354	295	275
Noncurrent Employee Benefit Liabilities	125	84	107	132	103	136	172	111	166	212
Other Noncurrent Operating Liabilities	77	80	80	78	75	74	74	86	90	95
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	0.40	2.30	8.30	12	12	14	71	78	91
Total Equity & Noncontrolling Interests	-55	-8.70	3.70	23	-22	-31	-18	22	9.20	20
Total Preferred & Common Equity	-55	-8.70	3.70	23	-22	-31	-18	22	9.20	20
Total Common Equity	-55	-8.70	3.70	23	-22	-31	-18	22	9.20	20
Common Stock	0.90	1.40	1.50	1.80	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-42	-0.80	10	29	-16	-25	-14	25	11	22
Accumulated Other Comprehensive Income / (Loss)	-14	-9.30	-7.90	-8.10	-6.20	-5.40	-3.90	-3.20	-2.10	-1.50

This table displays calculated financial ratios and metrics derived from Acadian Asset Management's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	35,709,120.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	35,709,120.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	2.24
Growth Metrics	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	4.60	81	211	95	105	117	74	94	98
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	46.31%	23.47%	31.79%	37.73%
Earnings before Interest and Taxes (EBIT)	123	104	222	373	235	168	106	138	132
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	337	327	192	395	301	162	135	191	210
Valuation Ratios	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	146	-500	461	259	111	29	6.47	202
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-66	646	280	125	131	176	263	160
Increase / (Decrease) in Invested Capital	0.00	-66	712	-367	-154	5.50	45	87	-103
Book Value per Share	$0.00	$0.96	$0.71	$3.53	($0.22)	($0.49)	$0.97	$0.54	$1.70
Tangible Book Value per Share	$0.00	($2.58)	($3.02)	$3.29	($0.48)	($0.95)	$0.48	($0.01)	$1.13
Total Capital	0.00	569	767	779	377	252	323	361	284
Total Debt	0.00	393	569	394	395	274	274	274	200
Total Long-Term Debt	0.00	393	569	394	395	274	274	274	200
Net Debt	0.00	-276	448	23	143	152	126	176	76
Capital Expenditures (CapEx)	14	22	33	26	15	16	14	9.90	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-64	-21	-26	-31	-34	-39	-39	-61
Debt-free Net Working Capital (DFNWC)	0.00	605	101	345	221	87	108	60	64
Net Working Capital (NWC)	0.00	605	101	345	221	87	108	60	64
Net Nonoperating Expense (NNE)	-4.50	-50	-29	-221	-830	16	6.61	6.77	-8.26
Net Nonoperating Obligations (NNO)	0.00	-242	448	-105	143	152	126	176	76
Total Depreciation and Amortization (D&A)	214	223	-31	22	66	-6.10	29	53	78
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$2.45	$3.53	$10.73	$2.39	$3.18	$2.25	$2.21
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	91.21M	81.26M	77.21M	42.06M	41.49M	37.77M	36.19M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$2.45	$3.49	$10.29	$2.33	$1.55	$2.22	$2.21
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	91.27M	82.04M	80.49M	43.16M	42.54M	38.33M	36.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	85.69M	79.40M	43.93M	41.45M	38.21M	37.49M	35.72M
Normalized Net Operating Profit after Tax (NOPAT)	50	81	211	106	105	117	74	94	98
Debt Service Ratios	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Acadian Asset Management's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	35,709,120.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	35,709,120.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.97
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	14	22	24	16	14	18	45	24	13	21	40
Return On Investment Capital (ROIC_SIMPLE)	-	-	7.73%	5.07%	-	-	15.35%	6.29%	4.32%	7.08%	15.22%
Earnings before Interest and Taxes (EBIT)	21	31	34	24	22	33	58	32	16	27	57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	37	44	36	36	49	69	38	43	50	79
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-151	-153	-21	-32	-39	-6.14	-42	-66	-56	-27	143
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	165	175	176	234	218	199	263	324	288	247	160
Increase / (Decrease) in Invested Capital	165	175	45	48	53	24	87	90	70	48	-103
Book Value per Share	$0.09	$0.55	$0.97	($0.57)	($0.82)	($0.48)	$0.54	$0.58	$0.26	$0.57	$1.70
Tangible Book Value per Share	($0.40)	$0.06	$0.48	($1.10)	($1.35)	($1.03)	($0.01)	$0.04	($0.31)	$0.00	$1.13
Total Capital	318	318	323	337	291	270	361	447	381	386	284
Total Debt	312	287	274	347	310	274	274	354	295	275	200
Total Long-Term Debt	312	287	274	347	310	274	274	354	295	275	200
Net Debt	159	144	126	244	237	203	176	231	197	115	76
Capital Expenditures (CapEx)	3.40	2.80	3.10	2.40	2.60	2.40	2.50	2.50	2.90	2.80	3.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-47	-20	-39	-30	-24	-34	-39	-33	-29	-46	-61
Debt-free Net Working Capital (DFNWC)	106	124	108	73	50	37	60	90	69	115	64
Net Working Capital (NWC)	106	124	108	73	50	37	60	90	69	115	64
Net Nonoperating Expense (NNE)	2.30	1.94	0.48	0.79	2.35	-0.94	4.59	-0.15	-5.99	-6.12	2.97
Net Nonoperating Obligations (NNO)	159	144	126	244	237	203	176	231	201	136	76
Total Depreciation and Amortization (D&A)	6.20	5.90	11	12	14	17	11	6.10	27	23	22
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.27	$0.47	$0.56	$0.37	$0.29	$0.46	$1.13	$0.54	$0.28	$0.42	$0.97
Adjusted Weighted Average Basic Shares Outstanding	41.48M	41.51M	41.49M	39.06M	37.55M	37.07M	37.77M	37.36M	35.91M	35.81M	36.19M
Adjusted Diluted Earnings per Share	$0.27	$0.46	$0.54	$0.37	$0.29	$0.45	$1.11	$0.54	$0.28	$0.42	$0.97
Adjusted Weighted Average Diluted Shares Outstanding	42.65M	42.59M	42.54M	39.73M	38.24M	37.79M	38.33M	37.38M	35.93M	35.85M	36.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.51M	41.51M	38.21M	37.76M	37.07M	37.32M	37.49M	35.80M	35.81M	35.71M	35.72M
Normalized Net Operating Profit after Tax (NOPAT)	14	22	24	16	14	18	45	24	13	21	40
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Acadian Asset Management (NYSE:AAMI) — at a glance from the last four years of quarterly statements, there are clear trends in revenue growth, profitability, cash flow, and leverage. The following points highlight the most relevant takeaways for retail investors.

