P10 Reports Third Quarter Earnings Results
Organic Fundraising and Deployments of $915 million in Gross New Fee-Paying AUM
Fee-Paying AUM has increased 17% year over year.
Annual Guidance Increased
DALLAS — P10, Inc. (NYSE: PX), a prominent player in private markets solutions, has recently unveiled its financial results for the third quarter, marking a notable period of development and achievement.
Financial Highlights for the Third Quarter
P10’s report unveils impressive figures underscoring their operational success:
- Revenue stands at $75.9 million, reflecting a 2% year-over-year growth.
- Fee-Related Revenue mirrors this growth, also reported at $75.9 million with a 4% year-on-year increase.
- Fee-Paying Assets Under Management have reached a remarkable $29.1 billion, showing a 17% increase compared to the previous year.
- GAAP Net Income has nearly doubled to $3.0 million, up from $1.3 million a year ago.
- Fee-Related Earnings are reported at $36.0 million, marking a 3% rise from last year.
- Adjusted Net Income is reported at $28.6 million, though slightly down from $30.8 million last year.
- Fully Diluted GAAP EPS improved to $0.02, compared to $0.01 last year.
- Fully Diluted ANI per share decreased slightly to $0.24, down from $0.26.
P10 encourages stakeholders to review detailed presentations of its quarterly financials available on their investor relations page.
Comments from Management
Luke Sarsfield, Chairman and CEO of P10 stated, "Our third quarter results illuminate the robustness of our diversified platform and the solid fundamentals driving our investment focus in the middle and lower-middle markets. We have confidently exceeded our 2025 organic gross fundraising guidance of $4 billion and have reset expectations to closer to $5 billion for the year."
Share Repurchase Program Updates
During this quarter, P10 actively repurchased 110,032 shares at an average price of $11.34 per share, further demonstrating their commitment to enhancing shareholder value. As of the end of the quarter, approximately $26 million remains available under the existing share repurchase authorization.
Dividend Announcement
P10’s Board of Directors has announced a quarterly cash dividend of $0.0375 per share for Class A and Class B common stock, expected to be paid in December to shareholders recorded as of late November.
Upcoming Conference Call
The Company will conduct a conference call at 8:30 a.m. Eastern Time on an upcoming Thursday. Participation requires prior registration, with a live webcast available for those interested.
About P10
P10, Inc. (NYSE: PX) serves as a key provider in the private markets field, boasting over $40 billion in assets under management. The firm specializes in various financial avenues including private equity, credit, and venture capital with a keen focus on the middle and lower-middle market segments. Their objective remains centered on delivering appealing risk-adjusted returns to a diverse global investor base.
Frequently Asked Questions
What were P10's total revenue figures for the third quarter?
P10 reported total revenue of $75.9 million for the third quarter.
How much has P10's Fee-Paying AUM increased?
Fee-Paying Assets Under Management increased by 17% year-over-year to $29.1 billion.
What is the EPS growth reported for P10?
Fully Diluted GAAP EPS increased to $0.02 compared to $0.01 in the previous year.
When is P10 expected to pay dividends?
P10 has scheduled its quarterly dividend payment for December 19, 2025.
How does P10 plan to proceed with its fundraising efforts?
P10 has adjusted its fundraising expectations to reach close to $5 billion by the end of the year, having already surpassed its previous guidance.
