Silvercrest

May 04, 2023

•

Mar 31, 2023

Silvercrest Q1 2023 Earnings Report

Silvercrest reported a decrease in revenue and adjusted EBITDA compared to Q1 2022, while AUM increased slightly from the previous quarter.

Key Takeaways

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.

Total AUM reached $29.9 billion, including $21.3 billion in discretionary AUM and $8.6 billion in non-discretionary AUM.

Revenue amounted to $29.4 million, a 12.2% decrease compared to the same quarter last year.

GAAP net income was reported at $5.3 million, with net income attributable to Silvercrest at $3.2 million.

Adjusted EBITDA stood at $8.2 million, with an Adjusted EBITDA Margin of 27.8%.

Total Revenue

$29.4M

Previous year: $33.5M