--- title: "AlTi Global | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 73.11 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285989568.md" datetime: "2026-05-11T20:13:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285989568.md) - [en](https://longbridge.com/en/news/285989568.md) - [zh-HK](https://longbridge.com/zh-HK/news/285989568.md) --- # AlTi Global | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 73.11 M Revenue: As of FY2026 Q1, the actual value is USD 73.11 M, beating the estimate of USD 63.8 M. EPS: As of FY2026 Q1, the actual value is USD 0.01. EBIT: As of FY2026 Q1, the actual value is USD -10.99 M. ### Revenue - Consolidated revenues for Q1 2026 were $73 million, an increase of 28% year-over-year . - Total revenue was $73.1 million in Q1 2026, up 28% from $57.1 million in Q1 2025, but down -17% from $88.3 million in Q4 2025 . - Management/advisory fees were $51.9 million in Q1 2026, a 16% increase compared to $44.8 million in Q1 2025, and a -2% decrease from $52.7 million in Q4 2025 . - Incentive fees for Q1 2026 were - $0.1 million, compared to $0.1 million in Q1 2025 and $31.7 million in Q4 2025 . - Distributions from investments were $21.3 million in Q1 2026, marking a 75% increase from $12.2 million in Q1 2025 . ### Operating Expenses - Total operating expenses for Q1 2026 were $83.8 million, an increase of 28% from $65.5 million in Q1 2025, and a -16% decrease from $99.7 million in Q4 2025 . - Normalized operating expenses (excluding non-recurring and non-cash items) were $58 million in Q1 2026, up from $45 million in Q1 2025, but sequentially declined by $19 million from Q4 2025 . - Compensation and employee benefits were $56.3 million in Q1 2026, up 39% from $40.4 million in Q1 2025, and down -13% from $64.4 million in Q4 2025 . ### Profitability - Operating income (loss) for Q1 2026 was - $10.7 million, compared to - $8.4 million in Q1 2025 and - $11.5 million in Q4 2025 . - Other income (loss) was $19.0 million in Q1 2026, an increase of 76% from $10.8 million in Q1 2025, and significantly higher than - $8.3 million in Q4 2025 . - Net income (loss) from continuing operations was $8.4 million in Q1 2026, an increase of 110% from $4.0 million in Q1 2025, and a substantial improvement from - $14.7 million in Q4 2025 . - Adjusted EBITDA was $14.9 million in Q1 2026, representing a 21% increase year-over-year from $12.3 million in Q1 2025, and a 32% sequential improvement from $11.3 million in Q4 2025 . - Adjusted EBITDA margin was 20% in Q1 2026, compared to 22% in Q1 2025 and 13% in Q4 2025 . - Adjusted Net Income was $8.9 million in Q1 2026, compared to $5.2 million in Q1 2025 and $4.9 million in Q4 2025 . ### Assets Under Management (AUM) and Assets Under Advisement (AUA) - Assets under management (AUM) were $48.7 billion as of March 31, 2026, up 9% year-over-year from $44.8 billion in Q1 2025, but down -2% from $49.7 billion in Q4 2025 . This growth was driven by strong portfolio performance and the acquisition of Kontora, despite market-driven depreciation . - Average AUM for Q1 2026 was $47.4 billion, a 10.2% increase from Q1 2025, and a -0.8% decrease from Q4 2025 . - Assets under advisement (AUA) were $90.1 billion as of March 31, 2026 . - AUA at period end was $83.0 billion in Q1 2026, up 37.0% from $60.6 billion in Q1 2025, but down -3.3% from $85.8 billion in Q4 2025 . - Average AUA for Q1 2026 was $84.4 billion, a 39.5% increase from Q1 2025, and a 0.5% increase from Q4 2025 . ### Balance Sheet (as of March 31, 2026) - Cash and cash equivalents: $39,715 thousand . - Total assets: $1,138,216 thousand . - Total liabilities: $255,692 thousand . - Total shareholders’ equity: $882,524 thousand . ### Operational Metrics - AlTi Global, Inc. manages or advises on approximately $93 billion in combined assets . - The company has more than 480 professionals across three continents . - Client retention rate since 2021 is 96% . - The firm has 19 offices across the globe . - Recurring revenues for Q1 2026 accounted for 74% of AUA and AUM . - The average tenure for Wealth Management advisors is 10+ years . - AlTi Global, Inc. has completed 7 acquisitions and integrations globally since 2023 . - The firm has over 25 years of operating history focused on UHNW clients . - Committed to impact strategies, the company has $5 billion . - AlTi Global, Inc. has 830+ UHNW/HNW individuals and families and other clients . - Average AUM per client is approximately $60 million . ### Outlook / Guidance Management’s priority areas include accelerating organic revenue growth and evaluating selective inorganic opportunities in core markets . The company is focused on simplifying its cost structure and achieving economies of scale by leveraging its global platform, including the Lisbon “Center of Excellence” . Initiatives are underway to reduce the cost basis using a zero-based budgeting approach and transform the technology platform to enhance efficiency, productivity, and scalability . ### Related Stocks - [ALTI.US](https://longbridge.com/en/quote/ALTI.US.md) ## Related News & Research - [ESS Tech reschedules Q2 2026 results conference call to Tuesday evening](https://longbridge.com/en/news/295407778.md) - [Can Gold Make a New High in 2026?](https://longbridge.com/en/news/295569739.md) - [CitroTech Provides Q2 2026 Business Update in Letter to Shareholders](https://longbridge.com/en/news/295561956.md) - [Brisanet board okays Q2 2026 interim financial statements](https://longbridge.com/en/news/295590194.md) - [VerifyMe extends merger agreement outside date to Oct. 31, 2026](https://longbridge.com/en/news/295698903.md)