What is AlTi Global's operating income?

AlTi Global's total operating income in 2025 was -$73.94 million, based on the following breakdown: Total Gross Profit: $65.16 million Total Operating Expenses: $170.83 million

AlTi Global (ALTI) Financials

$3.56 +0.10 (+2.89%)

Closing price 04:00 PM Eastern

Extended Trading

$3.56 0.00 (0.00%)

As of 04:10 PM Eastern

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Annual Income Statements for AlTi Global

This table shows AlTi Global's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	3.94	-5.89	-166	-103	-120
Consolidated Net Income / (Loss)	3.79	-6.00	-311	-174	-155
Net Income / (Loss) Continuing Operations	3.79	-6.00	-42	-102	-124
Total Pre-Tax Income	4.31	-5.47	-42	-123	-105
Total Operating Income	7.77	-1.32	-48	-59	-74
Total Gross Profit	28	26	52	42	65
Total Revenue	76	77	221	198	255
Operating Revenue	76	77	221	198	255
Total Cost of Revenue	47	51	169	156	190
Operating Cost of Revenue	47	51	169	156	190
Total Operating Expenses	21	27	100	145	171
Selling, General & Admin Expense	13	17	71	65	99
Marketing Expense	0.93	1.17	1.89	3.10	3.99
Depreciation Expense	2.05	2.34	10	14	18
Other Operating Expenses / (Income)	4.06	6.23	17	19	17
Impairment Charge	0.00	0.00	0.00	74	35
Other Special Charges / (Income)	-	0.00	-	-31	-3.28
Total Other Income / (Expense), net	-3.46	-4.15	6.05	-21	0.53
Interest Expense	-	0.43	15	22	0.35
Interest & Investment Income	-3.36	-3.67	2.86	1.91	-3.60
Other Income / (Expense), net	-0.11	-0.06	18	-0.40	4.48
Income Tax Expense	0.52	0.53	-0.51	-21	19
Net Income / (Loss) Discontinued Operations	-	-	-270	-72	-31
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.15	-0.11	-146	-71	-35
Weighted Average Basic Shares Outstanding	6.96K	7.01K	61.40M	79.69M	99.87M
Weighted Average Diluted Shares Outstanding	6.96K	7.01K	115.82M	79.69M	99.87M
Weighted Average Basic & Diluted Shares Outstanding	8.45M	-	119.33M	142.24M	150.67M

This table shows AlTi Global's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-90	-50	30	-6.40	-73	-58	1.91	-24	-84	-13	7.70
Consolidated Net Income / (Loss)	-173	-76	22	-9.37	-115	-76	-2.88	-30	-107	-15	8.39
Net Income / (Loss) Continuing Operations	-173	-76	22	-9.37	-67	-76	4.04	-30	-87	-3.78	8.39
Total Pre-Tax Income	-175	-74	22	-10	-77	-87	2.41	-35	-57	-8.96	8.35
Total Operating Income	-25	-18	-15	-15	-9.51	-41	-8.41	-30	-28	-1.81	-11
Total Gross Profit	8.18	-16	11	11	14	-37	17	8.53	16	25	17
Total Revenue	48	89	51	49	52	53	57	53	57	87	73
Operating Revenue	48	89	51	49	52	53	57	53	57	87	73
Total Cost of Revenue	40	105	40	39	38	90	40	45	41	61	56
Operating Cost of Revenue	40	-	40	39	38	-	40	45	41	61	56
Total Operating Expenses	187	24	26	26	93	-25	25	39	75	28	27
Selling, General & Admin Expense	25	25	18	15	13	35	16	28	34	17	18
Marketing Expense	0.66	0.47	0.77	1.20	0.69	0.77	0.60	1.13	0.92	1.27	0.97
Depreciation Expense	3.68	5.19	2.57	3.81	4.59	3.55	4.35	4.62	4.71	4.76	4.71
Other Operating Expenses / (Income)	4.31	-28	4.89	5.35	4.68	-34	4.39	4.43	4.81	3.55	3.77
Total Other Income / (Expense), net	4.38	-35	37	5.53	2.48	-76	11	-4.61	1.83	-5.69	19
Interest Expense	3.67	4.20	4.84	4.85	5.19	7.26	0.15	0.00	0.13	0.07	0.09
Interest & Investment Income	-1.96	-11	-3.40	12	8.23	-17	-3.85	4.43	4.05	-6.40	6.02
Other Income / (Expense), net	10	-19	45	-1.54	-0.57	-51	15	-9.03	-2.09	0.78	13
Income Tax Expense	-1.78	2.04	0.36	-0.76	-9.48	-11	-1.62	-4.71	30	-5.18	-0.04
Net Income / (Loss) Discontinued Operations	-	-	-	-	-48	-	-6.92	-	-20	-	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-83	-26	-7.60	-2.97	-43	-18	-4.79	-5.68	-23	-2.08	0.69
Weighted Average Basic Shares Outstanding	63.57M	61.40M	66.72M	71.74M	86.40M	79.69M	94.88M	99.92M	102.09M	99.87M	105.02M
Weighted Average Diluted Shares Outstanding	63.57M	61.40M	120.56M	71.74M	86.40M	79.69M	147.16M	99.92M	102.09M	99.87M	110.88M
Weighted Average Basic & Diluted Shares Outstanding	117.99M	119.33M	120.01M	139.83M	139.83M	142.24M	144.98M	146.65M	146.65M	150.67M	151.62M

