AlTi Global 2025 Q3 Earnings Wider Losses Amidst 10.5% Revenue Growth

AlTi Global (ALTI) reported fiscal 2025 Q3 earnings on November 13, 2025, with revenue rising 10.5% year-over-year to $57.20 million but a per-share loss widening by 30.9% to $0.89. The company narrowed its net loss by 7.2% to $106.95 million compared to 2024 Q3, though results fell short of analyst expectations for profitability. Management emphasized cost-cutting progress and long-term growth potential despite near-term challenges.

Revenue

The total revenue of AlTi Global increased by 10.5% to $57.20 million in 2025 Q3, up from $51.75 million in 2024 Q3.

Earnings/Net Income

AlTi Global's losses deepened to $0.89 per share in 2025 Q3 from a loss of $0.68 per share in 2024 Q3 (30.9% wider loss). Meanwhile, the company successfully narrowed its net loss to $-106.95 million in 2025 Q3, reducing losses by 7.2% compared to the $-115.31 million net loss reported in 2024 Q3.

The EPS loss worsened despite a narrower net loss, reflecting ongoing operational challenges.

Post-Earnings Price Action Review

The strategy of buying ALTI shares when revenue beats and holding for 30 days shows promising potential based on the company's recent performance and outlook. AlTi Global reported a net loss of $107 million for Q3 2025, primarily due to nonrecurring charges, but also reported an adjusted net income of $1 million, indicating resilience amid challenges. The company's assets under management grew to $89.2 billion as of September 30, 2025, up from $67.3 billion a year earlier, reflecting expanding client relationships and asset management success. Strategic restructuring efforts, including $20 million in annual savings by 2026, position the firm for improved financial performance. Analysts project 3 cents per share in earnings and a $9.00 price target, a 54.8% premium to the last closing price, suggesting optimism. While the expanding asset base and cost discipline support future growth, the recent net loss underscores risks. Investors should weigh these factors carefully before committing.

CEO Commentary

Michael Tiedemann highlighted a 10% revenue increase to $57.2M, driven by core wealth management growth and a 6% AUM expansion to $49B. He emphasized 96% recurring revenue resilience, $1.2B in projected billable assets year-to-date, and cost discipline via zero-based budgeting. Tiedemann expressed cautious optimism about long-term UHNW market positioning and M&A opportunities, despite near-term headwinds from wind-down costs.

Guidance

AlTi expects continued growth from organic initiatives, cross-office collaboration, and the Allianz private markets joint venture. Management anticipates margin expansion through ZBB-driven cost reductions and economies of scale, with recurring revenue stability (96% of total revenue) as a key focus. The company will prioritize global scale and strategic partnerships for international growth while monitoring non-GAAP metrics like Adjusted EBITDA.

Additional News

AlTi Global completed the wind-down of its international real estate business, incurring final restructuring charges, and announced $20 million in annual savings by 2026 through zero-based budgeting. The company integrated Kora, a German wealth management firm, with early collaboration successes and plans to expand in the Middle East. CEO Tiedemann noted share buybacks are under board discussion, though no immediate plans were disclosed. A $35 million arbitrage fund impairment was attributed to lower-than-expected asset growth, underscoring risks in non-core segments.