10-K · March 16, 2026
Silvercrest Asset Management Group Inc. reported a modest increase in total revenue to $125.3 million for the year ending December 31, 2025, up 1.3% from the previous year, driven primarily by management and advisory…
Earnings analysis · 10-Q
SAMG earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
Silvercrest Asset Management Group Inc. reported a Q1 2026 revenue of $31.4 million and diluted EPS of $0.12, both of which fell short of expectations. Despite a slight year-over-year increase in assets under management…
Read full summary
Silvercrest Asset Management Group Inc. reported a Q1 2026 revenue of $31.4 million and diluted EPS of $0.12, both of which fell short of expectations. Despite a slight year-over-year increase in assets under management of 1.1%, the company faces challenges including net client outflows, leading to a significant increase in operating expenses.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.12
- Segment
- Wealth Management
- Segment
- Family Office Services
What stood out
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Revenue Flat Year-Over-Year
Revenue remained flat at $31.4 million, compared to $31.4 million in Q1 2025.
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Substantial EPS Decline
Diluted EPS decreased to $0.12 in Q1 2026 from $0.26 in the same quarter last year.
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Increase in Total Expenses
Total expenses rose by 13.5%, increasing from $26.6 million in Q1 2025 to $30.1 million in Q1 2026.
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AUM Decrease Despite Yearly Growth
Assets under management decreased by 3.5% from the prior quarter to $35.7 billion as of March 31, 2026.
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Cash Position Significantly Reduced
Cash and cash equivalents dropped from $44.1 million at year-end 2025 to $11.6 million by March 31, 2026.
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Free Cash Flow Impact
Free cash flow was negative $30.7 million for Q1 2026, a deterioration from negative $24.7 million in Q1 2025.
What to watch
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Net Client Outflows
Net client outflows totaled $1.7 billion, significantly affecting AUM and revenue.
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Increased Compensation Costs
Compensation and benefits expenses rose by 12.0%, totaling $21.1 million in Q1 2026.
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Dependence on Performance Fees
Performance fees remain a vital income source, impacted by AUM declines and market performance.
Management's outlook
Management anticipates challenges due to ongoing net client outflows and expenses increasing, but exact guidance not provided.
Earlier filings 4
10-Q · October 31, 2025
Silvercrest Asset Management Group Inc. reported Q3 2025 revenues of $31.3 million, a 2.9% increase from Q3 2024, although it fell short of the consensus expectations of $32.3 million. EPS of $0.07 marked a significant…
10-Q · July 31, 2025
Silvercrest Asset Management Group Inc. reported Q2 2025 revenue of $30.67 million and diluted EPS of $0.25, both falling short of consensus estimates by about $0.57 million and $0.05 per share respectively. While total…
10-Q · May 8, 2025
Silvercrest Asset Management Group Inc. reported a Q1 2025 revenue of $31.4 million, reflecting a 3.7% increase from Q1 2024. Despite this growth, the company faced challenges, as diluted EPS fell to $0.26, down from…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.