This table details how cash moves in and out of AlTi Global's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	4.47	-0.91	-179	48	-27
Net Cash From Operating Activities	19	6.86	-147	-16	-51
Net Cash From Continuing Operating Activities	19	6.86	-147	-16	-51
Net Income / (Loss) Continuing Operations	3.79	-6.00	-42	-102	-124
Consolidated Net Income / (Loss)	3.79	-6.00	-311	-174	-155
Net Income / (Loss) Discontinued Operations	-	-	-270	-72	-31
Depreciation Expense	2.05	2.34	10	14	18
Amortization Expense	0.00	0.00	0.93	6.18	0.00
Non-Cash Adjustments To Reconcile Net Income	8.23	4.15	36	96	64
Changes in Operating Assets and Liabilities, net	4.81	6.37	-153	-31	-9.99
Net Cash From Investing Activities	-2.49	-7.23	-134	-108	14
Net Cash From Continuing Investing Activities	-2.49	-7.23	-134	-108	14
Purchase of Property, Plant & Equipment	-0.00	-0.16	-0.33	-7.56	-0.81
Acquisitions	-1.24	0.00	-119	-98	-6.56
Purchase of Investments	-1.14	-0.22	-16	-20	-10
Sale of Property, Plant & Equipment	0.00	0.00	0.01	0.14	0.00
Divestitures	-	0.00	0.00	17	0.00
Sale and/or Maturity of Investments	0.82	1.46	1.73	0.80	0.19
Other Investing Activities, net	-0.92	-8.31	-0.53	0.07	31
Net Cash From Financing Activities	-12	-0.35	99	174	12
Net Cash From Continuing Financing Activities	-12	-0.35	99	174	12
Repayment of Debt	-9.85	-2.81	-100	-223	-0.29
Repurchase of Preferred Equity	-	0.00	0.00	-0.20	0.00
Repurchase of Common Equity	-	0.00	-4.22	-15	0.00
Payment of Dividends	0.00	0.00	-3.37	-0.01	0.00
Issuance of Debt	6.50	12	224	32	0.42
Issuance of Preferred Equity	-	0.00	0.00	305	18
Issuance of Common Equity	-	0.00	0.00	95	0.00
Other Financing Activities, net	-8.58	-9.84	-17	-20	-6.60
Other Net Changes in Cash	-	-	3.05	-2.23	-1.16
Cash Income Taxes Paid	0.62	0.61	0.85	1.47	2.32

This table details how cash moves in and out of AlTi Global's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-13	83	119	-78	162	-157	-13	-10	-8.94	5.10	-1.20
Net Cash From Operating Activities	-14	81	-15	-30	-4.94	-0.06	-30	-20	-2.99	1.67	5.31
Net Cash From Continuing Operating Activities	-14	81	-15	-30	-4.94	-0.06	-30	-20	-3.41	2.09	5.31
Net Income / (Loss) Continuing Operations	-173	235	22	-8.96	-111	-76	4.04	-30	-76	-15	8.39
Consolidated Net Income / (Loss)	-173	235	22	-8.96	-111	-76	-2.88	-30	-107	-15	8.39
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-6.92	-	-	-0.51	0.00
Depreciation Expense	3.68	-12	2.57	3.81	4.62	3.55	4.35	4.62	4.71	4.76	4.71
Non-Cash Adjustments To Reconcile Net Income	159	-240	0.93	-2.37	114	30	9.63	13	36	3.34	1.42
Changes in Operating Assets and Liabilities, net	-2.69	93	-41	-23	-13	38	-48	-7.59	32	8.67	-9.21
Net Cash From Investing Activities	-3.84	-0.56	31	-55	-30	-22	20	-6.58	-1.71	2.05	0.00
Net Cash From Continuing Investing Activities	-3.84	-0.56	31	-55	-30	-22	20	-6.58	-0.12	0.46	0.00
Purchase of Property, Plant & Equipment	-0.02	-0.36	-0.21	-1.06	-4.50	-1.94	-0.78	-0.02	-	-	0.00
Purchase of Investments	-0.06	-0.19	-0.04	-0.04	-0.03	-20	-0.03	-0.00	-	-	-0.01
Sale and/or Maturity of Investments	0.02	0.29	0.85	0.26	-0.01	0.00	0.17	0.00	-0.12	0.02	0.01
Other Investing Activities, net	0.00	0.30	0.00	-	-	-	20	-	-	31	0.00
Net Cash From Financing Activities	1.21	5.14	104	8.13	194	-132	-2.84	15	-2.55	2.55	-6.51
Net Cash From Continuing Financing Activities	1.21	5.14	104	8.13	194	-132	-2.84	15	-2.55	2.55	-6.51
Repayment of Debt	-14	-7.55	-35	-20	-36	-131	0.00	-0.08	-0.08	-0.13	-0.82
Repurchase of Common Equity	-	-	-1.36	-2.94	-10	-0.31	-2.84	2.84	-	-	-5.69
Other Net Changes in Cash	-	-	-	-	-	-	0.30	-	-	0.01	0.00
Cash Interest Paid	6.06	-	4.43	4.28	4.20	3.81	0.00	0.01	0.01	-	0.01
Cash Income Taxes Paid	-0.05	0.05	0.03	0.81	0.14	0.49	0.20	-	-	2.12	0.16

