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Alvarium Tiedemann Holdings
(NASDAQ:ALTI)
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Rating:55Neutral
Price Target:
$4.50
▲(3.69% Upside)
Action:Reiterated
Date:08/06/26
The score is held back most by financial performance—persistent operating losses and negative free cash flow—despite a more manageable leverage profile. Technicals are supportive with an established uptrend, but overbought signals raise short-term risk. The earnings call adds a meaningful positive tilt due to improving adjusted profitability and strong YoY revenue/AUM growth, while valuation remains constrained by negative earnings.
Positive Factors
Recurring fee revenue
A dominant recurring-fee base provides durable, predictable revenue that supports cash generation and planning. As a wealth manager, growing recurring advisory fees reduces revenue volatility versus transaction-driven models, enabling investment in client services and long-term retention strategies.
Negative Factors
Persistent operating losses
Large, persistent operating and net losses undermine equity returns and can erode capital if sustained. Continued unprofitability limits ability to self-fund growth, forces reliance on cost cuts or external financing, and raises execution risk until margins consistently move into positive territory.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee revenue
A dominant recurring-fee base provides durable, predictable revenue that supports cash generation and planning. As a wealth manager, growing recurring advisory fees reduces revenue volatility versus transaction-driven models, enabling investment in client services and long-term retention strategies.
Read all positive factors
Alvarium Tiedemann Holdings (ALTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$545.82M
Dividend YieldN/A
Average Volume (3M)157.45K
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue Growth25.08%
EPS Growth17.71%
CountryUS
Employees490
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)-1.08
Shares Outstanding110,744,070
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)0.27
Revenue Forecast (FY)$297.96M
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:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Positive
The call presented multiple clear positives: strong top-line growth (revenue +28% YoY), AUM expansion (+9% YoY), substantial investment distributions (+75% YoY) and sequential improvement in adjusted EBITDA and margins. However, these gains are partly offset by elevated reported expenses, ongoing strategic-review and restructuring costs, and the need to accelerate organic revenue growth. Management emphasized progress on cost discipline and expects strategic-review costs to subside in the back half of the year, while cautioning that some incentive-related revenue may not be fully repeatable. On balance, the call communicated improving profitability and momentum but with near-term expense drag and execution priorities to sustain organic growth.Positive Updates
Strong Revenue Growth
Total revenue of $73 million in Q1 2026, up 28% year-over-year, driven by recurring fees and investment distributions.
Negative Updates
Elevated Reported Operating Expenses
Reported operating expenses increased by $18 million year-over-year to $84 million (prior year roughly $66 million), driven by higher compensation related to management restructuring, acquisition-related earn-outs, and the Kontora acquisition.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue Growth
Total revenue of $73 million in Q1 2026, up 28% year-over-year, driven by recurring fees and investment distributions.
Read all positive updates
Company Guidance
Management's guidance was that strategic-review and restructuring-related costs will persist through Q2 and may bleed into Q3 but should largely abate in the back half of 2026 when the benefits of cost actions and zero‑based budgeting become visible; they reiterated a priority on materially increasing organic revenue growth and improving profitability by lowering the expense base. Relevant Q1 metrics cited to frame that guidance: AUM $49.0 billion; total revenue $73 million (+28% YoY); recurring management and advisory fees $52 million (+16% YoY); investment distributions $21 million (+75% YoY) including $19 million of incentive income (≈$18 million from Zebedee, which returned 15.3% in 2025); reported operating expenses $84 million (up $18 million YoY) with normalized operating expenses $58 million vs. $45 million in Q1 2025 and down $19 million sequentially; adjusted EBITDA $15 million (+21% YoY; +32% sequential) and adjusted EBITDA margin 20% (vs. 13% prior quarter); GAAP net income from continuing operations $8 million (up $4 million).Alvarium Tiedemann Holdings Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
62
Positive
Cash Flow
30
Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 254.96M | 206.94M | 246.92M | 76.87M | 75.70M |
| Gross Profit | 65.16M | 37.05M | 38.66M | 25.64M | 28.29M |
| EBITDA | -86.34M | -158.74M | -290.21M | -2.71M | 6.75M |
| Net Income | -119.70M | -103.03M | -165.58M | -5.88M | 3.94M |
Balance Sheet | |||||
| Total Assets | 1.18B | 1.26B | 1.27B | 91.99M | 133.84M |
| Cash, Cash Equivalents and Short-Term Investments | 41.16M | 65.49M | 15.35M | 7.13M | 17.50M |
| Total Debt | 61.67M | 63.05M | 242.48M | 31.90M | 14.10M |
| Total Liabilities | 301.66M | 285.64M | 483.80M | 74.14M | 57.85M |
| Stockholders Equity | 600.11M | 658.40M | 352.14M | 17.53M | 75.97M |
Cash Flow | |||||
| Free Cash Flow | -52.25M | -58.37M | -82.34M | 6.70M | 14.04M |
| Operating Cash Flow | -51.44M | -50.65M | -81.71M | 6.86M | 14.45M |
| Investing Cash Flow | 13.68M | -75.69M | -132.95M | -7.23M | -9.75M |
| Financing Cash Flow | 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 | $939.15M | 11.01 | 9.53% | 4.48% | 16.77% | 9.62% | |
72 Outperform | $727.40M | 18.58 | 12.56% | ― | 16.80% | 24.02% | |
69 Neutral | $817.01M | 10.14 | 13.09% | 3.10% | 46.45% | ― | |
68 Neutral | $35.48M | 10.60 | 6.96% | 3.07% | 4.40% | 2518.00% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | $545.82M | -3.32 | -18.14% | ― | 25.08% | 17.71% | |
52 Neutral | $296.74M | -149.00 | -2.62% | 23.83% | -11.90% | 84.61% |
* Financial Sector Average
ALTI
Alvarium Tiedemann Holdings
4.45
-0.11
-2.41%
FMNB
Farmers National Banc Oh
15.69
2.76
21.33%
FISI
Financial Institutions
41.65
17.75
74.26%
GROW
US Global Investors
3.10
0.81
35.37%
CION
CION Investment Corp
7.51
-1.59
-17.48%
TCBX
Third Coast Bancshares
44.31
8.09
22.34%
Alvarium Tiedemann Holdings Corporate Events
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.