Quarterly ResultJul 30, 2026, 04:28 PM
Silvercrest Q2 Net Income Attributable to Company $170K, EPS $0.02
AI Summary
Silvercrest Asset Management Group Inc. reported its second-quarter and six-month financial results for 2026. The company experienced a significant decline in net income and basic earnings per share compared to the prior year, despite a slight increase in total revenue. Cash and cash equivalents also saw a substantial decrease, with increased cash outflow from operating activities.
Key Highlights
- Q2 2026 net income attributable to Silvercrest was $170K, down from $1,918K YoY.
- Q2 2026 basic EPS was $0.02, a significant decrease from $0.21 YoY.
- Q2 2026 total revenue slightly increased to $30.78M from $30.67M YoY.
- Six months 2026 net income attributable to Silvercrest was $407K, down from $4,387K YoY.
- Cash and cash equivalents decreased to $20.74M as of June 30, 2026, from $44.07M.
- Net cash used in operating activities for six months was $(16.73)M, up from $(10.87)M YoY.
- Total assets as of June 30, 2026, were $139.95M, down from $166.61M.
Price Impact
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