Earnings summaries and quarterly performance for P10.
Executive leadership at P10.
Luke A. Sarsfield III
Chief Executive Officer
Amanda Coussens
Executive Vice President and Chief Financial Officer
Arjay Jensen
Executive Vice President and Head of Strategy and M&A
Mark Hood
Executive Vice President and Chief Administrative Officer
Sarita Jairath
Executive Vice President and Global Head of Client Solutions
Board of directors at P10.
Research analysts who have asked questions during P10 earnings calls.
Christoph Kotowski
Oppenheimer & Co. Inc.
3 questions for PX
Stephanie Ma
Morgan Stanley
3 questions for PX
Alexander Bernstein
JPMorgan Chase & Co.
2 questions for PX
Ben Budish
Barclays PLC
2 questions for PX
Ben Rubin
UBS
2 questions for PX
Kenneth Worthington
JPMorgan Chase & Co.
2 questions for PX
Aidan Hall
KBW
1 question for PX
Benjamin Budish
Barclays PLC
1 question for PX
Michael Cyprys
Morgan Stanley
1 question for PX
Recent press releases and 8-K filings for PX.
- P10, Inc. has entered into a definitive agreement to acquire Stellus Capital Management, LLC, a U.S. direct lender with approximately $3.8 billion in assets under management.
- The initial purchase price for Stellus is $250 million, consisting of $125 million in cash and $125 million in units of P10 Intermediate Holdings exchangeable into P10 common stock.
- An additional up to $60 million in earnout consideration may be payable based on Stellus's fee-related revenue in 2027 and 2029.
- The transaction is expected to close in mid-2026 and is projected to be modestly accretive to ANI per share and FRE margin in the first full year post-close.
- P10, Inc. will rebrand to Ridgepost Capital, Inc. on February 11, 2026, and its stock will begin trading on the New York Stock Exchange under the new ticker symbol "RPC".
- P10, Inc. has entered into a definitive agreement to acquire Stellus Capital Management, LLC, a U.S. direct lender, for an initial purchase price of $250 million.
- The initial consideration consists of $125 million in cash and $125 million in units of P10 Intermediate Holdings, LLC.
- Stellus Capital Management has approximately $3.8 billion in assets under management, including $2.6 billion in fee-paying AUM, and focuses on senior secured loans in the lower-middle market.
- The transaction is expected to close in mid-2026 and is anticipated to be modestly accretive to ANI per share and FRE margin in the first full year post-close.
- P10 will rebrand to Ridgepost Capital, Inc., effective February 11, 2026, and its stock will trade under the new ticker symbol "RPC".
- PX reported Q3 2025 revenue of $75.9 million, a 2% increase year-over-year, with GAAP Net Income rising 128% to $3.0 million and Fully Diluted GAAP EPS increasing 79% to $0.02.
- Fee paying assets under management (FPAUM) grew 17% from the prior year to $29.1 billion as of September 30, 2025.
- The company declared a quarterly cash dividend of $0.0375 per share and repurchased 110,032 shares at a weighted average price of $11.34 during the quarter, representing over $1 million.
- In Q3 2025, PX saw $915 million in fundraising and deployment, offset by $673 million in stepdowns and expirations.
- Key developments included the closing of RCP Advisors Secondary Fund V at a $1.25 billion hard cap and the launch of several new funds.
- P10 ended Q3 2025 with $29.1 billion in fee-paying assets under management (AUM), marking a 17% increase year-over-year.
- The company raised and deployed $915 million in organic gross new fee-paying AUM in Q3 2025, bringing the year-to-date total to $4.3 billion, a 48% increase compared to the same period in 2024. The full-year 2025 organic gross fundraising target was raised to approximately $5 billion.
- For Q3 2025, fee-related revenue (FRR) was $75.9 million, a 4% increase year-over-year, while adjusted net income (ANI) decreased 7% to $28.6 million, with fully diluted ANI per share at $0.24.
- P10 repurchased approximately 110,000 shares for $1.25 million in Q3 2025, with $26 million remaining on its buyback authorization, and approved a quarterly cash dividend of $0.033 per share.
- P10, Inc. reported Q3 2025 revenue of $75.9 million, a 2% increase year-over-year, and Adjusted Net Income of $28.6 million, with Fully Diluted ANI per share of $0.24.
- Fee-Paying Assets Under Management (FPAUM) grew 17% year-over-year to $29.1 billion as of September 30, 2025, driven by $915 million in organic fundraising and deployments during the quarter.
- The company increased its annual guidance for organic gross fundraising, now projecting to close 2025 closer to $5 billion raised.
- P10 declared a quarterly cash dividend of $0.0375 per share and repurchased 110,032 shares at an average price of $11.34 per share in Q3 2025.
- P10 reported Q3 2025 revenue of $75.9 million, a 2% increase year over year, and GAAP Net Income of $3.0 million.
- Fee-Paying Assets Under Management increased 17% year over year to $29.1 billion as of September 30, 2025.
- The company increased its annual guidance for organic gross fundraising, now expecting to close 2025 closer to $5 billion raised, having already exceeded its initial $4 billion guidance.
- In Q3, P10 repurchased 110,032 shares at an average price of $11.34 per share, with approximately $26 million remaining under its share repurchase authorization. A quarterly cash dividend of $0.0375 per share was also declared.
- P10, Inc.'s subsidiary, RCP Advisors, announced the final close of RCP Secondary Opportunity Fund V, LP (RCP SOF V).
- The Fund was oversubscribed, closing on $1.26 billion in capital commitments, exceeding its initial target of $1 billion.
- RCP SOF V will target investments primarily through secondary market purchases in private equity funds focused on leveraged buyout, growth, or restructuring transactions.
Quarterly earnings call transcripts for P10.
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