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Midas Edge

AlTi Global, Inc.

For the period ended Dec 31, 2024. Filed Mar 17, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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.

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Contents

Item 3.

For the Year Ended
(Dollars in Thousands)December 31, 2024December 31, 2023December 31, 2022 (Predecessor)
Cash Flows from Operating Activities
Net income (loss)$(174,305)$(311,215)$(5,998)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization14,55217,0392,339
Amortization of debt discounts and deferred financing costs6,184927—
Unrealized (gain) loss on investments16,48315,61897
Realized (gain) loss on investments(11,128)——
Impairment loss on goodwill and intangible assets116,769206,777—
Fair value (gain) loss on TRA(3,855)233—
Gain (loss) on earn-in——221
(Income) loss on equity method investments1,8983,019(33)
Restricted unit compensation——2,365
Fair value (gain) loss on warrant liability—12,866—
Fair value (gain) loss on earnout liability(30,727)(31,104)—
Fair value gain (loss) on preferred stock tranche liability(600)——
Deferred income tax (benefit) expense(24,055)(12,387)(101)
Equity-settled share-based payments17,45436,749—
Unrealized foreign currency (gains)/losses14587—
(Gain) loss from retirement of debt—(73)—
Forgiveness of debt shareholder loan——619
Forgiveness of debt of notes receivable from members212261263
Fair value of interest rate swap—33(276)
Cash flows due to changes in operating assets and liabilities
(Increase) decrease in fees receivable38,229(31,321)1,336
(Increase) decrease in other assets(20,579)(5,860)(2,993)
Operating cash flow from operating leases5,7367,147618
Increase (decrease) in accounts payable and accrued expenses(1,214)(17,897)2,279
Increase (decrease) in accrued compensation and profit sharing(15,761)36,3452,460
Increase (decrease) in other liabilities14,057(9,202)3,662
Other operating activities(16)(248)—
Net cash provided by (used in) operating activities(50,652)(81,706)6,858
(Continued on the following page)
(Continued from the previous page)For the Year Ended
(Dollars in Thousands)December 31, 2024December 31, 2023December 31, 2022 (Predecessor)
Cash Flows from Investing Activities
Cash acquired from consolidation of variable interest entity——471
Cash payment for acquisition of TWMH and TIG historical equity—(99,999)—
Receipt of payments of notes receivable from members286226428
Loans to members——(301)
Cash receipts from the repayment of advances and loans—601—
Purchases of investments(20,380)(15,687)(224)
Distributions from investments——4
Purchase of TIH shares——(382)
Purchase of Holbein——(8,097)
Cash payment for delayed share purchase agreement(1,818)——
Payment of payout right—(760)—
Acquisition of AWMS, net of cash acquired—(4,383)—
Acquisition of ALWP, net of cash acquired—(14,430)—
Acquisition of EEA, net of cash acquired(69,182)——
Acquisition of PW, net of cash acquired(1,467)——
Acquisition of Envoi(25,258)——
Sales of investments8182,1071,028
Proceeds from sale of FOS16,683——
Proceeds from sale of LXi REIT Advisors32,202——
Sale of fixed assets1448—
Purchases of fixed assets(7,713)(630)(156)
Net cash provided by (used in) investing activities(75,685)(132,947)(7,229)
Cash Flows from Financing Activities
Proceeds from issuance of preferred stock and Allianz & Constellation Warrants300,800——
Proceeds from issuance of common stock94,660——
Proceeds from issuance of preferred stock tranche right liability4,540——
Member contribution (distribution)(6,760)(8,492)(9,835)
Payments on term notes and lines of credit(221,062)(160,453)(2,810)
Borrowings on term notes and lines of credit32,258223,50012,300
Payment of acquisition-related contingent consideration(8,449)——
Payments of debt issuance costs(1,519)(2,586)—
Taxes paid on net settled share-based compensation awards(4,037)——
Tax payments on behalf of Umbrella partners(424)——
Increase (decrease) in distributions due to former TIG members—(14,199)—
Cash payment for purchase of shares to be transferred as part of Alvarium share compensation—(4,215)—
Cash receipts from exercise of Warrants—5,836—
Payment of preferred stock and Allianz & Constellation Warrants issuance costs(10,544)——
Payment of common stock issuance costs(4,236)——
Payment of preferred stock tranche right liability issuance costs(203)——
Cash payment of earn-in liability(754)——
Dividends paid to former owners of AWMS and ALWP(11)(3,372)—
Net cash provided by (used in) financing activities174,25936,019(345)
Effect of exchange rate changes on cash(673)2,793(193)
Net increase (decrease) in cash47,249(175,841)(909)
Cash and cash equivalents at beginning of the period18,245194,0868,040
Cash and cash equivalents at end of the period$65,494$18,245$7,131
(Continued on the following page)
(Continued from the previous page)For the Year Ended
(Dollars in Thousands)December 31, 2024December 31, 2023December 31, 2022 (Predecessor)
Reconciliation of balance sheet cash and cash equivalents to cash flows:
Cash and cash equivalents on balance sheet$65,494$15,348$7,131
Cash and cash equivalents included in Assets held for sale (Note 3)—2,897—
Cash and cash equivalents, including cash in Assets held for sale$65,494$18,245$7,131
Supplemental Disclosure of Cash Flow Information
Cash Paid During the Period for:
Income taxes$1,474$848$606
Interest payments on term notes and lines of credit$16,712$14,079$622
Supplemental disclosure of noncash investing activities:
Non-cash delayed share purchase agreement$—$—$1,818
Supplemental disclosure of noncash financing activities:
Non-cash repayment of notes receivable in lieu of cash member distribution$—$—$202
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.