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The firm has improved its leverage profile by reducing total debt to $77.2 million as of 2026Q1, though the $410.3 million deficit in retained earnings highlights long-term capital erosion.
AlTi Global, Inc. (ALTI) balance sheet — 7-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 |
|---|
| Cash & Short Term Investments | 147.92M | 41.16M | 65.49M | 15.35M | 7.13M | 17.5M | 11.31M | 9.26M |
| Cash & Due from Banks | 31.2M | 41.16M | 65.49M | 15.35M | 7.13M | 17.49M | 11.31M | 9.25M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 5.74K | 6.73K | 2.65K |
| Total Investments | 128.5M | 144.33M | 176.19M | 180.09M | 197K | 19.98M | 16.57M | 15.76M |
| Investments Growth % | -47.95% | -18.08% | -2.16% | 91315.23% | -99.01% | 20.57% | 5.14% | - |
| Long-Term Investments | 575.1M | 144.33M | 176.19M | 180.09M | 197K | 19.97M | 16.56M | 15.76M |
| Accounts Receivables | 35.81M | 65.57M | 33.62M | 70.42M | 19.54M | 12.03M | 7.93M | 6.65M |
| Goodwill & Intangibles | 811.44M | 822.12M | 847.4M | 847.31M | 46.04M | 45.4M | 54.05M | 58.53M |
| Goodwill | 384.44M | 385.97M | 377.84M | 411.63M | 25.46M | 20.03M | 25.24M | 27.92M |
| Intangible Assets | 427M | 436.16M | 469.56M | 435.68M | 20.58M | 25.38M | 28.82M | 30.61M |
| PP&E (Net) | 47.66M | 46.69M | 66.58M | 50.84M | 11.07M | 1.02M | 1.25M | 1.36M |
| Other Assets | -128.5M | -144.33M | 942K | 2.61M | 365K | 0 | 0 | 0 |
| Total Current Assets | 67M | 106.73M | 143.21M | 185.44M | 34.31M | 67.44M | 50.91M | 40.32M |
| Total Non-Current Assets | 859.11M | 868.94M | 1.11B | 1.08B | 57.67M | 66.4M | 71.86M | 75.64M |
| Total Assets | 1.11B | 1.18B | 1.26B | 1.27B | 91.99M | 133.84M | 122.78M | 115.96M |
| Asset Growth % | -41.34% | -6.32% | -0.83% | 1276.57% | -31.27% | 9.01% | 5.88% | - |
| Return on Assets (ROA) | -9.88% | -9.84% | -8.17% | -24.38% | -5.21% | 3.07% | -5.53% | -5.31% |
| Accounts Payable | 25.9M | 48.64M | 37.53M | 40.58M | 8.07M | 2.94M | 2.49M | 1.92M |
| Total Debt | 75.85M | 61.67M | 63.05M | 242.48M | 31.9M | 14.1M | 12.52M | 12.28M |
| Net Debt | 44.66M | 20.52M | -2.44M | 227.13M | 24.77M | -3.39M | 1.21M | 3.03M |
| Long-Term Debt | 5.84M | 0 | 0 | 186.35M | 21.19M | 0 | 11.92M | 11.47M |
| Short-Term Debt | 6.5M | 61.67M | 0 | 0 | 0 | 13.93M | 93.21K | 36.61K |
| Other Liabilities | 151.51M | 230.29M | 133.56M | 140.87M | 21.14M | 0 | 246.03K | 742.54K |
| Total Current Liabilities | 4.7M | 61.67M | 78.05M | 86.28M | 21.01M | 55.21M | 22.71M | 17.07M |
| Total Non-Current Liabilities | 233.58M | 239.98M | 207.59M | 397.52M | 53.12M | 2.64M | 15.04M | 15.45M |
| Total Liabilities | 238.28M | 301.66M | 285.64M | 483.8M | 74.14M | 57.85M | 37.76M | 32.52M |
| Total Equity | 869.38M | 874.79M | 970.2M | 782.49M | 17.85M | 75.99M | 85.02M | 83.45M |
| Equity Growth % | -46.28% | -9.83% | 23.99% | 4282.98% | -76.51% | -10.62% | 1.89% | - |
| Equity / Assets (Capital Ratio) | 78.57% | 74.36% | 77.26% | 61.79% | 19.41% | 56.78% | 69.25% | 71.96% |
| Return on Equity (ROE) | -12.88% | -12.98% | -11.76% | -41.38% | -12.54% | 4.89% | -7.84% | -7.38% |
| Book Value per Share | 8.71 | 8.76 | 12.17 | 12.74 | 0.31 | 1.32 | 1.48 | 1.45 |
| Tangible BV per Share | 0.58 | 0.53 | 1.54 | -1.06 | -0.49 | 0.53 | 0.54 | 0.43 |
| Common Stock | 12K | 10K | 9K | 7K | 18.61M | 10.03K | 9.47K | 9.02K |
| Additional Paid-in Capital | 690.03M | 0 | 652.86M | 536.51M | 0 | 43.33M | 29.56M | 26.59M |
| Retained Earnings | -433.79M | -418.01M | -296.56M | -193.53M | 0 | 1.59M | 21.94M | 26.35M |
