P10 Inc., a leading private markets solutions provider, reported its financial results for the first quarter ending March 31, 2025. The company achieved a record fundraising and deployment of over $1.4 billion in gross new fee-paying assets under management (AUM). Revenue for the quarter increased by 2% year over year, reaching $67.7 million, while fee-related revenue rose by 4% to $67.6 million. The company's fee-paying AUM saw a significant increase of 10% year over year, totaling $26.3 billion. However, GAAP net income decreased to $4.7 million from $5.2 million in the prior year. Adjusted net income also declined, registering $23.5 million compared to $25.4 million in the previous year. The fully diluted GAAP earnings per share $(EPS)$ remained consistent with the prior year at $0.04, while the fully diluted adjusted net income per share was slightly lower at $0.20, compared to $0.21 the previous year. Significant business updates include the completion of the acquisition of Qualitas Funds, which expands P10's global presence. Additionally, the company's board declared a quarterly cash dividend of $0.0375 per share on Class A and Class B common stock, reflecting a 7% increase. The company also repurchased 1,215,106 shares at an average price of $12.31 per share, leaving approximately $28.5 million available under the repurchase authorization.
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