2024 Q3 Form 10-Q Financial Statement

#000162828024046969 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $53.34M
YoY Change 8.32%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.414M
YoY Change -57.92%
% of Gross Profit
Research & Development $4.779M
YoY Change 25.37%
% of Gross Profit
Depreciation & Amortization $4.621M
YoY Change 25.71%
% of Gross Profit
Operating Expenses $69.36M
YoY Change -4.85%
Operating Profit -$16.01M
YoY Change -32.28%
Interest Expense $4.593M
YoY Change -102.88%
% of Operating Profit
Other Income/Expense, Net $833.0K
YoY Change -1015.38%
Pretax Income -$120.9M
YoY Change -30.06%
Income Tax -$9.483M
% Of Pretax Income
Net Earnings -$68.64M
YoY Change -22.64%
Net Earnings / Revenue -128.67%
Basic Earnings Per Share -$0.88
Diluted Earnings Per Share -$0.88
COMMON SHARES
Basic Shares Outstanding 86.40M shares
Diluted Shares Outstanding 86.40M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $222.1M
YoY Change 1720.8%
Cash & Equivalents $222.1M
Short-Term Investments
Other Short-Term Assets $12.48M
YoY Change 29.97%
Inventory
Prepaid Expenses
Receivables $15.34M
Other Receivables $54.00M
Total Short-Term Assets $304.0M
YoY Change 258.44%
LONG-TERM ASSETS
Property, Plant & Equipment $4.465M
YoY Change 14.17%
Goodwill $379.8M
YoY Change -7.23%
Intangibles $479.7M
YoY Change -4.28%
Long-Term Investments $7.400M
YoY Change -73.48%
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $1.102B
YoY Change -4.08%
TOTAL ASSETS
Total Short-Term Assets $304.0M
Total Long-Term Assets $1.102B
Total Assets $1.406B
YoY Change 13.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.16M
YoY Change -48.07%
Accrued Expenses $109.6M
YoY Change 89.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.250M
YoY Change
Total Short-Term Liabilities $131.0M
YoY Change 35.99%
LONG-TERM LIABILITIES
Long-Term Debt $127.2M
YoY Change -26.41%
Other Long-Term Liabilities $107.9M
YoY Change 15.91%
Total Long-Term Liabilities $235.1M
YoY Change -11.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $131.0M
Total Long-Term Liabilities $235.1M
Total Liabilities $366.6M
YoY Change -5.52%
SHAREHOLDERS EQUITY
Retained Earnings -$238.8M
YoY Change 68.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $707.0M
YoY Change
Total Liabilities & Shareholders Equity $1.406B
YoY Change 13.97%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$68.64M
YoY Change -22.64%
Depreciation, Depletion And Amortization $4.621M
YoY Change 25.71%
Cash From Operating Activities -$4.940M
YoY Change -115.99%
INVESTING ACTIVITIES
Capital Expenditures $4.498M
YoY Change 22390.0%
Acquisitions
YoY Change
Other Investing Activities -$25.32M
YoY Change 562.7%
Cash From Investing Activities -$29.81M
YoY Change 678.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 194.5M
YoY Change 15973.22%
NET CHANGE
Cash From Operating Activities -4.940M
Cash From Investing Activities -29.81M
Cash From Financing Activities 194.5M
Net Change In Cash 159.7M
YoY Change 465.03%
FREE CASH FLOW
Cash From Operating Activities -$4.940M
Capital Expenditures $4.498M
Free Cash Flow -$9.438M
YoY Change -130.57%

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WeightedAverageNumberOfDilutedSharesOutstanding
63568646 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74993835 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60174678 shares
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-111405000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-172768000 usd
us-gaap Profit Loss
ProfitLoss
-98619000 usd
us-gaap Profit Loss
ProfitLoss
-234928000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4222000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-9981000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-7151000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
7927000 usd
CY2024Q3 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
-63000 usd
CY2023Q3 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
72000 usd
us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
148000 usd
us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
-610000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-115690000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-182677000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-105622000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-227611000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-43432000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-87843000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-55635000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-115958000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-72258000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-94834000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-49987000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-111653000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
923521000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-111405000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-4222000 usd
CY2024Q3 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
-63000 usd
CY2024Q3 alti Adjustments For Additional Paid In Capital Payment For Partners Tax
AdjustmentsForAdditionalPaidInCapitalPaymentForPartnersTax
-1343000 usd
CY2024Q3 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
137813000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
0 usd
CY2024Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
78000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4818000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
90424000 usd
CY2024Q3 alti Adjustments To Additional Paid In Capital Value Tax Receivable Agreement Exchange
AdjustmentsToAdditionalPaidInCapitalValueTaxReceivableAgreementExchange
-127000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1039494000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
782493000 usd
us-gaap Profit Loss
ProfitLoss
-98619000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-7151000 usd
us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
148000 usd
alti Adjustments For Additional Paid In Capital Payment For Partners Tax
AdjustmentsForAdditionalPaidInCapitalPaymentForPartnersTax
-3225000 usd
us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
280612000 usd
alti Additional Paid In Capital Dividends In Excess Of Retained Earnings Including Adjustments
AdditionalPaidInCapitalDividendsInExcessOfRetainedEarningsIncludingAdjustments
0 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1026000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13892000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-4037000 usd
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
90424000 usd
alti Adjustments To Additional Paid In Capital Value Tax Receivable Agreement Exchange
AdjustmentsToAdditionalPaidInCapitalValueTaxReceivableAgreementExchange
