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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues $ 273,755 $ 272,179 $ 755,826 $ 639,870
Expenses        
Compensation and benefits 210,658 242,231 573,006 536,264
Occupancy 7,409 7,181 21,571 19,887
Professional fees 8,445 13,525 20,571 25,378
Communication, technology and information services 12,874 11,709 37,108 33,758
Travel and related expenses 8,781 8,394 29,255 28,575
Depreciation and amortization 2,802 2,014 7,611 6,023
Other expenses 7,222 7,151 25,270 20,988
Total expenses 258,191 292,205 714,392 670,873
Operating income (loss) 15,564 (20,026) 41,434 (31,003)
Other income and (expenses) 11,095 9,943 17,032 6,060
Income (loss) before income taxes 26,659 (10,083) 58,466 (24,943)
Provision (benefit) for income taxes 7,419 1,286 6,820 (3,891)
Net income (loss) 19,240 (11,369) 51,646 (21,052)
Net income (loss) attributable to noncontrolling interests 2,346 (637) 5,025 (2,012)
Net income (loss) attributable to Moelis & Company 16,894 (10,732) 46,621 (19,040)
Class A Common Stock        
Expenses        
Net income (loss) attributable to Moelis & Company $ 16,894 $ (10,732) $ 46,621 $ (19,040)
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 72,325,050 68,752,061 71,612,206 68,260,558
Diluted (in shares) 76,906,271 68,752,061 76,147,357 68,260,558
Net income (loss) per share attributable to holders of shares of Class A common stock        
Basic (in dollars per share) $ 0.23 $ (0.16) $ 0.65 $ (0.28)
Diluted (in dollars per share) $ 0.22 $ (0.16) $ 0.61 $ (0.28)