AlTi Global Inc
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
ALTI$2.47+5.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statement of Operations (Unaudited)
Condensed Consolidated Statement of Operations (Unaudited)
| For the Three Months Ended | For the Six Months Ended | |||
|---|---|---|---|---|
| (Dollars in Thousands) | June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 |
| Revenue | ||||
| Management/advisory fees | $47,029 | $46,844 | $93,253 | $93,314 |
| Incentive fees | 53 | 469 | 216 | 1,046 |
| Distributions from investments | 2,240 | 2,203 | 6,410 | 12,233 |
| Other income/fees | 131 | 1,769 | 386 | 2,739 |
| Total income | 49,453 | 51,285 | 100,265 | 109,332 |
| Operating Expenses | ||||
| Compensation and employee benefits | 38,893 | 33,952 | 78,450 | 97,124 |
| Systems, technology and telephone | 4,809 | 4,110 | 9,123 | 7,939 |
| Sales, distribution and marketing | 1,202 | 568 | 1,967 | 1,094 |
| Occupancy costs | 4,025 | 3,352 | 7,502 | 6,532 |
| Professional fees | 7,602 | 14,863 | 18,972 | 37,747 |
| Travel and entertainment | 1,326 | 1,306 | 2,737 | 3,252 |
| Depreciation and amortization | 3,813 | 3,655 | 6,380 | 8,172 |
| General, administrative and other | 2,738 | 2,538 | 4,757 | 3,971 |
| Total operating expenses | 64,408 | 64,344 | 129,888 | 165,831 |
| Total operating income (loss) | (14,955) | (13,059) | (29,623) | (56,499) |
| Other Income (Expenses) | ||||
| Impairment loss on intangible assets | (695) | (29,393) | (695) | (29,393) |
| Gain (loss) on investments | 11,357 | (5,154) | 7,696 | (1,704) |
| Gain (loss) on TRA | 389 | (1,792) | 6,322 | (2,092) |
| Gain (loss) on warrant liability | 409 | 76 | 69 | (12,866) |
| Gain (loss) on earnout liability | (1,945) | 66,083 | 37,509 | 36,877 |
| Interest expense | (4,851) | (3,371) | (9,691) | (6,632) |
| Interest income | 563 | — | 823 | — |
| Other income (expense) | 13 | (706) | (17) | (647) |
| Income (loss) before taxes | (9,715) | 12,684 | 12,393 | (72,956) |
| Income tax (expense) benefit | 756 | 15,446 | 393 | 10,796 |
| Net income (loss) | (8,959) | 28,130 | 12,786 | (62,160) |
| Net loss (income) attributed to non-controlling interests in subsidiaries | (2,965) | (14,610) | (10,569) | (36,160) |
| Net income (loss) attributable to AlTi Global, Inc. | $(5,994) | $42,740 | $23,355 | $(26,000) |
| Net Income (Loss) Per Share | ||||
| Basic | $(0.18) | $0.72 | $0.16 | $(0.45) |
| Diluted | $(0.18) | $0.25 | $0.00 | $(0.44) |
| Weighted Average Shares of Class A Common Stock Outstanding | ||||
| Basic | 71,738,190 | 59,286,346 | 69,228,309 | 58,425,916 |
| Diluted | 71,738,190 | 114,319,307 | 119,355,038 | 58,454,342 |
Condensed Consolidated Statement of Comprehensive Income (Loss) (Unaudited)
| For the Three Months Ended | For the Six Months Ended | |||
|---|---|---|---|---|
| (Dollars in Thousands) | June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 |
| Net income (loss) | (8,959) | 28,130 | 12,786 | (62,160) |
| Other Comprehensive Income (Loss) | ||||
| Foreign currency translation adjustments | 1,060 | 8,237 | (2,929) | 17,908 |
| Other comprehensive income (loss) | 299 | (682) | 211 | (682) |
| Total comprehensive income (loss) | (7,600) | 35,685 | 10,068 | (44,934) |
| Other loss attributed to non-controlling interests in subsidiaries | (2,562) | (11,295) | (12,202) | (28,115) |
| Comprehensive income (loss) attributable to AlTi Global, Inc. | (5,038) | 46,980 | 22,270 | (16,819) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.