| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 322,721 | 222,484 | 157,494 | 260,729 |
| Net losses on investments, investment securities and contingent consideration | -8,573 | 3,829 | 12,530 | 7,723 |
| Equity method investments | -85 | 24 | 277 | -189 |
| Equity-based and other deferred compensation | 195,777 | 167,142 | 178,593 | 329,365 |
| Noncash lease expense | 14,003 | 12,536 | 12,200 | 25,062 |
| Depreciation, amortization and accretion, net | 13,706 | 6,770 | 157 | 3,610 |
| Bad debt expense | -97 | 820 | 1,285 | 3,530 |
| Deferred taxes | 1,054 | -24,306 | 2,549 | 6,671 |
| Investment securities | -5,734 | -8,155 | -5,578 | -10,185 |
| Accounts receivable | -7,100 | 25,113 | 42,077 | 57,397 |
| Receivable from employees and related parties | 11,827 | 272 | 4,544 | 100 |
| Other assets | -48,995 | 79,439 | -5,859 | 57,867 |
| Accrued compensation and benefits | -756,376 | 451,593 | 290,535 | -565,247 |
| Accounts payable and accrued expenses | -7,006 | 5,456 | 2,412 | 6,621 |
| Payables to employees and related parties | 21,632 | 4,433 | -25,383 | 37,003 |
| Taxes payable | -7,917 | 9,209 | 4,520 | -2,568 |
| Other liabilities | -79,912 | 3,240 | -10,360 | -90,637 |
| Net cash provided by (used in) operating activities | -225,863 | 807,467 | 560,913 | -111,916 |
| Investments purchased | NaN | 0 | 0 | 1,000 |
| Proceeds from sale of investments | NaN | 0 | 0 | NaN |
| Distributions of private equity investments | 0 | 617 | 0 | 1,270 |
| Proceeds from sales and maturities of investment securities | 1,440,079 | 1,120,682 | 683,910 | 1,443,298 |
| Purchases of investment securities | 749,409 | 1,230,861 | 1,062,091 | 1,017,910 |
| Maturity of certificates of deposit | 40,578 | 96,169 | 40,359 | 66,422 |
| Purchase of certificates of deposit | 203,618 | 0 | 96,582 | 80,766 |
| Cash acquired for acquisitions, net of cash paid | NaN | 12,160 | NaN | NaN |
| Purchase of furniture, equipment and leasehold improvements | 3,103 | 8,862 | 19,434 | 45,706 |
| Net cash provided by investing activities | 524,527 | -10,095 | -453,838 | 365,608 |
| Issuance of noncontrolling interests | 0 | 0 | 0 | 1,331 |
| Distributions to noncontrolling interests | 11,633 | 8,590 | 8,832 | 13,309 |
| Payments under tax receivable agreement | 667 | 10,774 | 0 | 597 |
| Payment of notes payable | 48,000 | 0 | 38,000 | NaN |
| Issuance of notes payable | NaN | 0 | 250,000 | NaN |
| Debt issuance costs | NaN | 320 | 342 | NaN |
| Purchase of treasury stock and noncontrolling interests | 621,349 | 174,230 | 37,411 | 450,139 |
| Dividends | 49,790 | 32,496 | 32,823 | 79,091 |
| Net cash provided by (used in) financing activities | -731,439 | -226,410 | 132,592 | -541,805 |
| Effect of exchange rate changes on cash | -7,273 | 3,587 | -5,325 | 33,255 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -440,048 | 574,549 | 234,342 | -254,858 |
| Cash, cash equivalents and restricted cash beginning of period | 1,436,140 | 861,591 | 882,107 | NaN |
| Cash, cash equivalents and restricted cash end of period | 996,092 | 1,436,140 | 861,591 | NaN |
Evercore Inc. (EVR)
Evercore Inc. (EVR)