AlTi Global Inc

For the period ended Sep 30, 2024. Filed Nov 12, 2024.

About 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.

Sep 30, 2024 · Filed Nov 12, 2024

ALTI$2.47+5.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statement of Operations (Unaudited)

Condensed Consolidated Statement of Operations (Unaudited)

	For the Three Months Ended		For the Nine Months Ended
(Dollars in Thousands)	September 30, 2024	September 30, 2023	September 30, 2024	September 30, 2023
Revenue
Management/advisory fees	$49,633	$44,004	$142,886	$137,318
Incentive fees	88	885	304	1,931
Distributions from investments	3,562	2,596	9,972	14,829
Other income/fees	60	701	446	3,440
Total income	53,343	48,186	153,608	157,518
Operating Expenses
Compensation and employee benefits	40,470	40,009	118,920	137,133
Systems, technology and telephone	4,779	3,812	13,902	11,751
Sales, distribution and marketing	757	658	2,724	1,752
Occupancy costs	3,892	3,223	11,394	9,755
Professional fees	11,002	13,340	29,974	51,087
Travel and entertainment	1,178	1,082	3,915	4,334
Depreciation and amortization	4,621	3,676	11,001	11,848
General, administrative and other	2,657	7,455	7,414	11,426
Total operating expenses	69,356	73,255	199,244	239,086
Total operating income (loss)	(16,013)	(25,069)	(45,636)	(81,568)
Other Income (Expenses)
Impairment loss on goodwill and intangible assets	(116,082)	(153,859)	(116,777)	(183,252)
Gain (loss) on investments	5,962	(1,959)	13,658	(3,663)
Gain (loss) on TRA	(2,536)	761	3,786	(1,331)
Gain (loss) on preferred stock tranche liability	1,140	—	1,140	—
Gain (loss) on warrant liabilities	3,904	—	3,973	(12,866)
Gain (loss) on earnout liabilities	4,413	9,335	41,922	46,212
Interest expense	(5,194)	(3,668)	(14,885)	(10,300)
Interest income	2,685	—	3,508	—
Other income (expense)	833	(91)	816	(738)
Income (loss) before taxes	(120,888)	(174,550)	(108,495)	(247,506)
Income tax (expense) benefit	9,483	1,782	9,876	12,578
Net income (loss)	(111,405)	(172,768)	(98,619)	(234,928)
Net loss (income) attributed to non-controlling interests in subsidiaries	(42,767)	(83,097)	(53,336)	(119,257)
Net income (loss) attributable to AlTi Global, Inc.	$(68,638)	$(89,671)	$(45,283)	$(115,671)
Net Income (Loss) Per Share
Basic	$(0.88)	$(1.41)	$(0.84)	$(1.92)
Diluted	$(0.88)	$(1.41)	$(0.84)	$(1.92)
Weighted Average Shares of Class A Common Stock Outstanding
Basic	86,399,551	63,568,646	74,993,835	60,174,678
Diluted	86,399,551	63,568,646	74,993,835	60,174,678

Condensed Consolidated Statement of Comprehensive Income (Loss) (Unaudited)

	For the Three Months Ended		For the Nine Months Ended
(Dollars in Thousands)	September 30, 2024	September 30, 2023	September 30, 2024	September 30, 2023
Net income (loss)	(111,405)	(172,768)	(98,619)	(234,928)
Other Comprehensive Income (Loss)
Foreign currency translation adjustments	(4,222)	(9,981)	(7,151)	7,927
Other comprehensive income (loss)	(63)	72	148	(610)
Total comprehensive income (loss)	(115,690)	(182,677)	(105,622)	(227,611)
Other loss attributed to non-controlling interests in subsidiaries	(43,432)	(87,843)	(55,635)	(115,958)
Comprehensive income (loss) attributable to AlTi Global, Inc.	(72,258)	(94,834)	(49,987)	(111,653)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.