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Dec 31, 2024
Silvercrest Q4 2024 Earnings Report
Silvercrest reported strong revenue growth and increased AUM in Q4 2024, with improved profitability and organic client inflows.
Key Takeaways
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.
Revenue increased by 12.0% year-over-year to $32.0 million.
Net income improved to $2.7 million, reversing a loss of $0.6 million in Q4 2023.
Adjusted EBITDA surged to $5.1 million, compared to $2.6 million last year.
Total AUM reached $36.5 billion, supported by strong discretionary inflows.
Silvercrest
Silvercrest
Forward Guidance
Silvercrest expects continued growth in assets under management driven by strong client inflows and market expansion. The company aims to strengthen its institutional presence and expand into international markets.
Positive Outlook
- Total AUM increased by 9.6% year-over-year to $36.5 billion.
- Discretionary AUM grew by 6.4% to $23.3 billion, boosting revenue potential.
- Adjusted EBITDA margin improved to 15.9%, indicating operational efficiency.
- Strong net client inflows of $1.4 billion in Q4 2024.
- Strategic investments in new markets, including Singapore and Europe.
Challenges Ahead
- General and administrative expenses increased by 18.5% year-over-year.
- Non-discretionary AUM growth was lower than discretionary AUM growth.
- Higher marketing and operational costs impacting short-term profitability.
- Potential economic uncertainties affecting client investment decisions.
- Increased competition in the asset management sector.