← AlTi Global, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Net income (loss) from discontinued operations, net of income tax | — | — | ($269.5m) | ($72.1m) | ($31.4m) | — | |
| Net income (loss) from continuing operations | — | — | ($41.7m) | ($102.2m) | ($123.7m) | — | |
| Net Income (Loss) Attributable to Parent | ($1.0m) |
$8.8m
+947.90%
|
($162.6m)
-1952.21%
|
($103.0m)
+36.64%
|
($119.7m)
-16.17%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($802k) |
$7.0m
+975.19%
|
($162.6m)
-2415.27%
|
($126.5m)
+22.17%
|
($155.1m)
-22.54%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($1.0m) | $8.8m | ($305.8m) | ($174.3m) | ($155.1m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($143.2m) | ($71.3m) | — | — | |
| Depreciation, Depletion and Amortization | $2.1m | $2.3m | $17.0m | $14.6m | $18.4m | $18.8m | |
| Amortization of Debt Issuance Costs and Discounts | $0 | $0 | $927k | $6.2m | $0 | — | |
| Amortization of Intangible Assets | — | — | $14.1m | $13.4m | $15.9m | — | |
| Amortization of debt discounts and deferred financing costs | $0 | $0 | $927k | $6.2m | $0 | — | |
| Amortization Cash Flow | $7.7m | $10.7m | — | — | — | — | |
| Amortization Of Intangibles | $7.7m | $10.7m | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | $10.4m | $14.4m | $18.4m | $18.8m | |
| Deferred Income Tax Expense (Benefit) | ($93k) | ($101k) | ($12.4m) | ($24.1m) | $16.7m | $17.2m | |
| Deferred Income Tax | — | — | ($2.2m) | ($23.0m) | $16.7m | $17.2m | |
| Deferred Tax | — | — | ($2.2m) | ($23.0m) | $16.7m | $17.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $4.0m | $0 | — | |
| Share-based Payment Arrangement, Expense | — | — | — | $26.3m | $32.1m | $31.1m | |
| Equity-settled share-based payments | $0 | $0 | $36.7m | $17.5m | $30.3m | — | |
| Equity Method Investment, Other than Temporary Impairment | — | — | $6.6m | $4.1m | — | — | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $206.5m | $116.8m | $35.0m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $153.6m | $69.7m | $0 | $35.0m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $52.9m | $47.1m | $35.6m | — | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | $52.9m | $2.2m | $600k | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $44.9m | $35.0m | — | |
| Impairment loss on goodwill and intangible assets | $0 | $0 | $206.5m | $116.8m | $35.0m | — | |
| Asset Impairment Charge | — | — | $0 | $74.3m | $35.0m | $35.0m | |
| Income (Loss) from Equity Method Investments | ($1.0m) | $8.8m | ($3.0m) | ($1.9m) | ($4k) | — | |
| Other Nonoperating Income (Expense) | ($23k) | $17.6m | ($3.7m) | ($4.9m) | ($2.4m) | — | |
| (Income) loss on equity method investments | $3.0m | ($33k) | $3.0m | $1.9m | $4k | — | |
| Earnings (Loss)es From Equity Investments | — | — | $228k | $198k | $4k | $4k | |
| Changes in operating assets and liabilities: | |||||||
| Change In Working Capital | — | — | ($112.2m) | $29.5m | ($21.0m) | $13.8m | |
| Change In Receivables | — | — | ($34.1m) | $38.8m | ($32.2m) | ($1.0m) | |
| Changes In Account Receivables | — | — | ($34.1m) | $38.8m | ($32.2m) | ($1.0m) | |
| Increase (decrease) in accounts payable and accrued expenses | $2.4m | $2.3m | ($18.8m) | ($1.2m) | ($635k) | ($1.8m) | |
| Change In Payables And Accrued Expense | — | — | $47.4m | ($21.4m) | $20.4m | ($1.8m) | |
