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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 184,530 $ 412,467
Restricted cash 846 712
Receivables:    
Accounts receivable, net of allowance for credit losses of $2,006 and $1,666 as of March 31, 2025 and December 31, 2024, respectively 55,466 51,404
Accrued and other receivables 37,874 22,305
Total receivables 93,340 73,709
Deferred compensation 32,890 18,382
Investments 188,398 184,601
Right-of-use assets 176,673 180,370
Equipment and leasehold improvements, net 65,776 65,451
Deferred tax assets 431,362 410,512
Prepaid expenses and other assets 32,601 32,732
Total assets 1,206,416 1,378,936
Liabilities and Equity    
Compensation payable 65,400 346,323
Accounts payable, accrued expenses and other liabilities 47,942 33,597
Amount due pursuant to tax receivable agreement 298,837 290,813
Deferred revenue 8,209 5,585
Lease liabilities 220,075 223,235
Total liabilities 640,463 899,553
Commitments and Contingencies (See Note 11)
Treasury stock, at cost; 10,536,981 and 10,380,876 shares at March 31, 2025 and December 31, 2024, respectively (473,343) (461,701)
Additional paid-in-capital 1,787,693 1,730,838
Retained earnings (accumulated deficit) (825,128) (821,650)
Accumulated other comprehensive income (loss) (5,582) (6,734)
Total Moelis & Company equity 484,530 441,606
Noncontrolling interests 81,423 37,777
Total equity 565,953 479,383
Total liabilities and equity 1,206,416 1,378,936
Class A Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share 847 810
Class B Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share $ 43 $ 43