Form 8-K

8-K — Moelis & Co

Accession: 0001193125-26-323758

Filed: 2026-07-29

Period: 2026-07-29

CIK: 0001596967

SIC: 6282 (INVESTMENT ADVICE)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — mc-20260729.htm (Primary)

EX-99.1 (mc-ex99_1.htm)

GRAPHIC (img13622106_0.gif)

GRAPHIC (img34168335_0.gif)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: mc-20260729.htm · Sequence: 1

8-K

false000159696700015969672026-07-292026-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2026

Moelis & Company

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-36418

46-4500216

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

399 Park Avenue

4th Floor

New York, New York

10022

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 212 883-3800

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Class A Common Stock

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 29, 2026, Moelis & Company issued a press release announcing financial results for the second quarter ended June 30, 2026.

A copy of the press release is attached hereto as Exhibit 99.1. All information in the press release is furnished but not filed.

Item 7.01 Regulation FD Disclosure.

On July 29, 2026, Moelis & Company (the “Company”) updated the investor presentation available under “Events and Presentations” on the Investor Relations section of its website. The updated presentation is available using the following link: http://investors.moelis.com/event. The information in this Item 7.01 of this Form 8-K is furnished as of the date hereof, and the Company disclaims any obligation to correct or update this information, its website or the presentation in the future. The contents of the Company’s website are not included or incorporated by reference into this Form 8-K, and any references to such website are intended to be inactive textual references only. All information in this Item 7.01 of this Form 8-K is furnished but not filed.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit Number

Description

99.1

Press release of Moelis & Company dated July 29, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MOELIS & COMPANY

Date:

July 29, 2026

By:

/s/ Christopher Callesano

Name: Christopher Callesano

Title: Chief Financial Officer

EX-99.1

Filename: mc-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Moelis & Company Reports Second Quarter and First Half 2026 Financial Results;

Declares Regular Quarterly Dividend of $0.65 Per Share

•

Record second quarter revenues of $409.4 million, up 12% from the prior year period

•

Record first half revenues of $729.2 million, up 9% from the prior year period

•

GAAP net income of $0.62 per share (diluted) and $1.10 per share (diluted) for the second quarter and first half of 2026, respectively; Adjusted net income of $0.63 per share (diluted) and $1.13 per share (diluted) for the second quarter and first half of 2026, respectively

•

Second quarter 2026 Adjusted pre-tax margin of 18.6% versus 17.6% in the prior year period; first half 2026 Adjusted pre-tax margin of 17.0% versus 16.0% in the prior year period

•

Continued to execute on our growth strategy:

―

Six Managing Directors have joined the Firm year-to-date, focused on Private Credit Secondaries, Securitization, Debt Capital Markets and Private Credit, Energy, Chemicals, and Healthcare IT

―

Six additional Managing Directors are committed to join throughout the year, including three hires in Private Capital Advisory, two in Europe focused on Sponsors and Infrastructure, and one in Capital Structure Advisory

•

Strong balance sheet with cash and short-term investments of $481.1 million and no debt or goodwill

―

Declared quarterly dividend of $0.65 per share

―

Repurchased 0.3 million shares during the second quarter on the open market at an average price of $64.43 per share

―

Including the dividend declared today, we will have returned $246.4 million to shareholders with respect to the first half of 2026

NEW YORK, July 29, 2026 – Moelis & Company (NYSE:MC) today reported financial results for the second quarter ended June 30, 2026. The Firm's second quarter revenues of $409.4 million increased 12% from the prior year period. The Firm reported second quarter GAAP net income of $55.1 million, or $0.62 per share (diluted). On an Adjusted basis, the Firm reported net income of $54.1 million, or $0.63 per share (diluted) for the second quarter of 2026, as compared with net income of $45.5 million, or $0.53 per share (diluted), in the prior year period.

