The EPS miss vs consensus is a near-term headwind, but the strong revenue beat and expanding Adjusted EBITDA margins signal improving operational leverage. Watch for updates on the strategic review and further cost savings from ZBB. The stock may be volatile as the market digests the mixed EPS vs revenue surprise.
Price Chart
Executive Summary
AlTi Global reported Q1 2026 revenue of $73.1M (+28% YoY) and GAAP net income from continuing operations of $8.4M, swinging from a loss in Q4 2025. However, GAAP diluted EPS from continuing operations was $0.01, missing the consensus estimate of $0.06. Management fees grew 16% YoY to $51.9M, and Adjusted EBITDA rose 21% to $14.9M with a 20% margin. The company continues to execute its strategic review and zero-based budgeting, identifying ~$20M in annual gross savings.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $73.1M, up 28% YoY from $57.1M
- GAAP diluted EPS from continuing operations of $0.01, missing consensus of $0.06
- Management fees of $51.9M, up 16% YoY
- Adjusted EBITDA of $14.9M, up 21% YoY; margin improved to 20% from 22% in Q1 2025
- Net income from continuing operations of $8.4M vs. $4.0M in Q1 2025
- AUM of $48.7B, up 9% YoY; AUA of $90.1B, up 19% YoY
- Distributions from investments increased 75% YoY to $21.3M
- Zero-based budgeting identified ~$20M in annual gross savings, majority expected by year-end 2026
- Operating expenses rose 28% YoY to $83.8M, driven by higher compensation and strategic review costs
- Debt increased to $15.0M from $0.9M at year-end 2025
Financial Impact
Revenue beat consensus by ~14.6% ($73.1M vs $63.8M est), but GAAP EPS missed ($0.01 vs $0.06 est). Adjusted EBITDA margin expanded to 20%.
Risk Factors
- GAAP EPS miss of 83% vs consensus could pressure the stock near-term
- Operating expenses rose 28% YoY, outpacing revenue growth of 28%
- AUM declined 2% sequentially due to market depreciation and net client outflows
- High debt level of $15M vs $0.9M at year-end 2025
- Continued reliance on non-recurring incentive fees and investment distributions for profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-033448 |
| Document: alti-20260511.htm | 0001628280-26-033448 |
| Document: 0001628280-26-033448-index-headers.html | 0001628280-26-033448 |
| Document: 0001628280-26-033448-index.html | 0001628280-26-033448 |
| Document: 0001628280-26-033448.txt | 0001628280-26-033448 |
| 8-K Data (Synthetic) | 0001628280-26-033448 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $2.67 | awaiting T+20 | — | $2.52 (−5.62%) |
Aug 10, 2026 11w ago | 8-K | $4.07 $3.24 | ▲ +20.39% | ▲ +19.33% | $2.52 (+38.08%) |
Jul 13, 2026 15w ago | EFFECT | $3.44 $4.30 | ▲ +25.00% | ▲ +21.82% | $2.52 (−26.74%) |
Jun 30, 2026 17w ago | S-3 | $3.61 $3.63 | ▲ +0.55% | ▲ +1.58% | $2.52 (−30.19%) |
May 29, 2026 21w ago | DEFA14A | $3.23 $3.61 | ▲ +11.76% | ▲ +13.06% | $2.52 (−21.98%) |
May 11, 2026 24w ago | 8-K | $3.45 $2.81 | ▼ −18.55% | ▼ −16.82% | $2.52 (−26.96%) |
Apr 30, 2026 25w ago | DEFA14A | $3.60 $3.23 | ▼ −10.28% | ▼ −15.54% | $2.52 (−30.00%) |
Apr 9, 2026 28w ago | 3 | $3.85 $3.82 | ▼ −0.78% | ▼ −9.31% | $2.52 (−34.55%) |
Mar 31, 2026 30w ago | 8-K | $3.62 $3.54 | ▼ −2.21% | ▼ −11.63% | $2.52 (−30.39%) |
US Market Status
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