MC

MKT CAP:$5B

Moelis & Company

Market Cap

$5B

Financial Services·Financial - Capital Markets·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$68.08-$3.14 (-4.41%)

Apr 24, 2026

Company Details

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters....

CEO

Navid Mahmoodzadegan

IPO Date

Apr 16, 2014

Website

www.moelis.com

Key Metrics TTM

Revenue

$1.3B

— YoY

Net Income

$149M

EPS (Diluted)

$1.88

Free Cash Flow

$390M

Revenue / Share

$16.12

Gross Margin

52.9%

Operating Margin

13.3%

Net Margin

11.6%

FCF Margin

30.4%

P/S

4.0x

P/E

34.1x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 26, 2026

$1.5BEPS $2.94

Q4 2025

Feb 26, 2026

$488MEPS $1.10

Q1 2025

Mar 31, 2025

$307MEPS $0.64

Q3 2024

Oct 23, 2024

$274M+0.6%EPS $0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 23	$188M	$40M	-$1M
Q3 23	$272M	$30M	-$20M
Q4 23	$215M	$36M	-$9M
Q3 24	$274M	$63M	$16M
Q1 25	$307M	$95M	$37M
Q4 25	$488M	$485M	$128M

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q3 23	—	—
Q4 23	—	—
Q3 24	5.4x	1221.1x
Q1 25	4.8x	100.2x
Q4 25	4.0x	34.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$152M	-$153M
Q3 23	$140M	$135M
Q4 23	$99M	$94M
Q3 24	$137M	$135M
Q1 25	-$165M	-$169M
Q4 25	$339M	$330M

Capital Expenditures

Quarter	CapEx
Q1 23	$1M
Q3 23	$5M
Q4 23	$5M
Q3 24	$2M
Q1 25	$3M
Q4 25	$9M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	+63.2%	+42.5%
Q4 25	+79.3%	+23.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$60M	31.8%
Q3 23	$32M	11.7%
Q4 23	$33M	15.4%
Q3 24	$37M	13.4%
Q1 25	$86M	28.1%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$22M	—
Q3 23	$32M	—
Q4 23	$28M	—
Q3 24	$29M	—
Q1 25	$28M	—
Q4 25	$10M	$308M

Revenue by Geography

Quarter	Europe	Rest Of World	United States
Q1 23	$17M	$13M	$158M
Q3 23	$19M	$19M	$234M
Q4 23	$50M	$25M	$140M
Q3 24	$20M	$23M	$231M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$130M	$0	$130M
Q2 22	$139M	$0	$139M
Q3 22	$148M	$0	$148M
Q4 22	$207M	$0	$207M
Q1 23	$135M	$0	$135M
Q2 23	$160M	$0	$160M
Q3 23	$147M	$0	$147M
Q4 23	$186M	$0	$186M
Q1 24	$103M	$0	$103M
Q2 24	$150M	$0	$150M
Q3 24	$145M	$0	$145M
Q4 24	$412M	$0	$412M
Q1 25	$185M	$0	$185M
Q2 25	$222M	$0	$222M
Q3 25	$282M	$0	$282M
Q4 25	$509M	$0	$509M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 23	71M	—	—
Q3 23	69M	-3.8%	—
Q4 23	69M	+0.2%	—
Q3 24	77M	+11.7%	—
Q1 25	79M	+2.1%	+9.9%
Q4 25	80M	+1.3%	+15.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 23	$208.0K	903
Q3 23	$301.4K	903
Q4 23	$238.0K	903
Q3 24	$303.2K	903
Q1 25	$339.5K	903
Q4 25	$540.3K	903

Revenue / Employee