Moelis Q4 2024 Earnings Report
Key Takeaways
Moelis & Company reported strong Q4 2024 results with a 104% increase in revenues to $438.7 million compared to the prior year period. The firm reported a net income of $99.8 million, or $1.15 per share (diluted). On an adjusted basis, net income was $99.0 million, or $1.18 per share (diluted).
Q4 revenues increased by 104% year-over-year, reaching $438.7 million.
GAAP net income was $1.15 per share (diluted) for Q4 2024.
Adjusted net income was $1.18 per share (diluted) for Q4 2024, compared to a loss in the prior year period.
Cash and short-term investments totaled $560.4 million with no debt or goodwill.
Moelis
Moelis
Forward Guidance
The company is encouraged by its momentum heading into 2025 and believes it is well-positioned to continue delivering for clients and shareholders.