The Firm's first half revenues of $729.2 million increased 9% from the prior year period. The Firm reported GAAP net income of $97.4 million, or $1.10 per share (diluted) for the first half of 2026. On an Adjusted basis, the Firm reported net income of $97.2 million, or $1.13 per share (diluted) in the first half of 2026, as compared with net income of $99.9 million, or $1.17 per share (diluted), in the prior year period. GAAP and Adjusted net income in the first half of 2026 include net tax benefits of approximately $0.11 per share (diluted) related to the settlement of share-based awards, as compared with net tax benefits of approximately $0.28 per share (diluted) in the prior year periods.

"Our record second-quarter and first-half revenues reflect the depth of our client franchise and the continued expansion of our advisory capabilities. We are seeing strong client engagement and momentum in transaction activity, and we are well positioned to deliver exceptional outcomes for our clients while creating long-term value for our shareholders," said Navid Mahmoodzadegan, Chief Executive Officer and Co-Founder.

The Firm’s revenues and net income can fluctuate materially depending on the number, size and timing of completed transactions as well as other factors. Accordingly, financial results in any particular quarter may not be representative of future results over a longer period of time.

Currently 91% of the operating partnership (Moelis & Company Group LP) is owned by the corporate partner (Moelis & Company) and is subject to corporate U.S. federal and state income tax. The remaining 9% is owned by other partners of Moelis & Company Group LP and is primarily subject to U.S. federal tax at the partner level (certain state, local and foreign income taxes are incurred at the company level). The Adjusted results included herein apply certain adjustments from our GAAP results, including the assumption that 100% of the Firm’s operating result was taxed at our corporate effective tax rate. We believe the Adjusted results, when presented together with comparable GAAP results, are useful to investors to compare our performance across periods and to better understand our operating results. A reconciliation between our GAAP results and our Adjusted results is presented in the Appendix to this press release.

GAAP and Adjusted (non-GAAP) Selected Financial Data (Unaudited)

GAAP

Adjusted (non-GAAP)*

Three Months Ended June 30,

($ in thousands except per share data)

2026

2025

Variance

2026

2025

Variance

Revenues

409,387

365,376

409,387

365,376

Income (loss) before income taxes

75,282

64,139

76,306

64,418

Provision (benefit) for income taxes

20,155

17,384

22,230

18,964

Net income (loss)

55,127

46,755

54,076

45,454

Net income (loss) attributable to noncontrolling interests

6,534

5,217

—

N/M

Net income (loss) attributable to Moelis & Company

48,593

41,538

54,076

45,454

Diluted earnings (loss) per share

0.62

0.53

0.63

0.53

N/M = not meaningful

* See Appendix for a reconciliation of GAAP to Adjusted (non-GAAP)

GAAP

Adjusted (non-GAAP)*

Six Months Ended June 30,

($ in thousands except per share data)

2026

2025

Variance

2026

2025

Variance

Revenues

729,167

671,969

729,167

671,969

Income (loss) before income taxes

121,443

107,192

124,213

107,471

Provision (benefit) for income taxes

24,021

6,662

261

27,025

7,578

257

Net income (loss)

97,422

100,530

(3)

97,188

99,893

(3)

Net income (loss) attributable to noncontrolling interests

10,396

8,724

—

N/M

Net income (loss) attributable to Moelis & Company

87,026

91,806

(5)

97,188

99,893

(3)

Diluted earnings (loss) per share

1.10

1.17

(6)

1.13

1.17

(3)

N/M = not meaningful

* See Appendix for a reconciliation of GAAP to Adjusted (non-GAAP)

Revenues

We earned revenues of $409.4 million in the second quarter of 2026, as compared with $365.4 million in the prior year period, representing an increase of 12%. For the first half of 2026, we earned revenues of $729.2 million, as compared with $672.0 million in the prior year period, representing an increase of 9%. The increase in revenues during both current year periods is attributable to an increase in average fees earned per completed transaction.

We continue to execute on our growth strategy. Year-to-date, we have hired 12 Managing Directors, six of whom have joined the Firm across Private Credit Secondaries, Securitization, Debt Capital Markets and Private Credit, Energy, Chemicals, and Healthcare IT. The remaining six are expected to join later this year, including three in Private Capital Advisory, two in Europe focused on Sponsors and Infrastructure, and one in Capital Structure Advisory.

