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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES        
Total revenues $ 71,076 $ 62,472 $ 137,191 $ 119,725
OPERATING EXPENSES        
Compensation and benefits 36,253 36,311 73,362 71,953
Professional fees 3,535 2,992 7,303 6,834
General, administrative and other 7,017 5,037 13,074 9,894
Contingent consideration expense 91 80 121 470
Amortization of intangibles 6,438 7,326 12,875 14,574
Strategic alliance expense 903 402 1,518 805
Total operating expenses 54,237 52,148 108,253 104,530
INCOME FROM OPERATIONS 16,839 10,324 28,938 15,195
OTHER (EXPENSE)/ INCOME        
Interest expense, net (6,115) (5,426) (11,891) (10,598)
Other income/ (loss) 384 (832) 1,062 (719)
Total other (expense) (5,731) (6,258) (10,829) (11,317)
Net income before income taxes 11,108 4,066 18,109 3,878
Income tax (expense) (3,718) (1,964) (5,476) (1,007)
NET INCOME 7,390 2,102 12,633 2,871
Less: net income attributable to noncontrolling interests in P10 Intermediate (397) (339) (619) (503)
NET INCOME ATTRIBUTABLE TO P10 $ 6,993 $ 1,763 $ 12,014 $ 2,368
Earnings per share        
Basic earnings per share $ 0.06 $ 0.02 $ 0.11 $ 0.02
Diluted earnings per share $ 0.06 $ 0.02 $ 0.1 $ 0.02
Weighted average shares outstanding, basic 112,359 116,168 113,744 116,063
Weighted average shares outstanding, diluted 120,098 123,874 121,469 123,918
Management and Advisory Fees        
REVENUES        
Total revenues $ 68,475 $ 61,657 $ 133,597 $ 118,244
Other Revenue        
REVENUES        
Total revenues $ 2,601 $ 815 $ 3,594 $ 1,481