| Accumulated OCI | 2.89M | 4.97M | -1.57M | 9.15M | -1.08M | 31.04M | 31.35M | 30.16M |
| Treasury Stock | -5.69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 358.58M | 2.41M | 303.67M | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying ALTI stock.
As of 2025, AlTi Global, Inc. (ALTI) had total assets of $1.18B including $106.7M in current assets.
AlTi Global, Inc. (ALTI) carries total debt of $61.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
AlTi Global, Inc. (ALTI) has total shareholders' equity (book value) of $600.1M ($8.76 book value per share). Book value represents the net worth of the company belonging to common stock holders.
AlTi Global, Inc. (ALTI) reported a current ratio of 1.73x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Persistent negative retained earnings
Metrics are mathematically derived from official filings.
Capital Erosion Amidst Structural Integration
According to historical balance sheet data, ALTI's retained earnings have deteriorated significantly, reaching a deficit of $410.3 million by 2026Q1, which underscores the persistent difficulty in translating the firm's aggressive inorganic growth strategy into a self-sustaining capital base for long-term operational stability.
The consistent decline in retained earnings suggests that the firm's ongoing operating losses are actively consuming shareholder equity. Investors should monitor whether the recent capital infusions can reverse this trend or if the balance sheet will continue to weaken as the firm attempts to scale its global platform.
Leverage Management Under Operational Pressure
As reported in recent financial filings, ALTI has managed to reduce its total debt from a peak of $242.5 million in 2023Q4 to $77.2 million by 2026Q1, reflecting a strategic effort to deleverage despite the firm's ongoing struggle to achieve consistent profitability.
While the reduction in debt-to-equity ratios appears positive on the surface, the reliance on external capital to fund operations remains a concern. The firm's ability to maintain this lower leverage profile may be tested if cash flow generation does not improve to cover the costs of its high-touch service model.
Intangible Concentration Risks Asset Quality
Based on the provided balance sheet figures, goodwill remains a substantial component of total assets at $384.6 million, representing a significant portion of the $1.1 billion asset base as of 2026Q1, which warrants further investigation into potential impairment risks given the firm's negative earnings trajectory.
The high concentration of intangible assets suggests that the firm's value is heavily tied to the acquired businesses rather than tangible infrastructure. If the expected synergies from the Alvarium and Tiedemann merger fail to materialize, the firm may face significant write-downs that would further impair the equity base.
Liquidity Buffer Remains Highly Volatile
As indicated by the quarterly data, ALTI's liquidity position has fluctuated wildly, with the current ratio swinging from a high of 11.66 in 2026Q1 to a low of 0.82 in 2025Q3, suggesting that the firm's short-term cash runway is highly sensitive to timing of settlements.
The extreme variance in the current ratio implies that the firm lacks a stable liquidity cushion to absorb unexpected operational shocks. This volatility suggests that the firm's working capital management is currently reactive rather than proactive, which may pose risks during periods of market stress.