The firm's equity base has eroded from $82.7M in 2023Q4 to $46.9M in 2026Q1, while goodwill remains stagnant at $63.7M, accounting for nearly 48% of total assets.
Silvercrest Asset Management Group Inc. (SAMG) balance sheet — 15-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Cash & Short Term Investments | 104.25M | 44.07M | 68.61M | 70.3M | 77.43M | 85.74M | 62.5M | 52.83M | 69.28M | 53.82M | 37.52M | 31.56M | 30.82M | 27.12M | 13.44M | 8.48M |
| Cash & Due from Banks | 27.8M | 44.07M | 68.61M | 70.3M | 77.43M | 85.74M | 62.5M | 52.83M | 69.28M | 53.82M | 37.52M | 31.56M | 30.82M | 27.12M | 13.44M | 7.35M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.13M |
| Total Investments | 2.15M | 1.03M | 1.35M | 219K | 146K | 1.59M | 914K | 1.78M | 1.49M | 626K | 335K | 32K | 1.31M | 103K | 1.98M | 1.13M |
| Investments Growth % | 2674.9% | -23.93% | 518.26% | 50% | -90.81% | 73.74% | -48.68% | 19.29% | 138.5% | 86.87% | 946.88% | -97.55% | 1168.93% | -94.8% | 75.53% | - |
| Long-Term Investments | 8.18M | 1.03M | 1.35M | 219K | 146K | 1.59M | 914K | 1.78M | 1.49M | 626K | 335K | 32K | 1.31M | 103K | 1.98M | 0 |
| Accounts Receivables | 2.04M | 11.79M | 12.92M | 9.89M | 9.69M | 9.28M | 9.36M | 4.36M | 2.74M | 5.08M | 4.37M | 8.83M | 2.71M | 1.97M | 1.81M | 1.43M |
| Goodwill & Intangibles | 76.75M | 78.13M | 80.32M | 82.61M | 85.02M | 87.6M | 90.23M | 92.96M | 35.06M | 36.75M | 38.57M | 40.01M | 31.18M | 32.62M | 28.25M | 28.49M |
| Goodwill | 63.67M | 63.67M | 63.67M | 63.67M | 63.67M | 63.67M | 63.67M | 63.67M | 25.17M | 25.17M | 25.17M | 24.68M | 20.01M | 20.03M | 15.89M | 14.68M |
| Intangible Assets | 13.08M | 14.45M | 16.64M | 18.93M | 21.35M | 23.92M | 26.55M | 29.29M | 9.89M | 11.58M | 13.4M | 15.33M | 11.17M | 12.59M | 12.36M | 13.81M |
| PP&E (Net) | 31.52M | 37.32M | 23.67M | 27.36M | 29.02M | 31.63M | 35.84M | 39.7M | 3.44M | 2.45M | 2.41M | 2.42M | 2.35M | 1.91M | 2.06M | 2.27M |
| Other Assets | -2.15M | -7.55M | 3.08M | 5.03M | 6.92M | 10.8M | 11.4M | 3.13M | 2.63M | 1.34M | 0 | 3.26M | 2.12M | 4.87M | 399K | 0 |
| Total Current Assets | 36.82M | 56.18M | 81.78M | 84.35M | 91.57M | 97.7M | 75.42M | 63.49M | 78.54M | 64.35M | 50.74M | 40.98M | 39.74M | 36.2M | 20.16M | 14.49M |
| Total Non-Current Assets | 108.75M | 110.42M | 112.65M | 115.22M | 121.1M | 131.62M | 138.38M | 150.76M | 54.83M | 53.01M | 61.54M | 67.23M | 59.96M | 64.53M | 32.3M | 30.77M |
| Total Assets | 146.34M | 166.61M | 194.43M | 199.57M | 212.68M | 229.32M | 213.8M | 214.25M | 133.36M | 117.36M | 112.28M | 108.21M | 99.7M | 100.73M | 52.45M | 45.26M |
| Asset Growth % | -46.64% | -14.31% | -2.58% | -6.16% | -7.26% | 7.26% | -0.21% | 60.65% | 13.64% | 4.52% | 3.76% | 8.54% | -1.02% | 92.03% | 15.89% | - |
| Return on Assets (ROA) | 0.64% | 2.71% | 4.84% | 4.41% | 8.52% | 6.63% | 4.65% | 4.97% | 7.68% | 4.65% | 4.55% | 5.12% | 4.76% | 17.87% | 40.36% | 32.28% |
