P10, Inc.PXEarnings & Financial Report
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
PX Q4 FY2025 Key Financial Metrics
Revenue
$81.0M
Gross Profit
N/A
Operating Profit
$25.9M
Net Profit
$9.5M
Gross Margin
N/A
Operating Margin
31.9%
Net Margin
11.7%
YoY Growth
-4.7%
EPS
$0.08
P10, Inc. Q4 FY2025 Financial Summary
P10, Inc. reported revenue of $81.0M (down 4.7% YoY) for Q4 FY2025, with a net profit of $9.5M (up 79.0% YoY) (11.7% margin).
Key Financial Metrics
| Total Revenue | $81.0M |
|---|---|
| Net Profit | $9.5M |
| Gross Margin | N/A |
| Operating Margin | 31.9% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
P10, Inc. Q4 FY2025 revenue of $81.0M breaks down across 2 segments, led by Management Fees at $78.1M (96.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Management Fees | $78.1M | 96.4% |
| Advisory Fees | $1.8M | 2.3% |
P10, Inc. Revenue by Segment — Quarterly Trend
P10, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Management Fees and Advisory Fees) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Management Fees | $78.1M | $71.8M | $69.8M | $65.2M |
| Advisory Fees | $1.8M | $2.5M | $1.7M | $1.5M |
P10, Inc. Annual Revenue by Year
P10, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $297.3M).
P10, Inc. Quarterly Revenue & Net Profit History
P10, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $81.0M | -4.7% | $9.5M | 11.7% |
| Q3 FY2025 | $75.9M | +2.3% | $2.1M | 2.8% |
| Q2 FY2025 | $72.7M | +2.3% | $3.4M | 4.7% |
| Q1 FY2025 | $67.7M | +2.3% | $4.5M | 6.7% |
| Q4 FY2024 | $85.0M | +34.8% | $5.3M | 6.2% |
| Q3 FY2024 | $74.2M | +26.0% | $1.4M | 1.9% |
| Q2 FY2024 | $71.1M | +13.8% | $7.0M | 9.8% |
| Q1 FY2024 | $66.1M | +15.5% | $5.0M | 7.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.1M | $71.1M | $74.2M | $85.0M | $67.7M | $72.7M | $75.9M | $81.0M |
| YoY Growth | 15.5% | 13.8% | 26.0% | 34.8% | 2.3% | 2.3% | 2.3% | -4.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $832.8M | $823.2M | $857.0M | $869.3M | $877.4M | $932.2M | $936.0M | $928.3M |
| Liabilities | $432.7M | $426.4M | $462.9M | $482.4M | $503.1M | $543.2M | $539.2M | $524.8M |
| Equity | $400.1M | $396.9M | $394.1M | $386.9M | $374.3M | $388.9M | $396.8M | $403.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $11.0M | $34.8M | $27.5M | $101.0M | $-4.7M | $13.4M | $-8.6M | $23.0M |