Record Revenue Growth
Moelis & Company reported $365 million in revenues for the second quarter, marking a 38% increase compared to the prior year period and the highest second quarter revenues on record. First-half revenues reached $672 million, up 39% from the previous year.
Strong Balance Sheet
The company maintains a strong balance sheet with $475 million in cash and liquid investments and no debt.
New Hires and Strategic Expansion
During Q2, Moelis & Company hired three leading private capital advisory bankers and a technology-focused MD in Europe, enhancing their capabilities in secondary and primary capital solutions.
CEO Transition and Leadership Strength
Navid Mahmoodzadegan is set to become CEO, with Ken Moelis transitioning to Executive Chairman, highlighting a strong strategic and cultural position of the firm.
Optimistic Market Outlook
Despite earlier disruptions, the company reports a significantly improved transaction environment and strong momentum entering the second half of the year.