Quarterly ResultMay 11, 2026, 04:03 PM
Silvercrest Q1 Revenue Flat at $31.4M; Net Income $0.5M
AI Summary
Silvercrest Asset Management Group reported Q1 2026 financial results, with revenue remaining flat at $31.4 million year-over-year. GAAP consolidated net income significantly decreased to $0.5 million from $3.9 million in the prior year, and Adjusted EBITDA fell to $3.7 million. Discretionary assets under management (AUM) decreased 3.7% quarter-over-quarter to $23.1 billion, primarily due to institutional outflows, though year-over-year discretionary AUM grew nearly 2%. The company highlighted ongoing strategic investments in global expansion, including new offices in London, Australia, Dublin, Atlanta, and Singapore, which are impacting current earnings but are expected to drive future growth.
Key Highlights
- Silvercrest Q1 2026 revenue remained flat at $31.4 million YoY.
- GAAP consolidated net income decreased to $0.5 million from $3.9 million YoY.
- Net income attributable to Silvercrest was $0.2 million, or $0.03 per basic and diluted share.
- Adjusted EBITDA decreased to $3.7 million (11.8% margin) from $6.5 million (20.7% margin) YoY.
- Discretionary AUM decreased 3.7% to $23.1 billion at March 31, 2026, from $24.0 billion at December 31, 2025.
- Total AUM decreased 3.5% to $35.7 billion at March 31, 2026, from $37.0 billion at December 31, 2025.
- Company declared a quarterly dividend of $0.21 per share of Class A common stock.
- Total expenses increased 13.5% to $30.1 million, primarily due to a 12.0% rise in compensation and benefits to $21.1 million.