Alvarium Tiedemann (ALTI) financial statements
Alvarium Tiedemann reported revenue of $255M in fiscal 2025, up 35.5% a year over 4 years.
Net income was -$120M and the operating margin -29.0%, against 10.3% in 2021.
Free cash flow was -$52M.
The diluted share count rose 1435613% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Alvarium Tiedemann's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $76M | $77M | $251M | $198M | $255M |
| Selling, general and admin | $2M | $3M | $22M | $13M | $36M |
| Operating income | $8M | -$1M | -$94M | -$59M | -$74M |
| Interest expense | — | $427,000 | $15M | $22M | $347,000 |
| Pre-tax income | $4M | -$5M | -$316M | -$123M | -$105M |
| Income tax | $515,000 | $527,000 | -$11M | -$21M | $19M |
| Net income | $4M | -$6M | -$163M | -$103M | -$120M |
| EPS (diluted) | $566.27 | -$839.87 | -$2.65 | -$1.59 | — |
| Diluted shares | 0M | 0M | 61M | 80M | 100M |
| Operating margin | 10.3% | -1.7% | -37.5% | -29.7% | -29.0% |
| Net margin | 5.2% | -7.7% | -64.8% | -51.9% | -46.9% |
Balance sheet
Fiscal years, from Alvarium Tiedemann's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $551,258 | $7M | $15M | $64M | $41M |
| Total current assets | $621,664 | $85,540 | — | — | — |
| Property, plant and equipment | — | $975,000 | $3M | $16M | $18M |
| Goodwill | $22M | $531M | $362M | $378M | $386M |
| Total assets | $346M | $92M | $1.3B | $1.3B | $1.2B |
| Total current liabilities | $182,120 | $8M | — | — | — |
| Total liabilities | $35M | $74M | $484M | $286M | $302M |
| Shareholders' equity | -$35M | $18M | $352M | $658M | $600M |
| Net debt | -$551,258 | -$7M | -$15M | -$64M | -$41M |
Cash flow
Fiscal years, from Alvarium Tiedemann's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $19M | $7M | -$82M | -$51M | -$51M |
| Capital spending | $2,000 | $156,000 | $630,000 | $8M | $806,000 |
| Free cash flow | $19M | $7M | -$82M | -$58M | -$52M |
| Stock-based compensation | — | $4M | $46M | $26M | $32M |
| Dividends paid | $0 | $0 | $3M | $11,000 | $0 |
| Share buybacks (net) | — | — | -$4M | $0 | $0 |
| Net borrowing | -$560,000 | $9M | $63M | -$189M | $126,000 |
| Free cash flow margin | 24.9% | 8.7% | -32.8% | -29.3% | -20.5% |
| Dividends per share | — | — | $0.05 | $0.00 | — |
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Open ALTI in InvestinglyQuestions
What was Alvarium Tiedemann's revenue in 2025?
$255M in fiscal 2025, from its 10-K filing.
How much free cash flow does Alvarium Tiedemann generate?
-$52M in fiscal 2025 (operating cash flow minus capital spending).
From Alvarium Tiedemann's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.