Moelis & Company (MC) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and thank you for joining us for Mollis & Company's second quarter 2025 financial results conference call. On the phone today are Ken Mollis, chairman and CEO, Navin Mabudzadegan, co-founder and co-president, and Chris Colasano, chief financial officer. Before we begin, I would like to note that the remarks made on this call may contain certain forward-looking statements, which are subject to various risks and uncertainties, including those identified from time to time in the risk factor section of Mollis & Company's filings with the SEC. Actual results could differ materially from those currently anticipated. The firm undertakes no obligation to update any forward-looking statements. Our comments today include references to certain adjusted financial measures. We believe these measures, when presented together with comparable gap measures, are useful to investors to compare our results across several periods and to better understand our operating results. The reconciliation of these adjusted financial measures with the relevant gap financial information and other information required by Reg G is provided in the firm's earnings release, which can be found on our investor relations website at investors.molis.com. I'll now turn the call over to Chris to discuss our results. Thanks, Matt, and good afternoon, everyone. On today's call, I will go through our financial results. Ken will comment further on the business, and Navid will provide a few remarks before we open the call for Q&A. We reported $365 million of revenues in the second quarter, an increase of 38% versus the prior year period, and our highest second quarter revenues on record. Our first half revenues of $672 million were up 39% from the prior year period. The year-over-year increase in revenues in both th...