Moelis & Co

Listed Company

MCCIK 0001596967NYSELarge AcceleratedInvestment AdviceDelawareFRFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$259.62M

Total Assets

$1.74B

Equity

$568.44M

Shares Out

—

Op. Cash Flow

$576.30M

Business

Moelis & Company is a global independent investment bank that provides strategic and financial advice and transaction execution to corporations, financial sponsors, governments and sovereign wealth funds. It offers advisory services including mergers and acquisitions, divestitures, recapitalizations, restructurings, capital markets transactions, capital structure advisory, private funds advisory, shareholder advisory, and related expert witness and litigation support. The firm organizes around senior-led advisory teams and specialized practices covering M&A, capital markets, restructurings and private funds advisory, integrated across its operating entities. It serves clients from more than 20 offices across North and South America, Europe, the Middle East, Asia and Australia through a cross-border, senior-attention advisory model.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	1,517	1,195	855	985	1,541
Compensation and benefits	1,017	830	715	618	914
Occupancy	35	30	29	24	27
Professional fees	30	27	33	21	22
Communication, technology and information services	57	51	46	39	35
Travel and related expenses	58	40	37	32	15
Depreciation and amortization	12	10	8	8	7
Other expenses	35	33	28	26	24
Total expenses	1,243	1,022	895	769	1,045
Operating income (loss)	274	173	−40	216	496
Other income and (expenses)	54	23	11	220,000	40
Income (loss) before income taxes	327	196	−29	216	536
Provision (benefit) for income taxes	68	45	−2	48	113
Net income (loss)	260	151	−28	169	423
Net income (loss) attributable to noncontrolling interests	27	15	−3	18	58
Net income (loss) attributable to Moelis & Company	233	136	−25	150	365

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	509	412	186	207	520
Restricted cash	770,000	712,000	798,000	745,000	801,000
Accounts receivable, net of allowance for credit losses of $2,125 and $1,666 as of December 31, 2025 and December 31, 2024, respectively	82	51	51	48	42
Accrued and other receivables	29	22	12	9	28
Total receivables	111	74	64	56	70
Deferred compensation	32	18	17	15	11
Investments	369	185	210	265	—
Right-of-use assets	217	180	172	152	164
Equipment and leasehold improvements, net	90	65	64	57	59
Deferred tax assets	371	411	437	430	448
Prepaid expenses and other assets	42	33	28	34	19
Total assets	1,741	1,379	1,180	1,217	1,556
Compensation payable	439	346	260	243	504
Accounts payable, accrued expenses and other liabilities	44	34	33	12	70
Amount due pursuant to tax receivable agreement	301	291	305	302	307
Deferred revenue	9	6	5	8	5
Lease liabilities	267	223	216	193	192
Total liabilities	1,060	900	817	758	1,077
Commitments and Contingencies (See Note 11)	—	—	—	—	—
Treasury stock, at cost; 11,514,247 and 10,380,876 shares at December 31, 2025 and December 31, 2024, respectively	−536	−462	−451	−404	−256
Additional paid-in-capital	1,912	1,731	1,574	1,413	1,280
Retained earnings (accumulated deficit)	−801	−822	−768	−561	−535
Accumulated other comprehensive income (loss)	−7	−7	−4	−5	−560,000
Total Moelis & Company equity	568	442	352	444	489
Noncontrolling interests	112	38	10	14	−11
Total equity	680	479	362	459	478
Total liabilities and equity	1,741	1,379	1,180	1,217	1,556

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Bad debt expense (benefit)	739,000	2	1	3	2
Equity-based compensation	230	161	158	129	168
Deferred tax provision (benefit)	50	35	−4	27	23
Gain on partial sale of equity method investment	−19	−7	0	—	—
Other	−13	−6	−11	9	−36
Accounts receivable	−31	−2	−4	−20	27
Accrued and other receivables	−6	−3	−4	22	−15
Prepaid expenses and other assets	−9	−4	5	−15	−3
Deferred compensation	−14	−1	−2	−4	505,000
Compensation payable	91	87	15	−255	283
Accounts payable, accrued expenses and other liabilities	18	21,000	24	−45	53
Deferred revenue	3	944,000	−3	3	2
Dividends received from equity method investment	2	3	3	3	3
Net cash provided by (used in) operating activities	576	427	158	33	937
Purchases of investments	−525	−169	−211	−335	−486
Proceeds from sales of investments	336	188	276	333	456
Note payments (issued to) employees	−845,000	−7	0	—	—
Note payments received from employees	250,000	0	0	—	—
Proceeds from partial sale of equity method investment	30	17	0	0	—
Purchases of equipment and leasehold improvements	−36	−12	−17	−6	−16
Net cash provided by (used in) investing activities	−196	17	49	−11	−17
Payments for dividends and tax distributions	−209	−184	−182	—	—
Payments for treasury stock purchases	−75	−11	−47	−148	−104
Payments under tax receivable agreement	−314,000	−20	0	−7	−19
Other distributions	−288,000	0	−15,000	2	200,000
Net cash provided by (used in) financing activities	−284	−215	−229	−327	−603
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	−243,000	−4	2	−8	305,000
Net increase (decrease) in cash, cash equivalents, and restricted cash	96	226	−20	−313	318
Income taxes, net	9	3	−4	76	55
Class A Partnership Units or other equity converted into Class A Common Stock	3	2	704,000	7	27
Dividends in kind	21	20	22	21	63
Non-cash settlement of accounts receivable	0	261,000	0	11	19
Forfeiture of fully-vested stock-based awards	6	876,000	889,000	0	25,000

Filings

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