Silvercrest Asset Management swings to net loss in Q4

Silvercrest Asset Management

16/03/2026 20:25

Overview

U.S. asset manager's Q4 revenue was flat yr/yr as expenses rose, adjusted EPS declined

Company posted a small net loss for Q4, compared to a profit a year earlier

Silvercrest nearly completed $25 mln share repurchase program, buying back $50.4 mln in shares by the end of 2025

Outlook

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

Silvercrest anticipates regulatory approval for European operations to be completed in Q2

Company says new business pipeline remains robust, especially for Global and International Equity strategies

Result Drivers

CLIENT OUTFLOWS - Net client outflows reduced discretionary AUM, limiting revenue growth despite some market appreciation

HIGHER COMPENSATION - Increased salaries, benefits, and bonus accruals drove compensation expenses higher

STRATEGIC INVESTMENTS - Ongoing investments in talent and international expansion raised costs and weighed on earnings

Company press release: ID:nGNX1rGrYG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$31.96 mln
$31.93 mln (2 Analysts)
Q4 Adjusted EPS
Miss
$0.18
$0.22 (2 Analysts)
Q4 Adjusted Net Income
Miss
$2.29 mln
$2.39 mln (2 Analysts)
Q4 Net Income
-$107,000
Q4 Adjusted EBITDA
Miss
$2.86 mln
$5.38 mln (2 Analysts)
Q4 Adjusted EBITDA Margin
8.90%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 "buy"

Wall Street's median 12-month price target for Silvercrest Asset Management Group Inc is $21.25, about 49.4% above its March 13 closing price of $14.22

The stock recently traded at 11 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.)