Moelis & pany-Moelis & Company's Q1 Earnings Beat on Higher Revenues, Stock Up 4.9%

Total operating expenses (GAAP basis) were $269.9 million, which jumped 27.4%. The rise was due to an increase in both compensation and benefits costs and non-compensation expenses. Our estimates for total operating expenses were$ 252.9 million. Other income (GAAP basis) was $6.1 million in the reported quarter, up 45.2%. We had projected the metric to be$ 5.5 million. As of March 31, 2025, the company had cash and liquid investments of $336.3 million, with no debt or goodwill. Moelis & Company (MC) shares ...