| Increase (decrease) in accrued compensation and profit sharing | $6.7m | $2.5m | $32.1m | ($15.8m) | $21.0m | — | |
| Change In Accrued Expense | — | — | $40.3m | ($15.8m) | $21.0m | $18.0m | |
| Increase (Decrease) in Other Operating Assets | ($1.4m) | ($3.0m) | $1.7m | $20.6m | $5.9m | — | |
| (Increase) decrease in other assets | ($1.4m) | ($3.0m) | ($1.7m) | ($20.6m) | ($5.9m) | — | |
| Increase (decrease) in other liabilities | $0 | $3.7m | ($13.6m) | $14.1m | ($5.7m) | — | |
| Other operating activities | $0 | $0 | ($248k) | ($16k) | $0 | — | |
| Change In Other Current Assets | — | — | ($147.4m) | ($10.5m) | ($5.9m) | ($939k) | |
| Change In Other Current Liabilities | — | — | $13.8m | $16.3m | ($5.7m) | ($2.1m) | |
| Net Cash Provided by (Used in) Operating Activities | ($909k) |
($966k)
-6.28%
|
($81.7m)
-8360.65%
|
($50.7m)
+38.01%
|
$426k
+100.84%
|
($15.8m)
-3801.88%
|
|
| Cash flows from investing activities: | |||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | $630k | $7.7m | $806k | ($815k) | |
| Gain (Loss) on Investments | $0 | $22k | ($15.5m) | ($5.4m) | ($5.0m) | ($20k) | |
| Payments to Acquire Investments | $345.0m | $348.9m | — | — | — | ($10.4m) | |
| Unrealized Gain (Loss) on Investments | $0 | ($22k) | ($15.6m) | ($16.5m) | ($5.2m) | ($2.1m) | |
| Realized (gain) loss on investments | — | $0 | $0 | ($11.1m) | ($20k) | — | |
| Purchases of investments | ($1.1m) | ($224k) | ($15.7m) | ($20.4m) | ($10.4m) | — | |
| Sales of investments | $779k | $1.0m | $2.1m | $818k | $188k | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $0 | $1.8m | $0 | ($6.6m) | |
| Net Other Investing Changes | — | — | ($534k) | ($1.8m) | $31.3m | $31.3m | |
| Net cash provided by (used in) investing activities from continuing operations | — | — | ($133.6m) | ($108.0m) | $13.7m | ($6.1m) | |
| Net cash provided by (used in) investing activities from discontinued operations | — | — | $694k | $32.3m | ($1.6m) | ($6.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($345.0m) | $0 | ($132.9m) | ($75.7m) | $13.7m | ($6.1m) | |
| Cash flows from financing activities: | |||||||
| Repayments of Long-term Debt | — | — | $160.5m | $221.1m | $289k | ($1.1m) | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | $73k | $0 | $0 | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $223.5m | $32.3m | $415k | $415k | |
| (Gain) loss from retirement of debt | $0 | $0 | ($73k) | $0 | $0 | — | |
| Forgiveness of debt of notes receivable from members | $0 | $882k | $261k | $212k | $223k | — | |
| Borrowings on term notes and lines of credit | $6.5m | $12.3m | $223.5m | $32.3m | $415k | — | |
| Payments of debt issuance costs | $0 | $0 | ($2.6m) | ($1.5m) | $0 | — | |
| Issuance Of Debt | — | — | $223.5m | $32.3m | $415k | $415k | |
| Long Term Debt Issuance | — | — | $223.5m | $32.3m | $415k | $415k | |
| Long Term Debt Payments | — | — | ($97.8m) | ($221.0m) | ($289k) | ($1.1m) | |
| Net Issuance Payments Of Debt | — | — | $125.7m | ($188.8m) | $126k | ($692k) | |
| Net Long Term Debt Issuance | — | — | $125.7m | ($188.8m) | $126k | ($692k) | |
| Repayment Of Debt | — | — | ($97.8m) | ($221.0m) | ($289k) | ($1.1m) | |
| Payments for Repurchase of Common Stock | — | — | $4.2m | $0 | $0 | — | |
| Proceeds from Issuance of Common Stock | $338.1m | $0 | $0 | $94.7m | $0 | $0 | |
