Filing Flows › Silvercrest Asset Management Group (SAMG) › Q3 2025
Silvercrest Asset Management Group (SAMG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Silvercrest Asset Management Group (SAMG) reported revenue of $31.3M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +2% from the quarter before. Operating margin was 4.3%, net earnings $618K (2.0% of revenue).
Silvercrest Asset Management Group, Q3 2025: revenue $31.3M (+3% year over year), operating margin 4.3%, net earnings $618K, operating cash flow $14.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.3M | +2% | +3% |
| Operating profit | $1.3M | -67% | -70% |
| Net earnings | $618K | -68% | -73% |
| Operating cash flow | $14.6M | +5% | +10% |
| Free cash flow | $13.8M | +3% | +7% |
What changed
Revenue was $31.3M in Q3 2025, up 3% year over year and up 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 $687K year over year (up 2%), 79% of the total change.
Operating profit was $1.3M, a 4.3% margin (down 10.4 points year over year). Operating profit fell $3.1M even though revenue rose $871K versus a year earlier, so costs grew faster than sales. Total costs grew 15% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $618K, down 73% year over year. The effective tax rate was 26.4%.
Operating cash flow was $14.6M (up 10% year over year), 1341% of net income including minority interests. Non-cash charges added back $1.1M of depreciation and amortization and $353K of share-based compensation. Working capital and other items added $12.1M. Capital expenditures of $809K left free cash flow of $13.8M.
Questions
What was Silvercrest Asset Management Group's revenue in the third quarter 2025?
Silvercrest Asset Management Group (SAMG) reported revenue of $31.3M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +2% from the quarter before.
Was Silvercrest Asset Management Group profitable in the third quarter 2025?
Operating profit was $1.3M (4.3% of revenue) and net earnings $618K.
Source: Silvercrest Asset Management Group 10-Q on SEC EDGAR.