AlTi Global, Inc.
For the period ended Mar 31, 2025. Filed May 12, 2025.
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.
Mar 31, 2025 · Filed May 12, 2025
ALTI$2.34-1.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows (Unaudited)
Condensed Consolidated Statement of Cash Flows (Unaudited)
| For the Three Months Ended | ||
|---|---|---|
| (Dollars in Thousands) | March 31, 2025 | March 31, 2024 |
| Cash Flows from Operating Activities | ||
| Net income (loss) | $(2,882) | $22,085 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 4,349 | 2,567 |
| Amortization of debt discounts and deferred financing costs | — | 330 |
| Unrealized (gain) loss on investments | 3,519 | 3,661 |
| Realized (gain) loss on investments | 2,525 | — |
| Fair value (gain) loss on TRA | (304) | (5,933) |
| (Income) loss on equity method investments | 47 | (2) |
| Fair value (gain) loss on warrant liability | — | — |
| Fair value (gain) loss on earnout liability | (12,583) | (39,454) |
| Fair value gain (loss) on preferred stock tranche liability | (2,540) | — |
| Deferred income tax (benefit) expense | (1,931) | (4,666) |
| Equity-settled share-based payments | 7,396 | 2,579 |
| Unrealized foreign currency (gains)/losses | — | 1 |
| Forgiveness of debt of notes receivable from members | 56 | 53 |
| Cash flows due to changes in operating assets and liabilities | ||
| (Increase) decrease in fees receivable | 353 | 34,361 |
| (Increase) decrease in other assets | 3,469 | (4,702) |
| Operating cash flow from operating leases | 874 | 572 |
| Increase (decrease) in accounts payable and accrued expenses | (8,326) | (5,203) |
| Increase (decrease) in accrued compensation and profit sharing | (23,383) | (27,430) |
| Increase (decrease) in other liabilities | (808) | 5,706 |
| Other operating activities | — | 3 |
| Net cash provided by (used in) operating activities | (30,169) | (15,472) |
| (Continued on the following page) | ||
Condensed Consolidated Statement of Cash Flows (Unaudited)
| (Continued from the previous page) | For the Three Months Ended | |
|---|---|---|
| (Dollars in Thousands) | March 31, 2025 | March 31, 2024 |
| Cash Flows from Investing Activities | ||
| Receipt of payments of notes receivable from members | — | 66 |
| Purchases of investments | (26) | (39) |
| Cash payment for delayed share purchase agreement | — | (1,818) |
| Sales of investments | 285 | 779 |
| Proceeds from sale of LXi REIT Advisors | — | 32,202 |
| Proceeds from sale of equity method investment | 20,449 | — |
| Loss on disposal of intangible assets | (9) | — |
| Purchases of fixed assets | (782) | (210) |
| Net cash provided by (used in) investing activities | 19,917 | 30,980 |
| Cash Flows from Financing Activities | ||
| Proceeds from issuance of preferred stock and Constellation Warrants | — | 115,000 |
| Member contribution (distribution) | — | (2,681) |
| Payments on term notes and lines of credit | — | (33,562) |
| Borrowings on term notes and lines of credit | — | 32,258 |
| Payments of debt issuance costs | — | (1,519) |
| Taxes paid on net settled share-based compensation awards | — | (4,037) |
| Repurchase of common stock | (2,838) | — |
| Payment of preferred stock and Constellation Warrants issuance costs | — | (1,363) |
| Net cash provided by (used in) financing activities | (2,838) | 104,096 |
| Effect of exchange rate changes on cash | 436 | (223) |
| Net increase (decrease) in cash | (12,654) | 119,381 |
| Cash and cash equivalents at beginning of the period | 65,495 | 18,246 |
| Cash and cash equivalents at end of the period | $52,841 | $137,627 |
| Reconciliation of balance sheet cash and cash equivalents to cash flows: | ||
|---|---|---|
| Cash and cash equivalents on balance sheet | $52,841 | $134,237 |
| Cash and cash equivalents included in Assets held for sale | — | 3,390 |
| Cash and cash equivalents, including cash in Assets held for sale | $52,841 | $137,627 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash Paid During the Period for: | ||
| Income taxes | $209 | $30 |
| Interest payments on term notes and lines of credit | $— | $4,425 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.