PX
P10, Inc.10.18
+0.12+1.19%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.12BP/E (TTM)
78.31Basic EPS (TTM)
0.13Dividend Yield
0.01%Recent Filings
8-K
P10 Q3 AUM up 17%
P10, Inc. reported Q3 2025 results with fee-paying AUM surging 17% year-over-year to $29.1 billion, fueled by $915 million in organic fundraising and deployments across private equity, credit, and venture capital. Fee-related revenue climbed 4% to $75.9 million, while fee-related earnings edged up 3% to $36.0 million, underscoring platform resilience amid stepdowns. The company raised its full-year fundraising guidance to near $5 billion. Yet, adjusted net income dipped 7% to $28.6 million.
10-Q
Q2 FY2025 results
P10's Q2 FY2025 results showed revenue climbing 2% y/y to $72.7M, driven by management and advisory fees up 4% y/y to $71.5M from fundraising wins and the April Qualitas acquisition, while other revenue dipped 54% y/y amid lower carried interest. Operating income edged up 5% y/y to $17.7M, but net income fell 43% y/y to $4.2M after a $6.5M loss on converting Bonaccord's strategic alliance to equity and higher interest costs; diluted EPS held at $0.03, consistent with 118.7M shares. Free cash flow wasn't disclosed in the 10-Q. The Qualitas deal closed April 4, 2025, for $73.2M (mostly cash, some stock and contingent), adding $48.8M goodwill and $31.3M intangibles amortized over 4-20 years. Cash stood at $33.4M with $52.5M revolver drawn against $373M total debt at ~6.9% SOFR; $2.3M remains for share repurchases. Yet competition for top fund managers tightens access.
8-K
P10's AUM hits $28.9B
P10, Inc. reported Q2 2025 results, with fee-paying AUM surging 21% year-over-year to $28.9 billion, fueled by $1.9 billion in record organic fundraising and deployments plus the Qualitas Funds acquisition adding $1 billion. Fee-related revenue climbed 6% to $72.7 million, while fee-related earnings rose 5% to $35.4 million, though GAAP net income dipped to $4.2 million. The company repurchased $26 million in shares and declared a $0.0375 per share dividend. Momentum builds in middle-market strategies.
8-K
Annual meeting elects directors
P10, Inc. stockholders at the June 12, 2025 annual meeting elected Jennifer Glassman, Scott Gwilliam, and Edwin Poston as Class I directors for three-year terms, with Glassman receiving the strongest support at 300 million votes for against 43 million withheld. They also ratified KPMG LLP as auditors for the fiscal year ending December 31, 2025, passing overwhelmingly with 358 million votes for and just 490,000 against. Directors locked in. No major dissent signals governance issues.
8-K
P10's record Q1 fundraising
P10, Inc. reported Q1 2025 results with revenue up 2% to $67.7 million and fee-paying AUM rising 10% to $26.3 billion, fueled by a record $1.4 billion in gross new fee-paying AUM from fundraising and deployments. The company completed its acquisition of Qualitas Funds on April 4, expanding its European footprint, while boosting its quarterly dividend 7% to $0.0375 per share. Record fundraising underscores platform strength, yet adjusted net income dipped 8% to $23.5 million amid offsets from stepdowns.
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