Cohen & Steers Q4 revenue rises 2.9% to $143.8M; GAAP EPS falls to $0.68
Cohen & Steers reported fourth-quarter 2025 revenue of $143.8 million, up 2.9% from a year earlier, but U.S. GAAP diluted EPS fell to $0.68 from $0.89, reflecting $10.8 million of non-recurring expenses tied to a closed-end fund rights offering that raised $513 million. Adjusted diluted EPS was $0.81 versus $0.78 a year earlier, and full-year 2025 revenue rose 7.5% to $556.1 million while GAAP diluted EPS was flat at $2.97. Assets under management ended the year at $90.5 billion, down 0.4% in the quarter, with net inflows of $1.2 billion.
Key points
- Q4 2025 revenue was $143.8 million, up 1.5% from Q3 2025 and 2.9% from Q4 2024.
- Q4 2025 U.S. GAAP diluted EPS was $0.68, versus $0.89 in Q4 2024; as adjusted EPS was $0.81 versus $0.78.
- Full-year 2025 revenue was $556.1 million, up 7.5%; diluted EPS was $2.97, or $3.09 as adjusted.
- Assets under management were $90.5 billion at December 31, 2025, with Q4 net inflows of $1.2 billion.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 22, 2026.
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