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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues $ 264,586 $ 179,871 $ 482,071 $ 367,691
Expenses        
Compensation and benefits 197,873 145,794 362,348 294,033
Occupancy 7,073 6,872 14,162 12,706
Professional fees 5,961 6,907 12,126 11,853
Communication, technology and information services 11,990 11,215 24,234 22,049
Travel and related expenses 8,511 9,213 20,474 20,181
Depreciation and amortization 2,434 1,936 4,809 4,009
Other expenses 10,676 7,520 18,048 13,837
Total expenses 244,518 189,457 456,201 378,668
Operating income (loss) 20,068 (9,586) 25,870 (10,977)
Other income and (expenses) 1,708 (5,629) 5,937 (3,883)
Income (loss) before income taxes 21,776 (15,215) 31,807 (14,860)
Provision (benefit) for income taxes 6,855 (1,969) (599) (5,177)
Net income (loss) 14,921 (13,246) 32,406 (9,683)
Net income (loss) attributable to noncontrolling interests 1,760 (1,272) 2,679 (1,375)
Net income (loss) attributable to Moelis & Company 13,161 (11,974) 29,727 (8,308)
Class A Common Stock        
Expenses        
Net income (loss) attributable to Moelis & Company $ 13,161 $ (11,974) $ 29,727 $ (8,308)
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 72,148,948 68,504,772 71,239,595 67,852,077
Diluted (in shares) 75,788,525 68,504,772 75,593,865 67,852,077
Net income (loss) per share attributable to holders of shares of Class A common stock        
Basic (in dollars per share) $ 0.18 $ (0.17) $ 0.42 $ (0.12)
Diluted (in dollars per share) $ 0.17 $ (0.17) $ 0.39 $ (0.12)