This table presents AlTi Global's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	0.13	346	92	1,266	1,256	1,176
Total Current Assets	0.00	0.62	7.13	15	64	41
Cash & Equivalents	0.00	0.55	7.13	15	64	41
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	0.13	345	85	1,251	1,191	1,135
Long-Term Investments	-	-	0.05	14	20	0.14
Noncurrent Note & Lease Receivables	-	-	25	70	30	66
Goodwill	-	-	25	412	378	386
Intangible Assets	-	-	21	436	470	436
Noncurrent Deferred & Refundable Income Taxes	-	-	-	0.00	21	0.13
Other Noncurrent Operating Assets	0.13	345	14	262	249	247
Total Liabilities & Shareholders' Equity	0.13	346	92	1,266	1,256	1,176
Total Liabilities	0.11	35	74	484	286	302
Total Current Liabilities	0.11	0.18	8.07	37	25	49
Accounts Payable	-	0.18	8.07	37	25	49
Total Noncurrent Liabilities	0.00	35	66	447	260	253
Long-Term Debt	-	0.00	21	186	0.00	0.88
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	0.08	14	11	9.70
Noncurrent Employee Benefit Liabilities	-	-	16	62	60	77
Other Noncurrent Operating Liabilities	0.00	35	29	171	177	165
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	345	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.02	-35	18	782	970	875
Total Preferred & Common Equity	0.02	-35	18	352	658	600
Total Common Equity	0.02	-35	18	352	658	600
Common Stock	0.02	0.00	19	537	653	667
Retained Earnings	-0.01	-35	0.00	-194	-297	-418
Treasury Stock	-	-	-	-	0.00	0.00
Accumulated Other Comprehensive Income / (Loss)	-	-	-1.08	9.16	-1.57	4.98
Other Equity Adjustments	-	-	-	-	304	346
Noncontrolling Interest	-	-	0.32	430	312	275

This table presents AlTi Global's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	348	1,416	1,406	1,234	1,300	1,323	1,406	1,213	1,243	1,154	1,138
Total Current Assets	0.48	18	24	12	147	60	222	53	42	36	40
Cash & Equivalents	0.46	18	24	12	134	60	222	53	42	36	40
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	347	1,398	1,382	1,222	1,153	1,263	1,184	1,160	1,200	1,119	1,099
Long-Term Investments	-	49	39	28	12	7.50	7.41	5.59	5.47	0.14	0.14
Noncurrent Note & Lease Receivables	-	32	30	32	1.93	1.83	36	34	41	38	34
Goodwill	-	531	561	409	408	441	380	380	387	386	385
Intangible Assets	-	541	499	501	432	505	480	466	481	440	431
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	24	29	0.00	0.00
Other Noncurrent Operating Assets	347	245	242	240	298	307	281	250	257	255	248
Total Liabilities & Shareholders' Equity	348	1,416	1,406	1,234	1,300	1,323	1,406	1,213	1,243	1,154	1,138
Total Liabilities	19	455	383	388	402	399	367	240	253	271	256
Total Current Liabilities	0.49	36	39	37	35	25	19	26	29	46	26
Accounts Payable	0.49	36	39	37	32	25	19	26	29	46	26
Total Noncurrent Liabilities	19	419	344	351	366	374	347	214	224	225	229
Long-Term Debt	0.48	133	169	173	184	164	128	-	0.67	0.59	15
Noncurrent Deferred & Payable Income Tax Liabilities	-	41	30	26	7.83	13	0.65	11	15	16	9.57
Noncurrent Employee Benefit Liabilities	-	12	15	20	36	30	41	39	35	44	48
Other Noncurrent Operating Liabilities	18	233	127	130	139	167	178	164	174	164	156
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	347	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-19	961	1,023	846	898	924	1,039	973	990	884	883
Total Preferred & Common Equity	-19	371	472	382	511	540	707	665	685	607	619
Total Common Equity	-19	371	472	382	396	387	707	665	685	607	619
Common Stock	0.00	462	516	520	554	550	644	655	666	668	676
Retained Earnings	-19	-97	-53	-142	-164	-170	-239	-297	-321	-405	-410
Treasury Stock	-	-	-	-	-	-	-	-2.84	0.00	0.00	-5.69
Accumulated Other Comprehensive Income / (Loss)	-	4.94	9.18	3.99	6.30	6.94	3.32	0.76	6.96	4.65	6.40
Other Equity Adjustments	-	-	-	-	-	-	299	309	334	340	352
Noncontrolling Interest	-	590	551	464	387	383	332	308	305	277	264