| Repurchase of common stock | — | — | ($4.2m) | $0 | $0 | — | |
| Common Stock Dividend Paid | — | — | ($11.9m) | ($6.8m) | $0 | $0 | |
| Common Stock Issuance | — | — | $0 | $94.7m | $0 | $0 | |
| Common Stock Payments | — | — | ($4.2m) | $0 | $0 | ($2.9m) | |
| Issuance Of Capital Stock | — | — | $0 | $400.0m | $18.5m | $18.5m | |
| Net Common Stock Issuance | — | — | ($4.2m) | $94.7m | $0 | ($2.9m) | |
| Repurchase Of Capital Stock | — | — | ($4.2m) | ($10.5m) | $0 | ($2.9m) | |
| Dividends paid | — | — | $3.4m | $11k | $0 | $0 | |
| Payments of Dividends | — | — | $3.4m | $11k | $0 | $0 | |
| Dividends paid to former owners of AWMS and ALWP | $0 | $0 | ($3.4m) | ($11k) | $0 | $0 | |
| Cash Dividends Paid | — | — | ($11.9m) | ($6.8m) | $0 | $0 | |
| Dividend Received CFO | $4.2m | $4.0m | — | — | — | — | |
| Net Other Financing Charges | — | — | ($16.8m) | ($19.6m) | ($6.6m) | ($6.6m) | |
| Net cash provided by (used in) financing activities from continuing operations | — | — | $98.7m |
$174.3m
+76.68%
|
$12.0m
-93.11%
|
$8.3m
-30.59%
|
|
| Net cash provided by (used in) financing activities from discontinued operations | — | — | ($62.6m) |
($54k)
+99.91%
|
$0
+100.00%
|
$8.3m | |
| Net Cash Provided by (Used in) Financing Activities | $346.5m |
$500k
-99.86%
|
$36.0m
+7103.80%
|
$174.3m
+383.80%
|
$12.0m
-93.11%
|
$8.3m
-30.59%
|
|
| Net increase (decrease) in cash and cash equivalents, including discontinued operations | $551k | ($466k) | ($178.6m) | $47.9m | ($26.9m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($175.8m) | $47.2m | $2.6m | $37.8m | |
| Cash and cash equivalents, including discontinued operations, at beginning of the period | $551k | $86k | $18.2m | $65.5m | $41.2m | — | |
| Beginning Cash Position | — | — | $194.1m | $18.2m | $65.5m | $52.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $18.2m | $65.5m | $41.2m | $37.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $2.8m | ($673k) | $2.6m | $1.9m | |
| Effect of exchange rate changes on cash and cash equivalents, including discontinued operations | — | — | $2.8m | ($673k) | $2.6m | $1.9m | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Supplemental disclosure of cash flow information: | |||||||
| Income Taxes Paid, Net | — | $0 | $0 | ($4.0m) | $2.3m | — | |
| Additional Financial Items | |||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | $600k | $1.5m | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | $2.8m | ($16.5m) | ($4.4m) | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | $0 | $1k | ($15k) | ($20k) | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | $0 | $22k | $2.7m | ($16.5m) | ($4.4m) | — | |
| General and Administrative Expense | — | — | $19.5m | $16.3m | $32.2m | — | |
| Goodwill | — | — | $411.9m | $377.8m | $386.0m | $35.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | ($269.5m) | ($72.1m) | ($88.3m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | ($269.5m) | ($72.1m) | ($123.7m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | ($269.5m) | ($72.1m) | ($31.4m) | — | |
| Income Tax Expense (Benefit) | ($93k) | ($101k) | ($10.5m) | ($21.1m) | $18.6m | — | |
| Interest Expense Nonoperating | — | — | — | $22.1m | $347k | — | |
| Investment Income, Interest | $31k | $5.0m | — | $5.4m | $1.4m | — | |
