P10(US:PX) Newsfilter·2025-02-12 12:30Core Viewpoint - P10, Inc. reported record financial performance for Q4 2024, achieving significant growth in assets under management and exceeding fundraising guidance for the year [5]. Financial Highlights Fourth Quarter 2024 Financial Highlights - Revenue reached $85 million, a 35% increase year over year [9]. - Fee-related revenue was $85 million, reflecting a 37% increase year over year [9]. - Fee-paying assets under management (AUM) totaled $25.7 billion, a 10% increase year over year [9]. - GAAP net income was $5.7 million compared to a loss of $1.9 million in the prior year [9]. - Adjusted EBITDA was $42.9 million, a 40% increase year over year [9]. - Fully diluted GAAP EPS was $0.05 compared to a loss of $0.01 in the prior year [9]. Fiscal Year End 2024 Financial Highlights - Total revenue for the year was $296.4 million, a 23% increase year over year [9]. - Fee-related revenue for the year was $291.3 million, also a 23% increase year over year [9]. - GAAP net income for the year was $19.7 million, compared to a loss of $7.8 million in the prior year [9]. - Adjusted EBITDA for the year was $144.5 million, a 17% increase year over year [9]. - Fully diluted ANI per share was $1.00, a 22% increase year over year [9]. Share Repurchase and Dividend - In Q4 2024, the company repurchased approximately 815,327 shares at an average price of $12.72 per share, totaling $59.1 million for the year [6]. - The Board of Directors declared a quarterly cash dividend of $0.035 per share, payable on March 20, 2025 [7]. Strategic Initiatives - The company executed on strategic priorities in 2024, including optimizing leadership, driving organic growth, and enhancing transparency [5].