AlTi Global, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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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.
FY2025 · Filed Mar 31, 2026
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.
| For the Year Ended | |||
|---|---|---|---|
| (Dollars in Thousands) | December 31, 2025 | December 31, 2024 | December 31, 2023 |
| Revenue | |||
| Management/advisory fees | $198,410 | $182,599 | $160,785 |
| Incentive fees | 34,708 | 3,256 | 42,674 |
| Distributions from investments | 20,837 | 12,304 | 17,185 |
| Other income/fees | 1,001 | 231 | 501 |
| Total revenue | 254,956 | 198,390 | 221,145 |
| Operating Expenses | |||
| Compensation and employee benefits | 189,793 | 156,122 | 169,191 |
| Systems, technology and telephone | 19,207 | 18,434 | 15,073 |
| Sales, distribution and marketing | 3,994 | 3,099 | 1,894 |
| Occupancy costs | 13,814 | 14,305 | 11,710 |
| Professional fees | 47,798 | 35,949 | 45,433 |
| Travel and entertainment | 3,663 | 4,750 | 5,098 |
| Depreciation and amortization | 18,446 | 14,427 | 10,397 |
| General, administrative and other | 32,184 | 10,237 | 10,575 |
| Total operating expenses | 328,899 | 257,323 | 269,371 |
| Total operating income (loss) | (73,943) | (58,933) | (48,226) |
| Other Income (Expenses) | |||
| Impairment loss on goodwill and intangible assets | (35,000) | (74,267) | — |
| Gain (loss) on investments | (5,022) | (3,300) | 4,161 |
| Gain (loss) on TRA | 5,372 | 3,855 | (233) |
| Gain (loss) on preferred stock tranche liability | 1,530 | 600 | — |
| Gain (loss) on warrant liabilities | — | — | (12,866) |
| Gain (loss) on earnout liabilities | 3,280 | 30,727 | 31,104 |
| Interest expense | (347) | (22,134) | (14,710) |
| Interest income | 1,422 | 5,206 | (1,301) |
| Other income (expense) | (2,421) | (4,858) | (104) |
| Income (loss) before taxes from continuing operations | (105,129) | (123,104) | (42,175) |
| Income tax (expense) benefit from continuing operations | (18,588) | 20,856 | 506 |
| Net income (loss) from continuing operations | (123,717) | (102,248) | (41,669) |
| Net income (loss) from discontinued operations, net of income tax | (31,353) | (72,057) | (269,546) |
| Net income (loss) | (155,070) | (174,305) | (311,215) |
| Net (loss) income attributed to non-controlling interests in subsidiaries from continuing operations | (35,371) | (71,271) | (145,631) |
| Net (loss) income attributed to non-controlling interests in subsidiaries from discontinued operations | — | — | — |
| Net income (loss) attributable to AlTi Global, Inc. | $(119,699) | $(103,034) | $(165,584) |
| (Continued on the following page) | |||
| (Continued from the previous page) | For the Year Ended | ||
|---|---|---|---|
| (Dollars in Thousands) | December 31, 2025 | December 31, 2024 | December 31, 2023 |
| Net Income (Loss) Per Share | |||
| Basic: | |||
| Continuing operations | $(1.23) | $(0.68) | $1.69 |
| Discontinued operations | $(0.31) | $(0.90) | $(4.39) |
| Diluted: | |||
| Continuing operations | $(1.23) | $(0.68) | $(0.36) |
| Discontinued operations | $(0.31) | $(0.90) | $(4.39) |
| Weighted Average Shares of Class A Common Stock Outstanding | |||
| Basic | |||
| Continuing operations | 99,868,230 | 79,692,659 | 61,396,692 |
| Discontinued operations | 99,868,230 | 79,692,659 | 61,396,692 |
| Diluted: | |||
| Continuing operations | 99,868,230 | 79,692,659 | 115,815,247 |
| Discontinued operations | 99,868,230 | 79,692,659 | 61,396,692 |
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