v3.26.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 207,740 $ 508,595
Restricted cash 877 770
Receivables:    
Accounts receivable, net of allowance for credit losses of $3,923 and $2,125 as of June 30, 2026 and December 31, 2025, respectively 66,910 82,188
Accrued and other receivables 45,010 28,738
Total receivables 111,920 110,926
Deferred compensation 64,035 32,029
Investments 301,484 369,072
Right-of-use assets 211,343 216,865
Equipment and leasehold improvements, net 108,313 89,787
Deferred tax assets 346,768 370,685
Prepaid expenses and other assets 55,677 41,956
Total assets 1,408,157 1,740,685
Liabilities and Equity    
Compensation payable 189,401 439,394
Accounts payable, accrued expenses and other liabilities 31,252 43,630
Amount due pursuant to tax receivable agreement 269,639 301,053
Deferred revenue 13,550 9,076
Lease liabilities 262,753 267,155
Total liabilities 766,595 1,060,308
Commitments and Contingencies (See Note 11)
Treasury stock, at cost; 13,788,651 and 11,514,247 shares at June 30, 2026 and December 31, 2025, respectively (677,063) (536,292)
Additional paid-in-capital 2,011,637 1,912,193
Retained earnings (accumulated deficit) (822,414) (801,234)
Accumulated other comprehensive income (loss) (7,276) (7,119)
Total Moelis & Company equity 505,805 568,439
Noncontrolling interests 135,757 111,938
Total equity 641,562 680,377
Total liabilities and equity 1,408,157 1,740,685
Class A Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share 879 849
Class B Common Stock    
Liabilities and Equity    
Common stock, par value $0.01 per share $ 42 $ 42