Investment Thesis
AlTi Global exhibits severe financial distress with negative profitability (-63.9% net margin), massive operating losses (-$62.5M), and deteriorating cash generation (-$50.9M FCF). The company's liquidity position is critically weak (0.01x current ratio) with only $35.8M cash against $1.2B in assets, and negative operating cash flow indicates the business is burning cash while generating losses.
ALTI Strengths
- Substantial asset base of $1.2B provides some resource buffer
- Manageable long-term debt of only $586K reduces refinancing risk
- Modest insider activity (8 Form 4 filings in 90 days) suggests some management engagement
ALTI Risks
- Critical liquidity crisis: 0.01x current ratio indicates inability to meet short-term obligations
- Persistent unprofitability: -63.9% net margin with negative $106.6M net income and worsening trends (-50.1M operating cash flow)
- Unsustainable cash burn: -$50.9M free cash flow while revenue declined 16.2% YoY indicates accelerating business deterioration
- Negative returns across all dimensions: -17.6% ROE and -9.2% ROA show capital is being destroyed
- Revenue contraction during losses severely limits recovery pathway
Key Metrics to Watch
- Operating cash flow trajectory - must return to positive to validate turnaround
- Revenue stabilization - 16.2% YoY decline must reverse
- Cash position depletion rate - currently $35.8M may be exhausted rapidly at -$50M annual burn
- Path to operating profitability - company needs to demonstrate cost structure realignment
ALTI Financial Metrics
ALTI Profitability Ratios
ALTI Balance Sheet & Liquidity
ALTI 5-Year Financial Trend
5-Year Trend Summary: AlTi Global, Inc.'s revenue has remained relatively flat over the 5-year period, with a 2% decline. The most recent EPS of $-839.87 indicates the company is currently unprofitable.
ALTI Growth Metrics (YoY)
ALTI Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $51.8M | -$49.3M | N/A |
| Q2 2025 | $49.5M | -$6.4M | $0.00 |
| Q1 2025 | $50.8M | $1.9M | $-0.04 |
| Q3 2024 | $48.2M | -$45.3M | $-0.84 |
| Q2 2024 | $49.5M | -$6.0M | $0.00 |
| Q1 2024 | $50.8M | $29.3M | $0.18 |
| Q3 2023 | $18.6M | -$674.0K | $-1.40 |
| Q2 2023 | $18.9M | $965.0K | $0.26 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
ALTI Capital Allocation
ALTI SEC Filings
Access official SEC EDGAR filings for AlTi Global, Inc. (CIK: 0001838615)