-14190000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1039494000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1020485000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-172768000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-9981000 usd
CY2023Q3 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
72000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2964000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1377000 usd
CY2023Q3 alti Adjustments To Additional Paid In Capital Value Tax Receivable Agreement Exchange
AdjustmentsToAdditionalPaidInCapitalValueTaxReceivableAgreementExchange
655000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
842803000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1013653000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
21000000 usd
us-gaap Profit Loss
ProfitLoss
-234928000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
7927000 usd
us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
-610000 usd
alti Adjustments For Additional Paid In Capital Payment For Partners Tax
AdjustmentsForAdditionalPaidInCapitalPaymentForPartnersTax
-998000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5095000 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1377000 usd
alti Adjustments To Additional Paid In Capital Value Tax Receivable Agreement Exchange
AdjustmentsToAdditionalPaidInCapitalValueTaxReceivableAgreementExchange
655000 usd
alti Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
29479000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
842803000 usd
us-gaap Profit Loss
ProfitLoss
-98619000 usd
us-gaap Profit Loss
ProfitLoss
-234928000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
11001000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
11848000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1666000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-4106000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2938000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-3275000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
10719000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
116777000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
183252000 usd
alti Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
3786000 usd
alti Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
-1331000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1422000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2439000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-3973000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
12866000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-41922000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-46212000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1140000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-16786000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-16146000 usd
alti Share Based Payment Arrangement Noncash Expense Excluding Restricted Units
ShareBasedPaymentArrangementNoncashExpenseExcludingRestrictedUnits
13892000 usd
alti Share Based Payment Arrangement Noncash Expense Excluding Restricted Units
ShareBasedPaymentArrangementNoncashExpenseExcludingRestrictedUnits
35090000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized After Tax
ForeignCurrencyTransactionGainLossUnrealizedAfterTax
-17000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized After Tax
ForeignCurrencyTransactionGainLossUnrealizedAfterTax
-444000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
73000 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
0 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-33000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-38509000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-7132000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9008000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4110000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
3514000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
838000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-20511000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-14914000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-36090000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-4288000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
8011000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-14718000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
72000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
250000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-50596000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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alti Cash Payment Of Acquisition Of Historical Equity
CashPaymentOfAcquisitionOfHistoricalEquity
0 usd
alti Cash Payment Of Acquisition Of Historical Equity
CashPaymentOfAcquisitionOfHistoricalEquity
99999000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
285000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
226000 usd
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
0 usd
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
305000 usd
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
102000 usd
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
15499000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1818000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
alti Payment Of Payout Right
PaymentOfPayoutRight
0 usd
alti Payment Of Payout Right
PaymentOfPayoutRight
760000 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
3783000 usd
us-gaap Payments To Acquire Business Three Net Of Cash Acquired
PaymentsToAcquireBusinessThreeNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Business Three Net Of Cash Acquired
PaymentsToAcquireBusinessThreeNetOfCashAcquired
14430000 usd
alti Payments To Acquire Business Four Net Of Cash Acquired
PaymentsToAcquireBusinessFourNetOfCashAcquired
69182000 usd
alti Payments To Acquire Business Four Net Of Cash Acquired
PaymentsToAcquireBusinessFourNetOfCashAcquired
0 usd
alti Payments To Acquire Business Five Net Of Cash Acquired
PaymentsToAcquireBusinessFiveNetOfCashAcquired
1467000 usd
alti Payments To Acquire Business Five Net Of Cash Acquired
PaymentsToAcquireBusinessFiveNetOfCashAcquired
0 usd
alti Payments To Acquire Business Six Net Of Cash Acquired
PaymentsToAcquireBusinessSixNetOfCashAcquired
25258000 usd
alti Payments To Acquire Business Six Net Of Cash Acquired
PaymentsToAcquireBusinessSixNetOfCashAcquired
0 usd
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
818000 usd
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
1818000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
144000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5772000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
269000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-132383000 usd
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
