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AlTi Global (ALTI) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · AlTi Global (ALTI) Q2 2026 earnings results →

Q2 2026 Revenue up 11% year over year to $58.0M · 53¢ of every $1 of revenue lost · operating margin -18.7%

AlTi Global made $58.0M in Q2 2026 (+11% Y/Y): Management/advisory fees $54.4M, Distributions from investments $3.4M, Other fees/income $144K. Operating margin -18.7%, net loss $30.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.

Revenue$58.0M
Year over year+11%
Operating margin-18.7%
Net earnings−$30.8M
Operating cash flow−$2.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $58.0M in Q2 2026, up 11% year over year and down 21% from the previous quarter. Management/advisory fees was the largest line at 94% of revenue. Management/advisory fees added $5.2M year over year (up 11%), 92% of the total change. Incentive fees declined 96%.

Operating costs exceeded revenue by $10.9M, an operating margin of -18.7%. Total costs fell 12% while revenue rose 11%. The quarter ended with a net loss of $30.8M, after a profit of $8.4M the previous quarter. Minority interests bore $7.3M of it: to shareholders the quarter was a loss of $23.5M. Net interest and other expense of $19.8M was the main reason.

Operating cash flow was −$2.4M. Non-cash charges added back $4.7M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items added $17.3M. Capital expenditures of $742K exceeded it, leaving free cash flow of −$3.2M.

Quarterly history

AlTi Global revenue by quarterAlTi Global revenue by quarter$51.5MQ4 2024$57.1MQ1 2025$52.4MQ2 2025$57.2MQ3 2025$88.3MQ4 2025$73.1MQ1 2026$58.0MQ2 2026
AlTi Global net earnings by quarterAlTi Global net earnings by quarter−$71.7MQ4 2024−$2.9MQ1 2025−$30.0MQ2 2025−$107MQ3 2025−$15.2MQ4 2025$8.4MQ1 2026−$30.8MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 10, 2026$58.0M+11%-18.7%−$30.8M−$2.4M
Q1 202610-QMay 11, 2026$73.1M+28%-14.6%$8.4M$5.3M
Q4 202510-KMar 31, 2026$88.3M+72%-13.0%−$15.2M$2.1M
Q3 202510-QNov 13, 2025$57.2M+10%-49.8%−$107M−$3.0M
Q2 202510-QAug 11, 2025$52.4M+6%-57.6%−$30.0M−$19.9M
Q1 202510-QMay 12, 2025$57.1M+12%-23.6%−$2.9M−$30.2M
Q4 202410-KMar 17, 2025$51.5M-42%-80.1%−$71.7M−$56K

Charts

AlTi Global: revenue growth, year over year and quarter over quarterAlTi Global: revenue growth, year over year and quarter over quarterY/YQ/Q-42%Q4 2024+12%+11%Q1 2025+6%-8%Q2 2025+10%+9%Q3 2025+72%+54%Q4 2025+28%-17%Q1 2026+11%-21%Q2 2026
Latest (Q2 2026): Y/Y +11%, Q/Q -21%.
AlTi Global: where the cash came from (+) and went (−), TTM to Q2 2026AlTi Global: where the cash came from (+) and went (−), TTM to Q2 2026Cash drawn (+) / kept (−)$11.2MAcquisitions$6.6MOther investing−$6.0MBuybacks−$5.7MNot reconciled−$5.2MNet borrowing (+) / repaid (−)−$3.0MOperating cash flow$2.0MExchange rates$863KCapital spending−$742K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
AlTi Global: profit against cash, quarter by quarterAlTi Global: profit against cash, quarter by quarterNet incomeOperating cash flow−$115M−$4.9MQ3 2024−$71.7M−$56KQ4 2024−$2.9M−$30.2MQ1 2025−$30.0M−$19.9MQ2 2025−$107M−$3.0MQ3 2025−$15.2M$2.1MQ4 2025$8.4M$5.3MQ1 2026−$30.8M−$2.4MQ2 2026
Latest (Q2 2026): Net income −$30.8M, Operating cash flow −$2.4M.
AlTi Global: diluted shares by fiscal yearAlTi Global: diluted shares by fiscal year0MFY20210MFY2022116MFY202380MFY2024100MFY2025
+1435613.5% since FY2021: more shares outstanding (issuance, stock pay).
AlTi Global in its industry: growth against margin (43 companies, SIC 6282)AlTi Global in its industry: growth against margin (43 companies, SIC 6282)revenue growth, year over year →↑ operating marginmedian +8%median 21%KKRAMPAPOBXBENTROWIVZBAMARESAlliancebernstein L.P.TPGEVRLAZOWLSTEPHLIMORNAMGFHIVCTRPJTCGAPAMLCLNHLNEVRTSAAMICNSGCMGOAK-PARPCABXPSRILYSAMGWHGHKHCMLCIHNNAVALUILLRGROWALTI (+11%, -19%)
Investment Advice; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About AlTi Global

AlTi is a global wealth and investment partner to families, foundations and institutions, helping clients activate capital with clarity, bring structure to complexity, and plan with purpose across borders and generations. AlTi combines the breadth of a global firm with the service offering of a family office to deliver solutions designed to meet the full complexity of wealth and capital. We manage or advise approximately $93.1 billion in combined assets as of December 31, 2025. We have approximately 490 professionals operating in 19 cities in 9 countries across three continents as of December 31, 2025.

In its own words, from its 10-K, filed Mar 31, 2026.

AlTi Global against its Investment Advice peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +6%. Operating margin: -18.7% against the peers' median 24.0%.

CompanyQuarterRevenueY/YOp. margin
ALTI AlTi GlobalQ2 2026$58.0M+11%-18.7%
KKR KKRQ2 2026$5.7B+12%24.0%
AMP Ameriprise FinancialQ3 2026$5.2B+6%28.9%
APO Apollo Global ManagementQ3 2026$4.7B-52%-30.9%
BX BlackstoneQ3 2026$3.1B-0.8%46.9%
BEN Franklin TempletonQ4 FY26$2.4B+4%14.6%
TROW Price T Rowe GroupQ3 2026$2.0B+6%38.4%
IVZ InvescoQ3 2026$1.9B+14%23.3%
BAM Brookfield Asset ManagementQ2 2026$1.8B+61%62.4%

Source: AlTi Global 10-Q on SEC EDGAR · CIK 1838615 · Investment Advice

13F: who owns ALTI and who is buying

Largest holders of ALTI (13F)Largest holders of ALTI (13F)Allianz SE$78.4MBlackRock$11.5MVanguard Group$10.1MVanguard Capital Management LLC$7.3MGeode Capital Management, LLC$4.7MState Street$3.1MBlueCrest Capital Management$3.0MAlTi Global$2.8MNorthern Trust$1.4MCharles Schwab Investment Managem…$1.3M
Funds' net buying of ALTI by quarter (13F)Funds' net buying of ALTI by quarter (13F)$72.6M2024-09−$184K2024-12−$417K2025-03$4.7M2025-06$4.8M2025-09−$2.8M2025-12$6.0M2026-03$6.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ALTI

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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