P10, Inc. Class A (PX)

In Q3 2025, P10 met EPS expectations but missed revenue targets, leading to a stock price dip, despite a 17% year-over-year increase in fee-paying AUM. The company launched four new funds and closed a secondary fund at $1.26 billion in Q3 2025. P10 announced its expansion into lower-middle market direct lending with the acquisition of Stellus Capital Management on February 5, 2026. Bonaccord Capital Partners was named the 2025 Middle Market GP Stakes Firm of the Year by GP Stakes News in January 2026. The stock's 52-week range has been between $8.68 and $13.75, with a closing price of $10.20 on February 6, 2026, experiencing fluctuations around February 4, 2026.

P10, Inc. experiences demand seasonality within its tax credit business, which tends to drive a higher core fee rate in the second half of the year, leading to potential lumpiness in earnings and margins.

P10, Inc. is a multi-asset class private market solutions provider in the alternative asset management industry, offering private equity, venture capital, impact investing, and private credit solutions under various brands. Founded in 1992 and headquartered in Dallas, Texas, P10 manages over $40 billion in assets as of September 30, 2025.

P10, Inc. operates in the United States and Dubai, with expansion into Europe through the acquisition of Qualitas Funds. Its investor base is global, encompassing over 3,600 investors across 50 states, 60 countries, and six continents, including various institutions.

P10, Inc. has maintained a positive brand reputation, with RCP Advisors recognized by Pensions & Investments and Crain's, and Bonaccord Capital Partners named the 2025 Middle Market GP Stakes Firm of the Year. The company emphasizes building relationships and utilizes a data-driven approach to provide differentiated access to alternative investments.

P10, Inc.'s ownership is distributed among institutional investors (50.97%), insiders (12.39%), and public companies and individual investors (36.64%). Major institutional holders include State Street Corp., Schweizerische Nationalbank, and Danske Bank A/S. Notable individual holders include Mel Williams, Edwin Poston, Souder Family LLC, Charles K Huebner, and Jon Madorsky.