Silvercrest Earnings Reports

Silvercrest Asset Management reported Q4 2024 revenue of $32.0 million, a 12.0% increase year-over-year. The company achieved a net income of $2.7 million, reversing a net loss of $0.6 million in Q4 2023. Adjusted EBITDA more than doubled to $5.1 million, reflecting improved operational efficiency. Total assets under management (AUM) grew to $36.5 billion, driven by a significant $1.4 billion discretionary client inflow.

Silvercrest Asset Management Group reported an increase in total AUM to $35.1 billion and discretionary AUM to $22.6 billion, driven by supportive markets. Revenue increased to $30.4 million. However, strategic investments in the business led to higher expenses, impacting net income and adjusted EBITDA.

Silvercrest Asset Management Group reported a revenue increase of 4.2% year-over-year, reaching $31.0 million. However, the company's discretionary AUM decreased by $1.1 billion to $21.6 billion due to institutional mandate losses. Despite increased revenue, most business metrics were down due to higher expenses related to investments in future growth, including new hires.

Silvercrest Asset Management Group Inc. reported an increase in total AUM to $34.5 billion and revenue of $30.3 million for Q1 2024. However, net income and adjusted EBITDA decreased due to higher compensation expenses. The company's new business pipeline has more than doubled since Q4 2023, reaching $2.0 billion.

Silvercrest Asset Management Group Inc. reported flat revenue year-over-year for Q4 2023 at $28.5 million. Adjusted EBITDA decreased to $2.6 million, or 9.0% of revenue, and Adjusted Diluted Earnings per Share decreased to $0.07. Total AUM increased to $33.3 billion, driven by market appreciation.

Silvercrest Asset Management Group reported a 2.3% increase in revenue year-over-year for Q3 2023, but experienced a decrease in revenue for the nine months ended September 30, 2023. Total AUM concluded the quarter at $31.2 billion, with Discretionary AUM at $20.5 billion. Higher expenses negatively impacted Adjusted EBITDA and Adjusted EBITDA Margin, but the Adjusted EBITDA Margin remained healthy at 26.9%.

Silvercrest Asset Management Group reported Q2 2023 results with Total AUM at $31.9 billion and Discretionary AUM at $21.5 billion. Revenue was $29.7 million, and net income attributable to Silvercrest was $3.1 million, or $0.33 per basic and diluted share. Adjusted EBITDA was $8.1 million, or 27.3% of revenue, and adjusted diluted earnings per share were $0.34.

Silvercrest Asset Management Group reported a decrease in revenue by 12.2% compared to Q1 2022, which affected Adjusted EBITDA and Adjusted Diluted Earnings per Share. Total AUM concluded the quarter at $29.9 billion, with Discretionary AUM at $21.3 billion, representing a 1.9% increase over Q4 2022.

Silvercrest's Q4 2022 results reflect a decrease in revenue and profitability compared to the previous year, primarily due to market depreciation and client outflows. Despite these challenges, the company experienced an increase in discretionary AUM and new relationships during the quarter.

Silvercrest Asset Management Group reported a decrease in revenue and AUM for Q3 2022 due to volatile market conditions and net client outflows. Despite these challenges, the company maintained a healthy Adjusted EBITDA margin and continued to add relationships and new accounts.

Silvercrest Asset Management Group reported a decrease in revenue and discretionary AUM for Q2 2022 due to volatile market conditions and client tax payments. However, the company increased relationships and new accounts, and its Adjusted EBITDA margin remained healthy.

Silvercrest Asset Management Group Inc. reported a 7.3% increase in revenue to $33.5 million for Q1 2022 compared to Q1 2021. Adjusted EBITDA grew by 6.2% year-over-year to $10.3 million, and adjusted diluted earnings per share increased by 7.1% year-over-year to $0.45. Discretionary AUM increased to $23.8 billion, up 8.7% from Q1 2021.

Silvercrest Asset Management Group Inc. reported Q4 2021 results, featuring a revenue of $33.8 million and adjusted EBITDA of $13.0 million. Discretionary AUM increased by $2.6 billion to $25.1 billion, and total AUM concluded the quarter at $32.3 billion.

Silvercrest Asset Management Group Inc. reported strong Q3 2021 financial results, with revenue reaching $33.5 million and adjusted EBITDA of $10.3 million, representing year-over-year increases of 23.1% and 27.4%, respectively. Discretionary AUM increased by 25.7% year-over-year. The OCIO business now has $1.1 billion in AUM.

Silvercrest Asset Management Group Inc. reported a strong second quarter in 2021, with revenue reaching $33.1 million and Adjusted EBITDA increasing by 56.7% year-over-year to $10.4 million. Discretionary AUM grew by 4.6% during the quarter to $22.9 billion, and total AUM reached $31.0 billion. The company's Adjusted Diluted Earnings Per Share increased by 66.7% year-over-year to $0.45.

Silvercrest Asset Management Group Inc. reported a strong first quarter in 2021, marked by record highs in assets under management (AUM), revenue, and Adjusted EBITDA. Discretionary AUM increased significantly, driving revenue growth. The firm's institutional equity new business opportunities and OCIO offering continue to expand, contributing to an optimistic outlook.

Silvercrest Asset Management Group reported a strong Q4 2020, with revenue increasing to $28.4 million and total AUM reaching $27.8 billion. Discretionary AUM also saw a significant increase, driven by both organic and market growth. Adjusted EBITDA was $7.3 million, and adjusted diluted earnings per share were $0.31.

Silvercrest Asset Management Group reported a slight decrease in revenue for Q3 2020 compared to the same period last year, with a net income of $3.5 million. The firm's discretionary assets under management grew by approximately 4% to $17.9 billion. Despite a decrease in revenue, the company maintained a strong adjusted EBITDA margin.

Silvercrest reported positive results for Q2 2020, with revenue of $24.0 million and adjusted EBITDA of $6.7 million. Total assets under management increased by 16% to $23.8 billion, driven by net organic inflows of $200 million in discretionary assets. The company continues to focus on organic growth and opportunistic capital deployment.

Silvercrest Asset Management Group Inc. reported Q1 2020 results, highlighting increased revenue, net income, and adjusted EBITDA margins compared to the same period last year. The firm's AUM stood at $20.6 billion, a slight decrease from Q1 2019, with market depreciation largely offset by client inflows. The company transitioned its entire business to operate remotely and maintained a strong balance sheet with substantial cash reserves.

Silvercrest Asset Management Group Inc. reported a revenue increase of 12.1% to $27.8 million for Q4 2019. AUM reached $25.1 billion, driven by acquisitions, strong equity markets, and new client accounts. Net income attributable to Silvercrest was $2.4 million, or $0.26 per basic and diluted share. Adjusted EBITDA was $7.3 million, or 26.3% of revenue.