Quarterly ResultMay 11, 2026, 04:23 PM
Silvercrest Q1 Net Income $237K, EPS $0.03; Revenue Flat
AI Summary
Silvercrest Asset Management Group Inc. reported a significant decline in net income and earnings per share for the first quarter of 2026. Net income attributable to Silvercrest fell to $237 thousand from $2.469 million in the prior year, while basic EPS decreased to $0.03 from $0.26. Total revenue remained largely flat at $31.406 million. The company also experienced a substantial decrease in cash and cash equivalents and an increase in borrowings under its credit facility.
Key Highlights
- Net income attributable to Silvercrest plummeted 90.4% to $237K in Q1 2026 from $2.469M in Q1 2025.
- Basic earnings per share decreased 88.5% to $0.03 in Q1 2026 from $0.26 in Q1 2025.
- Total revenue was flat at $31.406M in Q1 2026, compared to $31.392M in Q1 2025.
- Cash and cash equivalents decreased to $11.641M as of March 31, 2026, from $44.069M at December 31, 2025.
- Borrowings under the credit facility increased to $10.010M from $4.023M quarter-over-quarter.
- Net cash used in operating activities increased to $30.725M in Q1 2026 from $24.714M in Q1 2025.
- Dividends paid on Class A common stock were $1.609M ($0.21 per share) in Q1 2026.