The stock may face downward pressure due to declining profitability despite modest revenue growth. Monitor whether international expansion and new hires translate into AUM and revenue growth in 2026. The aggressive share repurchases suggest management sees value at current levels, but execution risk remains high.
Price Chart
Executive Summary
Silvercrest Asset Management Group Inc. (SAMG) reported flat quarterly revenue and a net loss for Q4 2025, driven by elevated compensation expenses from strategic investments in growth initiatives. Full-year revenue increased 1.3% to $125.3M, but net income and adjusted EBITDA declined significantly year-over-year. Discretionary AUM grew 3% for the year, supported by strong organic inflows, while the firm continues expanding internationally with new offices and regulatory filings in Europe and Australia.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was flat YoY at $32.0M, while GAAP net loss was $0.1M vs. $2.7M net income in Q4 2024
- Full-year 2025 revenue increased 1.3% to $125.3M, but net income fell 48.7% to $8.1M and adjusted EBITDA dropped 25% to $19.6M
- Compensation ratio rose to 67.0% of revenue in 2025 from 62.0% in 2024 due to strategic hiring and expansion
- Discretionary AUM increased 3% for the year to $24.0B, but declined 1.2% in Q4 due to net outflows of $0.7B
- The firm repurchased $50.4M in shares under a $25M authorized program, indicating aggressive capital return
- International expansion is underway with offices in London and Australia, and pending EU regulatory approvals expected in Q2 2026
Financial Impact
Revenue up 1.3% but profitability sharply lower: net income down 49%, adjusted EBITDA down 25%, and adjusted EPS down 13% to $0.91 diluted
Risk Factors
- Continued high compensation costs may suppress margins in the near term
- International expansion may take longer than expected to generate returns
- Q4 discretionary AUM decline and net outflows raise client retention concerns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3256685 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 3 | $10.43 | awaiting T+5 | — | $10.18 (−2.40%) |
Oct 23, 2026 3d ago | Insider Buy | $10.59 | awaiting T+5 | — | $10.18 (−3.87%) |
Oct 23, 2026 3d ago | 8-K | $10.12 | awaiting T+5 | — | $10.18 (+0.59%) |
Oct 23, 2026 3d ago | Press Release | $10.12 | awaiting T+5 | — | $10.18 (+0.59%) |
Oct 16, 2026 10d ago | SC 13D/A | $10.46 $10.25 | ▼ −2.01% | ▼ −1.86% | $10.18 (−2.68%) |
Oct 13, 2026 13d ago | SC 13D/A | $10.21 $10.32 | ▲ +1.08% | ▲ +0.62% | $10.18 (−0.29%) |
Sep 30, 2026 26d ago | SC 13D | $10.49 $10.19 | ▼ −2.86% | ▼ −4.16% | $10.18 (−2.96%) |
Jun 18, 2026 18w ago | 8-K | $10.30 $11.61 | ▲ +12.72% | ▲ +14.79% | $10.18 (−1.17%) |
May 11, 2026 24w ago | 8-K | $12.56 $12.00 | ▲ +4.46% | ▲ +4.54% | $10.18 (+18.95%) |
May 5, 2026 24w ago | Press Release | $13.18 $12.56 | ▼ −4.70% | ▼ −5.83% | $10.18 (−22.76%) |
US Market Status
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