SAMG
Silvercrest Asset Management Group Inc.15.35
+0.07+0.46%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
129.56MP/E (TTM)
21.32Basic EPS (TTM)
0.72Dividend Yield
0.05%Recent Filings
8-K
Record AUM amid earnings dip
Silvercrest Asset Management Group reported Q3 2025 results, with total AUM hitting a record $37.6 billion, up 7.1% year-over-year, driven by $2.3 billion in market appreciation despite net outflows. Discretionary AUM rose 8% to $24.3 billion, fueled by $564 million in new client accounts through nine months, yet revenue grew modestly 2.9% to $31.3 million as expenses climbed 15.4% from growth investments. Earnings dipped to $0.07 per share. Investments pay off long-term.
10-Q
Q3 FY2025 results
Silvercrest's Q3 revenue climbed 2.9% year-over-year to $31.3M, fueled by 7.1% AUM growth to $37.6B from market gains, though net client outflows tempered the rise; quarterly, revenue edged up 1.5% from Q2's $30.8M (derived). Expenses surged 15.4% to $30.0M, driven by higher compensation, squeezing operating income to $1.3M from $4.5M last year. Diluted EPS dipped to $0.07, aligning with 8.4M shares. Cash stood at $36.1M with $20M revolver availability and no debt; free cash flow not disclosed in the 10-Q. Share repurchases totaled $4.6M in Q3. Yet competition in wealth management lingers as a key risk.
10-Q
Q2 FY2025 results
Silvercrest's Q2 revenue dipped 1.0% y/y to $30.7M, with management fees down 1.3% y/y to $29.5M amid a slight drop in average fee rates, yet assets under management climbed 9.9% y/y to $36.7B on market gains. Expenses rose 3.7% y/y to $26.6M, driven by higher salaries and professional fees, squeezing operating income 23.9% y/y to $4.0M (derived) and net income 28.1% y/y to $3.1M, with diluted EPS at $0.21 versus $0.28 y/y—reconciling cleanly to 9.1M weighted shares. Cash fell to $30.0M after $19.1M in share repurchases under the new $25M program, while free cash flow stayed negative at -$11.7M (derived from -$10.9M operating cash and $0.9M capex); no debt outstanding, full revolver availability. Share buybacks signal confidence. Yet client outflows persist as a drag.
8-K
Record AUM amid outflows
Silvercrest Asset Management Group reported Q2 2025 results with total AUM hitting a record $36.7 billion, up 9.9% year-over-year, driven by $2.8 billion in market appreciation despite net outflows of $0.4 billion. Revenue dipped 1.0% to $30.7 million amid a lower fee rate, while expenses rose 3.7% to $26.6 million, yielding net income of $3.1 million and Adjusted EBITDA of $5.7 million. The board hiked the quarterly dividend 5% to $0.21 per share, payable September 19. AUM growth signals revenue upside, yet outflows pressure margins.
8-K
Q2 earnings call scheduled
Silvercrest Asset Management Group Inc. announced on July 25, 2025, a teleconference for August 1, 2025, at 8:30 am ET to review Q2 financial results ended June 30, 2025. CEO Richard R. Hough III and CFO Scott A. Gerard will lead the discussion, with a Q&A for analysts and investors. The earnings release precedes U.S. market open. Assets under management stood at $35.3 billion as of March 31, 2025.
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