| Accounts Payable | 0 | 0 | 1.95M | 1.9M | 1.54M | 1.86M | 1.64M | 18.53M | 2.95M | 3.51M | 2.9M | 2.02M | 1.97M | 5.29M | 4.51M | 4.37M |
| Total Debt | 25.83M | 23.98M | 22.53M | 29.33M | 36.23M | 41.65M | 48.99M | 72.44M | 188K | 740K | 2.49M | 4.51M | 4.15M | 11.3M | 3.31M | 4.81M |
| Net Debt | -1.97M | -20.09M | -46.08M | -40.97M | -41.2M | -44.09M | -13.51M | 19.61M | -69.09M | -53.08M | -35.03M | -27.05M | -26.67M | -15.82M | -10.13M | -2.54M |
| Long-Term Debt | 9M | 0 | 0 | 2.72M | 6.34M | 9.03M | 12.6M | 16.2M | 0 | 740K | 2.49M | 4.51M | 4.12M | 8.3M | 3.31M | 0 |
| Short-Term Debt | 1.89M | 4.02M | 0 | 0 | 0 | 0 | 0 | 16.2M | 0 | 740K | 0 | 0 | 24K | 3M | 3.31M | 4.81M |
| Other Liabilities | 43.89M | 57.74M | 39.87M | 9.07M | 9.17M | 9.33M | 9.53M | 16.05M | 7.22M | 2.73M | 436K | 852K | 1.3M | 1.74M | 104.53M | 85.18M |
| Total Current Liabilities | 1.89M | 4.02M | 1.95M | 39.36M | 41.44M | 61.53M | 51.89M | 34.73M | 2.95M | 3.51M | 4.49M | 4.03M | 3.31M | 9.59M | 4.51M | 15.75M |
| Total Non-Current Liabilities | 67.83M | 77.7M | 72.79M | 38.4M | 45.41M | 50.98M | 58.52M | 81.72M | 48.02M | 41.73M | 41.71M | 42.54M | 43.32M | 42.98M | 108.41M | 85.18M |
| Total Liabilities | 69.72M | 81.72M | 74.74M | 77.76M | 86.84M | 112.51M | 110.41M | 116.44M | 50.96M | 45.24M | 46.2M | 46.57M | 46.63M | 52.56M | 112.92M | 100.93M |
| Total Equity | 76.63M | 84.88M | 119.69M | 121.81M | 125.83M | 116.81M | 103.4M | 97.81M | 82.4M | 72.12M | 66.08M | 61.64M | 53.06M | 48.16M | -5.36M | -55.67M |
| Equity Growth % | -100.15% | -29.08% | -1.74% | -3.2% | 7.73% | 12.97% | 5.72% | 18.7% | 14.25% | 9.13% | 7.21% | 16.16% | 10.17% | 998.6% | 90.37% | - |
| Equity / Assets (Capital Ratio) | 52.36% | 50.95% | 61.56% | 61.04% | 59.17% | 50.94% | 48.36% | 45.65% | 61.79% | 61.45% | 58.86% | 56.96% | 53.22% | 47.82% | -10.22% | -122.99% |
| Return on Equity (ROE) | 1.17% | 4.78% | 7.9% | 7.34% | 15.52% | 13.34% | 9.9% | 9.6% | 12.46% | 7.72% | 7.85% | 9.28% | 9.43% | 63.96% | - | - |
| Book Value per Share | 9.74 | 9.65 | 12.56 | 12.87 | 12.81 | 12.05 | 10.87 | 11.11 | 9.92 | 8.88 | 8.22 | 7.85 | 6.98 | 5.75 | -0.48 | -4.98 |
| Tangible BV per Share | -0.02 | 0.77 | 4.13 | 4.14 | 4.15 | 3.01 | 1.38 | 0.55 | 5.70 | 4.36 | 3.42 | 2.75 | 2.88 | 1.86 | -3.01 | -7.53 |
| Common Stock | 149K | 148K | 146K | 146K | 145K | 144K | 142K | 142K | 133K | 130K | 129K | 126K | 124K | 120K | 47.9M | 0 |
| Additional Paid-in Capital | 60.03M | 58.88M | 56.37M | 55.81M | 53.98M | 52.94M | 51.04M | 49.25M | 43.58M | 41.61M | 41.26M | 40.95M | 39.17M | 39M | 0 | 0 |
| Retained Earnings | 37.92M | 41.74M | 43.95M | 41.85M | 39.76M | 27.78M | 19.5M | 15.65M | 12.33M | 7.36M | 5.92M | 4.76M | 3.22M | 2.1M | 0 | 0 |
| Accumulated OCI | -297K | -67K | -43K | -12K | 0 | 0 | 0 | 0 | -8.3M | -8.66M | -7.77M | -7.04M | -6.33M | -5.78M | -5.36M | -4.89M |
| Treasury Stock | -52.32M | -50.43M | -19.73M | -15.06M | -9.29M | -512K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying SAMG stock.
