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AlTi Global (ALTI) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 13, 2025

AlTi Global (ALTI) reported revenue of $57.2M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +9% from the quarter before. Operating margin was -49.8%, net loss $107M (186.9% of revenue).

Revenue$57.2M
Year over year+10%
Quarter over quarter+9%
Operating margin-49.8%
Net earnings−$107M

AlTi Global, Q3 2025: revenue $57.2M (+10% year over year), operating margin -49.8%, net loss $107M, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$57.2M+9%+10%
Operating profit−$28.5M——
Net earnings−$107M——
Operating cash flow−$3.0M——

What changed

Revenue was $57.2M in Q3 2025, up 10% year over year and up 9% from the previous quarter. Management/advisory fees was the largest line at 90% of revenue. Management/advisory fees added $3.6M year over year (up 7%), 66% of the total change. Other fees/income declined 28%.

Operating costs exceeded revenue by $28.5M, an operating margin of -49.8%. Total costs grew 40% against revenue growth of 10%. The fastest-growing cost line was General & admin (+852%). The quarter ended with a net loss of $107.0M, wider than the previous quarter's $30.0M loss. Minority interests bore $22.8M of it: to shareholders the quarter was a loss of $84.1M.

Operating cash flow was −$3.0M. Non-cash charges added back $4.7M of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items added $92.1M.

Questions

What was AlTi Global's revenue in the third quarter 2025?

AlTi Global (ALTI) reported revenue of $57.2M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +9% from the quarter before.

Was AlTi Global profitable in the third quarter 2025?

Operating loss was $28.5M (-49.8% of revenue) and net loss $107M.

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Source: AlTi Global 10-Q on SEC EDGAR.