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Alvarium Tiedemann Holdings
(NASDAQ:ALTI)
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Rating:56Neutral
Price Target:
$4.50
▲(3.69% Upside)
Action:Reiterated
Date:08/11/26
The score is held back primarily by weak financial performance (persistent large losses and limited/volatile free cash flow) and valuation risk tied to negative earnings. These are partly offset by constructive technical momentum and an earnings call indicating improving efficiency, AUM/flow growth, and adjusted EBITDA progress, though one-time losses and strategy unwind create near-term headwinds.
Positive Factors
AUM Growth & Organic Flows
Sustained AUM growth and ~ $700M net inflows indicate durable client acquisition and retention, expanding the recurring fee base. Higher AUM amplifies fee revenue and scale benefits, making organic growth a lasting driver of revenue visibility and fee-margin improvement over 2–6 months.
Negative Factors
Persistent GAAP Net Losses
Large, persistent GAAP losses (net loss from continuing operations $31M in Q2) erode equity and limit strategic flexibility. Until profitability converts sustainably, losses threaten long-term returns and require sustained margin expansion to justify current operating scale.
Read all positive and negative factors
Positive Factors
Negative Factors
AUM Growth & Organic Flows
Sustained AUM growth and ~ $700M net inflows indicate durable client acquisition and retention, expanding the recurring fee base. Higher AUM amplifies fee revenue and scale benefits, making organic growth a lasting driver of revenue visibility and fee-margin improvement over 2–6 months.
Read all positive factors
Alvarium Tiedemann Holdings (ALTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$625.33M
Dividend YieldN/A
Average Volume (3M)157.45K
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue Growth26.10%
EPS Growth29.89%
CountryUS
Employees465
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)-0.99
Shares Outstanding115,069,664
10 Day Avg. Volume98,957
30 Day Avg. Volume157,450
Financial Highlights & Ratios
PEG Ratio0.81
Price to Book (P/B)0.77
Price to Sales (P/S)1.82
P/FCF Ratio-8.87
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.13
Revenue Forecast (FY)$299.29M
Alvarium Tiedemann Holdings Business Overview & Revenue Model
Company Description
AlTi Global, Inc., a New York-headquartered financial services firm, delivers comprehensive wealth and asset management solutions to a global clientele, including individuals, families, foundations, and institutions. The company provides a broad s...
How the Company Makes Money
ALTI primarily makes money by charging fees for managing client assets and providing wealth advisory services. Its key revenue streams generally include: (1) recurring management/advisory fees based on a percentage of assets under management (AUM)...
Alvarium Tiedemann Holdings Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call presented a mix of meaningful operational and top-line progress—AUM growth to $51B, healthy net organic inflows (~$700M), double-digit revenue growth (11% YoY), expense reductions, and positive adjusted EBITDA momentum—while also disclosing a material one-time unrealized loss (~$19M) and expected reduced contributions from an unwinding external manager, which widened net loss. Management emphasized cost-discipline and strategic hires with expectations that efficiency benefits will accelerate in 2027. Overall the positive growth and efficiency trends materially offset the one-time investment loss and incentive-revenue headwind, but the unwind and GAAP net loss remain notable near-term negatives.Positive Updates
Assets Under Management Growth
AUM reached $51 billion on June 30, 2026, up 8% year-over-year and 6% sequentially, driven by strong investment performance and net positive client inflows.
Negative Updates
Unrealized Investment Loss and Manager Unwind
An external Asian Credit & Special Situations manager experienced a founder health event and the manager elected to unwind the fund over a 12-month horizon, prompting an almost $19 million unrealized loss on AlTi's stake in Q2 and expected diminishing future contributions from that strategy.
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Q2-2026 Updates
Positive
Negative
Assets Under Management Growth
AUM reached $51 billion on June 30, 2026, up 8% year-over-year and 6% sequentially, driven by strong investment performance and net positive client inflows.
