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Sep 30, 2024
P10 Q3 2024 Earnings Report
Generated record quarterly revenue and made demonstrable progress on strategic growth plan.
Key Takeaways
P10, Inc. reported record quarterly revenue of $74.2 million, a 26% increase year over year. The company's investment strategies achieved a record $1.4 billion in gross new fee-paying AUM. They also announced their first strategic acquisition in over two years with Qualitas Funds.
Revenue was $74.2 million, a 26% increase year over year.
Fee-Related Revenue was $72.9 million, a 26% increase year over year.
Fee-Paying Assets Under Management were $24.9 billion, a 10% increase year over year.
GAAP Net Income was $1.3 million, compared to $(8.8) million in the prior year.
Revenue by Segment
Forward Guidance
P10 entered into an agreement to acquire Qualitas Funds for an initial purchase price of $63 million with the potential for additional earnout consideration. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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