PX Stock Overview

Operates as a multi-asset class private market solutions provider in the alternative asset management industry in the United States. More details

PX fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	5/6
Past Performance	1/6
Financial Health	4/6
Dividends	2/6

Rewards

Earnings are forecast to grow 32.89% per year

Became profitable this year

Risk Analysis

Has a high level of debt

Large one-off items impacting financial results

Significant insider selling over the past 3 months

P10, Inc. Competitors

General American Investors Company

NYSE:GAM

US$1.2b

WisdomTree

NYSE:WT

US$1.3b

Patria Investments

NasdaqGS:PAX

US$1.8b

Capital Southwest

NasdaqGS:CSWC

US$1.1b

Price History & Performance

Summary of share price highs, lows and changes for P10
Historical stock prices
Current Share Price	US$12.26
52 Week High	US$14.28
52 Week Low	US$7.08
Beta	0.86
1 Month Change	-5.11%
3 Month Change	-4.37%
1 Year Change	54.41%
3 Year Change	0.74%
5 Year Change	n/a
Change since IPO	1.49%

P10 Q4 Earnings: Strong Fund Raising Momentum Expected To Continue (Rating Upgrade)

Feb 19

Recent updates

P10 Q4 Earnings: Strong Fund Raising Momentum Expected To Continue (Rating Upgrade)

Feb 19

Optimistic Investors Push P10, Inc. (NYSE:PX) Shares Up 26% But Growth Is Lacking

Nov 26

P10 Hits Fundraising Target 6 Months Early, Showing Strong Demand (Rating Upgrade)

Aug 21

P10 (NYSE:PX) Has Announced A Dividend Of $0.0325

Aug 14

P10 (NYSE:PX) Will Pay A Larger Dividend Than Last Year At $0.0325

May 19

P10 announces $20M increase to stock buyback program

Dec 27

P10 Grows Revenue But Valuation Drops May Weigh On Stock

Nov 04

Market Participants Recognise P10, Inc.'s (NYSE:PX) Earnings

Nov 04

P10: Stable Profits In A Choppy Market

Oct 19

P10 goes ex-dividend tomorrow

Aug 25

Shareholder Returns

	PX	US Capital Markets	US Market
7D	5.1%	4.4%	2.9%
1Y	54.4%	23.1%	10.5%

Return vs Industry: PX exceeded the US Capital Markets industry which returned 22.3% over the past year.

Return vs Market: PX exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is PX's price volatile compared to industry and market?
PX volatility
PX Average Weekly Movement	4.9%
Capital Markets Industry Average Movement	3.9%
Market Average Movement	6.4%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.2%

Stable Share Price: PX has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PX's weekly volatility (5%) has been stable over the past year.

Community vs My Fair Value

Create Narrative

Select a narrative for quick price alerts from the community, or create your own.

P10

Analyst Price Target

Consensus Narrative from 7 Analysts

Acquisitions And 19 New Funds Will Expand Global Reach And Offerings

Key Takeaways Strategic acquisitions and fund diversity are expected to drive revenue growth through increased assets under management and expanded geographic reach. Investments in personnel and a disciplined M&A strategy aim to enhance operational efficiencies and expand margins over time through scale and synergies.

View narrative

US$15.57

21.3% undervalued

10.03%

Revenue growth p.a.

6 days ago

View P10 Community

About the Company

Founded	Employees	CEO	Website
1992	267	Luke Sarsfield	www.p10alts.com

P10, Inc. operates as a multi-asset class private market solutions provider in the alternative asset management industry in the United States. The company’s portfolio of private solutions includes private equity, venture capital, impact investing, and private credit, as well as primary fund of funds, secondary investment, and direct and co-investments services. It markets its private equity solutions under the RCP Advisors, Bonaccord Capital, and P10 Advisors brands; venture capital solution under the TrueBridge brand; impact investing solution under the Enhanced brand; and private credit solutions under the Five Points, Hark Capital, and WTI brands.

