Silvercrest Q3 EPS $0.08, Adjusted $0.16; Discretionary AUM Slips to $23.8B
SAMG is trading near its 52-week low of $9.09 (15% above the low).
Summary
Silvercrest reported Q3 2026 revenue of $32.7 million and adjusted EPS of $0.16, with discretionary AUM down to $23.8 billion on weaker markets. The board declared a $0.21 quarterly dividend, and the company will retire its non-discretionary AUM reporting in Q1 2027.
Key Events · Earnings and Guidance · SAMG
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Q3 Revenue Up 4.5% to $32.7M
Revenue rose to $32.7 million from $31.3 million a year ago on a higher average annual management fee. GAAP net income attributable to Silvercrest was $0.6 million, or $0.08 per share.
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Adjusted EBITDA Margin Compresses
Adjusted EBITDA fell to $4.4 million, or 13.5% of revenue, from $4.5 million and 14.5% a year earlier. For the nine months, adjusted EBITDA was $11.6 million versus $16.8 million.
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Discretionary AUM Falls to $23.8B
Discretionary AUM dropped $939.2 million in the quarter, mostly $811 million of market depreciation, while net client flows were roughly flat and new client accounts added $182.2 million.
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$0.21 Quarterly Dividend Declared
The board declared a $0.21 per share dividend payable December 18, 2026 to stockholders of record on December 11, 2026.
Analysis · SAMG · Finance
The investment cycle is still weighing on Silvercrest's earnings. Revenue rose 4.5% to $32.7 million, but adjusted EBITDA fell to $4.4 million (13.5% margin) from $4.5 million (14.5%), and nine-month net income attributable to Silvercrest dropped to $1.1 million from $5.0 million. Discretionary AUM — the number that actually drives fees — fell $939.2 million to $23.8 billion on market depreciation, though net flows were roughly flat and new client wins of $182.2 million were the best quarter of 2026. Management also flagged that it will drop the non-discretionary AUM category at the end of Q1 2027, which will cut reported total AUM with no revenue effect; investors should anchor on the $23.8 billion discretionary figure. The $0.21 quarterly dividend is unchanged in size and keeps the payout intact despite the profit decline.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.6% of the 1568 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SAMG was trading at $10.45 on NASDAQ in the Finance sector, with a market capitalization of approximately $122.6M. The 52-week trading range was $9.09 to $16.16. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.