Silvercrest Asset Management Group Inc.

Listed Company

SAMGCIK 0001549966NasdaqAcceleratedSmaller ReportingInvestment AdviceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$125.32M

Net Income

$4.88M

Total Assets

$166.61M

Equity

$50.27M

Shares Out

—

Op. Cash Flow

$18.61M

Business

Silvercrest Asset Management Group Inc. is a full-service wealth management firm that provides independent investment advisory and comprehensive family office services to ultra-high net worth individuals and institutional investors. It offers proprietary equity and fixed income strategies, outsourced manager selection, hedge fund and fund-of-funds solutions, OCIO services, and customized family office and administrative services such as financial and tax planning, partnership accounting and consolidated reporting. Its key business groups include portfolio management teams, an Investment Policy & Strategy Group, family office services, and institutional client service. The firm operates principally in the United States through direct client relationships and distribution via institutional consultants, OCIO mandates and targeted marketing.

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	125	124	117	123	132
Compensation and benefits	84	77	73	72	73
General and administrative	32	29	26	13	29
Total expenses	116	106	99	85	101
Income before other income (expense), net	9	18	19	39	31
Other income (expense), net	222,000	203,000	76,000	260,000	190,000
Interest income	775,000	1	946,000	24,000	7,000
Interest expense	−141,000	−144,000	−421,000	−416,000	—
Equity income from investments	866,000	1	73,000	−31,000	2
Total other income (expense), net	2	3	674,000	−163,000	1
Income before provision for income taxes	11	20	19	38	32
Provision for income taxes	−3	−5	−4	−8	−7
Net income	8	16	15	31	25
Less: net income attributable to non-controlling interests	−3	−6	−6	−12	−10
Net income attributable to Silvercrest	5	10	9	19	15
Basic (per share)	0.56	1	0.96	1.92	1.52
Diluted (per share)	0.56	1	0.96	1.92	1.52
Basic (shares)	9	9	9	10	10
Diluted (shares)	9	10	9	10	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	44	69	70	77	86
Investments	1	1	219,000	146,000	2
Receivables, net	12	12	10	9	9
Furniture, equipment and leasehold improvements, net	8	7	7	5	5
Goodwill	64	64	64	64	64
Operating lease assets	17	16	20	24	26
Finance lease assets	322,000	254,000	330,000	342,000	247,000
Intangible assets, net	14	17	19	21	24
Deferred tax asset	1	4	5	7	11
Prepaid expenses and other assets	4	3	4	4	3
Total assets	167	194	200	213	229
Accounts payable and accrued expenses	4	2	2	2	20
Accrued compensation	43	40	37	40	42
Borrowings under credit facility	4	0	3	6	9
Operating lease liabilities	20	22	26	30	32
Finance lease liabilities	330,000	262,000	336,000	344,000	253,000
Deferred tax and other liabilities	10	10	9	9	9
Total liabilities	82	75	78	87	113
Commitments and Contingencies (Note 10)	—	—	—	—	—
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding	—	—	—	—	—
Additional Paid-In Capital	59	56	56	54	53
Treasury stock, at cost, 3,055,920 and 1,074,279 shares as of December 31, 2025 and 2024, respectively	−50	−20	−15	−9	−512,000
Accumulated other comprehensive income (loss)	−67,000	−43,000	−12,000	—	—
Retained earnings	42	44	42	40	28
Total Silvercrest Asset Management Group Inc.s equity	50	81	83	85	80
Non-controlling interests	35	39	39	41	36
Total equity	85	120	122	126	117
Total liabilities and equity	167	194	200	213	229

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Equity-based compensation	2	2	2	1	1
Depreciation and amortization	2	4	4	4	4
Deferred income taxes	2	2	2	4	901,000
Tax receivable agreement adjustment	−98,000	−78,000	2,000	−202,000	−114,000
Non-cash interest on notes receivable from partners	−20,000	−1,000	−4,000	−3,000	−6,000
Non-cash lease expense	2	4	4	2	4
Distributions received from investment funds	1	18,000	0	1	861,000
Receivables and due from Silvercrest Funds	1	−3	−389,000	−417,000	81,000
Prepaid expenses and other assets	−2	−53,000	−170,000	−3	116,000
Accounts payable and accrued expenses	2	111,000	214,000	−12	6
Accrued compensation	4	2	−2	−2	8
Operating lease liabilities	−3	−4	−3	−3	−4
Interest payable on notes payable	23,000	−19,000	−18,000	12,000	25,000
Net cash provided by operating activities	19	22	21	23	44
Acquisition of furniture, equipment and leasehold improvements	−4	−2	−4	−956,000	−908,000
Net cash used in investing activities	−4	−2	−4	−956,000	−908,000
Earn-outs paid related to acquisitions	0	−75,000	−75,000	−5	−3
Repayments of notes payable	0	−3	−4	−3	−4
Borrowings under credit facility	4	—	—	—	—
Principal payments on financing leases	−132,000	−120,000	−117,000	−120,000	−118,000
Distributions to partners	−6	−7	−8	−8	−7
Dividends paid on Class A common stock	−7	−7	−7	−7	−6
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc.	−31	−5	−6	−9	−512,000
Payments from partners on issuance of Class B shares	50,000	0	0	—	—
Payments from partners on notes receivable	126,000	94,000	95,000	172,000	228,000
Net cash used in financing activities	−39	−22	−24	−31	−20
Effect of exchange rate changes on cash and cash equivalents	−24,000	−31,000	−12,000	—	—
Net (decrease) increase in cash and cash equivalents	−25	−2	−7	−8	23
Federal	559,000	600,000	375,000	—	—
Foreign	0	0	0	—	—
Total income taxes paid	2	2	2	—	—
Interest	36,000	62,000	332,000	345,000	315,000
Issuance of Class B units of Silvercrest L. P. in conjunction with the acquisition	0	25,000	25,000	—	—
Notes receivable from new partners issued for capital contributions to Silvercrest L.P.	485,000	0	0	—	—
Class B units issued to a new partner for capital contributions to Silvercrest L.P.	50,000	0	0	—	—
Recognition of deferred tax assets as a result of share conversions	−1	−1	−352,000	648,000	566,000
Assets acquired under capital leases	201,000	46,000	109,000	211,000	137,000
Accrued dividends	21,000	30,000	24,000	21,000	12,000
Purchase of shares of Class A common stock excise tax accrual	198,000	46,000	57,000	—	—

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