AlTi Global Financials
This page shows AlTi Global (ALTI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
AlTi Global has an operating margin of -37.3%, meaning the company retains $-37 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -42.0% the prior year.
AlTi Global's revenue declined 4.1% year-over-year, from $206.9M to $198.4M. This contraction results in a growth score of 26/100.
AlTi Global carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
While AlTi Global generated -$51.4M in operating cash flow, capex of $806K consumed most of it, leaving -$52.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
AlTi Global generates a -20.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -15.7% the prior year.
AlTi Global passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, AlTi Global generates $0.43 in operating cash flow (-$51.4M OCF vs -$119.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
AlTi Global earns $-213.1 in operating income for every $1 of interest expense (-$73.9M vs $347K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
AlTi Global generated $198.4M in revenue in fiscal year 2025. This represents a decrease of 4.1% from the prior year.
AlTi Global's EBITDA was -$55.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.2% from the prior year.
AlTi Global reported -$119.7M in net income in fiscal year 2025. This represents a decrease of 16.2% from the prior year.
AlTi Global earned $-1.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 22.6% from the prior year.
Cash & Balance Sheet
AlTi Global generated -$52.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 10.5% from the prior year.
AlTi Global held $41.2M in cash against $883K in long-term debt as of fiscal year 2025.
AlTi Global had 107M shares outstanding in fiscal year 2025.
Margins & Returns
AlTi Global's operating margin was -37.3% in fiscal year 2025, reflecting core business profitability. This is up 4.7 percentage points from the prior year.
AlTi Global's net profit margin was -60.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 10.5 percentage points from the prior year.
AlTi Global's ROE was -20.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the prior year.
Capital Allocation
AlTi Global spent $4.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
AlTi Global invested $806K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 89.6% from the prior year.
ALTI Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.2M+7.7% | $53.1M-8.3% | $58.0M+5.7% | $54.9M+5.9% | $51.8M+4.8% | $49.5M-2.7% | $50.8M-43.2% | $89.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $18.2M+273.6% | $4.9M+64.4% | $3.0M-69.2% | $9.6M+402.9% | $1.9M-30.3% | $2.7M+35.6% | $2.0M-75.0% | $8.1M |
| Operating Income | -$28.5M+5.5% | -$30.1M-123.5% | -$13.5M+71.7% | -$47.7M-401.6% | -$9.5M+36.4% | -$15.0M-2.0% | -$14.7M+17.1% | -$17.7M |
| Interest Expense | $126K+6200.0% | $2K-98.7% | $151K-97.9% | $7.3M+40.1% | $5.2M+6.9% | $4.9M+0.2% | $4.8M+15.2% | $4.2M |
| Income Tax | $30.1M+738.9% | -$4.7M-192.1% | -$1.6M+85.7% | -$11.3M-18.7% | -$9.5M-1154.5% | -$756K-308.3% | $363K-82.2% | $2.0M |
| Net Income | -$84.1M-245.4% | -$24.4M-1375.5% | $1.9M+103.6% | -$53.8M+25.9% | -$72.5M-1032.9% | -$6.4M-121.6% | $29.7M+159.5% | -$49.9M |
| EPS (Diluted) | $-0.69-109.1% | $-0.33-725.0% | $-0.04 | N/A | $-0.88-388.9% | $-0.18-200.0% | $0.18 | N/A |
ALTI Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B-7.1% | $1.2B+2.5% | $1.2B-3.4% | $1.3B-10.7% | $1.4B+6.3% | $1.3B+1.8% | $1.3B+2.7% | $1.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $35.8M-15.5% | $42.4M-19.7% | $52.8M-18.0% | $64.4M-70.8% | $220.6M+267.8% | $60.0M-55.3% | $134.2M+774.6% | $15.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $385.7M-0.3% | $386.9M+1.7% | $380.3M+0.7% | $377.8M-0.5% | $379.8M-13.9% | $441.0M+8.0% | $408.2M+12.8% | $361.8M |
| Total Liabilities | $547.2M-1.8% | $557.4M+1.8% | $547.7M-8.3% | $597.4M-14.5% | $699.1M-10.7% | $782.5M-0.8% | $789.0M-13.7% | $914.2M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $586K-12.9% | $673K | N/A | $0-100.0% | $128.4M-21.7% | $164.0M-10.7% | $183.7M-1.4% | $186.4M |
| Total Equity | $607.2M-11.4% | $685.4M+3.0% | $665.2M+1.0% | $658.4M-6.9% | $707.0M+30.9% | $540.2M+5.7% | $510.9M+45.1% | $352.1M |
| Retained Earnings | -$404.9M-26.2% | -$320.8M-8.1% | -$296.7M-0.1% | -$296.6M-24.2% | -$238.8M-40.3% | -$170.2M-3.7% | -$164.2M+15.2% | -$193.5M |