This table displays calculated financial ratios and metrics derived from AlTi Global's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	43,125,000.00	-	-	-	146,653,373.00
DEI Adjusted Shares Outstanding	43,125,000.00	-	-	-	146,653,373.00
DEI Earnings Per Adjusted Shares Outstanding	0.09	-	-	-	-0.82
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	1.54%	221.21%	-16.19%	28.51%
EBITDA Growth	0.00%	-90.06%	-10,257.97%	32.21%	-31.74%
EBIT Growth	0.00%	-117.92%	-8,355.35%	24.84%	-17.07%
NOPAT Growth	0.00%	-113.49%	-7,430.27%	12.49%	-25.47%
Net Income Growth	0.00%	-258.22%	-5,088.65%	43.99%	11.04%
EPS Growth	0.00%	-248.32%	99.68%	41.11%	0.00%
Operating Cash Flow Growth	0.00%	-63.69%	-1,291.40%	38.01%	-217.75%
Free Cash Flow Firm Growth	0.00%	0.00%	-437.25%	95.56%	51.52%
Invested Capital Growth	0.00%	-89.72%	2,714.02%	-2.15%	-4.76%
Revenue Q/Q Growth	0.00%	-42.27%	39.54%	-16.21%	14.23%
EBITDA Q/Q Growth	0.00%	-91.24%	-32.24%	-340.56%	63.01%
EBIT Q/Q Growth	0.00%	-112.45%	-40.73%	-1,932.36%	56.53%
NOPAT Q/Q Growth	0.00%	-109.06%	-17.10%	-49.28%	38.30%
Net Income Q/Q Growth	0.00%	-193.52%	-28.59%	-2.84%	26.71%
EPS Q/Q Growth	0.00%	-213.94%	99.73%	-34.75%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	-69.97%	-5.63%	1.27%	3.25%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-33.28%	-342.94%	-267.28%
Invested Capital Q/Q Growth	0.00%	-90.29%	-7.55%	-6.52%	-1.66%
Profitability Metrics	-	-	-	-	-
Gross Margin	37.37%	33.35%	15.66%	17.90%	25.56%
EBITDA Margin	12.83%	1.26%	-39.74%	-32.15%	-20.01%
Operating Margin	10.26%	-1.71%	-40.20%	-41.97%	-29.00%
EBIT Margin	10.12%	-1.79%	-47.02%	-42.17%	-27.24%
Profit (Net Income) Margin	5.01%	-7.80%	-126.04%	-84.23%	-60.82%
Tax Burden Percent	88.04%	109.63%	96.73%	89.19%	147.50%
Interest Burden Percent	56.19%	398.47%	277.15%	223.98%	151.35%
Effective Tax Rate	11.96%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.21%	-0.54%	-14.97%	-6.86%	-6.05%
ROIC Less NNEP Spread (ROIC-NNEP)	555.11%	-76.00%	-392.77%	-1,090.08%	147.49%
Return on Net Nonoperating Assets (RNNOA)	-0.99%	-3.12%	-62.80%	-13.03%	-10.76%
Return on Equity (ROE)	1.22%	-3.66%	-77.77%	-19.89%	-16.81%
Cash Return on Invested Capital (CROIC)	0.00%	162.16%	-201.24%	-4.68%	-1.18%
Operating Return on Assets (OROA)	4.43%	-0.63%	-17.09%	-6.92%	-5.71%
Return on Assets (ROA)	2.19%	-2.74%	-45.82%	-13.82%	-12.75%
Return on Common Equity (ROCE)	-0.14%	0.19%	-35.92%	-11.47%	-11.47%
Return on Equity Simple (ROE_SIMPLE)	-10.92%	-34.21%	-88.38%	-26.47%	0.00%
Net Operating Profit after Tax (NOPAT)	6.84	-0.92	-69	-61	-52
NOPAT Margin	9.03%	-1.20%	-28.14%	-29.38%	-20.30%
Net Nonoperating Expense Percent (NNEP)	-552.91%	75.46%	377.80%	1,083.22%	-153.54%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.36%	-7.17%	-6.27%	-5.91%
Cost of Revenue to Revenue	62.63%	66.65%	84.34%	82.10%	74.44%
SG&A Expenses to Revenue	17.80%	22.40%	40.06%	41.53%	38.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.11%	35.07%	127.00%	101.45%	67.00%
Earnings before Interest and Taxes (EBIT)	7.66	-1.37	-116	-87	-69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.71	0.97	-98	-67	-51
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	26.83	2.94	0.94	1.13
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.63	6.12	4.19	2.98	2.67
Price to Earnings (P/E)	108.17	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.92%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.49	15.22	1.81	0.95	1.10
Enterprise Value to Revenue (EV/Rev)	10.18	6.31	6.56	4.04	3.59
Enterprise Value to EBITDA (EV/EBITDA)	79.32	501.88	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	100.56	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	112.67	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	40.80	70.69	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.75	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	1.19	0.24	0.00	0.00
Long-Term Debt to Equity	0.00	1.19	0.24	0.00	0.00
Financial Leverage	0.00	0.04	0.16	0.01	-0.07
Leverage Ratio	1.11	1.33	1.70	1.44	1.32
Compound Leverage Factor	0.63	5.31	4.70	3.22	2.00
Debt to Total Capital	0.00%	54.27%	19.23%	0.00%	0.10%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	54.27%	19.23%	0.00%	0.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	111.19%	0.82%	44.42%	32.14%	31.37%
Common Equity to Total Capital	-11.19%	44.91%	36.35%	67.86%	68.53%
Debt to EBITDA	0.00	21.93	-1.90	0.00	-0.02
Net Debt to EBITDA	0.00	14.50	-1.60	0.00	0.79
Long-Term Debt to EBITDA	0.00	21.93	-1.90	0.00	-0.02
Debt to NOPAT	0.00	-22.96	-2.68	0.00	-0.02
Net Debt to NOPAT	0.00	-15.18	-2.26	0.00	0.78
Long-Term Debt to NOPAT	0.00	-22.96	-2.68	0.00	-0.02
Altman Z-Score	7.38	4.58	0.94	0.93	0.87
Noncontrolling Interest Sharing Ratio	111.19%	105.24%	53.81%	42.34%	31.79%
Liquidity Ratios	-	-	-	-	-
Current Ratio	3.41	0.88	0.41	1.93	0.85
Quick Ratio	3.03	0.88	0.41	1.93	0.85
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	277	-934	-42	-10
Operating Cash Flow to CapEx	944,250.00%	4,396.15%	0.00%	-669.20%	-6,381.76%
Free Cash Flow to Firm to Interest Expense	0.00	648.64	-64.41	-1.87	-29.10
Operating Cash Flow to Interest Expense	0.00	16.06	-5.63	-2.29	-148.23
Operating Cash Flow Less CapEx to Interest Expense	0.00	15.70	-5.63	-2.63	-150.56
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.44	0.35	0.36	0.16	0.21
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	12.41	9.21	4.78	5.13
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	29.41	39.64	76.41	71.18
Cash Conversion Cycle (CCC)	0.00	-29.41	-39.64	-76.41	-71.18
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	310	32	896	877	834
Invested Capital Turnover	0.24	0.45	0.53	0.23	0.30
Increase / (Decrease) in Invested Capital	0.00	-278	865	-19	-42
Enterprise Value (EV)	771	485	1,621	835	915
Market Capitalization	426	470	1,034	617	680
Book Value per Share	($0.81)	$0.41	$2.98	$4.71	$4.09
Tangible Book Value per Share	($0.81)	($0.66)	($4.20)	($1.35)	($1.51)
Total Capital	310	39	969	970	876
Total Debt	0.00	21	186	0.00	0.88
Total Long-Term Debt	0.00	21	186	0.00	0.88
Net Debt	-0.55	14	157	-93	-40
Capital Expenditures (CapEx)	0.00	0.16	0.00	7.57	0.81
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.11	-8.07	-37	-34	-49
Debt-free Net Working Capital (DFNWC)	0.44	-0.94	-22	32	-7.48
Net Working Capital (NWC)	0.44	-0.94	-22	32	-7.48
Net Nonoperating Expense (NNE)	3.05	5.08	242	114	103
Net Nonoperating Obligations (NNO)	-0.55	14	114	-93	-40
Total Depreciation and Amortization (D&A)	2.05	2.34	18	21	18
Debt-free, Cash-free Net Working Capital to Revenue	-0.15%	-10.50%	-15.05%	-16.42%	-19.08%
Debt-free Net Working Capital to Revenue	0.58%	-1.23%	-8.83%	15.23%	-2.93%
Net Working Capital to Revenue	0.58%	-1.23%	-8.83%	15.23%	-2.93%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	$0.40	($2.65)	($1.59)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	43.13M	43.13M	61.40M	79.69M	99.87M
Adjusted Diluted Earnings per Share	($0.03)	$0.40	($2.65)	($1.59)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	43.13M	43.13M	61.40M	79.69M	99.87M
Adjusted Basic & Diluted Earnings per Share	($0.03)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.56M	0.00	119.33M	142.24M	150.67M
Normalized Net Operating Profit after Tax (NOPAT)	6.84	-0.92	53	-0.56	-30
Normalized NOPAT Margin	9.03%	-1.20%	21.67%	-0.27%	-11.59%
Pre Tax Income Margin	5.69%	-7.12%	-130.31%	-94.44%	-41.23%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	-3.22	-8.01	-3.94	-200.18
NOPAT to Interest Expense	0.00	-2.16	-4.79	-2.75	-149.16
EBIT Less CapEx to Interest Expense	0.00	-3.58	-8.01	-4.28	-202.50
NOPAT Less CapEx to Interest Expense	0.00	-2.53	-4.79	-3.09	-151.49
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	-0.01%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-8.49%	0.00%

