Evercore Inc. (Parent Company Only) Financial Statements (Tables)

12 Months Ended

Dec. 31, 2025

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION

(dollars in thousands, except share data)


	December 31,
	2025		2024
ASSETS
Equity Investment in Subsidiary	$	2,400,024	$	1,881,783

Deferred Tax Assets	273,485		239,118
Goodwill	15,236		15,236
Other Assets	7,011		12,450
TOTAL ASSETS	$	2,695,756	$	2,148,587
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Payable to Related Party	$	10,264	$	10,423

Other Current Liabilities	6,113		3,659
Current Portion of Notes Payable	47,981		37,951
Total Current Liabilities	64,358		52,033
Amounts Due Pursuant to Tax Receivable Agreements	59,579		52,968
Long-term Debt - Notes Payable	540,243		335,944
TOTAL LIABILITIES	664,180		440,945
Stockholders' Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 87,572,820 and 84,767,922 issued at December 31, 2025 and 2024, respectively, and 38,522,790 and 38,116,350 outstanding at December 31, 2025 and 2024, respectively)	876		848
Class B, par value $0.01 per share (1,000,000 shares authorized, 45 issued and outstanding at both December 31, 2025 and 2024)	—		—
Additional Paid-In Capital	4,024,496		3,510,356
Accumulated Other Comprehensive Income (Loss)	(13,128)		(36,057)
Retained Earnings	2,581,815		2,133,919
Treasury Stock at Cost (49,050,030 and 46,651,572 shares at December 31, 2025 and 2024, respectively)	(4,562,483)		(3,901,424)
TOTAL STOCKHOLDERS' EQUITY	2,031,576		1,707,642
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	2,695,756	$	2,148,587

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS


	For the Years Ended December 31,
	2025		2024		2023
REVENUES
Other Revenue, Including Interest and Investments	$	22,324	$	16,768	$	16,717
TOTAL REVENUES	22,324		16,768		16,717
Interest Expense	22,324		16,768		16,717
NET REVENUES	—		—		—
EXPENSES
TOTAL EXPENSES	—		—		—
OPERATING INCOME	—		—		—
Equity in Income of Subsidiary	688,083		476,261		315,109
Provision for Income Taxes	96,161		97,982		59,630
NET INCOME	$	591,922	$	378,279	$	255,479

See notes to parent company only financial statements.

EVERCORE INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS


	For the Years Ended December 31,
	2025		2024		2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	591,922	$	378,279	$	255,479
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Undistributed Income of Subsidiary	(688,083)		(476,261)		(315,109)

Deferred Taxes	18,629		22,265		4,332
Accretion on Long-term Debt	587		556		529
(Increase) Decrease in Operating Assets:
Other Assets	5,439		11,660		6,989




Net Cash Provided by (Used in) Operating Activities	(71,506)		(63,501)		(47,780)
CASH FLOWS FROM INVESTING ACTIVITIES

Investment in Subsidiary	15,287		210,760		175,644
Net Cash Provided by Investing Activities	15,287		210,760		175,644
CASH FLOWS FROM FINANCING ACTIVITIES
Payments to Related Party	(11,371)		(11,427)		—



Payment of Notes Payable	(38,000)		—		—
Issuance of Notes Payable	250,000		—		—

Dividends	(144,410)		(135,832)		(127,864)
Net Cash Provided by (Used in) Financing Activities	56,219		(147,259)		(127,864)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	—		—		—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of Year	—		—		—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of Year	$	—	$	—	$	—

SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	$	19,896	$	16,214	$	16,181
Payments for Income Taxes	$	72,092	$	64,121	$	48,850
Accrued Dividends	$	15,537	$	16,159	$	17,054

See notes to parent company only financial statements.