ALTI Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.4M+82.9% | -$19.9M+33.9% | -$30.2M+11.8% | -$34.2M-217.1% | $29.2M+196.8% | -$30.2M-95.1% | -$15.5M-2094.6% | -$705K |
| Capital Expenditures | $0-100.0% | $24K-96.9% | $782K-59.7% | $1.9M-56.8% | $4.5M+322.7% | $1.1M+406.7% | $210K-41.8% | $361K |
| Free Cash Flow | -$3.4M+82.9% | -$20.0M+35.5% | -$31.0M+14.4% | -$36.1M-246.3% | $24.7M+179.1% | -$31.2M-99.3% | -$15.7M-1371.1% | -$1.1M |
| Investing Cash Flow | N/A | -$6.6M-133.0% | $19.9M+189.6% | -$22.2M+25.5% | -$29.8M+45.4% | -$54.6M-276.4% | $31.0M+5592.9% | -$564K |
| Financing Cash Flow | N/A | $14.8M+623.0% | -$2.8M+97.9% | -$132.5M-168.1% | $194.5M+2292.5% | $8.1M-92.2% | $104.1M+1925.2% | $5.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | $2.8M | N/A | N/A | N/A | $0 | N/A |
ALTI Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -49.8%+7.0pp | -56.8%-33.5pp | -23.3%+63.7pp | -87.0%-68.6pp | -18.4%+11.9pp | -30.2%-1.4pp | -28.9%-9.1pp | -19.8% |
| Net Margin | -147.0%-101.1pp | -45.9%-49.2pp | 3.3%+101.3pp | -98.0%+42.0pp | -140.0%-127.1pp | -13.0%-71.4pp | 58.4%+114.3pp | -55.8% |
| Return on Equity | -13.9%-10.3pp | -3.5%-3.8pp | 0.3%+8.5pp | -8.2%+2.1pp | -10.3%-9.1pp | -1.2%-7.0pp | 5.8%+20.0pp | -14.2% |
| Return on Assets | -7.3%-5.3pp | -2.0%-2.1pp | 0.2%+4.4pp | -4.3%+0.9pp | -5.2%-4.7pp | -0.5%-2.8pp | 2.3%+6.2pp | -3.9% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.000.0 | 0.00-0.8 | 0.82+0.8 | 0.00-0.2 | 0.18-0.1 | 0.30-0.1 | 0.36-0.2 | 0.53 |
| FCF Margin | -6.0%+31.6pp | -37.6%+15.8pp | -53.4%+12.5pp | -65.9%-113.6pp | 47.7%+110.9pp | -63.2%-32.3pp | -30.9%-29.7pp | -1.2% |
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Frequently Asked Questions
What is AlTi Global's annual revenue?
AlTi Global (ALTI) reported $198.4M in total revenue for fiscal year 2025. This represents a -4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is AlTi Global's revenue growing?
AlTi Global (ALTI) revenue declined by 4.1% year-over-year, from $206.9M to $198.4M in fiscal year 2025.
Is AlTi Global profitable?
No, AlTi Global (ALTI) reported a net income of -$119.7M in fiscal year 2025, with a net profit margin of -60.3%.
What is AlTi Global's EBITDA?
AlTi Global (ALTI) had EBITDA of -$55.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does AlTi Global have?
As of fiscal year 2025, AlTi Global (ALTI) had $41.2M in cash and equivalents against $883K in long-term debt.
What is AlTi Global's operating margin?
AlTi Global (ALTI) had an operating margin of -37.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is AlTi Global's net profit margin?
AlTi Global (ALTI) had a net profit margin of -60.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is AlTi Global's return on equity (ROE)?
AlTi Global (ALTI) has a return on equity of -20.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is AlTi Global's free cash flow?
AlTi Global (ALTI) generated -$52.2M in free cash flow during fiscal year 2025. This represents a 10.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is AlTi Global's operating cash flow?
AlTi Global (ALTI) generated -$51.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are AlTi Global's total assets?
AlTi Global (ALTI) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are AlTi Global's capital expenditures?
AlTi Global (ALTI) invested $806K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is AlTi Global's debt-to-equity ratio?
AlTi Global (ALTI) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is AlTi Global's return on assets (ROA)?
AlTi Global (ALTI) had a return on assets of -10.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is AlTi Global's cash runway?
Based on fiscal year 2025 data, AlTi Global (ALTI) had $41.2M in cash against an annual operating cash burn of $51.4M. This gives an estimated cash runway of approximately 10 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is AlTi Global's Piotroski F-Score?
AlTi Global (ALTI) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are AlTi Global's earnings high quality?
AlTi Global (ALTI) has an earnings quality ratio of 0.43x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can AlTi Global cover its interest payments?
AlTi Global (ALTI) has an interest coverage ratio of -213.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is AlTi Global?
AlTi Global (ALTI) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.