AlTi Global SEC Filings

AlTi Global reported a mixed quarter driven by continued asset growth but material operating and net losses. Revenue for the three months ended June 30, 2025 totaled $53,127 (in thousands), up from $49,453 a year earlier, led by management and advisory fees. The company reported a quarterly net loss of $30,043 and a six‑month net loss of $32,925, driven by rising compensation, professional fees and higher operating expenses that produced an operating loss of $30,147 for the quarter and $43,636 for six months. Cash and cash equivalents declined to $42,414 from $65,494 at December 31, 2024.

On the balance sheet, total assets were $1,242,771 with intangible assets and goodwill of $480,726 and $386,878, respectively. AlTi manages or advises approximately $97.2 billion in combined assets as of June 30, 2025, with the Wealth & Capital Solutions segment reporting $87.8 billion in AUA (up from $67.3 billion). The company completed strategic financings with Allianz and Constellation (Series A and Series C preferred stock issuances and associated warrants), which provide capital but carry cumulative dividend terms. Management approved an orderly wind‑down plan for the International Real Estate businesses on July 11, 2025 (see subsequent events).

AlTi Global, Inc. (NASDAQ: ALTI) filed an 8-K disclosing that its Board has approved an orderly wind-down of the Company’s non-core International Real Estate (IRE) business. The process will start on or about 11 July 2025 and is expected to be substantially completed by December 2027. Management reached this decision after a comprehensive strategic review of alternatives, signaling a refocus on AlTi’s core wealth management and alternative investment activities.

Because the plan was only just approved, the Company cannot yet determine the size or timing of any related restructuring costs, severance, contract termination fees, or non-cash impairment charges. AlTi pledges to amend the filing within four business days once it can provide a credible estimate or range. Until then, investors lack clarity on the potential earnings drag and cash requirements associated with the exit.

The disclosure triggers two reportable events under Regulation S-K: Item 2.05 (Costs Associated with Exit or Disposal Activities) and Item 2.06 (Material Impairment). No other financial statements or exhibits were provided, and no immediate changes to the Company’s core operations were announced.

Investment view: Strategically, winding down a non-core segment could streamline operations and improve long-term margins. However, the multi-year horizon and absence of cost guidance introduce uncertainty that may pressure valuation multiples until clearer figures emerge.