305340000 usd
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
94660000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
alti Payments Of Member Distributions
PaymentsOfMemberDistributions
6764000 usd
alti Payments Of Member Distributions
PaymentsOfMemberDistributions
8494000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
89862000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
155489000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
32258000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
206660000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
7249000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1519000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4037000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
alti Payments For Taxes Of Limited Liability Partners
PaymentsForTaxesOfLimitedLiabilityPartners
379000 usd
alti Payments For Taxes Of Limited Liability Partners
PaymentsForTaxesOfLimitedLiabilityPartners
0 usd
alti Payments Due To Equity Method Investee
PaymentsDueToEquityMethodInvestee
0 usd
alti Payments Due To Equity Method Investee
PaymentsDueToEquityMethodInvestee
13419000 usd
alti Cash Payment For Purchase Of Shares To Be Transferred As Part Of Alvarium Share Compensation
CashPaymentForPurchaseOfSharesToBeTransferredAsPartOfAlvariumShareCompensation
0 usd
alti Cash Payment For Purchase Of Shares To Be Transferred As Part Of Alvarium Share Compensation
CashPaymentForPurchaseOfSharesToBeTransferredAsPartOfAlvariumShareCompensation
4215000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
5836000 usd
alti Payments Of Warrants And Tranche Right Options Stock Issuance Costs
PaymentsOfWarrantsAndTrancheRightOptionsStockIssuanceCosts
512000 usd
alti Payments Of Warrants And Tranche Right Options Stock Issuance Costs
PaymentsOfWarrantsAndTrancheRightOptionsStockIssuanceCosts
0 usd
alti Payment Of Earn In Liability
PaymentOfEarnInLiability
754000 usd
alti Payment Of Earn In Liability
PaymentOfEarnInLiability
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
306711000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30879000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1244000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2782000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
203892000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-179723000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18246000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194086000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
222138000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14363000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
222138000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12196000 usd
CY2024Q3 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 usd
CY2023Q3 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
2167000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
222138000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
14363000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
983000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
797000 usd
alti Interest Payments On Term Notes And Lines Of Credit
InterestPaymentsOnTermNotesAndLinesOfCredit
12900000 usd
alti Interest Payments On Term Notes And Lines Of Credit
InterestPaymentsOnTermNotesAndLinesOfCredit
10145000 usd
CY2024Q3 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
77300000000 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
19892387 shares
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
29500000 usd
CY2024Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
alti Operating Segments Number Of Revenue Generating Categories
OperatingSegmentsNumberOfRevenueGeneratingCategories
4 category
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%;padding-left:14.18pt">Prior Period Immaterial Corrections</span><div style="padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Following an analysis of quantitative and qualitative factors in accordance with SEC Staff Accounting Bulletin 99, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:112%">Materiality</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">, the Company concluded that the errors below were immaterial to the previously issued consolidated financial statements, and thus, no restatement of any of the Company’s previously issued financial statements is necessary. The Company revised the reported balances to correct for the immaterial errors accordingly.</span></div><div style="padding-left:27pt;text-align:justify"><span><br/></span></div><div style="padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:110%">During the first quarter of 2024, the Company identified and corrected immaterial errors impacting the December 31, 2023 balances previously reported related to Accrued compensation and profit sharing, Goodwill, Accounts payable and accrued expenses and certain other balances reported within Other </span></div><div style="padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:110%">liabilities. These revisions resulted in an adjustment to the opening retained earnings balance for the current reporting period of $(3.0) million, a $4.2 million increase in Accrued compensation and profit sharing, a $0.3 million decrease in Goodwill, a $0.6 million increase in Other liabilities, and a $0.3 million increase in Accounts payable and accrued expenses. In conjunction with the prior period immaterial error correction, certain reclassifications have been made to prior period amounts between our Non-controlling interest in subsidiaries and Additional paid-in capital which relate to the TRA Exchange of our Class B Units for shares of Class A Common Stock. These reclassifications resulted in an adjustment of $13.3 million and are reflected in our Condensed Consolidated Statement of Changes in Mezzanine Equity and Shareholders’ Equity. These prior period reclassifications have no impact on the Company’s cash flows, net income, or total shareholders’ equity.</span></div><div style="padding-left:27pt;text-align:justify"><span><br/></span></div><div style="padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:110%">Additionally, in the current reporting period, the Company reclassified the balances in its Condensed Consolidated Statement of Operations as of September 30, 2023 of the previously reported amounts for the line items Management/advisory fees and Professional fees, decreasing both balances by $1.7 million.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:54pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">(c)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%;padding-left:14.8pt">Reclassifications </span></div>Due to presentation changes that occurred during the first quarter ended March 31, 2024, we made certain reclassifications in our Condensed Consolidated Financial Position on a prospective basis. These reclassifications are not directly comparable to the year ended December 31, 2023 and include a $4.8 million adjustment to decrease Accounts payable and accrued expenses and increase Accrued compensation and profit sharing as well as a $3.2 million adjustment to decrease Other liabilities and increase Accrued compensation and profit sharing.
