AlTi Global (ALTI) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $57.9M, up 1% YoY; recurring management and advisory fees increased 7% to $55.3M.

• Operating expenses fell 25% to $63.9M; adjusted EBITDA was $6.2M, while continuing-operations net loss narrowed to $11.4M from $87.0M.

• Period-end AUM was $51.6B and AUA was $94.5B; client retention was 95% since 2021.

Financial highlights

• Q3 management/advisory fees rose $3.6M YoY to $55.3M; incentive fees fell to $0.03M from $2.4M.

• Operating expenses were $63.9M, down 25% YoY; normalized expenses excluding non-recurring and non-cash items were $52M, and professional fees fell 37%.

• GAAP operating loss was $6.0M versus $28.5M; continuing-operations net loss was $11.4M versus $87.0M.

• Q3 adjusted EBITDA was $6.2M with a 10.8% margin; 9M adjusted EBITDA rose to $26.5M from $23.5M.

• 9M revenue increased to $189.0M from $166.7M; continuing-operations net loss narrowed to $33.8M from $109.0M.

Outlook and guidance

• Zero-based budgeting, technology transformation and Lisbon Center of Excellence scale efficiencies are intended to sustain cost reductions through 2027 and 2028.

• Growth plans include advisor/team lift-outs, deeper office collaboration, targeted client approaches, refined pricing and a private-markets JV.

• Strategic priorities include selective accretive acquisitions, international expansion, product development and simplifying the cost structure.

• Prospect pipeline remains encouraging, though quarterly flows can be uneven as funding may lag contract signing.

• Cash is expected to cover normal operating and liquidity needs over the next 12 months; additional funding may be needed for growth initiatives or delayed receipts.