Silvercrest Asset Management Group Inc. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
Silvercrest reported Q3 2026 revenue of $32.7M (+4.5% YoY) and nine-month revenue of $94.9M (+1.6% YoY). Discretionary AUM fell to $23.8B (from $24.3B YoY) due to $939M market depreciation in Q3, partially offset by $182M in new organic client accounts. Year-to-date net flows were negative $1.8B. Adjusted net income for nine months was $4.6M ($0.38/share) versus $9.6M ($0.77/share) prior year, driven by elevated compensation (66.3% of revenue YTD) tied to international expansion (Dublin MiFID license obtained, Atlanta and Singapore offices opened). Cash declined from $44.1M to $27.8M; $9M drawn on credit facility.
Why this rating
AUM decline, net outflows, halved YTD earnings vs. prior year material relative to $130M market cap; offset by organic growth, strong pipeline, and strategic infrastructure investments expected to mature and reduce costs.
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