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%;padding-left:14.18pt">Use of Estimates</span><div style="padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The preparation of financial statements in conformity with US 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 included in the Billable Assets within AUM/AUA, as 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 TRA, 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 equity method investments, carried interest vehicles, 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 judgments 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.</span></div>
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NumberOfEntitiesInWhichCompanyIsEntitledToDistributions
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CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
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us-gaap Number Of Operating Segments
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us-gaap Number Of Operating Segments
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CY2023Q4 alti Delayed Share Purchase Agreement
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1800000 usd
CY2023Q1 us-gaap Number Of Operating Segments
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CY2023Q1 us-gaap Number Of Operating Segments
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2024Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
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us-gaap Equity Method Investment Other Than Temporary Impairment
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us-gaap Equity Method Investment Other Than Temporary Impairment
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CY2024Q3 us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
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us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
44900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
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IntangibleAssetsGrossExcludingGoodwill
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ImpairmentOfIntangibleAssetsExcludingGoodwill
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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IntangibleAssetsNetExcludingGoodwill
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AmortizationOfIntangibleAssets
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CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15622000 usd
CY2024Q3 alti Finite Lived Intangible Asset Expected Amortization After Year Three
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearThree
227955000 usd
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FiniteLivedIntangibleAssetsNet
278727000 usd
CY2024Q3 alti Foreign Currency Translation Property Plant And Equipment
ForeignCurrencyTranslationPropertyPlantAndEquipment
326000 usd
CY2023Q4 alti Foreign Currency Translation Property Plant And Equipment
ForeignCurrencyTranslationPropertyPlantAndEquipment
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CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6888000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5665000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4465000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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2532000 usd
CY2024Q3 us-gaap Accrued Fees And Other Revenue Receivable
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CY2024Q3 alti Other Sundry Receivables
OtherSundryReceivables
6161000 usd
CY2023Q4 alti Other Sundry Receivables
OtherSundryReceivables
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CY2024Q3 us-gaap Other Receivables
OtherReceivables
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OtherReceivables
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CY2023Q4 us-gaap Other Assets Miscellaneous
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CY2023Q4 us-gaap Other Assets
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CY2024Q3 alti Payroll Liabilities
PayrollLiabilities
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CY2023Q4 alti Payroll Liabilities
PayrollLiabilities
5202000 usd
CY2024Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
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CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
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CY2024Q3 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
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CY2023Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
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CY2024Q3 alti Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
1332000 usd
CY2023Q4 alti Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
6709000 usd
CY2024Q3 us-gaap Other Liabilities
OtherLiabilities
14025000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
22467000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3814000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2090000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
9357000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
6151000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
829000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1962000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2432000 usd
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
61000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
194000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
187000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
606000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
4675000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
3113000 usd
us-gaap Lease Cost
LeaseCost
11506000 usd
us-gaap Lease Cost
LeaseCost
9189000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6442000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2416000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0987
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0622
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2025000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8768000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7207000 usd
CY2024Q3 alti Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
60696000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
96401000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
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