Moelis & Company Reports 38% Revenue Growth to $365.4 Million in Q2 2025

Moelis & Company reported significant financial growth in its latest quarterly results, with revenues reaching $365.4 million for the three months ended June 30, 2025, a 38% increase from $264.6 million in the same period last year. For the first half of 2025, the company generated $672.0 million in revenues, up 39% from $482.1 million in the first half of 2024. The increase in revenue was attributed to higher average fees earned per completed transaction, reflecting a strong performance in the advisory services sector.

The company's net income for the second quarter was $46.8 million, compared to $14.9 million in the prior year, marking a 213% increase. For the six months ended June 30, 2025, net income was $100.5 million, up from $32.4 million in the same period of 2024. This growth in profitability was supported by a substantial increase in operating income, which rose to $60.6 million in the second quarter from $20.1 million a year earlier, driven by a 25% increase in total operating expenses, primarily due to higher compensation and benefits expenses.

In terms of operational metrics, Moelis & Company served 136 clients in the second quarter of 2025, down from 163 clients in the same period of 2024. However, the number of clients paying fees of $1 million or more remained stable at 60 clients. The company also reported a decrease in cash and cash equivalents, which fell to $222.5 million as of June 30, 2025, from $413.2 million at the end of 2024, largely due to cash outflows related to dividends and tax distributions.

Strategically, Moelis & Company continues to expand its global footprint, with operations in over 20 locations worldwide. The firm is optimistic about its deal pipeline and the potential for increased M&A activity, supported by a favorable market environment characterized by high levels of capital among financial sponsors. The company has also made investments in its private capital advisory business, aiming to enhance its service offerings and market position.

Looking ahead, Moelis & Company anticipates continued growth, although it acknowledges potential challenges from market conditions and regulatory changes. The firm remains committed to leveraging its advisory expertise to navigate these dynamics and capitalize on emerging opportunities in the investment banking sector. The Board of Directors has declared a quarterly dividend of $0.65 per share, reflecting the company's strong financial position and commitment to returning value to shareholders.