P10 Reports Third Quarter 2025 Earnings Results

Core Insights - P10, Inc. reported strong financial results for Q3 2025, highlighting a diversified platform and solid fundamentals in the middle and lower middle markets, with an expectation to exceed $5 billion in organic gross fundraising for the year [2][4]. Financial Performance - Revenue for Q3 2025 reached $75.9 million, marking a 2% increase year over year [11]. - Fee-Related Revenue also increased by 4% year over year to $75.9 million [11]. - Fee-Paying Assets Under Management (AUM) grew by 17% year over year, totaling $29.1 billion [11]. - GAAP Net Income was reported at $3.0 million, a significant increase from $1.3 million in the prior year, reflecting a 128% growth [11][17]. - Adjusted Net Income decreased to $28.6 million from $30.8 million in the previous year, representing a 7% decline [11][17]. Shareholder Returns - The Company repurchased 110,032 shares at an average price of $11.34 per share, with approximately $26 million remaining under the share repurchase authorization [5]. - A quarterly cash dividend of $0.0375 per share has been declared, payable on December 19, 2025 [6]. Market Position - As of September 30, 2025, P10 managed over $40 billion in assets, focusing on Private Equity, Private Credit, and Venture Capital in access-constrained strategies [9].