Expenses

The following tables set forth information relating to the Firm’s operating expenses.

GAAP

Adjusted (non-GAAP)*

Three Months Ended June 30,

($ in thousands)

2026

2025

Variance

2026

2025

Variance

Expenses:

Compensation and benefits

269,377

252,110

269,377

252,110

% of revenues

65.8

69.0

65.8

69.0

Non-compensation expenses

67,180

52,637

66,451

52,637

% of revenues

16.4

14.4

16.2

14.4

Total operating expenses

336,557

304,747

335,828

304,747

% of revenues

82.2

83.4

82.0

83.4

* See Appendix for a reconciliation of GAAP to Adjusted (non-GAAP)

GAAP

Adjusted (non-GAAP)*

Six Months Ended June 30,

($ in thousands)

2026

2025

Variance

2026

2025

Variance

Expenses:

Compensation and benefits

479,792

463,659

479,792

463,659

% of revenues

65.8

69.0

65.8

69.0

Non-compensation expenses

136,049

110,769

133,637

110,769

% of revenues

18.7

16.5

18.3

16.5

Total operating expenses

615,841

574,428

613,429

574,428

% of revenues

84.5

85.5

84.1

85.5

* See Appendix for a reconciliation of GAAP to Adjusted (non-GAAP)

Total operating expenses on a GAAP basis were $336.6 million for the second quarter of 2026, as compared with $304.7 million in the prior year period. On an Adjusted basis, operating expenses were $335.8 million for the second quarter of 2026, as compared with $304.7 million in the prior year period. For the first half of 2026, total operating expenses on a GAAP basis were $615.8 million, as compared with $574.4 million in the prior year period. On an Adjusted basis, operating expenses were $613.4 million for the first half of 2026, as compared with $574.4 million in the prior year period. The increase in operating expenses in both current year periods is attributable to increased compensation and benefits and non-compensation expenses, as compared with the prior year periods.

Compensation and benefits expenses on a GAAP and Adjusted basis were $269.4 million for the second quarter of 2026, as compared with GAAP and Adjusted compensation and benefits expenses of $252.1 million in the prior year period. For the first half of 2026, compensation and benefits expenses on a GAAP and Adjusted basis were $479.8 million, as compared with GAAP and Adjusted compensation and benefits expenses of $463.7 million in the

prior year period. The increase in compensation and benefits expenses during both current year periods is primarily attributable to increased headcount, as compared with the prior year period.

Non-compensation expenses on a GAAP basis were $67.2 million for the second quarter of 2026, as compared with $52.6 million in the prior year period. On an Adjusted basis, non-compensation expenses were $66.5 million for the second quarter of 2026, as compared with $52.6 million in the prior year period. For the first half of 2026, non-compensation expenses on a GAAP basis were $136.0 million, as compared with $110.8 million in the prior year period. On an Adjusted basis, non-compensation expenses for the first half of 2026 were $133.6 million, as compared with $110.8 million in the prior year period. The increase in non-compensation expenses during the second quarter and first half of 2026 are primarily attributable to increased deal-related travel and entertainment and client conferences, occupancy and depreciation expenses related to new office space, professional fees associated with our public equity capital markets business, communication and technology expenses driven by AI investment, and other expenses driven by increased business administration costs.

Other Income (Expenses)

GAAP

Adjusted (non-GAAP)*

Three Months Ended June 30,

($ in thousands)

2026

2025

Variance

2026

2025

Variance

Other income (expenses)

2,452

3,510

(30)

2,747

3,789

(28)

* See Appendix for a reconciliation of GAAP to Adjusted (non-GAAP)

GAAP

Adjusted (non-GAAP)*

Six Months Ended June 30,

($ in thousands)

2026

2025

Variance

2026

2025

Variance

Other income (expenses)

8,117

9,651

(16)

8,475

9,930

(15)

* See Appendix for a reconciliation of GAAP to Adjusted (non-GAAP)

Other income (expenses) on a GAAP basis was income of $2.5 million for the second quarter of 2026, as compared with $3.5 million in the prior year period. On an Adjusted basis, other income for the second quarter of 2026 was $2.7 million, as compared with $3.8 million in the prior year period.

