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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alex Blostein | Goldman Sachs | 8 questions · 0% challenging |
| Ben Budish | Barclays | 8 questions · 0% challenging |
| Bill Katz | TD Cowen | 8 questions · 0% challenging |
| Craig Siegenthaler | Bank of America | 7 questions · 14% challenging |
| Ken Worthington | JPMorgan | 7 questions · 14% challenging |
| Mike Cyprys | Morgan Stanley | 7 questions · 0% challenging |
| Steve Chubak | Wolfe Research | 6 questions · 17% challenging |
| Mike Brown | UBS | 6 questions · 17% challenging |
| Brian McKenna | Citizens JMP Securities | 5 questions · 0% challenging |
| Brennan Hawken | BMO Capital Markets | 5 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 analyst | 8 questions · 0% challenging |
| Barclays | 1 analyst | 8 questions · 0% challenging |
| TD Cowen | 1 analyst | 8 questions · 0% challenging |
| JPMorgan | 1 analyst | 7 questions · 14% challenging |
| Bank of America | 1 analyst | 7 questions · 14% challenging |
| Morgan Stanley | 1 analyst | 7 questions · 0% challenging |
| Wolfe Research | 1 analyst | 6 questions · 17% challenging |
| Citizens JMP Securities | 2 analysts | 6 questions · 0% challenging |
Ares started fiscal 2026 with record fundraising momentum and management fees growing 22% on 40.8% revenue growth. After-tax realized income per share grew 14%, and both GAAP EPS and operating income spreads were significantly positive, confirming operating leverage. Management reiterated long-term targets of 16-20% FRE CAGR, 20-25% realized income CAGR, and 20% dividend growth. The U.S. direct lending market slowed, but the wealth channel continued diversifying beyond credit into digital infrastructure and energy.
Demand | Competitive Dynamics | Credit | Revenue Growth | Capital Allocation | Subscriber Growth | Margin | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 5 | 1 | 5 | 2 | 3 | 4 | 3 |
| 2025Q1 | 5 | 2 | 3 | 1 | 2 | 2 | 1 | 2 |
| 2025Q2 | 2 | 3 | 3 | 1 | 2 | 2 | 1 | |
| 2025Q3 | 4 | 6 | 4 | 2 | 1 | 1 | 2 | |
| 2025Q4 | 3 | 2 | 2 | 2 | 3 | 1 | 1 | |
| 2026Q1 | 7 | 5 | 2 | 2 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 5 | 5 | 2 | 4 | 3 | 7 |
| Competitive Dynamics | 5 | 2 | 3 | 6 | 2 | 5 |
| Credit | 1 | 3 | 3 | 4 | 2 | 2 |
| Revenue Growth | 5 | 1 | 1 | 2 | 2 | 2 |
| Capital Allocation | 2 | 2 | 2 | 1 | 3 | 1 |
| Subscriber Growth | 3 | 2 | 2 | 1 | 1 | |
| Margin | 4 | 1 | 1 | 2 | ||
| M&A | 3 | 2 | 2 | 1 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin |
|---|---|---|---|---|---|
| FY2024 Q4 | $1.26B | +19.5% | $0.68 | -20.9% | 14.1% |
| FY2025 Q1 | $1.09B | +53.9% | $0.05 | -84.5% | 4.3% |
| FY2025 Q2 | $1.35B | +71.2% | $0.46 | +2.2% | 10.2% |
| FY2025 Q3 | $1.66B | +46.7% | $1.15 | +109.1% | 17.4% |
| FY2025 Q4 | $1.77B | +40.3% | $0.13 | -80.9% | 3.1% |
| FY2026 Q1Selected | $1.53B | +40.8% | $0.64 | +1112.1% | 9.3% |
| FY2026 Q2 | $1.43B | +5.8% | $0.49 | +6.5% | 10.5% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call May 1, 2026
FY2026 Q1 in brief
Ares started fiscal 2026 with record fundraising momentum and management fees growing 22% on 40.8% revenue growth.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +40.8% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Ares Management Corporation (ARES), FY2026 Q1: 9/10. Scores: Ares Management Corporation’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: ARES daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What ARES and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“The recently announced acquisition of Whitestone REIT by Ares Management, an all-cash transaction valued at approximately $1.7 billion is the latest evidence of how aggressively private capital is pursuing our sector”
Ares Management's ~$1.7B acquisition of Whitestone REIT is a signal on Ares' private-capital deployment into open-air grocery-anchored retail.
“the company continued to execute its strategy, including receiving support from strategic investors like Amazon.”
Amazon is cited as a strategic investor backing X-energy, underscoring Amazon's continued financial support of small modular nuclear technology.
“before turning the call over to Jarrod, I wanted to highlight the successful IPO last week of X-energy, which is a small modular nuclear reactor company.”
Ares highlighted its portfolio company X-energy's oversubscribed IPO, marking a large valuation gain on Ares's balance-sheet investment in the nuclear developer.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ARES Ares Management Corporation | 9 | +40.8% | |
| AMP Ameriprise Financial | 8 | +9.0% | |
| BEN Franklin Resources | 8 | +8.7% | |
| BLK BlackRock | 9 | +26.9% | |
| BNY BNY Mellon | 9 | +2.2% | |
| BX Blackstone Inc. | 8 | +39.3% | |
| IVZ Invesco | 8 | +14.1% | |
| KKR KKR | 7 | +31.0% | |
| NTRS Northern Trust | 9 | +7.8% | |
| STT State Street Corporation | 9 | +2.2% | |
| TROW T. Rowe Price | 6 | +5.3% |