Alvarium Tiedemann Holdings (ALTI)
NASDAQ:ALTI
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Alvarium Tiedemann Holdings
(NASDAQ:ALTI)
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Rating:47Neutral
Price Target:
$3.50
▼(-30.83% Downside)
Action:ReiteratedDate:04/01/26
The score is held down mainly by weak financial performance (persistent losses and negative free cash flow) and bearish technicals (below key moving averages with negative MACD). The latest earnings call provides some offset via improving operating metrics and a defined cost-savings roadmap, but valuation support is limited given the non-meaningful P/E and lack of dividend data.
Positive Factors
Recurring fee base & AUM growth
A large, predictable recurring fee base (~$200M) tied to growing AUM ($50B, +10% YoY) underpins durable revenue resilience. Stable management fees smooth volatility, support reinvestment and margin recovery as scale increases, improving the odds of sustained operating leverage if costs normalize.
Negative Factors
Persistent GAAP losses and cash burn
Sustained GAAP losses and negative operating/free cash flow materially erode shareholder capital and limit internal funding for growth or restructuring. Continued cash consumption increases reliance on the balance sheet or external capital and raises execution risk for multi‑quarter cost initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee base & AUM growth
A large, predictable recurring fee base (~$200M) tied to growing AUM ($50B, +10% YoY) underpins durable revenue resilience. Stable management fees smooth volatility, support reinvestment and margin recovery as scale increases, improving the odds of sustained operating leverage if costs normalize.
Read all positive factors
Alvarium Tiedemann Holdings (ALTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$568.04M
Dividend YieldN/A
Average Volume (3M)157.45K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth24.37%
EPS Growth-24.12%
CountryUS
Employees430
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)-0.20
Shares Outstanding107,438,080
10 Day Avg. Volume98,957
30 Day Avg. Volume157,450
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)0.77
Price to Sales (P/S)1.82
P/FCF Ratio-8.87
Enterprise Value/Market Cap1.17
Enterprise Value/Revenue2.60
Enterprise Value/Gross Profit10.44
Enterprise Value/Ebitda-6.86
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.28
Revenue Forecast (FY)$295.10M
Alvarium Tiedemann Holdings Business Overview & Revenue Model
Company Description
AlTi Global, Inc. provides wealth and asset management services individuals, families, foundations, and institutions in the United States and internationally. The company offers discretionary investment management, non-discretionary investment adv...
How the Company Makes Money
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Alvarium Tiedemann Holdings Earnings Call Summary
Earnings Call Date:Mar 31, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 25, 2026
Earnings Call Sentiment Neutral
The call presents a mixed but constructive picture: strong top-line momentum (29% revenue growth, 10% AUM growth to $50B, rising recurring fees, robust arbitrage performance and expanded institutional/E&F business) alongside meaningful progress on cost discipline (ZBB ~$20M target and exit of noncore assets). However, reported results are clouded by sizable GAAP losses driven by noncash impairments and one-time strategic review/integration costs, higher reported operating expenses, FX headwinds internationally, and near-term uncertainty from a CEO transition and an active strategic review. Management expects 2026 to be a turning point as temporary items roll off and identified savings and efficiencies materialize, but operating leverage is not yet visible in GAAP results.Positive Updates
Strong Revenue Growth
Total revenue of $255 million in 2025, representing 29% year-over-year growth; fourth quarter revenue of $88 million, up 71% sequentially.
Negative Updates
Unclear Intentions from Strategic Shareholder Activity
Allianz filed a 13D; company notes no visibility into Allianz's intentions. Special committee has not received a proposal it believes captures long-term value, leaving strategic outcome uncertain.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Revenue Growth
Total revenue of $255 million in 2025, representing 29% year-over-year growth; fourth quarter revenue of $88 million, up 71% sequentially.
