Silvercrest Asset Management Group Inc. SEC 10-Q Report

Silvercrest Asset Management Group Inc., a leading provider of investment management and family office services, has released its Form 10-Q report for the second quarter of 2025. The report provides a detailed overview of the company's financial performance and operational highlights for the three and six months ended June 30, 2025.

Financial Highlights

Total Revenue: $30.7 million for the three months ended June 30, 2025, reflecting a slight decrease from $31.0 million in the same period of 2024.

Total Revenue: $62.1 million for the six months ended June 30, 2025, showing a modest increase from $61.3 million in the same period of 2024.

Net Income: $3.1 million for the three months ended June 30, 2025, compared to $4.4 million in the same period of 2024, indicating a decrease in profitability.

Net Income: $7.1 million for the six months ended June 30, 2025, down from $9.3 million in the same period of 2024, reflecting reduced profitability.

Net Income Attributable to Silvercrest: $1.9 million for the three months ended June 30, 2025, compared to $2.7 million in the same period of 2024.

Net Income Attributable to Silvercrest: $4.4 million for the six months ended June 30, 2025, down from $5.7 million in the same period of 2024.

Basic EPS: $0.21 for the three months ended June 30, 2025, compared to $0.28 in the same period of 2024.

Diluted EPS: $0.21 for the three months ended June 30, 2025, compared to $0.28 in the same period of 2024.

Basic EPS: $0.47 for the six months ended June 30, 2025, compared to $0.60 in the same period of 2024.

Diluted EPS: $0.47 for the six months ended June 30, 2025, compared to $0.60 in the same period of 2024.

Business Highlights

Revenue Segments: The company reported revenue from managed accounts, Silvercrest funds, tax and family office services, and fund administration. Managed accounts contributed $28,605 for the three months ended June 30, 2025, and $57,946 for the six months ended June 30, 2025. Silvercrest funds generated $911 and $1,837 for the three and six months ended June 30, 2025, respectively. Tax and family office services brought in $1,078 and $2,130 for the same periods, while fund administration added $79 and $152.

Geographical Performance: The company operates primarily in the United States, providing investment management and family office services to individuals, families, trusts, endowments, foundations, and other institutional investors.

Future Outlook: The company continues to focus on providing investment management and family office services, with an emphasis on maintaining and growing its assets under management. The management is also evaluating the impact of recent legislative changes, such as the One Big Beautiful Bill Act, on its operations and financial statements.

SEC Filing: Silvercrest Asset Management Group Inc. [ SAMG ] - 10-Q - Jul. 31, 2025