Company: CNS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001284812-25-000255
Chunk: 8

Company: COHEN & STEERS, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 8
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Item 1. Financial Statements

COHEN & STEERS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited)

(in thousands, except share data)

June 30,2025December 31,2024Assets:Cash and cash equivalents$95,372 $182,974 Investments ($69,916 and $109,210) (1)357,630 335,377 Accounts receivable72,884 74,389 Due from brokers ($28 and $60) (1)4,163 1,474 Property and equipment—net67,562 68,604 Operating lease right-of-use assets—net99,929 99,200 Goodwill and intangible assets—net20,034 18,756 Other assets ($326 and $199) (1)33,449 31,592 Total assets$751,023 $812,366 Liabilities:Accrued compensation and benefits$39,947 $71,049 Distribution and service fees payable8,337 8,485 Operating lease liabilities141,563 141,115 Income tax payable192 4,601 Due to brokers ($438 and $170) (1)4,096 2,111 Other liabilities and accrued expenses ($240 and $333) (1)14,567 10,102 Total liabilities208,702 237,463 Commitments and contingencies (See Note 11)Redeemable noncontrolling interests1,250 53,460 Stockholders' equity:Common stock, $0.01 par value; 500,000,000 shares authorized; 58,210,217 shares issued and 50,993,657 shares outstanding at June 30, 2025 and 57,492,567 shares issued and 50,574,641 shares outstanding at December 31, 2024582 575 Additional paid-in capital968,684 943,281 Accumulated deficit(117,510)(129,339)Accumulated other comprehensive loss(3,958)(10,025)Treasury stock, at cost, 7,216,560 and 6,917,926 shares at June 30, 2025 and December 31, 2024, respectively(319,297)(292,781)Total stockholders’ equity attributable to Cohen