PX
Financial ServicesP10, Inc. · Asset Management · $830M
What is P10, Inc.?
P10, Inc. is a Dallas-based multi-asset class private markets solutions provider operating within the alternative asset management industry. The firm connects institutional and other investors with a broad range of private market strategies across the United States.
P10 generates revenue by managing and distributing private market investment strategies on behalf of clients. Its platform spans private equity, venture capital, private credit, and impact investing, offering access through fund-of-funds structures, secondary investments, and direct co-investments. The company also provides tax credit transaction and consulting services, broadening its revenue base beyond traditional fund management fees.
P10 is headquartered in Dallas, Texas, with roots in the alternative investment space dating back to 1992.
- Private equity and venture capital fund-of-funds
- Private credit and impact investing strategies
- Secondary market investment solutions
- Direct and co-investment access
- Tax credit transaction and consulting services
Is PX a Good Stock to Buy?
UQS Score rates PX as Below Average overall, reflecting meaningful challenges across several key quality dimensions.
Among the five pillars, Valuation stands out as Attractive, suggesting the market may not be pricing in a premium for this name relative to its fundamentals. Growth and Risk both register as Neutral, meaning neither accelerating expansion nor acute financial stress is the dominant story at this time.
Both the Quality and Moat pillars are rated Weak, pointing to below-average business durability and limited structural competitive advantages — factors that weigh heavily on the overall score.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does PX pay dividends?
Yes — P10, Inc. pays a dividend.
P10 pays a regular dividend, which is relatively uncommon among smaller alternative asset managers. This reflects the company's intent to return capital to shareholders alongside its growth initiatives. Investors seeking income may find the dividend policy notable, though the sustainability of payouts should be evaluated in the context of the firm's Weak Quality pillar rating.
When does PX report earnings?
P10, Inc. reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's Neutral Growth and Risk pillar ratings suggest a business navigating a measured pace of expansion without acute near-term financial stress. Revenue trends in alternative asset management can be sensitive to fundraising cycles and market sentiment toward private markets.
For the most recent quarter's results and guidance, visit P10's investor relations page directly.
PX Price History
-40.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in P10, Inc.?
Based on P10, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
PX Long-term Outlook
P10's Neutral Growth profile indicates the business is not in a high-velocity expansion phase, but is not contracting either. The Attractive Valuation pillar suggests the current price may leave room relative to fundamentals, though the Weak Quality and Moat ratings temper optimism about durable long-term compounding. The path forward depends heavily on the firm's ability to grow assets under management and strengthen its competitive positioning in a crowded private markets landscape.
Growth drivers
- Expanding institutional demand for private market alternatives
- Broadening product suite across credit, equity, and impact strategies
- Potential for fee income growth as assets under management scale
Key risks
- Weak competitive moat in a fragmented alternative asset management sector
- Fundraising sensitivity to broader market and credit cycle conditions
- Elevated valuation risk if growth expectations are not met over time
PX vs Peers
P10 operates in the broader alternatives and specialty finance space, where it competes or is compared alongside a range of niche investment vehicles.
TYG focuses on energy infrastructure equity rather than broad private market fund management, making its return profile more sector-concentrated.
Financial 15 Split Corp. is a Canadian split-share vehicle targeting large financial sector equities, a structurally different model from P10's private markets platform.
Eagle Point Credit specializes in CLO equity and debt tranches, offering a more concentrated credit-market exposure compared to P10's multi-strategy private markets approach.
Frequently Asked Questions
What does P10, Inc. do?
P10, Inc. is a multi-asset class private markets solutions provider. It manages and distributes strategies across private equity, venture capital, private credit, and impact investing, primarily for institutional investors in the United States. The firm also offers tax credit consulting services.
Does PX pay dividends?
Yes, P10 pays a regular dividend. This is relatively uncommon for a small-cap alternative asset manager. Investors should review the company's investor relations page for the most current dividend details and payout history.
When does PX report earnings?
P10 reports earnings on a quarterly cadence, in line with standard US-listed company practice. For exact reporting dates and the most recent results, check P10's official investor relations page.
Is PX a good stock to buy?
UQS Score rates PX as Below Average, driven by Weak Quality and Moat pillar ratings. The Valuation pillar is Attractive, which may interest value-oriented investors. A full pillar breakdown is available to UQS Pro members for a more complete picture.
Is PX overvalued?
The UQS Valuation pillar for PX is rated Attractive, suggesting the stock is not considered expensive relative to its fundamentals at the time of scoring. However, valuation alone does not determine investment quality — the Weak Quality and Moat ratings are important context.
How does PX compare to its competitors?
P10 differs from peers like Tortoise Energy Infrastructure and Eagle Point Credit in its multi-strategy private markets focus. While those vehicles concentrate on energy infrastructure or CLO credit, P10 offers a broader platform spanning equity, credit, and impact strategies.
What is PX's market cap bracket?
P10, Inc. is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but may also carry higher volatility and lower liquidity compared to large- or mega-cap peers.
Who founded P10, Inc.?
P10's origins trace back to 1992, though the company's current corporate structure and public listing reflect more recent developments. For detailed founding history, P10's investor relations and public filings are the most reliable sources.
Is PX a long-term quality investment?
As a long-term quality indicator, PX's Below Average UQS Score — driven by Weak Quality and Moat ratings — suggests the business has not yet demonstrated the durable competitive advantages typically associated with high-quality long-term compounders. The Neutral Risk rating provides some stability context.
What is the main competitive advantage of P10, Inc.?
P10's breadth across private equity, credit, venture capital, and impact investing gives it a multi-strategy platform that some single-focus managers lack. However, the UQS Moat pillar rates this advantage as Weak, indicating limited structural differentiation versus the broader alternative asset management industry.
What sector does PX belong to?
PX belongs to the Financial Services sector, specifically within the alternative asset management segment. The firm focuses exclusively on private market strategies rather than publicly traded securities management.
Is PX a growth stock or value stock?
Based on UQS pillar labels, PX shows a Neutral Growth profile and an Attractive Valuation rating — a combination that leans more toward value characteristics than high-growth positioning. It does not exhibit the accelerating revenue expansion typically associated with pure growth stocks.
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Pro Analysis
PX — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 52.1 | 50.2 | 28.0 | 50.0 | 57.6 | 92.7 | +5.3 |
| May 2, 2026 | 46.8 | 36.3 | 28.0 | 50.0 | 46.7 | 91.4 | -0.3 |
| Apr 18, 2026 | 47.1 | 37.4 | 28.0 | 50.0 | 46.7 | 92.1 | -1.2 |
| Apr 9, 2026 | 48.3 | 37.4 | 28.0 | 50.0 | 46.7 | 100.0 | -0.1 |
| Apr 4, 2026 | 48.4 | 37.5 | 28.0 | 50.0 | 46.7 | 100.0 | +0.1 |
| Apr 2, 2026 | 48.3 | 37.2 | 28.0 | 50.0 | 46.7 | 100.0 | — |
PX — Pillar Breakdown
Quality
— 50.2/100 (25%)P10, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 50.0/100 (20%)P10, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 57.6/100 (15%)P10, Inc. maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 92.9/100 (15%)P10, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 28/100 (25%)P10, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PX.
Score Composition
Financial Data
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How is the PX UQS Score Calculated?
The UQS (Unified Quality Score) for P10, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses P10, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether P10, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.