This table displays calculated financial ratios and metrics derived from AlTi Global's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	142,238,916.00	144,983,910.00	146,653,373.00	146,653,373.00	150,673,150.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	142,238,916.00	144,983,910.00	146,653,373.00	146,653,373.00	150,673,150.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.01	-0.17	-0.57	-0.09	0.05
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	159.30%	360.18%	-12.46%	-3.57%	10.70%	-40.35%	12.35%	7.43%	10.48%	87.04%	28.06%
EBITDA Growth	-8,843.45%	-1,585.54%	142.32%	-163.30%	77.81%	-89.74%	-67.95%	-183.86%	-444.09%	106.74%	-33.83%
EBIT Growth	-3,339.27%	-1,052.93%	135.52%	-179.14%	45.17%	-151.60%	-79.10%	-137.46%	-203.54%	98.38%	-62.33%
NOPAT Growth	-6,532.01%	-453.81%	52.55%	63.85%	36.12%	-133.07%	2.54%	-101.58%	-199.56%	90.86%	23.80%
Net Income Growth	-24,722.99%	-974.31%	124.08%	-131.85%	35.52%	0.79%	-113.05%	-220.70%	7.25%	78.82%	391.12%
EPS Growth	98.53%	99.97%	115.13%	-172.00%	37.59%	-102.86%	0.00%	-83.33%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-1,025.32%	2,117.99%	74.65%	-450.40%	65.87%	-100.07%	-96.20%	33.91%	39.47%	-95.15%	117.50%
Free Cash Flow Firm Growth	-3,302.02%	-418.14%	111.78%	110.90%	103.06%	98.91%	-102.61%	-38.16%	183.42%	515.21%	2,106.88%
Invested Capital Growth	195.47%	2,714.02%	-9.86%	-9.00%	-3.23%	-2.15%	-1.27%	-7.55%	-9.58%	-4.76%	-6.15%
Revenue Q/Q Growth	-6.04%	85.53%	-44.95%	-2.67%	7.87%	-0.03%	23.26%	-8.34%	7.74%	51.35%	-15.61%
EBITDA Q/Q Growth	-164.41%	-251.25%	302.69%	-137.48%	77.42%	-2,903.70%	119.43%	-707.97%	25.12%	114.43%	90.73%
EBIT Q/Q Growth	-171.03%	-144.22%	1,642.12%	-155.30%	50.79%	-1,020.75%	110.11%	-3,034.53%	21.91%	96.63%	334.56%
NOPAT Q/Q Growth	39.41%	29.46%	-47.58%	27.44%	-7.07%	-157.37%	-1.49%	-123.49%	5.47%	93.65%	-745.81%
Net Income Q/Q Growth	-714.18%	55.84%	129.96%	-141.20%	-1,143.50%	32.06%	95.98%	-942.44%	-256.00%	85.80%	155.23%
EPS Q/Q Growth	-664.00%	75.18%	158.06%	-200.00%	-388.89%	19.32%	0.00%	-725.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-163.90%	659.71%	-2,094.61%	-95.09%	83.63%	98.87%	-188.23%	33.88%	85.02%	155.86%	218.21%
Free Cash Flow Firm Q/Q Growth	20.60%	-33.06%	109.93%	4.15%	-77.74%	-147.52%	-134.55%	2,276.73%	25.10%	-42.28%	12.69%
Invested Capital Q/Q Growth	-13.49%	-7.55%	3.30%	10.15%	-8.00%	-6.52%	4.36%	3.14%	-10.03%	-1.66%	2.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.97%	-17.53%	22.15%	100.00%	24.13%	-68.51%	29.20%	16.05%	27.58%	29.04%	23.02%
EBITDA Margin	-26.31%	-49.81%	65.43%	-25.20%	-5.27%	-158.45%	18.85%	-65.05%	-45.21%	4.31%	9.74%
Operating Margin	-52.03%	-19.78%	-28.87%	-30.24%	-30.02%	-77.28%	-14.73%	-56.75%	-49.79%	-2.09%	-14.59%
EBIT Margin	-31.26%	-41.15%	59.73%	-33.94%	-15.48%	-173.58%	11.24%	-73.74%	-53.45%	-1.19%	3.30%
Profit (Net Income) Margin	-358.54%	-85.33%	42.80%	-18.12%	-208.85%	-141.93%	-5.05%	-56.55%	-186.86%	-17.54%	11.48%
Tax Burden Percent	98.98%	102.75%	98.36%	92.22%	92.16%	87.05%	-119.39%	86.45%	187.89%	169.54%	100.49%
Interest Burden Percent	1,158.72%	201.80%	72.85%	57.88%	1,463.71%	93.93%	37.64%	88.71%	186.08%	869.90%	345.57%
Effective Tax Rate	0.00%	0.00%	1.64%	0.00%	0.00%	0.00%	-67.23%	0.00%	0.00%	0.00%	-0.49%
Return on Invested Capital (ROIC)	-9.93%	-7.37%	-7.08%	-4.78%	-5.44%	-12.62%	-5.48%	-8.81%	-8.71%	-0.44%	-4.48%
ROIC Less NNEP Spread (ROIC-NNEP)	-260.34%	-107.24%	69.57%	-3.23%	-883.16%	-459.58%	-78.32%	-45.09%	118.75%	20.26%	-50.57%
Return on Net Nonoperating Assets (RNNOA)	-27.49%	-17.15%	3.53%	-0.32%	-10.70%	-5.50%	1.29%	-1.16%	-8.43%	-1.48%	2.26%
Return on Equity (ROE)	-37.42%	-24.51%	-3.55%	-5.10%	-16.13%	-18.12%	-4.19%	-9.97%	-17.14%	-1.91%	-2.22%
Cash Return on Invested Capital (CROIC)	-108.00%	-201.24%	5.69%	5.03%	-0.98%	-4.68%	-2.73%	0.66%	0.68%	-1.18%	0.33%
Operating Return on Assets (OROA)	-7.00%	-14.96%	10.72%	-6.02%	-2.90%	-28.48%	1.83%	-12.52%	-9.32%	-0.25%	0.76%
