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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues $ 272,179 $ 233,506 $ 639,870 $ 778,114
Expenses        
Compensation and benefits 242,231 160,437 536,264 477,166
Occupancy 7,181 6,022 19,887 18,099
Professional fees 13,525 6,048 25,378 15,933
Communication, technology and information services 11,709 9,971 33,758 28,858
Travel and related expenses 8,394 7,389 28,575 24,398
Depreciation and amortization 2,014 1,918 6,023 5,798
Other expenses 7,151 6,672 20,988 21,187
Total expenses 292,205 198,457 670,873 591,439
Operating income (loss) (20,026) 35,049 (31,003) 186,675
Other income and (expenses) 9,943 2,625 6,060 (2,656)
Income (loss) before income taxes (10,083) 37,674 (24,943) 184,019
Provision (benefit) for income taxes 1,286 9,115 (3,891) 38,009
Net income (loss) (11,369) 28,559 (21,052) 146,010
Net income (loss) attributable to noncontrolling interests (637) 2,947 (2,012) 15,720
Net income (loss) attributable to Moelis & Company (10,732) 25,612 (19,040) 130,290
Class A Common Stock        
Expenses        
Net income (loss) attributable to Moelis & Company $ (10,732) $ 25,612 $ (19,040) $ 130,290
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 68,752,061 65,873,976 68,260,558 65,684,485
Diluted (in shares) 68,752,061 69,829,338 68,260,558 70,183,414
Net income (loss) per share attributable to holders of shares of Class A common stock        
Basic (in dollars per share) $ (0.16) $ 0.39 $ (0.28) $ 1.98
Diluted (in dollars per share) $ (0.16) $ 0.37 $ (0.28) $ 1.86