P10, Inc.

P10, Inc.

PX
P10, Inc.US flagNew York Stock Exchange
7.55
USD
+0.16
- -
829.75MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.38
0.58
2.07
1.7
2.08
2.63
- -
2.69
Basic EPS, GAAP
0.1
0.2
0.13
0.25
-0.06
0.17
- -
0.18
Free Cash Flow per Basic Share
0.14
0.09
0.67
0.52
0.4
0.86
- -
0.16
Dividend per Share
- -
- -
0.03
0.09
0.13
0.14
- -
0.15
Book Value per Share
-2.45
-2.26
-3.51
-1.93
-2.01
-1.9
- -
-1.76
Tangible Book Value per Share
-0.99
-3.87
-2.1
-1.92
-1.76
-1.93
- -
-2.38
Basic Weighted Avg Shares
117
117
73
117
116
113
- -
111
Sales/Revenue/Turnover
45
67
151
198
242
296
297
297
Operating Margin (%)
28.53
12.93
29.21
23.1
9.5
22.02
23.26
23.26
Depreciation Expense
11
16
31
27
30
27
26
26
Net Income, GAAP
12
24
11
29
-7
19
20
20
Effective Tax Rate (%)
- -
- -
- -
17.1
- -
30.66
29.14
29.14
Profit Margin (%)
26.59
35.34
7.15
14.72
-2.95
6.31
6.56
6.56
Working Capital
-97
-266
-48
-31
-19
123
32
32
LT Debt
47
40
140
230
221
344
349
349
Total Equity
36
60
395
434
425
387
403
403
Return on Invested Capital (%)
- -
- -
- -
5.57
- -
6.19
6.39
6.39
Return on Capital (%)
- -
- -
- -
76.87
- -
25.05
16.61
16.61
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
50
70
54
LT Borrowings
323
324
320
LT Finance Leases
30
31
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
110
110
110
Market Capitalization
1,135
1,203
1,085

Working Capital

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
158
166
163
Cash, Cash Equivalents & STI
33
40
28
Accounts Receivable, Net
22
23
27
Inventories
- -
- -
- -
Total Current Liabilities
115
137
131
Payables & Accruals
51
50
60
ST Debt
50
70
54
Deferred Revenue
14
17
18

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
112.69%
4.28%
Free Cash Flow
- -
77.3%
-81.27%
Net Income, GAAP
- -
-73.16%
4.28%
Sales/Revenue/Turnover
- -
40%
0.3%
Total Cash Common Dividend
- -
242.45%
5.48%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
57
62
59
63
242
2024
66
71
74
85
296
2025
68
73
76
81
297

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.01
0.02
-0.07
- -
-0.06
2024
0.04
0.06
0.01
- -
0.17
2025
0.04
0.03
0.02
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.03
0.04
0.03
- -
0.13
2024
0.03
0.04
0.03
- -
0.14
2025
0.03
0.04
0.04
- -
- -

Company Description

APIChat
CEO
Luke A. Sarsfield
Full Time Employees
267
Sector
Financial Services
Industry
Asset Management
Address
4514 Cole Avenue Dallas TX United States of America 75205
IPO Date
Oct 21, 2021
Business
P10, Inc. (NYSE: PX) is a leading multi-asset class private markets solutions provider in the alternative asset management industry, offering investors differentiated access to private equity, venture capital, impact investing, and private credit opportunities focused on the middle and lower-middle markets. The company provides primary fund of funds, secondary investments, direct and co-investments, specialized funds, separate accounts, and tax credit transaction and consulting services through its branded strategies, including private equity under RCP Advisors, Bonaccord Capital, P10 Advisors, and Qualitas Funds; venture capital under TrueBridge; impact investing under Enhanced Capital; and private credit under Five Points Capital, Hark Capital, and Western Technology Investment (WTI). Founded in 1992 and headquartered in Dallas, Texas, P10 operates globally with a presence in North America and Europe, serving over 3,800 investors across 50 states and 60 countries through its diversified platform that leverages proprietary data tools, selective sourcing, and long-tenured management teams. In April 2025, P10 completed the acquisition of Qualitas Equity Funds SGEIC, S.A., a European lower-middle market private equity firm, for an initial $63 million in cash, adding approximately $1 billion in fee-paying assets under management and access to over 1,300 partners among ultra-high-net-worth individuals, family offices, and institutions to support further international expansion and new strategy launches.

Company News

APIChat
  • Pelangio Exploration Reports Interim Drill Results from the Manfo Project, Ghana; Drilling to Transition to Dankran with Further Drilling Planned at Manfo

  • Pelangio Exploration Commissions a Deep-Penetrating CSEM Survey for the Obuasi and Manfo Projects, Ghana

  • Stellus Capital Management to Become Part of Alternative Asset Manager P10

  • P10 Expands into Lower-Middle Market Direct Lending with Acquisition of Stellus Capital Management

  • Bonaccord Capital Partners Named 2025 Middle Market GP Stakes Firm of the Year by GP Stakes News

  • P10 and Bonaccord Capital Partners Team with CAIS to Expand Wealth Channel Access to GP Stakes Solutions

  • Pelangio Refiles Technical Report for Manfo Gold Project

  • P10 Schedules Fourth Quarter and Full Year 2025 Earnings Release for Thursday, February 12, 2026

  • P10 Announces Upcoming Name Change

  • P10 Opens New Office in Dubai, Strengthening Capabilities in the Middle East Region

  • Pelangio Exploration Announces Receipt of $1,395,933 in Proceeds from Warrant Exercise

  • RCP Advisors Recognized by Pensions & Investments' Best Places to Work in Money Management and Crain's 2025 Best Places to Work in Chicago

  • Hark Capital provides $57.5 million NAV facility to Insignia Capital Group

  • P10, Inc. (PX) Q3 2025 Earnings Call Transcript

  • How Much Upside is Left in P10 (PX)? Wall Street Analysts Think 46.5%

  • Compared to Estimates, P10 (PX) Q3 Earnings: A Look at Key Metrics

  • P10, Inc. (PX) Surpasses Q3 Earnings Estimates

  • P10 Reports Third Quarter 2025 Earnings Results

  • Pelangio Exploration (CVE:PX) Shares Up 2.5% – Still a Buy?

  • Pelangio Exploration Completes Final Tranche of Private Placement for Aggregate Gross Proceeds of $4,500,000