Return on Assets (ROA)	-80.24%	-31.02%	7.68%	-3.21%	-39.08%	-23.29%	-0.82%	-9.60%	-32.58%	-3.68%	2.65%
Return on Common Equity (ROCE)	-11.57%	-11.32%	-1.46%	-2.25%	-9.32%	-10.45%	-2.38%	-5.59%	-11.71%	-1.31%	-1.54%
Return on Equity Simple (ROE_SIMPLE)	-63.35%	0.00%	-37.92%	-42.73%	-23.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-18	-12	-14	-10	-11	-29	-14	-21	-20	-1.27	-11
NOPAT Margin	-36.42%	-13.85%	-28.39%	-21.17%	-21.01%	-54.10%	-24.64%	-39.72%	-34.85%	-1.46%	-14.66%
Net Nonoperating Expense Percent (NNEP)	250.41%	99.88%	-76.65%	-1.55%	877.72%	446.96%	72.84%	36.28%	-127.46%	-20.69%	46.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.28%	-	-	-	-2.97%	-1.45%	-2.13%	-2.26%	-0.14%	-1.19%
Cost of Revenue to Revenue	83.03%	117.53%	77.85%	0.00%	75.87%	168.51%	70.80%	83.95%	72.42%	70.96%	76.98%
SG&A Expenses to Revenue	51.07%	27.59%	34.84%	30.63%	34.57%	64.97%	27.56%	53.63%	59.14%	20.07%	24.69%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	388.30%	26.65%	51.02%	130.24%	271.77%	-47.56%	43.93%	72.79%	130.24%	32.82%	37.61%
Earnings before Interest and Taxes (EBIT)	-15	-37	30	-17	-8.26	-93	6.41	-39	-31	-1.03	2.42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-13	-45	33	-12	-2.81	-84	11	-35	-26	3.73	7.12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.15	2.94	1.71	1.62	0.74	0.94	0.65	0.88	0.86	1.13	0.88
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.64	4.19	2.77	2.59	2.12	2.98	2.11	2.76	2.34	2.67	2.01
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.46	1.81	1.31	1.23	0.80	0.95	0.75	0.91	0.90	1.10	0.91
Enterprise Value to Revenue (EV/Rev)	8.01	6.56	4.99	5.20	3.05	4.04	3.33	3.95	3.42	3.59	2.89
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	24.34	70.75	27.28	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	33.81	0.00	158.40	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	21.88	23.36	0.00	0.00	0.00	133.41	126.45	0.00	270.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.24	0.20	0.18	0.12	0.00	0.00	0.00	0.00	0.00	0.02
Long-Term Debt to Equity	0.20	0.24	0.20	0.18	0.12	0.00	0.00	0.00	0.00	0.00	0.02
Financial Leverage	0.11	0.16	0.05	0.10	0.01	0.01	-0.02	0.03	-0.07	-0.07	-0.04
Leverage Ratio	1.35	1.70	1.46	1.40	1.40	1.44	1.34	1.34	1.33	1.32	1.27
Compound Leverage Factor	15.61	3.42	1.06	0.81	20.50	1.35	0.51	1.19	2.48	11.47	4.38
Debt to Total Capital	16.97%	19.23%	16.97%	15.08%	11.00%	0.00%	0.00%	0.07%	0.07%	0.10%	1.68%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	16.97%	19.23%	16.97%	15.08%	11.00%	0.00%	0.00%	0.07%	0.07%	0.10%	1.68%
Preferred Equity to Total Capital	0.00%	0.00%	10.67%	14.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	45.53%	44.42%	35.80%	35.25%	28.47%	32.14%	31.62%	30.76%	31.28%	31.37%	29.39%
Common Equity to Total Capital	37.51%	36.35%	36.58%	35.57%	60.54%	67.86%	68.38%	69.17%	68.65%	68.53%	68.93%
Debt to EBITDA	-2.33	-1.90	3.68	9.22	4.64	0.00	0.00	-0.01	0.00	-0.02	-0.28
Net Debt to EBITDA	-1.79	-1.60	0.75	5.42	-3.66	0.00	0.00	0.40	0.26	0.79	0.45
Long-Term Debt to EBITDA	-2.33	-1.90	3.68	9.22	4.64	0.00	0.00	-0.01	0.00	-0.02	-0.28
Debt to NOPAT	-2.91	-2.68	-4.02	-3.48	-3.15	0.00	0.00	-0.01	-0.01	-0.02	-0.28
Net Debt to NOPAT	-2.24	-2.26	-0.82	-2.05	2.48	0.00	0.00	0.67	0.42	0.78	0.47
Long-Term Debt to NOPAT	-2.91	-2.68	-4.02	-3.48	-3.15	0.00	0.00	-0.01	-0.01	-0.02	-0.28
Altman Z-Score	1.19	1.15	1.20	0.93	0.95	0.92	0.95	1.15	0.76	1.06	1.03
Noncontrolling Interest Sharing Ratio	69.07%	53.81%	58.78%	55.87%	42.23%	42.34%	43.29%	43.97%	31.67%	31.79%	30.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.33	0.41	4.16	2.37	11.59	1.93	2.01	1.47	0.79	0.85	1.50
Quick Ratio	0.33	0.41	3.79	2.37	11.59	1.93	2.01	1.47	0.79	0.85	1.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-659	-877	87	90	20	-9.57	-2.27	56	70	40	46
Operating Cash Flow to CapEx	-206,742.86%	22,437.95%	0.00%	-2,836.84%	-13.51%	-2.89%	-3,881.84%	-83,120.83%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-179.68	-208.76	17.95	18.65	3.88	-1.32	-15.02	27,970.55	555.41	594.04	511.48
