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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Total revenues $ 46,738 $ 33,988 $ 90,019 $ 66,756
OPERATING EXPENSES        
Compensation and benefits 17,815 12,337 36,309 24,273
Professional fees 2,740 3,406 5,352 6,137
General, administrative and other 4,250 2,215 8,362 4,252
Contingent consideration expense (140) 132 (13) 160
Amortization of intangibles 6,153 7,484 12,334 14,968
Strategic alliance expense 153 0 305 0
Total operating expenses 30,971 25,574 62,649 49,790
INCOME FROM OPERATIONS 15,767 8,414 27,370 16,966
OTHER (EXPENSE)/INCOME        
Interest expense implied on notes payable to sellers 0 (219) 0 (434)
Interest expense, net (1,525) (5,245) (2,910) (10,500)
Other income 791 257 1,120 545
Total other (expense) (734) (5,207) (1,790) (10,389)
Net income before income taxes 15,033 3,207 25,580 6,577
Income tax expense (3,879) (734) (6,634) (1,395)
NET INCOME 11,154 2,473 18,946 5,182
Less: preferred dividends attributable to redeemable noncontrolling interest 0 (495) 0 (989)
NET INCOME ATTRIBUTABLE TO P10 $ 11,154 $ 1,978 $ 18,946 $ 4,193
Earnings per share        
Basic earnings per share $ 0.10 $ 0.02 $ 0.16 $ 0.05
Diluted earnings per share 0.09 0.02 0.16 0.05
Dividends paid per share $ 0.03 $ 0 $ 0.03 $ 0
Weighted average shares outstanding, basic 117,193 62,465 117,193 62,465
Weighted average shares outstanding, diluted 120,981 66,742 121,259 66,660
Management and Advisory Fees        
REVENUES        
Total revenues $ 46,451 $ 33,517 $ 89,478 $ 66,090
Other Revenue [Member]        
REVENUES        
Total revenues $ 287 $ 471 $ 541 $ 666