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Alvarium Tiedemann Holdings (ALTI)
NASDAQ:ALTI
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Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
-$0.87Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -11.69%
|Next Earnings Date:Mar 14, 2025
Earnings Call Sentiment|Neutral
AlTi demonstrated strong revenue growth and strategic partnerships, notably with Allianz. The company successfully acquired significant assets, enhancing its market position. However, the financial performance was marred by substantial impairment charges and decreased revenue in the real estate segment, leading to a significant net loss.Company Guidance
In the third quarter of 2024, AlTi made notable advancements in its global wealth management platform, catering to ultra-high net worth clients. The company's assets under management and advisement increased by 13% over the past 12 months, reaching $77 billion, with revenues rising 8% from the previous quarter to $53.3 million. Notably, 97% of these revenues were from recurring fees. AlTi's adjusted EBITDA grew to $9.6 million, up significantly from the same quarter in 2023, with a 62% increase in the Wealth and Capital Solutions segment to $13.4 million. The strategic partnership with Allianz and Constellation Wealth Capital played a crucial role, enabling the firm to leverage a $250 million investment to acquire Envoi and East End Advisors, expanding its presence and capabilities in the U.S. A unique joint venture with Allianz X was also established, aiming at the $1.5 trillion global private debt market, enhancing investment opportunities for clients. Despite a noncash impairment charge of $116.1 million affecting GAAP net income, AlTi's financial position remains strong, with $222 million in cash and $128 million in debt, positioning the company well for future growth.Strong Revenue Growth
AlTi generated revenues of $53.3 million in the third quarter, reflecting an 11% increase compared to the third quarter of 2023 and 8% compared to the previous quarter.
Increased Assets Under Management
Assets under management and advisement grew 13% over the trailing 12-month period to $77 billion.
Successful Acquisitions
The acquisitions of East End Advisors and Envoi added a combined $9 billion in assets, enhancing AlTi's presence and capabilities in key regions.
Strategic Partnership with Allianz
A partnership with Allianz X was established, providing unprecedented private market access and significant cost savings for clients.
Positive Adjusted EBITDA Growth
Consolidated adjusted EBITDA was $9.6 million, up $12.6 million compared to the third quarter of 2023.
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ALTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $4.79 | $4.84 | +1.04% |
| Aug 09, 2024 | $3.81 | $3.77 | -1.05% |
| May 10, 2024 | $4.72 | $4.61 | -2.33% |
| Mar 15, 2024 | $6.32 | $6.57 | +3.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alvarium Tiedemann Holdings (ALTI) report earnings?
Alvarium Tiedemann Holdings (ALTI) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is Alvarium Tiedemann Holdings (ALTI) earnings time?
Alvarium Tiedemann Holdings (ALTI) earnings time is at Mar 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALTI EPS forecast?
ALTI EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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