For the first half of 2026, other income (expenses) on a GAAP basis was $8.1 million, as compared with $9.7 million in the prior year period. On an Adjusted basis, other income for the first half of 2026 was $8.5 million, as compared with $9.9 million in the prior year period.

Provision for Income Taxes

The corporate partner (Moelis & Company) currently owns 91% of the operating partnership (Moelis & Company Group LP) and is subject to corporate U.S. federal and state income tax on its allocable share of earnings. The remaining 9% of activity is subject to certain state, local and foreign income taxes (including New York City Unincorporated Business Tax), which is accounted for at the partner level through the noncontrolling interests. For Adjusted purposes, we have assumed that 100% of the Firm’s second quarter 2026 operating results were taxed at our corporate effective tax rate of 29.1% resulting in a tax expense of approximately $22.2 million.

Capital Management and Balance Sheet

Moelis & Company continues to maintain a strong financial position, and as of June 30, 2026, we held cash and liquid investments of $481.1 million and had no funded debt on our balance sheet.

The Board of Directors of Moelis & Company declared a regular quarterly dividend of $0.65 per share. The $0.65 per share will be paid on September 17, 2026, to common stockholders of record on August 10, 2026. During the second quarter of 2026, we repurchased 0.3 million shares on the open market at an average price of $64.43 per share.

During the first half of 2026, we repurchased approximately 2.3 million shares through open market repurchases and net share settlements for a total cost of $140.8 million. Including the dividend declared today, we will have returned $246.4 million to shareholders with respect to the first half of 2026.

Earnings Call

We will host a conference call beginning at 5:00pm ET on Wednesday, July 29, 2026, accessible via telephone and the internet. Navid Mahmoodzadegan, Chief Executive Officer and Co-Founder, and Chris Callesano, Chief Financial Officer, will review our second quarter 2026 financial results. Following the review, there will be a question and answer session.

Investors and analysts may participate in the live conference call by dialing +1 (833) 461 5787 and using meeting ID 263 383 779. Please dial in 15 minutes before the conference call begins. The conference call will also be accessible as a listen-only audio webcast through the Investor Relations section of the Moelis & Company website at www.moelis.com.

For those unable to listen to the live broadcast, a replay of the call will be available approximately one hour after the live call ends. The replay can be accessed through the Investor Relations section of the Moelis & Company website at www.moelis.com.

About Moelis & Company

Moelis & Company ("Moelis") is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments, and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis’s experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, secondary transactions and primary fundraising, and other corporate finance matters. The Firm serves its clients from locations across North and South America, Europe, the Middle East, and Asia-Pacific. For further information, please visit: www.moelis.com.

Forward-Looking Statements

This press release contains forward-looking statements, which reflect the Firm’s current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “target,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are based on certain assumptions and estimates and subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under "Risk Factors" discussed in our Annual Report on Form 10-K for the year ended December 31, 2025, subsequent reports filed on Form 10-Q and our other filings with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. In addition, new risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to

differ materially from those contained in any forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results. The Firm undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Non-GAAP Financial Measures

The Company prepares its consolidated financial statements using accounting principles generally accepted in the United States (GAAP). From time to time, the Company may disclose certain “non-GAAP financial measures” in the course of its earnings releases, earnings conference calls, financial presentations and otherwise. The Securities and Exchange Commission defines a “non-GAAP financial measure” as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments that effectively exclude, or include amounts from the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures disclosed by the Company are provided as additional information to analysts, investors and other stakeholders in order to provide them with greater transparency about, or an alternative method for assessing our financial condition, operating results, or capital adequacy. Adjusted results are a non-GAAP financial measure which provide additional information on management’s view of operating results. These measures are not in accordance with, or a substitute for GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. Whenever we refer to a non-GAAP financial measure, we will also generally define it or present the most directly comparable financial measure calculated and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure we reference and such comparable GAAP financial measure.

