- Moelis & Company (MC, Financial) reported a 41% increase in first-quarter 2025 revenue to $306.6 million.
- GAAP and Adjusted net income per share was $0.64, buoyed by a $0.28 tax benefit.
- The company declared a regular quarterly dividend of $0.65 per share.
Moelis & Company (MC) has announced its financial results for the first quarter ending March 31, 2025, showcasing considerable growth. The firm reported revenues of $306.6 million, marking a 41% increase from the same period last year. The surge in revenue was attributed to growth in M&A and capital markets activities.
The firm recorded a GAAP net income of $53.8 million, or $0.64 per diluted share. Similarly, on an adjusted basis, net income stood at $54.4 million, also yielding $0.64 per diluted share. This performance includes a notable tax benefit of $0.28 per diluted share due to the settlement of share-based awards.
Moelis & Company maintained a strong balance sheet, with cash and short-term investments totaling $336.3 million and no outstanding debt or goodwill. The firm continued its strategic growth by adding new managing directors in Europe, focusing on technology and business services sectors.
Operating expenses rose to $269.7 million on both a GAAP and adjusted basis, driven by increased compensation and benefits as well as non-compensation expenses. These expenses were up by 27% compared to the first quarter of 2024, primarily due to higher fixed compensation related to equity awards and increased travel expenses for client engagements.
Ken Moelis, Chairman and CEO, highlighted the firm's strategic position to navigate volatile markets, emphasizing Moelis & Company's debt-free status and its investments in talent acquisition.
The Board of Directors declared a regular quarterly dividend of $0.65 per share, to be paid on June 20, 2025, to stockholders on record as of May 5, 2025. Investors and analysts will have the opportunity to discuss these results further during a scheduled earnings call on April 23, 2025.
