Ares Management Corporation filed its quarterly report on Form 10-Q with the SEC on November 6, 2026, covering the fiscal quarter ended September 30, 2026.

Key Highlights

  • Class A shares outstanding: As of November 2, 2026, the company reported 224,138,030 shares of Class A common stock outstanding.
  • Non-voting common stock: 3,489,911 shares of non-voting common stock were outstanding as of November 2, 2026.
  • Class C common stock: 102,689,992 shares of Class C common stock were outstanding as of November 2, 2026.
  • Preferred stock: 30,000,000 shares of 6.75% Series B mandatory convertible preferred stock were outstanding as of November 2, 2026.
  • Class B common stock: 1,000 shares of Class B common stock were outstanding as of November 2, 2026.
  • Filer status: The registrant is classified as a large accelerated filer.

Ares Management's Capital Structure and Consolidation Approach as of September 30, 2026

Ares Management Corporation (NYSE:ARES), a Delaware-incorporated alternative asset manager headquartered in Los Angeles, California, submitted its Form 10-Q for the quarterly period ended September 30, 2026. The filing covers unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2026 and 2025, along with management's discussion and analysis and disclosures on market risk and internal controls.

According to the filing, the company's share capital as of November 2, 2026 consisted of multiple share classes: 224,138,030 Class A shares, 3,489,911 non-voting common shares, 1,000 Class B shares, 102,689,992 Class C shares, and 30,000,000 shares of 6.75% Series B mandatory convertible preferred stock, par value $0.01 per share. Both the Class A common stock and the Series B preferred stock are listed on the New York Stock Exchange under the symbols ARES and ARES.PRB, respectively.

The filing describes the company's consolidation framework under U.S. GAAP, noting that Ares is required to consolidate entities in which it holds a majority voting interest or is deemed the primary beneficiary, including variable interest entities such as limited partnerships and collateralized loan obligations. The filing states that "when an entity is consolidated, we reflect the assets, liabilities, revenues, expenses and cash flows of the entity in our unaudited condensed consolidated financial statements on a gross basis, subject to eliminations from consolidation." Net income attributable to third-party investors in consolidated funds is presented as non-controlling interests within the condensed consolidated statements of operations, according to the filing. The company also disclosed that it consolidates certain joint ventures established with third-party investors for strategic distribution and expansion purposes.

What Was Disclosed

Ares Management Corporation filed its Form 10-Q for the quarter ended September 30, 2026, disclosing share counts across five stock classes as of November 2, 2026, its large accelerated filer status, and its U.S. GAAP consolidation policies for affiliated funds, VIEs, and joint ventures.