Moelis & Co Segments Disclosure
The Company operates a single segment advisory business that offers clients, including corporations, financial sponsors, governments and sovereign wealth funds, a range of products with expertise across all major industries in mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, private fundraising and secondary transactions, and other corporate finance matters.
Prior to October 1, 2025, the Company’s Chief Operating Decision Maker (“CODM”) was Kenneth Moelis, . As of October 1, 2025, Navid Mahmoodzadegan, Co-Founder and former Co-President, succeeded Kenneth Moelis as Chief Executive Officer and became the Company's CODM. The CODM is regularly provided, on a consolidated basis, the advisory segment’s significant expenses, which are the same as those presented in the Company’s consolidated statements of operations. The primary measure of the advisory segment’s profit or loss regularly evaluated by the CODM is consolidated net income or net loss. The advisory segment’s total assets are presented on the Company’s consolidated statements of financial position and the segment’s accounting policies are disclosed in Note 2: Summary of Significant Accounting Policies. Since the financial markets are global in nature, the CODM generally manages the business based on the operating results of the enterprise holistically, not by geographic region or product type. The information reviewed by the CODM is used to make strategic decisions about the Company’s operations, growth strategies, and capital allocation.
Geographic Information
The following table disaggregates the revenues and assets based on the location of the office that generates the revenues or holds the assets, and therefore may not be reflective of the geography in which our clients are located. No client accounted for more than 10% of revenues for the years ended December 31, 2025, 2024 and 2023.
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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Revenues: |
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United States |
|
$ |
1,276,048 |
|
$ |
979,899 |
|
$ |
675,735 |
Europe |
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|
149,165 |
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|
107,273 |
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|
111,786 |
Rest of World |
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91,583 |
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|
107,373 |
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|
67,227 |
Total |
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$ |
1,516,796 |
|
$ |
1,194,545 |
|
$ |
854,748 |
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December 31, |
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December 31, |
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2025 |
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2024 |
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Assets: |
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United States |
$ |
1,433,317 |
|
$ |
1,169,236 |
Europe |
|
149,263 |
|
|
65,380 |
Rest of World |
|
158,105 |
|
|
144,320 |
Total |
$ |
1,740,685 |
|
$ |
1,378,936 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Mar 14, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.