Strong Revenue Growth
Adjusted revenue of $376 million for Q3 2025 and $1.05 billion for the first 9 months, representing increases of 34% and 37% respectively versus prior year periods.
Record Capital Markets Performance
Year-to-date revenues more than doubled compared to the same period last year, indicating a standout performance in Capital Markets.
M&A Activity Surge
Increase in larger strategic M&A and sponsor transactions, supported by a more accommodative regulatory environment.
Expansion of Managing Director Count
Finished the quarter with 170 managing directors, hiring 10 new MDs year-to-date, enhancing expertise in key sectors.
Strong Balance Sheet
Approximately $620 million of cash and liquid investments with no debt.
Private Capital Advisory Growth
Significant early momentum in Private Capital Advisory, expected to become a key growth engine.
Improved Pre-Tax Margin
Adjusted pre-tax margin improved to 22.2% for Q3 and 18.2% for the first 9 months of the year compared to prior year periods.