Read all positive updates
Company Guidance
AlTi reiterated that organic growth and improved operating efficiency are the top priorities and that the benefits of cost controls and vendor rationalization should accelerate in 2027; key metrics cited on the call included AUM of $51 billion (up 8% year‑over‑year, 6% sequentially), Q2 total revenue of $58 million (+11% YoY) with recurring management and advisory fees of $54 million (+11% YoY, +5% sequential), gross client inflows of nearly $800 million and net flows of about $700 million in Q2, distributions from investments +28% YoY, adjusted EBITDA of over $5 million (+9% YoY) with a Q2 adjusted EBITDA margin of 9.3% (versus 9.5% a year ago and 20% in Q1), reported operating expenses of $69 million (down 12% from $78 million), total compensation and benefits of $41 million (down 5% YoY, 26% sequentially), non‑compensation expenses down 20% YoY (professional fees down ~40%), an other expense quarter of $20 million including an unrealized investment loss of nearly $19 million on the Asian Credit fund (which represented ~75 bps of recurring management fees YTD and ~650 bps of the incentive portion of distributions), GAAP operating loss of $11 million (a 58% YoY improvement), and a net loss from continuing operations of $31 million (vs. $26 million prior), while noting the unwinding of the Asian Credit strategy will likely reduce related revenue going forward.Alvarium Tiedemann Holdings Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 277.62M | 254.96M | 206.94M | 246.92M | 76.87M | 75.70M |
| Gross Profit | 147.14M | 65.16M | 37.05M | 38.66M | 25.64M | 28.29M |
| EBITDA | -79.97M | -86.34M | -158.74M | -290.21M | -2.71M | 6.75M |
| Net Income | -113.02M | -119.70M | -103.03M | -165.58M | -5.88M | 3.94M |
Balance Sheet | ||||||
| Total Assets | 1.11B | 1.18B | 1.26B | 1.27B | 91.99M | 133.84M |
| Cash, Cash Equivalents and Short-Term Investments | 31.20M | 41.16M | 65.49M | 15.35M | 7.13M | 17.50M |
| Total Debt | 75.85M | 61.67M | 63.05M | 242.48M | 31.90M | 14.10M |
| Total Liabilities | 238.28M | 301.66M | 285.64M | 483.80M | 74.14M | 57.85M |
| Stockholders Equity | 613.19M | 600.11M | 658.40M | 352.14M | 17.53M | 75.97M |
Cash Flow | ||||||
| Free Cash Flow | -4.22M | -52.25M | -58.37M | -82.34M | 6.70M | 14.04M |
| Operating Cash Flow | -3.48M | -51.44M | -50.65M | -81.71M | 6.86M | 14.45M |
| Investing Cash Flow | -345.00K | 13.68M | -75.69M | -132.95M | -7.23M | -9.75M |
| Financing Cash Flow | 5.69M | 12.00M | 174.26M | 36.02M | -345.00K | -38.75K |
Alvarium Tiedemann Holdings Risk Analysis
Alvarium Tiedemann Holdings disclosed 74 risk factors in its most recent earnings report. Alvarium Tiedemann Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alvarium Tiedemann Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $929.00M | 10.84 | 9.53% | 4.48% | 16.77% | 9.64% | |
72 Outperform | $751.64M | 9.47 | 12.56% | ― | 16.80% | 24.02% | |
68 Neutral | $41.31M | 12.12 | 6.96% | 3.07% | 4.40% | 2518.00% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $807.17M | 9.91 | 13.09% | 3.10% | 46.45% | ― | |
56 Neutral | $625.33M | -3.92 | -18.53% | ― | 26.10% | 29.89% | |
52 Neutral | $363.12M | 27.81 | 1.84% | 23.83% | 3.63% | ― |
* Financial Sector Average
ALTI
Alvarium Tiedemann Holdings
3.90
-0.36
-8.45%
FMNB
Farmers National Banc Oh
15.61
1.13
7.83%
FISI
Financial Institutions
40.52
13.94
52.43%
GROW
US Global Investors
3.27
0.92
38.85%
CION
CION Investment Corp
7.51
-1.52
-16.86%
TCBX
Third Coast Bancshares
44.60
4.81
12.09%
Alvarium Tiedemann Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
AlTi Global Highlights Strength of UHNW Wealth Platform
Positive
Aug 10, 2026
In its second quarter 2026 earnings presentation dated August 10, 2026, AlTi Global highlighted the strength and scale of its UHNW-focused wealth management franchise, noting approximately $96 billion in combined assets under management and adviso...
Business Operations and StrategyExecutive/Board Changes
AlTi Global Announces Planned CFO Succession for Growth
Positive
Jun 25, 2026
On June 25, 2026, AlTi Global announced a planned chief financial officer succession as part of its long-term growth strategy, naming Patrick Keenan as CFO effective July 1, 2026, while current CFO Mike Harrington will retire after completing his ...
Executive/Board ChangesShareholder Meetings
Alvarium Tiedemann Stockholders Back Board, Ratify Auditor
Positive
Jun 18, 2026
On June 17, 2026, Alvarium Tiedemann Holdings held its 2026 Annual Meeting of Stockholders, at which investors elected seven directors to serve until the 2027 Annual Meeting or until their successors are chosen. The voting results showed strong su...
Business Operations and StrategyFinancial Disclosures
AlTi Global Highlights Q1 2026 Results and Strategy
Neutral
May 11, 2026
On May 11, 2026, AlTi Global released its first-quarter 2026 earnings presentation, highlighting a business reshaped around a single operating segment after placing its international real estate business under administration in July 2025 and recas...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.