Operating Cash Flow to Interest Expense	-3.95	19.28	-3.20	-6.22	-0.95	-0.01	-201.03	-9,974.50	-23.71	24.54	59.67
Operating Cash Flow Less CapEx to Interest Expense	-3.95	19.20	3.41	-6.44	-7.99	-0.28	-206.21	-9,986.50	-23.71	24.54	59.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.22	0.36	0.18	0.18	0.19	0.16	0.16	0.17	0.17	0.21	0.23
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	6.25	9.21	5.28	5.63	6.45	4.78	5.39	6.57	5.62	5.13	7.80
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	58.37	39.64	69.14	64.81	56.57	76.41	67.70	55.52	64.97	71.18	46.81
Cash Conversion Cycle (CCC)	-58.37	-39.64	-69.14	-64.81	-56.57	-76.41	-67.70	-55.52	-64.97	-71.18	-46.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	970	896	926	1,020	938	877	914	943	848	834	858
Invested Capital Turnover	0.27	0.53	0.25	0.23	0.26	0.23	0.22	0.22	0.25	0.30	0.31
Increase / (Decrease) in Invested Capital	642	865	-101	-101	-31	-19	-12	-77	-90	-42	-56
Enterprise Value (EV)	1,418	1,621	1,216	1,258	754	835	682	859	763	915	784
Market Capitalization	821	1,034	675	625	523	617	432	602	522	680	545
Book Value per Share	$3.24	$2.98	$3.32	$3.22	$5.06	$4.71	$4.68	$4.73	$4.14	$4.09	$4.22
Tangible Book Value per Share	($4.48)	($4.20)	($3.73)	($4.66)	($1.09)	($1.35)	($1.28)	($1.26)	($1.49)	($1.51)	($1.34)
Total Capital	1,019	969	1,082	1,088	1,168	970	973	991	884	876	898
Total Debt	173	186	184	164	128	0.00	0.00	0.67	0.59	0.88	15
Total Long-Term Debt	173	186	184	164	128	0.00	0.00	0.67	0.59	0.88	15
Net Debt	133	157	37	96	-101	-93	-58	-47	-35	-40	-25
Capital Expenditures (CapEx)	0.01	0.36	-32	1.06	37	1.94	0.78	0.02	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-37	-37	-22	-25	-19	-34	-26	-29	-46	-49	-26
Debt-free Net Working Capital (DFNWC)	-25	-22	112	35	203	32	27	14	-9.65	-7.48	13
Net Working Capital (NWC)	-25	-22	112	35	203	32	27	14	-9.65	-7.48	13
Net Nonoperating Expense (NNE)	155	64	-36	-1.51	100	47	-11	8.94	87	14	-19
Net Nonoperating Obligations (NNO)	124	114	28	96	-101	-93	-58	-47	-35	-40	-24
Total Depreciation and Amortization (D&A)	2.39	-7.74	2.90	4.32	5.45	8.07	4.35	4.62	4.71	4.76	4.71
Debt-free, Cash-free Net Working Capital to Revenue	-20.86%	-15.05%	-9.18%	-10.48%	-7.76%	-16.42%	-12.85%	-13.27%	-20.39%	-19.08%	-9.76%
Debt-free Net Working Capital to Revenue	-13.97%	-8.83%	45.92%	14.32%	82.19%	15.23%	12.97%	6.21%	-4.33%	-2.93%	4.90%
Net Working Capital to Revenue	-13.97%	-8.83%	45.92%	14.32%	82.19%	15.23%	12.97%	6.21%	-4.33%	-2.93%	4.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.40)	($0.82)	$0.38	($0.18)	($0.88)	($0.91)	($0.04)	($0.33)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	63.57M	61.40M	66.72M	71.74M	86.40M	79.69M	94.88M	99.92M	102.09M	99.87M	105.02M
Adjusted Diluted Earnings per Share	($1.40)	($0.35)	$0.18	($0.18)	($0.88)	($0.71)	($0.04)	($0.33)	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	63.57M	61.40M	120.56M	71.74M	86.40M	79.69M	94.88M	99.92M	102.09M	99.87M	110.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	117.99M	119.33M	120.01M	139.83M	139.83M	142.24M	144.98M	146.65M	146.65M	150.67M	151.62M
Normalized Net Operating Profit after Tax (NOPAT)	90	-12	-14	-10	70	-29	-5.89	-21	1.23	-1.27	-7.46
Normalized NOPAT Margin	187.09%	-13.85%	-28.39%	-21.17%	131.32%	-54.10%	-10.31%	-39.72%	2.15%	-1.46%	-10.21%
Pre Tax Income Margin	-362.24%	-83.05%	43.51%	-19.64%	-226.62%	-163.04%	4.23%	-65.41%	-99.45%	-10.34%	11.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-4.11	-8.76	6.27	-3.46	-1.59	-12.75	42.48	-19,588.00	-242.79	-15.15	27.15
NOPAT to Interest Expense	-4.78	-2.95	-2.98	-2.16	-2.16	-3.97	-93.14	-10,551.45	-158.32	-18.63	-120.41
EBIT Less CapEx to Interest Expense	-4.11	-8.84	12.88	-3.68	-8.63	-13.02	37.30	-19,600.00	-242.79	-15.15	27.15
NOPAT Less CapEx to Interest Expense	-4.79	-3.03	3.63	-2.38	-9.20	-4.24	-98.32	-10,563.45	-158.32	-18.63	-120.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-8.49%	-8.16%	-4.76%	-0.15%	0.00%	-1.98%