P10, Inc. Fundamentals Summary

How do P10's earnings and revenue compare to its market cap?
PX fundamental statistics
Market cap	US$1.37b
Earnings (TTM)	US$18.70m
Revenue (TTM)	US$296.45m

72.9x

P/E Ratio

4.6x

P/S Ratio

Is PX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PX income statement (TTM)
Revenue	US$296.45m
Cost of Revenue	US$133.03m
Gross Profit	US$163.42m
Other Expenses	US$144.72m
Earnings	US$18.70m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.17
Gross Margin	55.12%
Net Profit Margin	6.31%
Debt/Equity Ratio	82.7%

How did PX perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

83%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/25 23:41
End of Day Share Price	2025/03/25 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

P10, Inc. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Carter Driscoll	Ascendiant Capital Markets LLC
Benjamin Budish	Barclays
Carter Driscoll	Capstone Investments

PX Stock Overview

Rewards

Risk Analysis

P10, Inc. Competitors

NYSE:GAM

US$1.2b

NYSE:WT

US$1.3b

NasdaqGS:PAX

US$1.8b

NasdaqGS:CSWC

US$1.1b

Price History & Performance

Recent News & Updates

Independent Director notifies of intention to sell stock

New minor risk - Earnings quality

Director notifies of intention to sell stock

P10 Q4 Earnings: Strong Fund Raising Momentum Expected To Continue (Rating Upgrade)

Consensus EPS estimates fall by 15%

Fourth quarter dividend of US$0.035 announced

Recent updates

Independent Director notifies of intention to sell stock

New minor risk - Earnings quality

Director notifies of intention to sell stock

P10 Q4 Earnings: Strong Fund Raising Momentum Expected To Continue (Rating Upgrade)

Consensus EPS estimates fall by 15%

Fourth quarter dividend of US$0.035 announced

P10, Inc. Declares a Quarterly Cash Dividend on Class A and Class B Common Stock, Payable on March 20, 2025

Full year 2024 earnings: EPS and revenues exceed analyst expectations

P10, Inc. to Report Q4, 2024 Results on Feb 12, 2025

P10, Inc. Announces Executive Changes

Independent Director exercised options and sold US$707k worth of stock

P10, Inc. Names Mike Goodwin as Chief Information Officer

Director exercised options and sold US$288k worth of stock

Optimistic Investors Push P10, Inc. (NYSE:PX) Shares Up 26% But Growth Is Lacking

Upcoming dividend of US$0.035 per share

Insider recently sold US$4.7m worth of stock

Director notifies of intention to sell stock

Insider recently sold US$2.5m worth of stock

Consensus EPS estimates fall by 21%, revenue upgraded

Price target increased by 9.9% to US$13.50

Third quarter dividend of US$0.035 announced

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

P10, Inc. Declares A Quarterly Cash Dividend on Class A and Class B Common Stock, Payable on December 20, 2024

Chairman of the Board exercised options and sold US$1.3m worth of stock

P10, Inc. to Report Q3, 2024 Results on Nov 07, 2024

Price target increased by 7.8% to US$11.86

P10: Improved Outlook For Growth With Lower Margins

Price target increased by 7.7% to US$10.93

P10 (NYSE:PX) Is Due To Pay A Dividend Of $0.035

Second quarter dividend of US$0.035 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

P10 Names Sarita Narson Jairath as EVP and Global Head of Client Solutions

P10, Inc. to Report Q2, 2024 Results on Aug 08, 2024

Independent Director recently bought US$164k worth of stock

Upcoming dividend of US$0.035 per share

P10, Inc.: An Assessment On An Alternative Investment Management Company

P10's (NYSE:PX) Shareholders Will Receive A Bigger Dividend Than Last Year

First quarter dividend of US$0.035 announced

P10, Inc. Declares Quarterly Cash Dividend on Class A and Class B Common Stock, Payable on June 20, 2024

First quarter 2024 earnings released: EPS: US$0.044 (vs US$0.005 in 1Q 2023)

P10, Inc. Appoints Melodie Craft as Its General Counsel

High number of new directors

Alluvial Capital - P10, Inc.: Not On My 'Best Risk-Adjusted Ideas' List

P10, Inc., Annual General Meeting, Jun 14, 2024

P10, Inc. to Report Q1, 2024 Results on May 08, 2024

P10, Inc. (NYSE:PX) Not Lagging Industry On Growth Or Pricing

Insider recently sold US$602k worth of stock

Insider recently sold US$891k worth of stock

Fourth quarter dividend of US$0.033 announced

Full year 2023 earnings: EPS misses analyst expectations

Price target decreased by 13% to US$12.36

P10, Inc. Declares Quarterly Cash Dividend, Payable on March 26, 2024

P10, Inc. Announces Chief Operating Officer William Souder to Retire, Effective May 2024

P10, Inc. to Report Q4, 2023 Results on Feb 29, 2024

P10: I Expect Shares To Double Over The Next 3 Years

Head of Originations & Distribution recently sold US$303k worth of stock

Upcoming dividend of US$0.033 per share at 1.4% yield

P10 May Benefit From Easing Rates And Wider Distribution

P10 (NYSE:PX) Will Pay A Dividend Of $0.0325