| Operating Costs and Expenses | $1.0m | $8.9m | — | — | — | — | |
| Operating Expenses | — | — | $345.0m | $293.8m | $328.9m | — | |
| Realized Investment Gains (Losses) | — | — | — | $11.1m | $20k | — | |
| Fair value (gain) loss on TRA | $0 | $0 | $233k | ($3.9m) | ($5.4m) | — | |
| Realized gain (loss) on earn-out payment | — | — | — | $0 | ($2.4m) | — | |
| Fair value (gain) loss on warrant liability | ($3.9m) | ($12.6m) | $12.9m | $0 | $0 | — | |
| Fair value (gain) loss on earnout liability | $0 | $0 | ($31.1m) | ($30.7m) | ($3.3m) | — | |
| Fair value gain (loss) on preferred stock tranche liability | — | $0 | $0 | ($600k) | ($1.5m) | — | |
| Unrealized foreign currency (gains)/losses | $0 | $0 | $587k | $14k | $0 | — | |
| Fair value of interest rate swap | ($178k) | ($276k) | $33k | $0 | $0 | — | |
| (Increase) decrease in fees receivable | ($2.6m) | $1.3m | ($31.1m) | $38.2m | ($32.2m) | — | |
| Cash payment for acquisition of TWMH and TIG historical equity | $0 | $0 | ($100.0m) | $0 | $0 | — | |
| Receipt of payments of notes receivable from members | $0 | $428k | $226k | $286k | $0 | — | |
| Cash payment for delayed share purchase agreement | $0 | ($8.1m) | $0 | ($1.8m) | $0 | — | |
| Payment of payout right | $0 | $0 | ($760k) | $0 | $0 | — | |
| Acquisition of AWMS, net of cash acquired | — | ($8.1m) | $0 | $0 | $0 | — | |
| Acquisition of ALWP, net of cash acquired | $0 | $0 | ($14.4m) | $0 | $0 | — | |
| Acquisition of Kontora, net of cash acquired | $0 | $0 | ($4.4m) | $0 | ($6.6m) | — | |
| Acquisition of EEA, net of cash acquired | — | $0 | $0 | ($69.2m) | $0 | — | |
| Acquisition of PW, net of cash acquired | — | $0 | $0 | ($1.5m) | $0 | — | |
| Acquisition of Envoi | — | $0 | $0 | ($25.3m) | $0 | — | |
| Proceeds from sale of FOS | — | $0 | $0 | $48.9m | $0 | — | |
| Proceeds from Pointwise warehousing transaction | — | — | $0 | $0 | $31.3m | — | |
| Loss on disposal of intangible assets | — | — | $0 | $0 | ($9k) | — | |
| Sale of fixed assets | $0 | $0 | $8k | $144k | $0 | — | |
| Purchases of fixed assets | ($2k) | ($156k) | ($630k) | ($7.7m) | ($806k) | — | |
| Proceeds from issuance of preferred stock and Constellation Warrants | — | $0 | $0 | $300.8m | $18.5m | — | |
| Proceeds from issuance of preferred stock tranche right liability | — | $0 | $0 | $4.5m | $0 | — | |
| Member contribution (distribution) | ($8.6m) | ($9.8m) | ($8.5m) | ($6.8m) | $0 | — | |
| Payments on term notes and lines of credit | ($7.1m) | ($2.8m) | ($160.5m) | ($221.1m) | ($289k) | — | |
| Cash payment for earnout | — | $0 | $0 | ($8.4m) | ($6.3m) | — | |
| Tax payments on behalf of Umbrella partners | — | $0 | $0 | ($424k) | $0 | — | |
| Increase (decrease) in distributions due to former TIG members | $0 | $0 | ($14.2m) | $0 | $0 | — | |
| Cash receipts from exercise of Warrants | $0 | $0 | $5.8m | $0 | $0 | — | |
| Payment of issuance costs | — | $0 | $0 | ($14.8m) | $0 | — | |
| Payment of preferred stock tranche right liability issuance costs | — | $0 | $0 | ($203k) | $0 | — | |
| Cash payment of earn-in liability | — | $0 | $0 | ($754k) | ($315k) | — | |
| Net cash provided by discontinued operations | — | — | $3.0m | ($2.2m) | ($1.2m) | — | |
| Less: Cash and cash equivalents of discontinued operations, at end of the period | — | — | $1.7m | $1.1m | $0 | — | |