The Company’s Adjusted revenues may include amounts reflected within other income (expenses) which are considered the equivalent of revenues for compensation. Such adjustments may include gains on founder investments where our employees and the Moelis advisory platform contributed meaningfully to the value creation; or the mark-to-market impact of equity instruments held by the Company that were originally received as payment for our banking services and included in revenues. We believe these adjustments are useful to allow comparability of period-to-period operating performance and compensation levels.

The Company’s Adjusted compensation and benefits expenses may include adjustments reflected within other income (expenses) associated with compensation awards forfeited or returned to the Company by former employees. Management views the credits associated with such forfeitures as an offset to compensation and benefits expenses since the Firm will utilize the forfeited economics to recruit and or retain talent. We believe the netted presentation of forfeiture credits and compensation expenses is useful to allow comparability of period-to-period operating performance.

The Company’s Adjusted non-compensation expenses and other income (expenses) may exclude certain one-time items that reduce the comparability of our operating performance as well as the amounts related to revenues and compensation and benefits expenses discussed above and adjustments to our provision for income taxes discussed below. Such adjustments increase the comparability of our financial performance across reporting periods and versus our peers.

The Company’s Adjusted provision (benefit) for income taxes is adjusted to illustrate the result as if 100% of the Firm’s income is being taxed at our corporate effective tax rates for the periods presented. Adjusted provision (benefit) for income taxes periodically includes the tax impact related to the settlement of share-based awards, the reclassification of TRA liability adjustments, or adjustments to our deferred tax assets and liabilities that occur in connection with new tax legislation. Such adjustments increase the comparability of our financial performance across reporting periods and versus our peers.

The Company’s Adjusted basic and diluted shares of Class A common stock outstanding is presented for each period as if all outstanding Class A partnership units have been exchanged into Class A common stock. The Adjusted presentation helps analysts, investors, and other stakeholders understand the effect of the Firm’s ownership structure on its results, including the impact of all the Firm’s income becoming subject to corporate-level tax.

Contacts

Investor Contact:

Media Contact:

Matt Tsukroff

Melissa Chiles

Moelis & Company

t: + 1 212 883 3800

t: + 1 212 883 3583

m: +1 917 526 2340

press@moelis.com

matthew.tsukroff@moelis.com

Appendix

GAAP Consolidated Statement of Operations (Unaudited)

Reconciliation of GAAP to Adjusted (non-GAAP) Financial Information (Unaudited)

Moelis & Company

GAAP Consolidated Statement of Operations

Unaudited

(dollars in thousands, except for share and per share data)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenues

409,387

365,376

729,167

671,969

Expenses

Compensation and benefits

269,377

252,110

479,792

463,659

Occupancy

10,471

8,726

20,891

16,843

Professional fees

9,569

7,424

16,241

14,338

Communication, technology and information services

14,824

13,870

30,472

27,191

Travel and related expenses

15,681

12,996

34,083

30,465

Depreciation and amortization

4,203

2,760

7,696

5,539

Other expenses

12,432

6,861

26,666

16,393

Total Expenses

336,557

304,747

615,841

574,428

Operating income (loss)

72,830

60,629

113,326

97,541

Other income (expenses)

2,452

3,510

8,117

9,651

Income (loss) before income taxes

75,282

64,139

121,443

107,192

Provision (benefit) for income taxes

20,155

17,384

24,021

6,662

Net income (loss)

55,127

46,755

97,422

100,530

Net income (loss) attributable to noncontrolling interests

6,534

5,217

10,396

8,724

Net income (loss) attributable to Moelis & Company

48,593

41,538

87,026

91,806

Weighted-average shares of Class A common stock outstanding

Basic

75,604,609

75,615,922

75,543,554

74,788,620

Diluted

78,999,667

78,644,806

79,416,689

78,773,981

Net income (loss) attributable to holders of shares of Class A common stock per share

Basic

0.64

0.55

1.15

1.23

Diluted

0.62

0.53

1.10

1.17

A-1

Moelis & Company

Reconciliation of GAAP to Adjusted (non-GAAP) Financial Information

Unaudited

(dollars in thousands, except share and per share data)

