Third Quarter 2025 Results Earnings Presentation Important Disclosures IMPORTANT NOTICES The inclusion of references to P10, Inc. ("P10" or the "Company") in this presentation is for information purposes only as the holding company of various subsidiaries. P10 does not offer investment advisory services and this presentation is neither an offer of any investment products nor an offer of advisory services by P10. By accepting this presentation, you acknowledge that P10 is not offering investment advisory ser ...

Financial Performance Highlights - P10's Fee-Paying Assets Under Management (FPAUM) reached $263 billion, a 10% increase compared to Q1 2024's $238 billion[11, 17] - Revenue increased by 2% year-over-year, reaching $677 million compared to $661 million in Q1 2024[11] - Fee-Related Revenue (FRR) grew by 4% year-over-year, amounting to $676 million versus $650 million in the same period last year[11] - Adjusted Net Income (ANI) decreased by 8% year-over-year, totaling $235 million compared to $254 million in Q1 2024[11] - Fully Diluted ANI per share decreased by 5% year-over-year, standing at $020 compared to $021 in the previous year[11] FPAUM Growth and Composition - Private Equity Solutions accounted for $150 billion of FPAUM[14] - Venture Capital Solutions held $65 billion in FPAUM[14] - Private Credit Solutions managed $48 billion in FPAUM[14] - The company experienced a record fundraise and deployment of over $14 billion in FPAUM for the first three months of 2025, which is 36% of the annual organic gross fundraising guidance of $4B[16] Capital Allocation and Recent Developments - A quarterly cash dividend of $00375 per share was declared for Class A and Class B stock, representing a 7% increase[19] - 1215106 shares were repurchased in the quarter at a weighted average per share price of $1231, representing nearly $15 million[19] - The company completed the acquisition of Qualitas Funds in April, which had $10 billion in FPAUM and $13 billion in AUM as of March 31, 2025[15, 19]