AlTi Global (ALTI) closed out FY 2025 with fourth quarter revenue of US$88.3 million and basic EPS of US$0.08, while trailing twelve month figures show revenue of US$255.0 million and an EPS loss of US$1.23. Over the past reported periods, revenue has ranged from US$50.8 million to US$57.9 million across FY 2024 and early FY 2025 before stepping up to US$88.3 million most recently. Quarterly EPS has shifted between a profit of US$0.36 and a loss of US$0.69. For investors, the latest results highlight expanding revenue alongside still pressured margins, with profitability remaining a central consideration.

See our full analysis for AlTi Global.

With the headline numbers on the table, the next step is to see how this combination of revenue changes and ongoing losses aligns with the main AlTi Global narratives that investors have been following.

US$88.3 million revenue sits on top of US$254.9 million trailing sales

• Fourth quarter revenue of US$88.3 million sits within a trailing twelve month total of US$254.9 million, while trailing net income excluding extra items was a loss of US$88.3 million and Basic EPS over the same period was a loss of US$1.23.
• Analysts' consensus view links this sales base to expected revenue growth of 12.3% per year and projected earnings growth of 127.17% per year,
  • Those growth forecasts sit against five year loss expansion of about 39.9% per year and the latest twelve month net loss of US$88.3 million, so the company is starting from a clearly loss making position.
  • Consensus also expects a shift to profitability within three years, which contrasts with the current Basic EPS loss of US$1.23 over the last year even after the profitable fourth quarter.

Profit in Q4, but five year losses still growing 39.9% annually

• In Q4 FY 2025, net income excluding extra items was a profit of US$8.1 million with Basic EPS of US$0.08, compared with a trailing twelve month net loss excluding extra items of US$88.3 million and a Basic EPS loss of US$1.23.
• Consensus narrative suggests that exiting legacy businesses and focusing on scalable, recurring revenue could support margin expansion,
  • The Q4 profit and higher revenue of US$88.3 million compared with prior periods between US$50.8 million and US$57.9 million fit that story in the short term, as profit appeared alongside higher revenue.
  • At the same time, the five year record of losses increasing around 39.9% per year and the trailing twelve month loss of US$88.3 million show that one profitable quarter has not yet translated into sustained profitability.

P/S of 1.5x vs peers at 2.9x with cash runway under one year

• The company trades on a P/S of 1.5x compared with peer and US Capital Markets industry averages of 2.9x and 3.2x, while having less than one year of cash runway and trailing twelve month net income excluding extra items of a loss of US$88.3 million.
• Bears argue that heavy reliance on cost cutting and integration plans is risky given limited liquidity,
  • Zero based budgeting and targeted US$20 million in annual recurring cost savings are part of the consensus narrative, yet the trailing twelve month loss and short cash runway indicate the company still needs to cover ongoing losses and restructuring efforts.
  • With the stock at US$3.65 versus an analyst price target of US$9.00, skeptics may question whether the gap is justified while the business remains loss making and reliant on less than a year of cash coverage.

On numbers like these, it helps to see how bullish and bearish investors are framing the story around growth, cash runway, and valuation right now 📊 Read the what the Community is saying about AlTi Global..

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for AlTi Global on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

Seeing both risks and rewards laid out can feel mixed, so take a moment to review the numbers yourself and move quickly to shape your own view with the 1 key reward and 1 important warning sign.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.