NASDAQ$SAMG

Silvercrest Asset Manageme-A · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Silvercrest reported a decrease in revenue and adjusted EBITDA compared to Q1 2022, while AUM increased slightly from the previous quarter.

Silvercrest Asset Management Group reported a decrease in revenue by 12.2% compared to Q1 2022, which affected Adjusted EBITDA and Adjusted Diluted Earnings per Share. Total AUM concluded the quarter at $29.9 billion, with Discretionary AUM at $21.3 billion, representing a 1.9% increase over Q4 2022.

  • Total AUM reached $29.9 billion, including $21.3 billion in discretionary AUM and $8.6 billion in non-discretionary AUM.
  • Revenue amounted to $29.4 million, a 12.2% decrease compared to the same quarter last year.
  • GAAP net income was reported at $5.3 million, with net income attributable to Silvercrest at $3.2 million.
  • Adjusted EBITDA stood at $8.2 million, with an Adjusted EBITDA Margin of 27.8%.

Headline financials

Total Revenue

$29.4M

Previous: $33.5M-12.2%
EPS (adj)

$0.35

Previous: $0.45-22.2%
Assets under management

29.9B

Previous: 31.2B-4.2%
Discretionary AUM

$21.3B

Previous: $23.8B-10.5%
Non-Discretionary AUM

$8.6B

Previous: $7.4B+16.2%
Adjusted EBITDA

$8.2M

Previous: $10.3M-20.4%
Adjusted EBITDA Margin

27.8%

Previous: 30.6%-9.2%
Capital Expenditures

-$1.06M

Previous: -$33K-3121.2%
Free Cash Flow

$2.14M

Previous: $7.54M-71.6%
Net Income

$3.2M

Previous: $7.57M-57.7%
Operating Income

$6.75M

Previous: $15.4M-56.3%
Gross Profit

$39K

Previous: $38K+2.6%
Cash & Equivalents

$41.6M

Previous: $57M-27.0%
Total Assets

$179M

Previous: $198M-9.7%
Stock-Based Comp

$312K

Previous: $228K+36.8%

Revenue & EPS history

Silvercrest · Revenue · Quarterly

$29.4M

Q1 2023-12.2%vs Q1 2022
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

Silvercrest · $30.7M total across 2 segments · Q2 2025

  • Management and advisory fees
    $29.5M
  • Family office services
    $1.16M

Forward guidance

The company did not provide specific financial forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.6%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+0.1%

Avg return

30 days after

45%

24 / 53 earnings

Positive

+10.3%

Q4 2021

Best reaction

-10.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-0.5%-10.1%-16.5%
Q4 2025+2.6%-5.6%-3.8%
Q3 2025-0.5%-2.7%-3.8%
Q1 2025-10.1%-9.0%-7.2%
Q4 2024-1.3%-1.8%-11.4%
Q3 2024-6.6%-3.4%+4.4%
Q2 2024-9.1%-14.2%-8.6%
Q1 2024-1.8%+2.1%+3.6%
Q4 2023-6.0%-6.9%-11.6%
Q3 2023+0.3%-5.4%-9.9%
Q2 2023-4.1%-4.0%-11.6%
Q1 2023-2.1%+8.2%+12.8%
Q4 2022-1.5%-1.2%+2.9%
Q3 2022+0.1%-0.9%+6.4%
Q2 2022+3.8%+1.4%+11.5%
Q1 2022-0.4%-8.9%+1.5%
Q4 2021+10.3%+3.8%+26.8%
Q3 2021+1.2%+1.4%-2.3%
Q2 2021+4.5%+10.6%+6.6%
Q1 2021+1.5%-2.0%+18.8%
Q4 2020+3.5%+5.2%-0.1%
Q3 2020-7.8%+6.5%+19.4%
Q2 2020-1.3%+11.1%+12.8%
Q1 2020-5.1%-6.4%+5.5%
Q4 2019-6.5%-17.3%-24.4%
Q3 2019+3.7%+7.9%+5.5%
Q2 2019-5.1%-1.0%-8.8%
Q1 2019+3.1%+1.7%-8.2%
Q4 2018-5.9%-0.3%-6.7%
Q3 2018+1.2%-2.0%-2.9%
Q2 2018-2.6%-4.0%-9.2%
Q1 2018+0.0%+0.3%+3.9%
Q4 2017-3.8%-0.6%-3.4%
Q3 2017+3.1%+0.9%-4.9%
Q2 2017+0.4%+0.8%-1.6%
Q1 2017-2.3%+2.7%+3.9%
Q4 2016-5.9%-3.3%-5.9%
Q3 2016+3.2%+5.0%+17.6%
Q2 2016+0.4%-1.9%+1.9%
Q1 2016-0.4%
Q4 2015+4.9%
Q3 2015-2.8%
Q2 2015+4.8%
Q1 2015-2.6%
Q4 2014+3.2%
Q3 2014-1.9%
Q2 2014+2.6%
Q1 2013+3.8%
Q1 2014-1.8%
Q4 2013+2.2%
Q4 2012-1.5%
Q3 2013+2.6%
Q2 2013+0.6%
Q3 2012
Q2 2012
Q1 2012

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