P10 reports Q1 GAAP EPS 4c vs. 1c last year

Reports Q1 revenue $66.1M, consensus $63.96M.”In the first quarter of 2024, P10 delivered record revenues of $66 million and executed against our strategy to generate long-term growth,” said Luke Sarsfield, P10 Chief Executive Officer. “Our organic growth was underpinned by the $670 million in gross new fee-paying AUM our strategies raised across ten funds. These fundraising levels demonstrate the diversity of demand from our client base. We have advanced the operational initiatives we introduced earlier this year, establishing a strong M&A infrastructure and making key appointments that enhance our management team. We are on track to deliver double-digit annual revenue growth, meet our fundraising targets, and further expand our client franchise to provide unrivaled access to opportunities across the lower and core middle markets.”