AlTi Global, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 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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Consolidated Statement of Cash Flows (Unaudited)
Condensed Consolidated Statement of Cash Flows (Unaudited)
| For the Nine Months Ended | ||
|---|---|---|
| (Dollars in Thousands) | September 30, 2025 | September 30, 2024 |
| Cash Flows from Operating Activities | ||
| Net income (loss) | $(139,879) | $(102,592) |
| Net income (loss) from discontinued operations, net of tax | (30,846) | (64,663) |
| Net income (loss) from continuing operations | (109,033) | (37,929) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities from continuing operations: | ||
| Depreciation and amortization | 13,682 | 10,877 |
| Amortization of debt discounts and deferred financing costs | — | 1,666 |
| Unrealized (gain) loss on investments | (3,702) | (4,899) |
| Realized (gain) loss on investments | 816 | (10,719) |
| Impairment loss on goodwill and intangible assets | 35,000 | 74,267 |
| Fair value (gain) loss on TRA | 1,389 | (3,786) |
| (Income) loss on equity method investments | 5 | 197 |
| Fair value (gain) loss on earnout liability | (9,939) | (41,922) |
| Fair value gain (loss) on preferred stock tranche liability | (2,290) | (1,140) |
| Deferred income tax (benefit) expense | 22,664 | (16,786) |
| Equity-settled share-based payments | 26,497 | 13,892 |
| Unrealized foreign currency (gains)/losses | — | 14 |
| Forgiveness of debt of notes receivable from members | 168 | 159 |
| Cash flows due to changes in operating assets and liabilities | ||
| (Increase) decrease in fees receivable | (4,380) | 38,960 |
| (Increase) decrease in other assets | (3,651) | (13,474) |
| Operating cash flow from operating leases | 2,600 | 3,514 |
| Increase (decrease) in accounts payable and accrued expenses | (3,555) | 344 |
| Increase (decrease) in accrued compensation and profit sharing | (14,822) | (39,370) |
| Increase (decrease) in other liabilities | (4,977) | 9,759 |
| Other operating activities | — | (72) |
| Net cash provided by (used in) operating activities from continuing operations | (53,528) | (16,448) |
| Cash Flows from Investing Activities | ||
| Receipt of payments of notes receivable from members | — | 66 |
| Purchases of investments | (28) | (102) |
| Cash payment for delayed share purchase agreement | — | (1,818) |
| Acquisition of Kontora, net of cash acquired | (6,556) | — |
| 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 investments | 171 | 818 |
| Proceeds from sale of FOS | — | 16,683 |
| Proceeds from sale of equity method investment | 20,449 | — |
| Loss on disposal of intangible assets | (9) | — |
| Sale of fixed assets | — | 144 |
| Purchases of fixed assets | (806) | (5,772) |
| Net cash provided by (used in) investing activities from continuing operations | 13,221 | (85,888) |
| (Continued on the following page) | ||
Condensed Consolidated Statement of Cash Flows (Unaudited)
| (Continued from the previous page) | For the Nine Months Ended | |
|---|---|---|
| (Dollars in Thousands) | September 30, 2025 | September 30, 2024 |
| Cash Flows from Financing Activities | ||
| Proceeds from issuance of preferred stock and Constellation Warrants | 18,471 | 305,340 |
| Proceeds from issuance of common stock | — | 94,660 |
| Member contribution (distribution) | — | (6,764) |
| Payments on term notes and lines of credit | (164) | (89,862) |
| Borrowings on term notes and lines of credit | — | 32,258 |
| Cash payment for earnout | (7,551) | (7,249) |
| Payments of debt issuance costs | — | (1,519) |
| Taxes paid on net settled share-based compensation awards | — | (4,037) |
| Tax payments on behalf of Umbrella partners | — | (379) |
| Payment of preferred stock and Constellation Warrants issuance costs | — | (10,235) |
| Payment of common stock issuance costs | — | (4,236) |
| Payment of preferred stock tranche right liability issuance costs | — | (512) |
| Cash payment of earn-in liability | (1,300) | (754) |
| Net cash provided by (used in) financing activities from continuing operations | 9,456 | 306,711 |
| Cash Flows from Discontinued Operations: | ||
| Net cash provided by (used in) operating activities from discontinued operations | 422 | (34,144) |
| Net cash provided by (used in) investing activities from discontinued operations | (1,590) | 32,441 |
| Net cash provided by (used in) financing activities from discontinued operations | — | (6) |
| Net cash provided by discontinued operations | (1,168) | (1,709) |
| Net increase (decrease) in cash and cash equivalents, including discontinued operations | (32,019) | 202,666 |
| Effect of exchange rate changes on cash and cash equivalents, including discontinued operations | 2,379 | 1,225 |
| Cash and cash equivalents, including discontinued operations, at beginning of the period | 65,487 | 18,246 |
| Cash and cash equivalents, including discontinued operations, at end of the period | 35,847 | 222,137 |
| Less: Cash and cash equivalents of discontinued operations, at end of the period | 1,545 | |
| Cash and cash equivalents | $35,847 | $220,592 |
| Supplemental Disclosure of Cash Flow Information | ||
|---|---|---|
| Cash Paid During the Period for: | ||
| Income taxes | $209 | $983 |
| Interest payments on term notes and lines of credit | $20 | $12,900 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.