As of 2025, Silvercrest Asset Management Group Inc. (SAMG) had total assets of $166.6M including $56.2M in current assets.
Silvercrest Asset Management Group Inc. (SAMG) carries total debt of $24.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Silvercrest Asset Management Group Inc. (SAMG) has total shareholders' equity (book value) of $50.3M ($9.65 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Silvercrest Asset Management Group Inc. (SAMG) reported a current ratio of 13.97x. 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
High Goodwill Concentration Risk
Metrics are mathematically derived from official filings.
Asset Base Contraction Amid Volatility
As reported in recent financial filings, Silvercrest's total assets have declined from $199.6M in 2023Q4 to $133.0M in 2026Q1, suggesting that the firm's balance sheet is undergoing a period of contraction that may reflect both market-driven AUM erosion and potential capital outflows.
The consistent downward trend in total assets warrants investigation into whether this reflects a strategic downsizing or a loss of competitive positioning in the UHNW segment. Investors should monitor if this contraction limits the firm's ability to maintain its high-touch service model without further margin degradation.
Goodwill Dominance Masks Asset Quality
Based on the provided balance sheet data, goodwill remains stagnant at $63.7M, representing nearly 48% of total assets as of 2026Q1, which indicates that a significant portion of the firm's book value is tied to intangible acquisition premiums rather than tangible operating assets.
The high concentration of goodwill relative to total assets suggests that the firm's valuation is heavily dependent on the historical success of past acquisitions. This creates a risk of impairment if the underlying advisory teams or client relationships fail to generate the expected long-term fee streams.
Liquidity Buffer Shows Significant Variance
According to the quarterly balance sheet, the current ratio has fluctuated wildly from a high of 41.87 in 2024Q4 to 2.89 in 2026Q1, indicating that the firm's short-term liquidity position is highly sensitive to working capital swings and cash management decisions.
While the current ratio remains above 1.0, the extreme volatility suggests that the firm's liquidity is not as stable as the headline figures might imply. This inconsistency may complicate capital allocation planning and suggests that the firm's cash position is subject to significant, unpredictable operational demands.
Equity Erosion Reflects Operational Pressures
As indicated by the financial statements, equity has declined from $82.7M in 2023Q4 to $46.9M in 2026Q1, a trend that appears to be driven by a combination of stagnant retained earnings and potential capital distributions to partners.
The reduction in equity base suggests that the firm is not effectively compounding value for shareholders, potentially due to the high compensation costs inherent in its boutique model. This trend warrants caution, as a shrinking equity base may limit the firm's financial flexibility during periods of market stress.
Hidden Risks in Intangible Valuation
Based on the reported figures, the firm's reliance on $63.7M in goodwill, which has remained unchanged for ten quarters, may obscure the true economic value of its client relationships in a changing interest rate and market environment.
The lack of movement in the goodwill account suggests that the firm may be avoiding necessary impairment testing or that the assets are being carried at historical cost despite potential shifts in the competitive landscape. Investors should consider the risk that these intangible assets may not be as durable as the balance sheet currently implies.