2023 Q1 Form 10-Q Financial Statement

#000162828023019253 Filed on May 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q1
Revenue $58.05M $19.43M $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.958M $21.30M $536.0K
YoY Change 265.3% -16.48%
% of Gross Profit
Research & Development $3.828M $1.440M
YoY Change 165.83%
% of Gross Profit
Depreciation & Amortization $4.517M $549.1K $610.0K
YoY Change 640.49% 565.71%
% of Gross Profit
Operating Expenses $101.5M $23.12M $478.6K
YoY Change 21105.88% 4771.75% 431.74%
Operating Profit -$43.44M $1.174M
YoY Change -3800.0%
Interest Expense -$112.0K -$248.8K $10.40M
YoY Change -101.08% -125.47% -1295.34%
% of Operating Profit 885.81%
Other Income/Expense, Net $58.00K -$3.910M $0.00
YoY Change 21454.13% -100.0%
Pretax Income -$85.64M -$7.853M $9.921M
YoY Change -963.23% -1721.65% -302.47%
Income Tax $4.650M $164.0K $193.0K
% Of Pretax Income 1.95%
Net Earnings -$68.74M -$7.991M $9.921M
YoY Change -792.88% -1750.08% -302.4%
Net Earnings / Revenue -118.42% -41.13%
Basic Earnings Per Share -$1.19 $129.20
Diluted Earnings Per Share -$1.19 -$0.14 $230.0K
COMMON SHARES
Basic Shares Outstanding 57.55M shares 6.956K shares
Diluted Shares Outstanding 57.55M shares 6.956K shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.79M $7.131M $109.2K
YoY Change 16185.24% 1193.57% -87.86%
Cash & Equivalents $17.79M $85.54K $3.988M
Short-Term Investments
Other Short-Term Assets $10.47M $64.37K
YoY Change 16170.0% -87.13%
Inventory
Prepaid Expenses $0.00
Receivables $11.12M $1.161M
Other Receivables $50.51M $23.54M
Total Short-Term Assets $89.89M $85.54K $173.6K
YoY Change 51678.7% -86.24% -87.6%
LONG-TERM ASSETS
Property, Plant & Equipment $3.900M $975.0K
YoY Change -18.75%
Goodwill $530.8M $25.46M
YoY Change 14.78%
Intangibles $541.2M $20.58M
YoY Change
Long-Term Investments $48.80M $52.00K $345.2M
YoY Change -85.86% -99.98% 0.05%
Other Assets $7.360M $2.842M
YoY Change
Total Long-Term Assets $1.326B $350.0M $345.2M
YoY Change 284.23% 1.44% 0.05%
TOTAL ASSETS
Total Short-Term Assets $89.89M $85.54K $173.6K
Total Long-Term Assets $1.326B $350.0M $345.2M
Total Assets $1.416B $350.1M $345.3M
YoY Change 310.07% 1.28% -0.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.43M $8.073M $212.6K
YoY Change 17033.65% 4332.92%
Accrued Expenses $29.39M $29.61M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $67.41M $8.005M $212.6K
YoY Change 31602.41% 4295.26%
LONG-TERM LIABILITIES
Long-Term Debt $133.3M $21.19M $0.00
YoY Change
Other Long-Term Liabilities $214.2M $13.66M $24.91M
YoY Change 760.09% -61.15% -37.73%
Total Long-Term Liabilities $347.5M $34.85M $24.91M
YoY Change 1295.04% -0.91% -37.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.41M $8.005M $212.6K
Total Long-Term Liabilities $347.5M $34.85M $24.91M
Total Liabilities $455.4M $26.91M $25.12M
YoY Change 1712.97% -23.88% -37.2%
SHAREHOLDERS EQUITY
Retained Earnings -$96.69M -$28.02M
YoY Change -19.31%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $370.5M -$26.82M -$24.93M
YoY Change
Total Liabilities & Shareholders Equity $1.416B $350.1M $345.3M
YoY Change 310.07% 1.28% -0.3%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q1
OPERATING ACTIVITIES
Net Income -$68.74M -$7.991M $9.921M
YoY Change -792.88% -1750.08% -302.4%
Depreciation, Depletion And Amortization $4.517M $549.1K $610.0K
YoY Change 640.49% 565.71%
Cash From Operating Activities -$68.15M $3.599M -$442.0K
YoY Change 15318.53% -2287.41% -22.45%
INVESTING ACTIVITIES
Capital Expenditures $107.0K $101.0K $6.000K
YoY Change 1683.33%
Acquisitions $0.00 $8.097M
YoY Change -100.0%
Other Investing Activities -$114.0M $149.3K $0.00
YoY Change -100.0%
Cash From Investing Activities -$114.1M $48.32K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $136.3M $640.0K
YoY Change 21192.66%
Cash From Financing Activities $4.924M -831.4K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -$68.15M 3.599M -442.0K
Cash From Investing Activities -$114.1M 48.32K 0.000
Cash From Financing Activities $4.924M -831.4K 0.000
Net Change In Cash -$176.3M 2.815M -442.0K
YoY Change 39786.43% -1811.4% -149.67%
FREE CASH FLOW
Cash From Operating Activities -$68.15M $3.599M -$442.0K
