AlTi Global (ALTI) Q1 2026 earnings summary

Executive summary

• Consolidated revenues reached $73.1 million in Q1 2026, up 28% year-over-year, driven by AUM growth, investment distributions, and the Kontora acquisition.

• Management/advisory fees totaled $52 million, up 16% year-over-year, reflecting a stable, recurring revenue base.

• Adjusted EBITDA was $15 million, up 21% year-over-year and 32% sequentially, with margin improving to 20%.

• Net income from continuing operations was $8 million, up from $4 million in Q1 2025, primarily due to fair value adjustments.

• Strategic focus remains on organic growth, selective inorganic opportunities, and cost structure simplification.

Financial highlights

• Revenue for Q1 2026 was $73.1 million, up 28% year-over-year, with management/advisory fees up 16%.

• Distributions from investments rose 75% year-over-year to $21.3 million.

• Adjusted EBITDA margin improved to 20% from 13% in the prior quarter.

• Net income attributable to shareholders was $7.7 million for Q1 2026.

• Operating expenses increased to $83.8 million, mainly due to higher compensation, acquisition earn-outs, and integration costs.

Outlook and guidance

• Management is focused on accelerating organic revenue growth, pursuing selective M&A, and simplifying the cost structure.

• Initiatives include zero-based budgeting, technology transformation, and leveraging the Lisbon Center of Excellence.

• Strategic investments from Allianz X and Constellation Wealth Capital provide capital for M&A and international expansion.

• Expense reduction and cost structure simplification are near-term priorities, with benefits expected in the second half of 2026.

• Management expects sufficient liquidity for operational and strategic needs over the next 12 months.