Financials Breakdown Chart

Key Financial Trends

AlTi Global’s latest quarter shows a sharp rebound in reported profitability, but the bigger picture is still mixed. In Q1 2026, the company posted $73.1 million of revenue and $7.7 million of net income attributable to common shareholders, a big improvement from the large losses seen in late 2025. However, operating income remained negative, and the balance sheet still reflects a highly leveraged, acquisition-heavy business model with substantial goodwill and intangible assets.

Q1 2026 revenue was $73.1 million, up from $53.1 million in Q2 2025 and $57.2 million in Q3 2025, showing a meaningful top-line rebound.
Net income attributable to common shareholders turned positive at $7.7 million in Q1 2026, versus a loss of $13.1 million in Q4 2025 and $24.4 million in Q2 2025.
Operating cash flow was positive at $5.3 million in Q1 2026, a strong improvement from the negative operating cash flow reported in several prior quarters.
Cash and equivalents rose to $39.7 million from $35.8 million in Q3 2025, giving the company a somewhat better near-term liquidity position.
Debt was reduced to $15.0 million from $586,000 in Q3 2025 and far below the much higher levels seen in 2024, suggesting a more manageable direct debt load.
Gross margin remains solid but not exceptional: Q1 2026 gross profit was $16.8 million on $73.1 million of revenue, with cost of revenue still consuming most sales.
Operating expenses remain high, and the company still posted a $10.7 million operating loss in Q1 2026, so core profitability has not yet been established.
The balance sheet is dominated by goodwill and intangibles ($384.6 million goodwill and $431.3 million intangible assets), which increases the risk of future impairment charges.
Long-term obligations remain significant, including employee benefit liabilities, deferred taxes, and other noncurrent operating liabilities, keeping leverage and liability pressure elevated.
Retained earnings remain deeply negative at $410.3 million, reflecting a long history of accumulated losses and limiting balance sheet flexibility.

Longer-term trend: ALTI has shown a dramatic recovery from the severe losses and negative cash flow seen in 2023 and 2024, when impairment charges and acquisition-related accounting weighed heavily on results. Revenue has generally trended upward over the last year, and Q1 2026 was one of the company’s better quarters on a net income basis. Still, the business appears reliant on non-operating items and balance-sheet structure for earnings volatility, rather than consistently strong operating margins.

Bottom line: ALTI’s latest quarter is encouraging, especially on revenue, earnings, and operating cash flow. But investors should remain cautious: operating profitability is still negative, the asset base is heavily intangible, and the company’s history shows that results can swing sharply from quarter to quarter.

07/21/26 12:30 AM ETAI Generated. May Contain Errors.

AlTi Global Financials - Frequently Asked Questions

According to the most recent income statement we have on file, AlTi Global's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

AlTi Global's net income appears to be on an upward trend, with a most recent value of -$155.07 million in 2025, falling from $3.79 million in 2021. The previous period was -$174.31 million in 2024. Find out what analysts predict for AlTi Global in the coming months.

AlTi Global's total operating income in 2025 was -$73.94 million, based on the following breakdown:

Total Gross Profit: $65.16 million
Total Operating Expenses: $170.83 million

Over the last 4 years, AlTi Global's total revenue changed from $75.70 million in 2021 to $254.96 million in 2025, a change of 236.8%.

AlTi Global's total liabilities were at $301.66 million at the end of 2025, a 5.6% increase from 2024, and a 265,029.5% increase since 2020.

In the past 5 years, AlTi Global's cash and equivalents has ranged from $0.00 in 2020 to $64.42 million in 2024, and is currently $41.16 million as of their latest financial filing in 2025.

Over the last 4 years, AlTi Global's book value per share changed from -0.81 in 2021 to 4.09 in 2025, a change of -608.1%.

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Financial statements for NASDAQ:ALTI last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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AlTi Global (ALTI) Financials

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AlTi Global (ALTI) Financials

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AlTi Global Financials - Frequently Asked Questions

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