Thu, May 8, 9:16 PM (41 days ago)
Silvercrest Asset Management Group Inc. (SAMG, Ticker: SAMG) reported a 3.7% increase in total revenue to $31.4 million for Q1 2025, driven by market appreciation. Assets under management (AUM) decreased by 3.3% to $35.3 billion, primarily due to market depreciation. Net income fell by 20% to $3.9 million, with a net income margin of 12.5%. Adjusted EBITDA decreased by 13% to $6.5 million, with an adjusted EBITDA margin of 20.7%. Expenses increased by 9% to $26.6 million, primarily due to higher compensation and benefits. The company remains focused on managing assets and providing family office services, with a strategic emphasis on attracting and retaining clients through performance and service. The outlook includes continued evaluation of liquidity and financial position, with expectations to meet cash requirements through operational cash flow. The company's credit facility remains in compliance, with no outstanding borrowings.