Three Months Ended June 30, 2026

Adjusted items

GAAP

Adjustments

Adjusted

(non-GAAP)

Non-compensation expenses

67,180

(729

)

(a)

66,451

Other income (expenses)

2,452

295

(b)

2,747

Income (loss) before income taxes

75,282

1,024

76,306

Provision (benefit) for income taxes

20,155

2,075

(b)(c)

22,230

Net income (loss)

55,127

(1,051

)

54,076

Net income (loss) attributable to noncontrolling interests

6,534

(6,534

)

(d)

—

Net income (loss) attributable to Moelis & Company

48,593

5,483

54,076

Weighted-average shares of Class A common stock outstanding

Basic

75,604,609

7,042,140

(d)

82,646,749

Diluted

78,999,667

7,042,140

(d)

86,041,807

Net income (loss) attributable to holders of shares of Class A common stock per share

Basic

0.64

0.65

Diluted

0.62

0.63

(a)

Reflects an adjustment of $0.7 million related to United Kingdom office expenses incurred during the company's transition to its new space in April 2026.

(b)

Tax Receivable Agreement ("TRA") liability adjustments are made to other income (expenses) for GAAP purposes. Any adjustment related to the TRA liability is reclassified to the provision for income taxes line and such adjustment for the period was expense of $0.3 million.

(c)

An adjustment has been made to illustrate the result as if 100% of the Firm’s income is being taxed at our corporate effective tax rate of 29.1%. Our Adjusted tax provision excludes the costs related to the adjustment to the TRA liabilities originated from past partnership unit exchanges of $0.3 million.

(d)

Assumes all outstanding Class A partnership units have been exchanged into Class A common stock.

A-2

Moelis & Company

Reconciliation of GAAP to Adjusted (non-GAAP) Financial Information

Unaudited

(dollars in thousands, except share and per share data)

Three Months Ended June 30, 2025

Adjusted items

GAAP

Adjustments

Adjusted

(non-GAAP)

Other income (expenses)

3,510

279

(a)

3,789

Income (loss) before income taxes

64,139

279

64,418

Provision (benefit) for income taxes

17,384

1,580

(a)(b)

18,964

Net income (loss)

46,755

(1,301

)

45,454

Net income (loss) attributable to noncontrolling interests

5,217

(5,217

)

(c)

—

Net income (loss) attributable to Moelis & Company

41,538

3,916

45,454

Weighted-average shares of Class A common stock outstanding

Basic

75,615,922

6,533,475

(c)

82,149,397

Diluted

78,644,806

6,533,475

(c)

85,178,281

Net income (loss) attributable to holders of shares of Class A common stock per share

Basic

0.55

Diluted

0.53

(a)

TRA liability related adjustments are made to other income (expenses) for GAAP purposes. Any adjustment related to the TRA liability is reclassified to the provision for income taxes line and such adjustment for the period was an expense of $0.3 million.

(b)

An adjustment has been made to illustrate the result as if 100% of the Firm’s income is being taxed at our corporate effective tax rate for the period stated. Our Adjusted tax provision excludes any benefits or costs related to the adjustment to the TRA liabilities originated from past partnership unit exchanges; such adjustment for this period was a net expense of $0.3 million, which is not included in the corporate tax provision for the period presented.

(c)

Assumes all outstanding Class A partnership units have been exchanged into Class A common stock.

