Blue Owl Capital Inc. Class A Common Stock

Blue Owl Capital Inc. Class A Common Stock Earnings Recaps

OWL Financials 2 recaps
Q1 2026 May 1, 2026

Blue Owl shares surged 12.4% post-earnings as robust fundraising and diversified platform growth substantially outpaced investor expectations. The company’s 13% year-over-year revenue increase and healthy capital inflows across private credit, real assets, and GP Strategic Capital were key drivers behind the market’s enthusiastic reaction.

Key takeaways
  • Fee-related earnings (FRE) rose 14% and distributable earnings (DE) climbed 11% year-over-year, with Q1 FRE at $0.25 per share and DE at $0.19 per share.
  • Blue Owl raised $57 billion over the past 12 months—including $11 billion in Q1—its second highest annual fundraising since inception, reflecting broad demand from both institutional and private wealth channels.
  • Real assets and alternative credit saw particularly strong momentum, with real assets AUM up 2.5x year-over-year in private wealth and alternative credit/net lease AUM up approximately 40%.
  • Platform diversification continued, with direct lending now comprising only 37% of AUM, as real assets and GP Strategic Capital expand to 27% and 22% respectively.
  • Blue Owl’s participation in large-scale digital infrastructure projects—including Amazon’s $12 billion data center—demonstrated scale and strategic relevance across new verticals.
Full recap
Q3 2025 Oct 31, 2025

Blue Owl Capital reported strong third-quarter results with a record $14 billion in new capital commitments, highlighting robust growth across its diversified investment platforms despite current credit market concerns.

Key takeaways
  • Fee-related earnings (FRE) of $0.24 per share and distributable earnings (DE) of $0.22 per share.
  • Declared a dividend of $0.225 per share, payable November 24.
  • Achieved a record $57 billion in capital raises over the past 12 months, equivalent to 24% of AUM a year ago.
  • Maintained strong credit portfolio health with an average realized loss of just 13 basis points, underscoring prudent risk management.
  • Notable collaborations, including a forward flow agreement with PayPal, reflecting strategic growth in alternative financing.
Full recap