Capital Expenditures $107.0K $101.0K $6.000K
Free Cash Flow -$68.26M $3.497M -$448.0K
YoY Change 15135.93% -2226.01%

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CY2023Q1 alti Share Based Payment Arrangement Noncash Expense Excluding Restricted Units
ShareBasedPaymentArrangementNoncashExpenseExcludingRestrictedUnits
28953000 usd
CY2022Q1 alti Share Based Payment Arrangement Noncash Expense Excluding Restricted Units
ShareBasedPaymentArrangementNoncashExpenseExcludingRestrictedUnits
0 usd
CY2023Q1 us-gaap-supplement Foreign Currency Transaction Gain Loss Unrealized After Tax
ForeignCurrencyTransactionGainLossUnrealizedAfterTax
-58000 usd
CY2022Q1 us-gaap-supplement Foreign Currency Transaction Gain Loss Unrealized After Tax
ForeignCurrencyTransactionGainLossUnrealizedAfterTax
0 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
73000 usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023Q1 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-54000 usd
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
8097000 usd
CY2023Q1 alti Payment Of Payout Right
PaymentOfPayoutRight
760000 usd
CY2022Q1 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
174000 usd
CY2023Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-11147000 usd
CY2022Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-680000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8220000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
782000 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
290000 usd
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
623000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-27102000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
536000 usd
CY2023Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-13357000 usd
CY2022Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-7476000 usd
CY2023Q1 alti Increase Decrease In Payable To Equity Method Investee
IncreaseDecreaseInPayableToEquityMethodInvestee
-7108000 usd
CY2022Q1 alti Increase Decrease In Payable To Equity Method Investee
IncreaseDecreaseInPayableToEquityMethodInvestee
0 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-11524000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
184000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-186000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-68153000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3629000 usd
CY2023Q1 alti Cash Acquired From Consolidation Of Variable Interest Entity
CashAcquiredFromConsolidationOfVariableInterestEntity
0 usd
CY2022Q1 alti Cash Acquired From Consolidation Of Variable Interest Entity
CashAcquiredFromConsolidationOfVariableInterestEntity
471000 usd
CY2023Q1 alti Cash Payment Of Acquisition Of Historical Equity
CashPaymentOfAcquisitionOfHistoricalEquity
99999000 usd
CY2022Q1 alti Cash Payment Of Acquisition Of Historical Equity
CashPaymentOfAcquisitionOfHistoricalEquity
0 usd
CY2023Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
216000 usd
CY2022Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
334000 usd
CY2023Q1 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
298000 usd
CY2022Q1 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
0 usd
CY2023Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
15376000 usd
CY2022Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
48000 usd
CY2023Q1 alti Payments To Acquire Shares
PaymentsToAcquireShares
0 usd
CY2022Q1 alti Payments To Acquire Shares
PaymentsToAcquireShares
382000 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022Q1 alti Payment Of Payout Right
PaymentOfPayoutRight
0 usd
CY2023Q1 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
1599000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
266000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
107000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-114129000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7462000 usd
CY2023Q1 alti Payments Of Member Distributions
PaymentsOfMemberDistributions
4257000 usd
CY2022Q1 alti Payments Of Member Distributions
PaymentsOfMemberDistributions
3475000 usd
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
136273000 usd
