P10 Inc. Class A Common Stock Q3 2025 Earnings Recap

PX Q3 2025 November 7, 2025

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P10 delivered strong third-quarter results, raising $915 million in gross fee-paying assets under management, driving total AUM to $29.1 billion, a year-over-year increase of 17%. The company exceeded its fundraising guidance for 2025, raising its target to nearly $5 billion.

Earnings Per Share Beat

$0.24 vs $0.23 est.

+4.3% surprise

Revenue Miss

75929000 vs 79400000 est.

-4.4% surprise

Market Reaction

1-Day -1.51%

5-Day -6.33%

30-Day -3.5%

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Key Takeaways

Third quarter marked the successful raise and deployment of $915 million in new fee-paying AUM, showcasing robust capital commitments.
Year-to-date fee-related revenue increased by 5%, excluding catch-up fees, reflecting ongoing demand for P10's investment strategies.
Launch of four new funds and strong performance of Secondary Fund V, closing at $1.26 billion, highlights continued growth in P10's commingled fund business.
The company is well-positioned to capture opportunities in the middle and lower-middle markets, driven by secular demand trends.
P10 announced a dual listing on NYSE Texas, enhancing its engagement with the investment community.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit PX on AllInvestView.