P10, INC. (NYSE: PX) shares are soaring 5.23% in pre-market trading on Thursday following the release of its second-quarter earnings report, which exceeded analyst expectations. The investment management firm demonstrated strong performance across key metrics, including revenue, adjusted earnings per share, and assets under management.

For the second quarter of 2025, P10 reported revenue of $72.7 million, a 2% year-over-year increase that surpassed the consensus estimate of $71.2 million. Adjusted earnings per share came in at $0.23, beating the analyst forecast of $0.20. Notably, the company's fee-paying assets under management (AUM) grew by an impressive 21% year-over-year to $28.9 billion, driven by organic fundraising and strategic acquisitions.

CEO Luke Sarsfield highlighted the company's strategic focus on the middle and lower-middle market as a key driver for long-term growth. "Our structural advantages continue to drive demand for our solutions," Sarsfield stated. The company's successful organic fundraising efforts, which raised and deployed $1.9 billion in organic gross fee-paying assets, along with the acquisition of Qualitas Funds adding $1 billion in fee-paying AUM, underscore P10's growth trajectory and positive outlook in the investment management sector.