Lazard Inc. reported net revenue of $748 million and record adjusted net revenue of $725 million for the third quarter ended September 30, 2025, reflecting a 12% increase year-over-year. For the first nine months of 2025, net revenue totaled $2.192 billion and adjusted net revenue was $2.138 billion. Net income for the third quarter was $71 million, with net income for the first nine months at $187 million. Adjusted net income for the third quarter was $62 million, and $178 million for the first nine months. Financial Advisory adjusted net revenue for the first nine months reached $1.3 billion, and Asset Management reported positive net inflows of $1.6 billion for the third quarter, with total assets under management up 17% year-to-date. As of September 30, 2025, cash and cash equivalents were $1.172 billion.