Moelis & Co (MC) FY2025 10-K Annual Report

Filed: Feb 26, 2026
Financials
Investment AdviceSEC EDGAR

Moelis & Co (MC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Moelis & Co FY2025 10-K Analysis

Business Overview

  • Core business: global independent investment bank providing strategic financial advisory across M&A, recapitalizations, restructuring, capital markets, serving diverse clients worldwide
  • New emphasis on private capital advisory services delivering customized solutions like continuation funds, secondaries, and fundless-sponsor capital raising
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Management Discussion & Analysis

  • Revenue $1,516.8M in 2025, up 27% YoY from $1,194.5M in 2024, driven by higher average fees per completed transaction
  • Operating margin 18.1% in 2025 vs 14.5% in 2024 (Operating income $273.9M vs $172.9M), driven by revenue growth exceeding expense increase
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Risk Factors

  • Regulatory risk: $10.0 million SEC settlement in 2023 over recordkeeping of business communications on messaging apps
  • Macroeconomic risk: Revenue tied to transaction volumes, threatened by rising interest rates and global economic uncertainties including recession and geopolitical conflicts
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Moelis & Co FY2025 Key Financial Metrics
XBRL

Net Income

$233M

+71.3% YoY

ROE

41.0%

+1019bp YoY

Total Assets

$1.7B

+26.2% YoY

Operating Cash Flow

$576M

+34.8% YoY

Source: XBRL data from Moelis & Co FY2025 10-K filing on SEC EDGAR. All figures in USD.

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