AlTi Global Posts 29% Revenue Growth to $255M, AUM Reaches $50B
AlTi Global grew total revenue 29% to $255 million and lifted adjusted EBITDA 45% to $35 million with a 14% margin, while Q4 revenue surged 71% to $88 million, including $29 million in incentive fees. Assets under management hit $50 billion (+10% y/y) as the firm cut non-core real estate and launched zero-based budgeting.
1. Full-Year Financial Results
AlTi Global reported total revenue of $255 million in 2025, a 29% year-over-year increase, and adjusted EBITDA of $35 million, up 45%, representing a 14% margin. The firm recorded a net loss of $155 million largely due to non-cash, non-recurring charges.
2. Assets Under Management and Fees
Assets under management reached $50 billion at year-end, a 10% increase year-over-year alongside 70% growth since listing. Management fees rose 9% to nearly $200 million, while Q4 incentive fees contributed $29 million driven by an 11.3% arbitrage strategy return.
3. Strategic Exits and Cost Savings
The company exited its non-core international real estate business to streamline operations and reduce future costs. A zero-based budgeting process identified approximately $20 million in annual gross savings, most of which are expected to be realized by year-end 2026.
4. Expense Growth and Leadership Transition
Operating expenses climbed by $72 million to $329 million in 2025, driven by higher compensation costs and one-time strategic initiative charges. The board initiated a CEO transition, appointing an interim leader to ensure continuity during the next growth phase.