Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · KKR & (KKR)

KKR swings to $185.9 million GAAP loss in Q1 2025 while adjusted earnings rise 20%

Mixed Impact 3 of 5 earnings Written later

KKR reported a first-quarter 2025 GAAP net loss attributable to common stockholders of $185.9 million, or $0.22 per basic share, compared with net income of $682.2 million a year earlier. Adjusted net income rose 20% year-over-year to $1.0 billion ($1.15 per adjusted share), and fee related earnings rose 23% to $823 million, so shareholders face a split picture between the GAAP loss and the stronger adjusted measures.

Key points

  • GAAP net loss attributable to KKR common stockholders was $(185.9) million, or $(0.22) per basic share, versus $682.2 million, or $0.77 per basic share, in Q1 2024.
  • GAAP total revenues were $3.1 billion, down from $9.7 billion in Q1 2024; insurance revenues were $1.1 billion versus $7.7 billion.
  • Adjusted net income was $1.0 billion ($1.15 per adjusted share), up 20% year-over-year; fee related earnings were $823 million, up 23%.
  • Assets under management reached $664 billion at March 31, 2025, up 15% year-over-year; the quarterly regular dividend was $0.185 per common share.

The filing

CompanyKKR & (KKR)
Form8-K, current report
Filed with the SECMay 1, 2025, 6:50 AM ET
Accession number0001404912-25-000019

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 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 May 01, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.