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P10 Holdings (PX)
NYSE:PX
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -1.86%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant achievements in fundraising, revenue growth, and strategic acquisitions, indicating strong momentum and a positive outlook for 2025. However, challenges regarding margin pressures and the non-recurring nature of recent catch-up fees present areas of concern.Company Guidance
In the fourth quarter of 2024, P10 demonstrated robust financial performance, surpassing its projected targets from early 2024. The company achieved $3.8 billion in gross fundraising, significantly exceeding the $2.5 billion guidance, and realized a 23% increase in revenue, as well as a 17% rise in adjusted EBITDA. Additionally, P10's fee-paying Assets Under Management (AUM) grew by 10%, with revenues from fee-related activities increasing by 14%, excluding direct and secondary catch-up fees. The firm reported a full-year fee-related earnings (FRE) margin of 48.8%. For 2025, P10 anticipates further growth, with expectations of at least $4 billion in gross fundraising and plans to have 19 commingled funds in the market. Furthermore, they project step downs and expirations to account for 5% to 7% of fee-paying AUM, with a core fee rate of 103 basis points, excluding catch-up fees.Record Fundraising and Revenue Growth
P10 exceeded its financial and operating guidance with $3.8 billion in gross fundraising, a 23% increase in revenues, and a 17% rise in adjusted EBITDA for the full year 2024.
Successful Bonaccord Capital Partners Fund II Closing
Bonaccord Capital Partners closed Fund II with a record $1.6 billion, marking the first fund of P10 to attract more than $1 billion in capital.
Strategic Acquisitions and M&A Activity
Announced the acquisition of Qualitas Funds, a leading European private equity fund of funds manager, poised to expand P10's European investor base and product offerings.
Expanding Global LP Base
P10's global LP base grew to over 3,800 relationships, expected to increase to approximately 5,000 with the addition of Qualitas Funds.
Strong Financial Metrics
Fee-related revenue grew by 14%, and full year FRE margins were 48.8%. Adjusted EBITDA margin for the fourth quarter was 50.5%.
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PX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $13.44 | $12.91 | -3.94% |
| Nov 07, 2024 | $11.33 | $11.65 | +2.82% |
| Aug 08, 2024 | $8.73 | $9.24 | +5.84% |
| May 08, 2024 | $7.51 | $8.05 | +7.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does P10 Holdings (PX) report earnings?
P10 Holdings (PX) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is P10 Holdings (PX) earnings time?
P10 Holdings (PX) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PX EPS forecast?
PX EPS forecast for the fiscal quarter 2025 (Q1) is 0.22.
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