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
640000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
145660000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
11200000 usd
CY2023Q1 alti Cash Payment For Purchase Of Shares Issued As Part Of Alvarium Share Compensation
CashPaymentForPurchaseOfSharesIssuedAsPartOfAlvariumShareCompensation
4215000 usd
CY2022Q1 alti Cash Payment For Purchase Of Shares Issued As Part Of Alvarium Share Compensation
CashPaymentForPurchaseOfSharesIssuedAsPartOfAlvariumShareCompensation
0 usd
CY2023Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4008000 usd
CY2022Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1000 usd
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4924000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7085000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1052000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-46000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-176306000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4052000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194096000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8040000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17790000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3988000 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
64000 usd
CY2023Q1 alti Interest Payments On Term Notes And Lines Of Credit
InterestPaymentsOnTermNotesAndLinesOfCredit
1107000 usd
CY2022Q1 alti Interest Payments On Term Notes And Lines Of Credit
InterestPaymentsOnTermNotesAndLinesOfCredit
64000 usd
CY2023Q1 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
66700000000 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2023Q1 alti Class Of Warrant Or Right Expiration Period
ClassOfWarrantOrRightExpirationPeriod
P5Y
CY2023Q1 alti Class Of Warrant Or Right Redemption Price
ClassOfWarrantOrRightRedemptionPrice
0.01
CY2023Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
19971251 shares
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q1 alti Operating Segments Number Of Revenue Generating Categories
OperatingSegmentsNumberOfRevenueGeneratingCategories
3 category
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make assumptions and estimates that affect the amounts reported in the condensed consolidated financial statements of the Company. The most critical of these estimates are related to (i) the fair value of the investments held by the products the Company manages, as for many products, this impacts the amount of revenues the Company recognizes each period; (ii) the fair values of the Company’s investments and liabilities with respect to the Tax Receivable Agreement (“TRA”), warrants and Earn-out Securities, as changes in these fair values have a direct impact on the Company’s consolidated net income (loss); (iii) the estimate of future taxable income, which impacts the realizability and carrying amount of the Company’s deferred income tax assets; (iv) the qualitative and quantitative assessments of whether impairments of acquired intangible assets and goodwill exist; and (v) the determination of whether to consolidate a variable interest entity (“VIE”); and (vi) fair value of assets acquired and liabilities assumed in business combinations, including assumptions with respect to future cash inflows and outflows, discount rates, assets useful lives, market multiples, the allocation of purchase price consideration in the business combination valuation of acquired assets and liabilities, the estimated useful lives of intangible assets, goodwill impairment testing; assumptions used to calculate equity-based compensation, and the realization of deferred tax assets. Inherent in such estimates are judgements relating to future cash flows, which include the Company’s interpretation of current economic indicators and market valuations, and assumptions about the Company’s strategic plans with regard to its operations. While management believes that the estimates utilized in preparing the condensed consolidated financial statements are reasonable and prudent, actual results could differ materially from those estimates.
