Silvercrest Asset Management's Q1 revenue flat, earnings fall on higher costs

Silvercrest Asset Management

11/05/2026 21:10

Overview

U.S. investment adviser reported Q1 revenue flat yr/yr, adjusted EPS declined

Company attributed lower earnings to higher compensation and expansion costs

Total AUM grew 1.1% yr/yr but fell 3.5% sequentially on net institutional outflows

Outlook

Company expects compensation ratio to remain elevated as investments mature and contribute to revenue growth

Silvercrest sees robust new business pipeline in Global and International Equity strategies

Firm expects international expansion to support positive flows in 2026 and beyond

Result Drivers

INSTITUTIONAL OUTFLOWS - Co said decrease in discretionary AUM was primarily due to net institutional outflows

HIGHER COMPENSATION COSTS - Co cited increased compensation and benefits from merit-based raises, new hires, and higher bonus accruals as main drivers of expense growth

STRATEGIC INVESTMENTS - Co said ongoing investments in talent, international expansion, and business development raised costs and kept compensation ratio elevated

Company press release: ID:nGNX6jTJgy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$31.41 mln
$31.85 mln (2 Analysts)
Q1 Adjusted EPS
Miss
$0.12
$0.19 (2 Analysts)
Q1 Adjusted Net Income
Miss
$1.48 mln
$2.16 mln (2 Analysts)
Q1 Net Income
$533,000
Q1 Adjusted EBITDA
Miss
$3.71 mln
$4 mln (1 Analyst)
Q1 Adjusted EBITDA Margin
11.80%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "hold."

Wall Street's median 12-month price target for Silvercrest Asset Management Group Inc is $18.50, about 38.8% above its May 8 closing price of $13.33

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)