AlTi Global 2025 Q3 Earnings Wider Loss Amid 10.5% Revenue Growth

AlTi Global reported mixed Q3 2025 results, with revenue rising 10.5% to $57.20 million but losses widening per share. The company maintained prior guidance despite restructuring costs, emphasizing strategic cost discipline and organic growth initiatives.

Revenue

AlTi Global’s total revenue increased by 10.5% to $57.20 million in Q3 2025, compared to $51.75 million in the same period of 2024. This growth was driven by strong performance in its core wealth management business, with management and advisory fees contributing significantly to the top-line expansion.

Earnings/Net Income

AlTi Global’s losses deepened to $0.89 per share in Q3 2025, a 30.9% wider loss than the $0.68 per share in Q3 2024. However, the company narrowed its net loss to $-106.95 million, a 7.2% improvement compared to the $-115.31 million net loss in the prior-year period, reflecting progress in cost management and operational efficiency.

Price Action

The stock price of AlTi Global declined 3.48% during the latest trading day and 0.64% over the past week, but gained 3.19% month-to-date.

Post-Earnings Price Action Review

Following the earnings report, AlTi Global’s shares experienced mixed short-term performance, with intraday volatility reflecting investor skepticism over widening losses and optimism about revenue growth. While the stock dipped 3.48% in a single trading day, the month-to-date gain of 3.19% suggests some market confidence in the company’s long-term strategy, particularly its focus on cost reduction and core wealth management expansion. Analysts noted that the stock’s reaction balanced concerns over non-recurring charges against expectations for margin improvement from zero-based budgeting initiatives.

CEO Commentary

Michael Tiedemann, CEO of AlTi Global, emphasized the company’s “continued momentum in our core wealth management business,” driven by strong assets under management (AUM) growth and a 96% recurring revenue model. He highlighted the strategic wind-down of the international real estate business, transitioning to a single operating segment, and reiterated confidence in the firm’s M&A pipeline and private markets collaboration with Allianz.

Guidance

AlTi Global expects topline growth from organic initiatives, including international AUM expansion, pricing refinements, and the Allianz private markets joint venture. The company anticipates margin expansion through cost reductions via zero-based budgeting and operational efficiency, with no material changes to prior guidance.

Additional News

1. Restructuring Completion: AlTi Global finalized the wind-down of its international real estate business, eliminating ongoing management attention and restructuring charges.

2. Cost Savings Target: The firm outlined $20 million in annual savings from zero-based budgeting initiatives by 2026, reinforcing operational discipline.

3. Arbitrage Fund Impairment: A $35 million non-cash impairment of the arbitrage fund was reported due to lower-than-expected asset growth, though the strategy remains profitable.

Key Risks and Analyst Focus: Management highlighted non-recurring charges and potential future impairments but emphasized structural cost reductions and organic growth potential. Analysts remain focused on normalized EBITDA trends and cash flow improvements, with CFO Michael Harrington noting confidence in the company’s ability to manage costs and capitalize on its M&A pipeline.

Final Takeaway: AlTi Global’s Q3 results reflect a strategic pivot to core wealth management, with revenue growth and cost discipline narrowing losses. While short-term challenges persist, the company’s focus on operational leverage and long-term margin expansion positions it for sustainable growth, supported by a robust AUM base and strategic partnerships.