CY2023Q1 alti Number Of Entities In Which Company Is Entitled To Distributions
NumberOfEntitiesInWhichCompanyIsEntitledToDistributions
3 entity
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.054
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.179
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q1 alti Operating Segments Number Of Revenue Generating Categories
OperatingSegmentsNumberOfRevenueGeneratingCategories
3 category
CY2022Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194100000 usd
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q1 alti Earn In Expense
EarnInExpense
1000000 usd
CY2022Q1 alti Earn In Expense
EarnInExpense
800000 usd
CY2023Q1 alti Earn In Consideration Payable
EarnInConsiderationPayable
1600000 usd
CY2022Q4 alti Earn In Consideration Payable
EarnInConsiderationPayable
1500000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4700000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
106280000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
29580000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
135860000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
5181000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
5181000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
146130000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
3822000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
15370000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
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CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
165322000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
48800000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
148724000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
166669000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
188000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
145000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1971000 usd
CY2022Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-19000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
CY2022Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1971000 usd
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-19000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
298306000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4240000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
294066000 usd
CY2023Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
545406000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4240000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
541166000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28663000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8085000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
20578000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4200000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
11674000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
15080000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
15080000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15080000 usd
CY2023Q1 alti Finite Lived Intangible Asset Expected Amortization After Year Three
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearThree
237152000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
294066000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7515000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4491000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3900000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
975000 usd
CY2023Q1 us-gaap Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
11121000 usd
CY2022Q4 us-gaap Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
0 usd
CY2023Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
10473000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1898000 usd
CY2023Q1 alti Other Sundry Receivables
OtherSundryReceivables
8743000 usd
CY2022Q4 alti Other Sundry Receivables
OtherSundryReceivables
0 usd
CY2023Q1 us-gaap Other Receivables
OtherReceivables
9497000 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
579000 usd
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
187000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
241000 usd
CY2023Q1 alti Other Miscellaneous Assets
OtherMiscellaneousAssets
7173000 usd
CY2022Q4 alti Other Miscellaneous Assets
OtherMiscellaneousAssets
124000 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
51094000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
3817000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1926000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
750000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
437000 usd
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
358000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
205000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
31000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
2568000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
1139000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1666000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
701000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
214000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y5M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0629
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4957000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7551000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5388000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4131000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3446000 usd
CY2023Q1 alti Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
6695000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32168000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3713000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
28455000 usd
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
22185000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
22185000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3279000 usd
CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
0 usd
CY2022 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
3279000 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
25464000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
25464000 usd
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
133300000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
21187000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
21187000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
0 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
21200000 usd
CY2023Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
800000 usd
CY2022Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000 usd
CY2023Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
814000 usd
CY2022Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
196000 usd
CY2023Q1 alti Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
13300000 usd
CY2023Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
121000000 usd
CY2023Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
29200000 usd
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
58047000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19970000 usd
CY2023Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
63172000 usd
CY2022Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
13560000 usd
CY2023Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
3828000 usd
CY2022Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
1440000 usd
CY2023Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
526000 usd
CY2022Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
218000 usd
CY2023Q1 us-gaap Occupancy Net
OccupancyNet
3180000 usd
CY2022Q1 us-gaap Occupancy Net
OccupancyNet
968000 usd
CY2023Q1 us-gaap Professional Fees
ProfessionalFees
22884000 usd
CY2022Q1 us-gaap Professional Fees
ProfessionalFees
1415000 usd
CY2023Q1 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
1946000 usd
CY2022Q1 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
267000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4517000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
610000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1432000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
318000 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
101485000 usd
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
18796000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-43438000 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1174000 usd
CY2023Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
3149000 usd
CY2022Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
-19000 usd
CY2023Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
12942000 usd
CY2022Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
CY2023Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
29206000 usd
CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2023Q1 us-gaap Investment Income Net
InvestmentIncomeNet
-3261000 usd
CY2022Q1 us-gaap Investment Income Net
InvestmentIncomeNet
-74000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
58000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-85640000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1079000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4650000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
193000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-90290000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
886000 usd
CY2023Q1 us-gaap Assets
Assets
1416152000 usd
CY2022Q4 us-gaap Assets
Assets
91989000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-68740000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-68740000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57546811 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57546811 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.19
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.19
CY2023Q1 alti Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
13300000 usd
CY2023Q1 alti Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
13300000 usd
CY2023Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
121000000 usd

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