P10 Holdings, Inc. ( (PX) ) has released its Q4 earnings. Here is a breakdown of the information P10 Holdings, Inc. presented to its investors.
P10 Holdings, Inc. is a prominent private markets solutions provider in the alternative asset management industry, known for offering a diverse range of investment solutions to a global clientele. The company recently reported its fourth quarter and full-year 2024 earnings, highlighting a significant increase in its financial performance. In the fourth quarter of 2024, P10 achieved a record revenue of $85 million, marking a 35% increase year over year. The company’s fee-related revenue also rose by 37%, while its fee-paying assets under management grew by 10% to $25.7 billion. Notably, P10’s GAAP net income turned positive, reaching $5.7 million, and its adjusted EBITDA climbed by 40% to $42.9 million. For the full fiscal year 2024, P10 reported a revenue of $296.4 million, a 23% increase from the previous year. The company’s adjusted net income was $120.2 million, reflecting an 18% growth, while the fully diluted ANI per share increased by 22% to $1.00. The company also executed a stock repurchase program, buying back approximately 6.6 million shares throughout the year. Looking ahead, P10’s management remains optimistic about the company’s prospects for 2025, with plans to continue executing its strategic priorities and enhancing its financial performance.