Revenue growth: Operating revenue rose from about 122.7 million in Q4 2022 to 172.2 million in Q4 2025, a roughly 40% increase, reflecting scale and pricing power as assets under management expanded.
Healthy gross margins: Gross margins have generally stayed solid, around the 50%–56% range across 2022–2025. For example, Q4 2025 shows gross profit of 87.6 million on 172.2 million in revenue (about 50.8% gross margin).
Net income to common shareholders remains positive: Net income to common shareholders stayed positive and progressed over time, rising from about 30.4 million in Q4 2022 to 34.7 million in Q4 2025, indicating ongoing profitability (with intermediate quarterly variations).
Cash flow from continuing operating activities improving in 2025: Net cash from continuing operating activities flipped to positive in Q4 2025 (about 8.7 million), after a negative read in Q4 2024 (around -19.1 million), signaling improving cash generation from core operations.
Liquidity improving in 2025: Cash and equivalents were around 138.7 million in Q3 2025, indicating a meaningful liquidity cushion that supports ongoing operations and optionality.
Modest dividend framework: Cash dividends per share are set at 0.01 USD, reflecting a modest, recurring return of capital to shareholders and a manageable dividend policy relative to earnings.
Debt levels appear substantial but relatively stable: Long-term debt sits in a multi-hundred million range and remained broadly flat to gradually fluctuating through 2024–2025, suggesting leverage discipline without dramatic increases.
Balance sheet size and composition relatively stable: Total assets and equity generally sit in the mid-to-high hundreds of millions, with a stable asset mix typical for an asset-management business (no dramatic swings in core equity base).
Working capital headwinds and financing outflows: Changes in operating assets and liabilities were negative in several quarters (working capital consumption), and financing activity included sizable cash outflows in some periods, weighing on near-term cash balances.

05/09/26 11:52 PM ETAI Generated. May Contain Errors.

Acadian Asset Management Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Acadian Asset Management's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Acadian Asset Management's net income appears to be on a downward trend, with a most recent value of $106.60 million in 2025, rising from $9.10 million in 2017. The previous period was $86.80 million in 2024. See where experts think Acadian Asset Management is headed by visiting Acadian Asset Management's forecast page.

Acadian Asset Management's total operating income in 2025 was $132.10 million, based on the following breakdown:

Total Gross Profit: $249.80 million
Total Operating Expenses: $108.60 million

Over the last 8 years, Acadian Asset Management's total revenue changed from $859.20 million in 2017 to $563.70 million in 2025, a change of -34.4%.

Acadian Asset Management's total liabilities were at $593 million at the end of 2025, a 3.7% decrease from 2024, and a 57.0% decrease since 2018.

In the past 7 years, Acadian Asset Management's cash and equivalents has ranged from $94.80 million in 2024 to $371.30 million in 2020, and is currently $101.20 million as of their latest financial filing in 2025.

Over the last 8 years, Acadian Asset Management's book value per share changed from 0.00 in 2017 to 1.70 in 2025, a change of 169.7%.

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Financial statements for NYSE:AAMI last updated on 3/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Acadian Asset Management (AAMI) Financials

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Acadian Asset Management (AAMI) Financials

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How has Acadian Asset Management's revenue changed over the last 8 years?

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