A-3

Moelis & Company

Reconciliation of GAAP to Adjusted (non-GAAP) Financial Information

Unaudited

(dollars in thousands, except share and per share data)

Six Months Ended June 30, 2026

Adjusted items

GAAP

Adjustments

Adjusted

(non-GAAP)

Non-compensation expenses

136,049

(2,412)

(a)

133,637

Other income (expenses)

8,117

358

(b)

8,475

Income (loss) before income taxes

121,443

2,770

124,213

Provision (benefit) for income taxes

24,021

3,004

(b)(c)

27,025

Net income (loss)

97,422

(234)

97,188

Net income (loss) attributable to noncontrolling interests

10,396

(10,396)

(d)

—

Net income (loss) attributable to Moelis & Company

87,026

10,162

97,188

Weighted-average shares of Class A common stock outstanding

Basic

75,543,554

6,889,522

(d)

82,433,076

Diluted

79,416,689

6,889,522

(d)

86,306,211

Net income (loss) attributable to holders of shares of Class A common stock per share

Basic

1.15

1.18

Diluted

1.10

1.13

(a)

Reflects an adjustment of $2.4 million related to United Kingdom office expenses incurred during the company's transition to its new space in April 2026.

(b)

Tax Receivable Agreement liability adjustments are made to other income (expenses) for GAAP purposes. Any adjustment related to the TRA liability is reclassified to the provision for income taxes line and such adjustment for the period was an expense of $0.4 million.

(c)

An adjustment has been made to illustrate the result as if 100% of the Firm’s income is being taxed at our corporate effective tax rate of 21.8%. Our tax provision includes a tax benefit related to the settlement of share-based awards of $9.4 million; excluding such discrete benefit, our effective tax rate for the period presented would have been 29.3%. Our Adjusted tax provision excludes the costs related to the adjustment to the TRA liabilities originated from past partnership unit exchanges of $0.4 million.

(d)

Assumes all outstanding Class A partnership units have been exchanged into Class A common stock.

A-4

Moelis & Company

Reconciliation of GAAP to Adjusted (non-GAAP) Financial Information

Unaudited

(dollars in thousands, except share and per share data)

Six Months Ended June 30, 2025

Adjusted items

GAAP

Adjustments

Adjusted

(non-GAAP)

Other income (expenses)

9,651

279

(a)

9,930

Income (loss) before income taxes

107,192

279

107,471

Provision (benefit) for income taxes

6,662

916

(a)(b)

7,578

Net income (loss)

100,530

(637)

99,893

Net income (loss) attributable to noncontrolling interests

8,724

(8,724)

(c)

—

Net income (loss) attributable to Moelis & Company

91,806

8,087

99,893

Weighted-average shares of Class A common stock outstanding

Basic

74,788,620

6,442,494

(c)

81,231,114

Diluted

78,773,981

6,442,494

(c)

85,216,475

Net income (loss) attributable to holders of shares of Class A common stock per share

Basic

1.23

Diluted

1.17

(a)

(b)

An adjustment has been made to illustrate the result as if 100% of the Firm’s income is being taxed at our corporate effective tax rate for the period stated. Our tax provision includes a tax benefit related to the settlement of share-based awards of $24.1 million; excluding such discrete benefit, our effective tax rate for the period presented would have been 29.5%. Our Adjusted tax provision excludes any benefits or costs related to the adjustment to the TRA liabilities originated from past partnership unit exchanges; such adjustment for this period was a net expense of $0.3 million, which is not included in the corporate tax provision for the period presented.

(c)

Assumes all outstanding Class A partnership units have been exchanged into Class A common stock.

A-5

GRAPHIC

Filename: img13622106_0.gif · Sequence: 3

Binary file (73077 bytes)

Download img13622106_0.gif

GRAPHIC

Filename: img34168335_0.gif · Sequence: 4

Binary file (73077 bytes)

Download img34168335_0.gif

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 7

v3.26.1

Document And Entity Information

Jul. 29, 2026

Cover [Abstract]

Document Type

8-K

Amendment Flag

false

Document Period End Date

Jul. 29, 2026

Entity Registrant Name

Moelis & Company

Entity Central Index Key

0001596967

Entity Emerging Growth Company

false

Entity File Number

001-36418

Entity Incorporation, State or Country Code

Entity Tax Identification Number

46-4500216

Entity Address, Address Line One

399 Park Avenue

Entity Address, Address Line Two

4th Floor

Entity Address, City or Town

New York

Entity Address, State or Province

Entity Address, Postal Zip Code

10022

City Area Code

212

Local Phone Number

883-3800

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Class A Common Stock

Trading Symbol

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration