Moelis & Co. has recently released its 10-Q report, providing insights into the company's financial performance and operations. Moelis & Company operates as an investment banking advisory firm, offering services in mergers and acquisitions, recapitalizations, capital markets transactions, and other corporate finance matters. The company serves a diverse client base, including public multinational corporations, middle market private companies, financial sponsors, governments, and sovereign wealth funds. Moelis & Company was founded in 2007 and is headquartered in New York, New York.
In the 10-Q report, Moelis & Co. reported a significant increase in revenues for the first six months of 2025 compared to the same period in 2024. The company earned GAAP revenues of $672.0 million for the first six months of 2025, representing a 39% increase from the $482.1 million earned during the same period in 2024. The increase in revenues was primarily driven by an increase in average fees earned per completed transaction as compared to the prior year period.
The report also highlighted the company's operating expenses, with total operating expenses amounting to $304.7 million for the three months ended June 30, 2025, representing 83% of revenues, compared with $244.5 million for the same period in 2024, which represented 92% of revenues. For the six months ended June 30, 2025, operating expenses were $574.4 million, representing 85% of revenues, compared with $456.2 million for the same period in 2024, which represented 95% of revenues.
Additionally, Moelis & Co. provided details on its compensation and benefits expenses, which totaled $252.1 million for the three months ended June 30, 2025, representing 69% of revenues, compared with $197.9 million, which represented 75% of revenues in the prior year period. The increase in compensation and benefits was primarily attributable to increased headcount and a higher discretionary bonus accrual, as a result of higher revenues earned, as compared to the prior year period.
As a result of these announcements, the company's shares have moved 0.09% on the market, and are now trading at a price of $71.04. Check out the company's full 10-Q submission here.
