Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 46

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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347,558 Total Assets$4,633,920 $4,793,993 

See notes to condensed consolidated financial statements.2

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

SEPTEMBER 30, 2025 AND DECEMBER 31, 2024

(UNAUDITED)

(dollars in thousands, except for per share data)

September 30,2025December 31,2024LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND    STOCKHOLDERS’ EQUITYLiabilities:Deposits and other customer payables$346,899 $308,213 Accrued compensation and benefits505,860 844,953 Operating lease liabilities510,761 505,483 Tax receivable agreement obligation55,680 75,899 Senior debt1,687,281 1,687,052 Deferred tax liabilities959 1,084 Other liabilities569,336 606,526 Total Liabilities3,676,776 4,029,210 Commitments and contingenciesRedeemable noncontrolling interests78,518 79,629 STOCKHOLDERS’ EQUITYPreferred stock, par value $0.01 per share; 15,000,000 shares authorized; no shares    issued and outstanding at September 30, 2025 and December 31, 2024– – Common stock:Par value $0.01 per share (500,000,000 shares authorized; 112,746,606 and 112,766,091 shares issued at September 30, 2025 and December 31, 2024, respectively, including shares held by subsidiaries)1,127 1,128 Additional paid-in-capital293,012 327,810 Retained earnings1,493,261 1,472,113 Accumulated other comprehensive loss, net of tax(272,950)(326,742)1,514,450 1,474,309 Common stock held by subsidiaries, at cost (17,868,792 and 22,467,315    shares at September 30, 2025 and December 31, 2024, respectively)(672,928)(838,069)Total Lazard Stockholders’ Equity841,522 636,240 Noncontrolling interests37