← Apollo Global Management, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and Cash Equivalents, at Carrying Value | $917.0m | $9.0b | — | — | — | |
| Cash and cash equivalents | $917.0m | $9.0b | $16.9b | $16.8b | $20.4b | |
| Restricted cash and cash equivalents | — | $1.7b | $1.8b | $946.0m | $1.4b | |
| Goodwill | $117.0m | $4.3b | $4.3b | $4.3b | $5.9b | |
| Other assets | $1.5b | $13.2b | $398.0m | $355.0m | $282.0m | |
| Additional Financial Items | ||||||
| Redeemable non-controlling interests | ||||||
| Debt | $3.1b | $6.5b | $8.1b | $10.6b | $13.4b | |
| Deferred acquisition costs, deferred sales inducements and value of business acquired | $0 | $5.6b | $6.0b | $7.2b | $8.6b | |
| Due from related parties | $490.0m | $465.0m | $449.0m | $584.0m | $663.0m | |
| Due to related parties | $1.2b | $998.0m | $870.0m | $710.0m | $1.1b | |
| Future policy benefits | $0 | $55.3b | $53.3b | $49.9b | $50.3b | |
| Interest sensitive contract liabilities | $0 | $173.7b | $204.7b | $253.6b | $315.9b | |
| Investments | $11.4b | $178.1b | $212.9b | $227.1b | $39.1b | |
| Market risk benefits | — | $3.0b | $3.8b | $4.0b | $4.9b | |
| Non-controlling interests | $6.4b | $5.8b | $11.2b | $13.7b | $19.2b | |
| Other liabilities | $0 | $3.2b | $1.1b | $1.4b | — | |
| Payables for collateral on derivatives and securities to repurchase | $0 | $6.7b | $7.5b | $11.7b | $11.1b | |
| Reinsurance recoverable | $0 | $4.4b | $4.2b | $8.2b | $10.3b | |
| Total Apollo Global Management, Inc. Stockholders’ Equity | $3.8b | $397.0m | $14.0b | $17.3b | $23.3b | |
| Total Equity | $10.2b | $6.2b | $25.2b | $31.0b | $42.5b | |
| Assets | $30.5b | $259.3b | $313.5b | $377.9b | $460.9b | |
| Total Assets | $30.5b | $259.3b | $313.5b | $377.9b | $460.9b | |
| LIABILITIES AND EQUITY | ||||||
| Accounts payable, accrued expenses, and other liabilities | $2.8b | $3.0b | $3.3b | $3.6b | $124.0m | |
| Long-term Debt | $3.1b | $6.5b | $8.1b | $10.6b | $13.4b | |
| Liabilities | $18.5b | $252.1b | $288.2b | $346.9b | $418.4b | |
| Total Liabilities | $18.5b | $252.1b | $288.2b | $346.9b | $418.4b | |
| Stockholders’ equity: | ||||||
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($5.0m) | ($12.3b) | ($5.6b) | ($5.5b) | ($2.6b) | |
| Accumulated other comprehensive income (loss) | ($5.0m) | ($12.3b) | ($5.6b) | ($5.5b) | ($2.6b) | |
| Additional Paid in Capital | $2.1b | $15.0b | $15.2b | $15.3b | $17.0b | |
| Additional paid in capital | $2.1b | $15.0b | $15.2b | $15.3b | $17.0b | |
| Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 578,981,398 and 565,738,933 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 0 | 0 | |
| Common Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | |
| Mandatory Convertible Preferred Stock, 28,749,665 and 28,749,765 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 554.0m | 0 | 1.4b | 1.4b | 1.4b | |
| Preferred Stock, Value, Issued | — | — | $1.4b | $1.4b | $1.4b | |
| Retained Earnings (Accumulated Deficit) | $1.1b | ($2.3b) | $3.0b | $6.0b | $7.6b | |
| Retained earnings (accumulated deficit) | $1.1b | ($2.3b) | $3.0b | $6.0b | $7.6b | |
| Stockholders' Equity Attributable to Parent | $3.8b | $397.0m | $14.0b | $17.3b | $23.3b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $6.4b | $5.8b | $11.2b | $13.7b | $19.2b | |
| Liabilities and Equity | $30.5b | $259.3b | $313.5b | $377.9b | $460.9b | |
| Total Liabilities, Redeemable non-controlling interests and Equity | $30.5b | $259.3b | $313.5b | $377.9b | $460.9b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.