| Cash and cash equivalents | $8.0m | $7.1m | $18.2m | $65.5m | $41.2m | $52.8m | |
| Cash and cash equivalents on balance sheet | $551k | $7.1m | $15.3m | $65.5m | $41.2m | — | |
| Cash and cash equivalents included in Assets held for sale | $0 | $0 | $2.9m | $0 | $0 | — | |
| Income taxes | $619k | $606k | $848k | $1.5m | $2.3m | — | |
| Interest payments on term notes and lines of credit | $298k | $622k | $14.1m | $16.7m | $37k | — | |
| Non-cash portion of earn-in liability | — | — | $0 | $0 | $497k | — | |
| Non-cash portion of earn-out | — | — | $0 | $0 | $1.9m | — | |
| Cash Flow From Continuing Financing Activities | — | — | $98.7m | $174.3m | $12.0m | $8.3m | |
| Cash Flow From Continuing Investing Activities | — | — | ($133.6m) | ($108.0m) | $13.7m | ($6.1m) | |
| Cash Flow From Discontinued Operation | — | — | $3.0m | ($2.2m) | ($1.2m) | ($1.5m) | |
| Change In Account Payable | — | — | $7.1m | ($5.7m) | ($635k) | ($1.8m) | |
| Change In Cash Supplemental As Reported | — | — | ($178.6m) | $47.9m | ($26.9m) | — | |
| Change In Other Working Capital | — | — | $8.1m | $6.3m | $2.4m | $1.6m | |
| Change In Payable | — | — | $7.1m | ($5.7m) | ($635k) | ($1.8m) | |
| Changes In Cash | — | — | ($178.6m) | $47.9m | ($26.9m) | ($15.0m) | |
| End Cash Position | — | — | $18.2m | $65.5m | $41.2m | $37.8m | |
| Financing Cash Flow | — | — | $98.7m |
$174.3m
+76.68%
|
$12.0m
-93.11%
|
$8.3m
-30.59%
|
|
| Free Cash Flow | — | — | ($147.0m) | ($23.7m) | ($52.3m) | ($15.8m) | |
| Gain Loss On Investment Securities | — | — | $12.9m | ($11.1m) | ($20k) | ($20k) | |
| Gain Loss On Sale Of Business | $611k | ($5.6m) | — | — | — | — | |
| Interest Paid CFF | ($1.2m) | ($7.1m) | — | — | — | — | |
| Interest Received CFI | $58k | $163k | — | — | — | — | |
| Investing Cash Flow | — | — | ($133.6m) | ($108.0m) | $13.7m | ($6.1m) | |
| Net Business Purchase And Sale | — | — | ($118.8m) | ($79.2m) | ($6.6m) | ($6.6m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | $587k | $14k | $0 | $0 | |
| Net Intangibles Purchase And Sale | — | — | $0 | $0 | ($9k) | $0 | |
| Net Investment Purchase And Sale | — | — | ($14.0m) | ($19.6m) | ($10.3m) | ($10.4m) | |
| Net PPE Purchase And Sale | — | — | ($326k) | ($7.4m) | ($806k) | ($24k) | |
| Net Preferred Stock Issuance | — | — | $0 | $294.8m | $18.5m | $18.5m | |
| Operating Gains Losses | — | — | $14.1m | ($14.6m) | ($5.2m) | ($7.6m) | |
| Other Non Cash Items | — | — | ($30.2m) | ($25.1m) | ($7.2m) | — | |
| Preferred Stock Issuance | — | — | $0 | $305.3m | $18.5m | $18.5m | |
| Preferred Stock Payments | — | — | $0 | ($10.5m) | $0 | $0 | |
| Proceeds From Stock Option Exercised | — | — | $5.8m | $0 | $0 | $0 | |
| Purchase Of Business | — | — | ($118.8m) | ($95.9m) | ($6.6m) | ($6.6m) | |
| Purchase Of Intangibles | — | — | $0 | $0 | ($9k) | $0 | |
| Purchase Of Investment | — | — | ($15.7m) | ($20.4m) | ($10.4m) | ($10.4m) | |
| Purchase Of PPE | — | — | ($334k) | ($7.6m) | ($806k) | ($815k) | |
| Sale Of Business | — | — | $0 | $16.7m | $0 | $0 | |
| Sale Of Investment | — | — | $1.7m | $798k | $188k | $28k | |
| Sale Of PPE | — | — | $8k | $144k | $0 | $0 | |
| Stock Based Compensation | — | — | $19.2m | $17.5m | $30.3m | $31.1m | |
| Unrealized Gain Loss On Investment Securities | — | — | ($4.2m) | $13.1m | $5.2m | ($2.1m) |