Filing Flows › Silvercrest Asset Management Group (SAMG) › Q1 2026
Silvercrest Asset Management Group (SAMG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Silvercrest Asset Management Group (SAMG) reported revenue of $31.4M for the first quarter 2026 (Q1 2026), 0% from a year earlier and -2% from the quarter before. Operating margin was 4.0%, net earnings $237K (0.8% of revenue).
Silvercrest Asset Management Group, Q1 2026: revenue $31.4M (0% year over year), operating margin 4.0%, net earnings $237K, operating cash flow −$30.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.4M | -2% | 0% |
| Operating profit | $1.3M | — | -74% |
| Net earnings | $237K | — | -90% |
| Operating cash flow | −$30.7M | -307% | — |
What changed
Revenue was $31.4M in Q1 2026, roughly flat 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 $17K year over year (roughly flat), 121% of the total change.
Operating profit was $1.3M, a 4.0% margin (down 11.4 points year over year). Operating profit fell $3.6M even though revenue rose $14K versus Q1 2025, so costs grew faster than sales. Total costs grew 14% against flat revenue. The fastest-growing cost line was General & admin (+17%). Net earnings were $237K, down 90% year over year. The effective tax rate was 49.2%.
Operating cash flow was −$30.7M. Non-cash charges added back $1.1M of depreciation and amortization and $515K of share-based compensation. Working capital and other items used $32.9M. Capital expenditures of $583K exceeded it, leaving free cash flow of −$31.3M.
Questions
What was Silvercrest Asset Management Group's revenue in the first quarter 2026?
Silvercrest Asset Management Group (SAMG) reported revenue of $31.4M for the first quarter 2026 (Q1 2026), 0% from a year earlier and -2% from the quarter before.
Was Silvercrest Asset Management Group profitable in the first quarter 2026?
Operating profit was $1.3M (4.0% of revenue) and net earnings $237K.
Source: Silvercrest Asset Management Group 10-Q on SEC EDGAR.