AlTi Global, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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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 Operations (Unaudited)
Condensed Consolidated Statement of Operations (Unaudited)
| For the Three Months Ended | For the Nine Months Ended | |||
|---|---|---|---|---|
| (Dollars in Thousands) | September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| Revenue | ||||
| Management/advisory fees | $51,680 | $48,101 | $145,692 | $136,436 |
| Incentive fees | 2,435 | 88 | 2,985 | 304 |
| Distributions from investments | 3,081 | 3,562 | 17,955 | 9,972 |
| Other income/fees | 42 | 58 | 69 | 207 |
| Total income | 57,238 | 51,809 | 166,701 | 146,919 |
| Operating Expenses | ||||
| Compensation and employee benefits | 41,450 | 38,142 | 125,371 | 105,105 |
| Systems, technology and telephone | 4,302 | 4,578 | 14,654 | 13,197 |
| Sales, distribution and marketing | 917 | 691 | 2,572 | 2,450 |
| Occupancy costs | 3,909 | 3,661 | 10,662 | 10,634 |
| Professional fees | 11,363 | 6,731 | 35,902 | 21,054 |
| Travel and entertainment | 897 | 1,022 | 2,695 | 3,517 |
| Depreciation and amortization | 4,714 | 4,588 | 13,682 | 10,877 |
| General, administrative and other | 18,183 | 1,909 | 23,647 | 5,487 |
| Total operating expenses | 85,735 | 61,322 | 229,185 | 172,321 |
| Total operating income (loss) | (28,497) | (9,513) | (62,484) | (25,402) |
| Other Income (Expenses) | ||||
| Impairment loss on goodwill and intangible assets | (35,000) | (74,267) | (35,000) | (74,267) |
| Gain (loss) on investments | 3,737 | 5,594 | 2,867 | 15,618 |
| Gain (loss) on TRA | (945) | (2,536) | (1,389) | 3,786 |
| Gain (loss) on preferred stock tranche liability | 500 | 1,140 | 2,290 | 1,140 |
| Gain (loss) on earnout liabilities | 4,741 | 4,413 | 9,939 | 41,922 |
| Interest expense | (126) | (5,188) | (279) | (14,879) |
| Interest income | 316 | 2,638 | 1,127 | 3,388 |
| Other income (expense) | (1,649) | 831 | (2,399) | 818 |
| Income (loss) before taxes from continuing operations | (56,923) | (76,888) | (85,328) | (47,876) |
| Income tax (expense) benefit from continuing operations | (30,086) | 9,484 | (23,705) | 9,947 |
| Net income (loss) from continuing operations | (87,009) | (67,404) | (109,033) | (37,929) |
| Net income (loss) from discontinued operations, net of income tax | (19,945) | (47,905) | (30,846) | (64,663) |
| Net income (loss) | (106,954) | (115,309) | (139,879) | (102,592) |
| Net (loss) income attributed to non-controlling interests in subsidiaries from continuing operations | (22,819) | (42,767) | (33,292) | (53,336) |
| Net (loss) income attributed to non-controlling interests in subsidiaries from discontinued operations | — | — | — | — |
| Net income (loss) attributable to AlTi Global, Inc. | $(84,135) | $(72,542) | $(106,587) | $(49,256) |
| (Continued on the following page) | ||||
Condensed Consolidated Statement of Operations (Unaudited)
| (Continued from the previous page) | For the Three Months Ended | For the Nine Months Ended | ||
|---|---|---|---|---|
| (Dollars in Thousands) | September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| Net Income (Loss) Per Share | ||||
| Basic: | ||||
| Continuing operations | $(0.69) | $(0.13) | $(0.97) | $(0.04) |
| Discontinued operations | $(0.20) | $(0.55) | $(0.31) | $(0.86) |
| Diluted: | ||||
| Continuing operations | $(0.69) | $(0.13) | $(0.97) | $(0.04) |
| Discontinued operations | $(0.20) | $(0.55) | $(0.31) | $(0.86) |
| Weighted Average Shares of Class A Common Stock Outstanding | ||||
| Basic | 102,091,550 | 86,399,551 | 98,990,021 | 74,993,835 |
| Diluted | 102,091,550 | 86,399,551 | 98,990,021 | 74,993,835 |
Condensed Consolidated Statement of Comprehensive Income (Loss) (Unaudited)
| For the Three Months Ended | For the Nine Months Ended | |||
|---|---|---|---|---|
| (Dollars in Thousands) | September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| Net income (loss) | (106,954) | (115,309) | (139,879) | (102,592) |
| Other Comprehensive Income (Loss) | ||||
| Foreign currency translation adjustments | (3,402) | (4,222) | 8,785 | (7,151) |
| Other comprehensive income (loss) | — | (63) | (25) | 148 |
| Total comprehensive income (loss) | (110,356) | (119,594) | (131,119) | (109,595) |
| Other loss attributed to non-controlling interests in subsidiaries | (21,470) | (43,433) | (28,376) | (55,635) |
| Comprehensive income (loss) attributable to AlTi Global, Inc. | (88,886) | (76,161) | (102,743) | (53,960) |
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