Read all positive updates
Company Guidance
Management said 2026 should mark a turning point as the company realizes benefits from a simplified platform, zero‑based budgeting (ZBB) and winding down legacy contracts — ZBB has identified roughly $20 million of recurring annual gross savings (majority expected by year‑end 2026, with realization spread over ~9 quarters into Q1 2027) and further savings are expected from optimizing occupancy and tech/vendor contracts. Key operating metrics cited in support of that outlook include total AUM of $50.0 billion (up 10% YoY), wealth‑platform AUM up 70% since listing, client retention above 95%, average client relationships exceeding $50 million, an endowment & foundation business >$8 billion, and more than $9 billion of projected billable assets added over the past three years (including nearly $4 billion in 2025). Financials management expects to scale as revenues grow: 2025 total revenue was $255 million (up 29% YoY) with nearly $200 million of recurring management fees (up 9% YoY), Q4 revenue $88 million (Q4 management fees $53 million, up 14% YoY) including a $29 million Q4 incentive fee tied to an arbitrage strategy that returned 11.3% in 2025; adjusted EBITDA was $35 million for the year (45% increase) and $11 million in Q4 (margins 14% FY, 13% Q4), while reported operating expenses were $329 million (up $72 million) with normalized operating expenses of $205 million versus $182 million in 2024 and a 2025 GAAP net loss of $155 million (other loss $31 million, including a $35 million arbitrage impairment in Q3).Alvarium Tiedemann Holdings Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
66
Positive
Cash Flow
28
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 Technical Analysis
Negative
5.06
Price Trends
4.02
Negative
4.26
Negative
4.14
Negative
Market Momentum
-0.04
Negative
48.00
Neutral
34.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALTI, the sentiment is Negative. The current price of 5.06 is above the 20-day moving average (MA) of 3.65, above the 50-day MA of 4.02, and above the 200-day MA of 4.14, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 48.00 is Neutral, neither overbought nor oversold. The STOCH value of 34.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALTI.
Alvarium Tiedemann Holdings Risk Analysis
Alvarium Tiedemann Holdings disclosed 70 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $624.23M | 1.97 | 21.72% | ― | 12.81% | 35.69% | |
72 Outperform | $839.42M | 9.08 | 8.29% | 4.95% | 7.00% | 12.59% | |
72 Outperform | $680.31M | 7.42 | 12.72% | 3.89% | 41.30% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $32.14M | -9.09 | 0.22% | 3.73% | 95.99% | -81.79% | |
53 Neutral | $378.22M | -24.53 | -2.75% | 15.77% | -10.20% | -162.66% | |
47 Neutral | $568.04M | -8.84 | -18.72% | ― | 24.37% | -24.12% |
* Financial Sector Average
ALTI
Alvarium Tiedemann Holdings
3.74
0.44
13.33%
FMNB
Farmers National Banc Oh
14.37
1.77
14.08%
FISI
Financial Institutions
35.00
10.64
43.66%
GROW
US Global Investors
2.58
0.50
23.86%
CION
CION Investment Corp
7.62
-1.00
-11.57%
TCBX
Third Coast Bancshares
38.05
8.32
27.99%
Alvarium Tiedemann Holdings Corporate Events
Business Operations and StrategyExecutive/Board Changes
AlTi Global Announces CEO Transition and Leadership Reshuffle
Positive
Mar 31, 2026
On March 31, 2026, AlTi Global, Inc. announced a leadership transition in which Global Chief Investment Officer Nancy Curtin was appointed Interim Chief Executive Officer and joined the Board of Directors, succeeding founding CEO Michael Tiedemann...
Business Operations and StrategyFinancial Disclosures
AlTi Global Highlights Scalable UHNW Platform in Q4 Update
Positive
Mar 31, 2026
In its fourth-quarter 2025 earnings presentation dated March 31, 2026, AlTi Global outlined a business centered on understanding clients over decades rather than quarters and on aligning investment excellence with client purpose. The company empha...
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.