Financial Performance - For the quarter ended March 2025, Hamilton Lane reported revenue of $197.97 million, reflecting a year-over-year increase of 12.1% [1] - The earnings per share (EPS) for the quarter was $1.21, down from $1.38 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $173.56 million by 14.07%, while the EPS surprise was +0.83% compared to the consensus estimate of $1.20 [1] Key Metrics - Fee Earning AUM for Customized Separate Accounts was $39.34 billion, below the estimated $40.75 billion [4] - Total Fee Earning AUM was $72.05 billion, compared to the average estimate of $73.20 billion [4] - Total AUM & AUA stood at $957.77 billion, lower than the average estimate of $981.89 billion [4] Revenue Breakdown - Incentive fees revenue was reported at $70.14 million, significantly higher than the average estimate of $43.72 million, marking a year-over-year increase of 32.4% [4] - Management and advisory fees for Customized Separate Accounts were $32.26 million, slightly below the estimate of $35.02 million, with a year-over-year change of +0.4% [4] - Management and advisory fees overall were $127.84 million, compared to the estimate of $129.54 million, reflecting a +3.3% change year-over-year [4] Stock Performance - Hamilton Lane's shares have returned +13.6% over the past month, outperforming the Zacks S&P 500 composite's +6.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - P10, Inc. reported revenue of $67.67 million for the quarter ended March 2025, reflecting a year-over-year increase of 2.3% but a revenue surprise of -1.65% compared to the Zacks Consensus Estimate of $68.8 million [1] - The company's EPS for the quarter was $0.20, down from $0.21 in the same quarter last year, resulting in an EPS surprise of -4.76% against the consensus estimate of $0.21 [1] - P10's Fee Paying Assets Under Management (FPAUM) reached $26.30 billion, exceeding the average estimate of $26.11 billion from three analysts [4] Financial Performance Metrics - Management and advisory fees amounted to $66.74 million, slightly below the average estimate of $67.36 million, but showing a year-over-year increase of 2.5% [4] - Other revenue was reported at $0.93 million, significantly lower than the average estimate of $1.44 million, indicating a year-over-year decline of 6.1% [4] - Over the past month, P10's shares returned +7.6%, while the Zacks S&P 500 composite saw a +11.3% change [3]