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Mar 31

Moelis Q1 2025 Earnings Report

Moelis & Company reported strong Q1 2025 results with a significant increase in revenue and earnings driven by M&A and capital markets activity.

Key Takeaways

Moelis & Company delivered robust first-quarter performance, posting 41% revenue growth and a strong net income, underpinned by a tax benefit and strategic hiring.

Revenue rose 41% YoY to $306,593,000, driven by M&A and capital markets activity.

Net income reached $53,775,000, boosted by a $0.28/share tax benefit.

EPS and adjusted EPS both came in at $0.64 per share.

Maintained a debt-free balance sheet with $336,300,000 in cash and short-term investments.

Total Revenue
$307M
Previous year: $217M
+41.0%
EPS
$0.64
Previous year: $0.22
+190.9%
Comp & benefits ratio
69%
Previous year: 75.6%
-8.7%
Non-comp expense ratio
19%
Previous year: 21.7%
-12.4%
Cash and Equivalents
$336M
Previous year: $125M
+169.3%

Moelis

Moelis

Forward Guidance

Moelis remains optimistic about long-term growth prospects, backed by strategic talent investment and a strong balance sheet, despite market volatility.

Positive Outlook

  • Debt-free balance sheet supports strategic flexibility.
  • Significant cash reserves of over $336 million.
  • Ongoing strategic hiring in Technology and Business Services in Europe.
  • Continued execution on organic growth strategy.
  • Solid adjusted pre-tax margin of 14.0%.

Challenges Ahead

  • Results may fluctuate based on transaction timing and size.
  • Increased compensation costs due to seasonality and higher bonus accruals.
  • Higher non-compensation expenses from travel and client engagement.
  • Operating margin remains under pressure despite revenue growth.
  • Tax benefits in Q1 may not recur in future quarters.