AlTi Global, Inc.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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FY2024 · Filed Mar 17, 2025
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
Item 1a.
Consolidated Statement of Operations
| For the Year Ended | |||
|---|---|---|---|
| (Dollars in Thousands) | December 31, 2024 | December 31, 2023 | December 31, 2022 (Predecessor) |
| Revenue | |||
| Management/advisory fees | $190,455 | $180,861 | $76,872 |
| Incentive fees | 3,256 | 43,377 | — |
| Distributions from investments | 12,304 | 17,185 | — |
| Other income/fees | 920 | 5,494 | — |
| Total income | 206,935 | 246,917 | 76,872 |
| Operating Expenses | |||
| Compensation and employee benefits | 169,889 | 208,255 | 51,234 |
| Systems, technology and telephone | 19,361 | 16,341 | 6,331 |
| Sales, distribution and marketing | 3,496 | 2,217 | 1,170 |
| Occupancy costs | 14,572 | 13,814 | 4,503 |
| Professional fees | 50,308 | 63,091 | 9,400 |
| Travel and entertainment | 5,339 | 5,914 | 1,724 |
| Depreciation and amortization | 14,552 | 17,039 | 2,339 |
| General, administrative and other | 16,267 | 19,495 | 1,489 |
| Total operating expenses | 293,784 | 346,166 | 78,190 |
| Total operating income (loss) | (86,849) | (99,249) | (1,318) |
| Other Income (Expenses) | |||
| Impairment loss on goodwill and intangible assets | (116,769) | (206,777) | — |
| Gain (loss) on investments | (5,355) | (15,483) | (3,671) |
| Gain (loss) on TRA | 3,855 | (233) | — |
| Gain (loss) on preferred stock tranche liability | 600 | — | — |
| Gain (loss) on warrant liabilities | — | (12,866) | — |
| Gain (loss) on earnout liabilities | 30,727 | 31,104 | — |
| Interest expense | (22,146) | (14,501) | (427) |
| Interest income | 5,362 | — | — |
| Other income (expense) | (4,863) | (3,744) | (55) |
| Income (loss) before taxes | (195,438) | (321,749) | (5,471) |
| Income tax (expense) benefit | 21,133 | 10,534 | (527) |
| Net income (loss) | (174,305) | (311,215) | (5,998) |
| Net (loss) income attributed to non-controlling interests in subsidiaries | (71,271) | (145,631) | (113) |
| Net income (loss) attributable to AlTi Global, Inc. | $(103,034) | $(165,584) | $(5,885) |
| Net Income (Loss) Per Share | |||
| Basic | $(1.59) | $(2.70) | $(839.87) |
| Diluted | $(1.59) | $(2.70) | $(839.87) |
| Weighted Average Shares of Class A Common Stock Outstanding | |||
| Basic | 79,692,659 | 61,396,692 | 7,007 |
| Diluted | 79,692,659 | 61,396,692 | 7,007 |
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