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what it is
AlTi helps rich families and institutions manage investments, trusts, and financial admin across the U.S., U.K., and other markets.
how it gets paid
Last year Alti Global made $207M in revenue. Discretionary investment management was the main engine at $73M, or 35% of sales.
what just happened
The key takeaway is simple: AlTi produced $167M in the latest quarter and still reported a loss of -$0.37 per share.
At a glance
B balance sheet — gets the job done, barely
1.5% return on capital — nothing to write home about
-$1.59 fy2024 eps est
$207M fy2024 rev est
42.0% operating margin
xvary composite: 55/100 — below average
What they do
AlTi helps rich families and institutions manage investments, trusts, and financial admin across the U.S., U.K., and other markets.
If one firm handles your portfolio, trust structure, and admin work, leaving gets messy fast. AlTi has 430 employees doing investment management, trust services, and entity administration under one roof. That bundle is switching costs (hard to leave without hassle) → client stickiness → your revenue base can hold up better than a one-product advisor.
How they make money
$207M
annual revenue
Discretionary investment management
$73M
Non-discretionary investment advisory
$41M
Investment management and advisory
$52M
Trust and administration services
$31M
Specialty administration
$10M
The products that matter
advises wealthy clients
Wealth Management
$166M revenue · $89B client assets
it's the core business: $166M of the company's $207M annual revenue is tied to advising on $89B in client assets. that's scale, but not yet the kind that drops much to the bottom line.
80% of revenue
institutional investment oversight
outsourced cio
$41M revenue
this sits inside the smaller asset management bucket, which generated $41M. it matters because institutional mandates tend to last longer than a single advisory conversation.
20% of revenue
private markets access
Alternative Investments
no breakout disclosed here
management talks about alternatives as part of the pitch, but this page has no separate revenue number for it. when a segment matters to your thesis, you want the number too.
data thin
Key numbers
42.0%
operating margin
Operating margin → profit after running the business → so what: AlTi is still losing money on the core operation.
$207M
annual revenue
This tells you AlTi is not tiny on sales. The problem is that $207M still did not produce operating profit.
1.5%
return on capital
Return on capital → how well management turns investment into profit → so what: 1.5% is weak.
$63M
long-term debt
Debt equals 10% of capital, which is manageable. The balance sheet is not the main villain here.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 2 — safer than 80% of stocks
- price stability 10 / 100
- long-term debt $63M (10% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for ALTI right now.
source: institutional data · return history unavailable
What just happened
missed estimates
The key takeaway is simple: AlTi produced $167M in the latest quarter and still reported a loss of -$0.37 per share.
Revenue jumped 191% vs. prior year in the latest quarter, but profitability did not follow. Quiet part out loud: growth is showing up in sales before it shows up in earnings.
$167M
revenue
-$0.37
eps
42.0%
operating margin
the number that mattered
$167M matters because it proves demand is there, but the -42.0% operating margin says the business model still is not working at the bottom line.
source: company filings and quarterly data, 2026
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What could go wrong
the #1 risk is failing to turn $89B of client assets into profitable fee revenue.
high
persistent unprofitability
A -70.7% net margin on $222M of trailing revenue is not noise. It means the business still loses money at a scale that can overpower the rest of the pitch.
If losses stay this deep, the market stops caring how large the client asset base sounds.
med
cost-cut execution
Management is targeting $20M in annual savings from restructuring. Against $35.9M of cash and roughly $63M of long-term debt, you do not want those savings showing up late.
If the cuts miss, liquidity goes from background issue to main character.
med
reporting delay and thin sponsorship
The delayed 10-K already asks investors for patience. Add 3.57% institutional ownership, and you have a stock with limited outside sponsorship while management asks you to believe the repair story.
Thin sponsorship can leave the stock without much support when confidence slips.
A business with $35.9M in cash, roughly $63M of long-term debt, and a -70.7% net margin does not get infinite time to fix itself.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q4 2025 & FY 2025 results
The next confirmed earnings release is March 12, 2026. You want to see whether the $20M savings target shows up in reported margins, not just better narration.
margin
net margin off the floor
The catch is simple: a -70.7% net margin makes every other positive datapoint work harder. If that number does not move up, the rest of the case stays cosmetic.
filing
delayed 10-K annual report
The company filed for an extension through Form 12b-25. You want the full filing because thin stories get thinner when the annual report arrives late.
revenue mix
wealth management versus total company trend
Wealth management grew 7% while total revenue fell 17.5% from last year. If that gap stays wide, the healthier business is still too small to carry the rest.
Analyst rankings
coverage
thin
in human-speak, there is no broad Wall Street scorecard on this page. you need the operating numbers to do the convincing.
what to use instead
3
watch three numbers instead: $20M of planned savings, -70.7% net margin, and $35.9M of cash. for this stock, those matter more than a missing rank badge.
source: institutional data
Institutional activity
institutional ownership data for ALTI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$5
current price
n/a
target midpoint · n/a from current
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