Filing Flows › Silvercrest Asset Management Group (SAMG) › Q1 2025
Silvercrest Asset Management Group (SAMG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Silvercrest Asset Management Group (SAMG) reported revenue of $31.4M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -2% from the quarter before. Operating margin was 15.4%, net earnings $2.5M (7.9% of revenue).
Silvercrest Asset Management Group, Q1 2025: revenue $31.4M (+4% year over year), operating margin 15.4%, net earnings $2.5M, operating cash flow −$24.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.4M | -2% | +4% |
| Operating profit | $4.8M | +147% | -18% |
| Net earnings | $2.5M | +53% | -18% |
| Operating cash flow | −$24.7M | — | — |
What changed
Revenue was $31.4M in Q1 2025, up 4% year over year and down 2% from the previous quarter. Investment Advisory Management and Administrative Service was the largest line at 96% of revenue. Investment Advisory Management and Administrative Service added $1.1M year over year (up 4%), 98% of the total change.
Operating profit was $4.8M, a 15.4% margin (down 4.1 points year over year). Operating profit fell $1.1M even though revenue rose $1.1M versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 4%. The fastest-growing cost line was General & admin (+15%). Net earnings were $2.5M, down 18% year over year. The effective tax rate was 23.0%.
Operating cash flow was −$24.7M. Non-cash charges added back $1.0M of depreciation and amortization and $454K of share-based compensation. Working capital and other items used $30.1M. Capital expenditures of $402K exceeded it, leaving free cash flow of −$25.1M.
Questions
What was Silvercrest Asset Management Group's revenue in the first quarter 2025?
Silvercrest Asset Management Group (SAMG) reported revenue of $31.4M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -2% from the quarter before.
Was Silvercrest Asset Management Group profitable in the first quarter 2025?
Operating profit was $4.8M (15.4% of revenue) and net earnings $2.5M.
Source: Silvercrest Asset Management Group 10-Q on SEC EDGAR.