Logo

ALTI

AlTi Global, Inc.

ALTI

AlTi Global, Inc. • NASDAQ
$4.04 ▲ 1.00% (+0.04)
Market Cap $572.21 M
52w High $4.85
52w Low $2.33
Dividend Yield 0%
P/E -1.82
Volume 103.27K
Outstanding Shares 97.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $57.238M ▲ $44.285M ▲ $-84.135M ▼ -146.992% ▼ $-0.84 ▼ $-23.878M ▲
Q2-2025 $53.127M ▼ $38.673M ▲ $-24.362M ▼ -45.856% ▼ $-0.33 ▼ $-30.131M ▼
Q1-2025 $57.963M ▲ $29.178M ▼ $1.91M ▲ 3.295% ▲ $-0.04 ▲ $6K ▲
Q4-2024 $53.327M ▼ $43.571M ▲ $-57.751M ▲ -108.296% ▲ $-0.67 ▲ $-76.131M ▲
Q3-2024 $53.343M $28.886M $-68.638M -128.673% $-0.79 $-111.073M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $35.847M ▼ $1.154B ▼ $270.59M ▲ $607.186M ▼
Q2-2025 $42.414M ▼ $1.243B ▲ $252.584M ▲ $685.402M ▲
Q1-2025 $52.841M ▼ $1.213B ▼ $240.105M ▼ $665.154M ▲
Q4-2024 $65.494M ▼ $1.256B ▼ $285.638M ▼ $658.402M ▼
Q3-2024 $222.138M $1.406B $366.598M $707.019M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-84.135M ▼ $0 ▲ $0 ▲ $0 ▼ $-42.414M ▼ $0 ▲
Q2-2025 $-30.043M ▼ $-19.949M ▲ $-6.578M ▼ $14.842M ▲ $-10.427M ▲ $-19.949M ▲
Q1-2025 $-2.882M ▲ $-30.169M ▼ $19.917M ▲ $-2.838M ▲ $-12.654M ▲ $-30.96M ▼
Q4-2024 $-75.686M ▲ $-56K ▲ $-22.218M ▲ $-132.452M ▼ $-156.644M ▼ $-1.997M ▲
Q3-2024 $-111.336M $-4.94M $-29.813M $194.486M $162.154M $-9.438M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Incentive Fees
Incentive Fees
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement AlTi is still in a build‑out phase where scale isn’t fully showing up in profits yet. Revenue has grown a lot from its early days but dipped slightly most recently, and the business has not been consistently profitable. Operating results have swung from roughly breakeven to clear losses in the last two years, with negative earnings per share. This suggests the company is investing heavily in people, platform, and integration, but has not yet reached the level of efficiency and size needed to turn those revenues into steady profits. The key question going forward is whether cost discipline and growth in assets under management can eventually turn these losses into sustainable margins.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly from the pre‑SPAC period, reflecting a much larger, more complex wealth platform. Shareholders’ equity has risen meaningfully, which gives the company a buffer to absorb volatility as it scales. Debt increased as the company grew but has since come down from its peak, which is a healthy sign, though leverage is still something to watch in a cyclical industry like asset management. Cash on hand has improved but remains modest relative to total assets, so ongoing access to funding and tight cost control remain important. Overall, the balance sheet looks stronger than in the early years, but not yet “bulletproof.”

Cash Flow

Cash Flow Cash flow tells a similar story to the income statement: the core business has recently been using cash rather than generating it. Operating cash flow has been negative for the last couple of years, and free cash flow has followed the same pattern, driven mainly by operating losses rather than big capital projects. Capital spending has been quite light, which fits a fee‑based, service‑oriented business. The main risk is that if losses and cash burn persist for too long, the company may need to rely more on external financing or further cost cuts to support its growth plans.

Competitive Edge

Competitive Edge AlTi is positioning itself as a global, high‑end wealth manager focused on ultra‑wealthy families, entrepreneurs, and institutions. Its edge comes less from mass‑market scale and more from specialization: cross‑border expertise, deep knowledge of alternative assets, and a full “family office” offering that goes far beyond simple portfolio management. Long‑lasting client relationships and very high retention rates suggest strong trust and switching costs. The strategic partnership with Allianz and access to private market deals add another layer of differentiation. The flip side is that this niche is crowded with capable competitors, and success depends heavily on maintaining reputation, investment performance, and key personnel over time.

Innovation and R&D

Innovation and R&D Although not a classic tech or R&D‑driven company, AlTi is innovating in how it delivers wealth management. Its platform aims to integrate public markets, private markets, and impact investing into one coherent ecosystem for ultra‑wealthy clients. The firm leans on advanced analytics and a sizable investment team to construct complex portfolios, with a growing emphasis on impact and values‑aligned investing. Strategic collaborations—such as partnerships to access private technology deals or global private debt—act as a form of “outsourced R&D,” expanding its product toolkit without heavy in‑house development. Future innovation will likely center on better digital tools, broader impact offerings, and leveraging data to make its service model more scalable and efficient.

Summary

AlTi is an emerging global wealth and asset manager still in transition from a collection of platforms into a more unified, scalable business. It has carved out a clear strategic focus on ultra‑high‑net‑worth clients, alternative investments, and impact strategies, supported by notable partnerships and a broad geographic footprint. Financially, the company is not yet in a steady‑state: revenues are meaningful but not large, profitability is inconsistent, and cash flow has been negative as it invests in growth and restructuring. The balance sheet has strengthened versus its early years, but continued progress on margins, cash generation, and integration will be important to watch. If management can translate its strong client relationships and differentiated offerings into durable, profitable scale, the story could improve; if not, the current investment and complexity could remain a drag on results. Uncertainty around execution and market conditions should be kept firmly in view.

NEWS

November 12, 2025 · 4:01 PM UTC

AlTi Global, Inc. Reports Third Quarter 2025 Financial Results

Read more

November 10, 2025 · 4:25 PM UTC

AlTi Global Announces Postponement of Q3 2025 Earnings Conference Call

Read more

October 27, 2025 · 4:25 PM UTC

AlTi Global, Inc. to Participate in Wolfe Wealth Symposium

Read more

October 13, 2025 · 4:15 PM UTC

AlTi Global, Inc. to Announce Third Quarter 2025 Financial Results

Read more