P10 Inc. reported its fourth quarter (Q4) and full year (FY) 2025 earnings. For the fourth quarter ended December 31, 2025, revenue was USD 81.05 million, down 5%. Operating expenses for the quarter totaled USD 55.20 million, an 11% decrease. Net income for the quarter reached USD 11.00 million, up 94 times. For the full year 2025, revenue was USD 297.35 million, remaining stable compared to the previous year. Operating expenses for the year were USD 231.80 million, down 2%. Net income for the full year was USD 23.00 million, representing a 17% increase. Fee-earning assets under management (FPAUM) stood at USD 29.40 billion at year-end 2025, a 15% increase. Fee-related earnings for the full year were USD 141.10 million, broadly stable. Key business highlights included a 15% increase in FPAUM and effective cost management, reflected in lower operating expenses both for the quarter and the full year. The company also noted increased professional and general administrative expenses, as well as a notable rise in non-cash stock-based compensation associated with acquisitions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. P10 Inc. published the original content used to generate this news brief on February 12, 2026, and is solely responsible for the information contained therein.