AlTi Global, Inc.ALTI

AlTi Global, Inc. Leases Disclosure

10-KFiled Mar 31, 20262 min read
Leases
The Company primarily has non-cancellable operating leases for office spaces across various countries. We categorize leases as either operating or finance leases at the commencement date of the respective lease.
The components of lease costs are as follows:
For the Year Ended
(Dollars in Thousands)December 31, 2025December 31, 2024December 31, 2023
Operating lease expense$11,673 $12,680 $8,782 
Variable lease expense2,620 2,709 3,165 
Short-term lease expense267 256 750 
Total lease expense (1)
$14,560 $15,645 $12,697 
(1) These amounts include $0.5 million, $0.5 million, and $0.4 million for the years ended December 31, 2025, 2024, and 2023, respectively, in operating lease expense from related parties. See Note 18 (Related Party Transactions) for further details.
Supplemental cash flow information and non-cash activity related to our operating leases are as follows:
For the Year Ended
(Dollars in Thousands)December 31, 2025December 31, 2024December 31, 2023
Operating cash flow information:
Cash outflows - operating leases (1)
$9,482 $8,027 $7,131 
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations$4,960 $6,239 $35,629 
(1) These amounts include $0.5 million, $0.5 million, and $0.4 million for the years ended December 31, 2025, 2024, and 2023, respectively, in cash outflows related to operating leases from related parties. See Note 18 (Related Party Transactions) for further details.
Weighted-average remaining lease term and discount rate for our operating leases are as follows:
As of December 31, 2025As of December 31, 2024
Weighted-average remaining lease term11.3811.46
Weighted-average discount rate6.31 %5.99 %
Future minimum lease payments for the Company’s operating leases as of December 31, 2025, are as follows:
Future Minimum Rental Operating Leases
(Dollars in Thousands)
2026$8,626 
20278,880 
20288,368 
20297,096 
20306,411 
2031 and beyond49,911 
Total lease payments89,292 
Less: Imputed interest27,617 
Present value of lease liabilities$61,675 
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Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Mar 17, 2025
2023Mar 22, 2024

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

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