GET DAILY SIGNALSSilvercrest Asset Management Group (SAMG) Posts Revenue Beat but Earnings Miss in Q3 2026
Key Takeaways
- Silvercrest Asset Management Group Inc. (SAMG) reported third-quarter 2026 revenue of $32.7 million, up 4.5% from $31.3 million a year earlier and slightly ahead of the $31.85 million consensus estimate.
- GAAP net income attributable to Silvercrest was $0.6 million, or $0.08 per basic and diluted share, missing the analyst estimate of $0.10 per share.
- Adjusted EBITDA was $4.3 million, or 13.5% of revenue, down from $4.5 million, or 14.5% of revenue, in the prior-year period.
- Total assets under management (AUM) declined to $36.2 billion, including $23.8 billion in discretionary AUM, as net client outflows and softer market conditions pressured balances.
- The company declared a quarterly Class A common-stock dividend of $0.21 per share, underscoring its continued commitment to returning capital to shareholders.
Earnings Context and Why It Matters
Silvercrest Asset Management Group is a New York-based wealth management firm serving ultra-high-net-worth individuals, families, and institutional investors. Its quarterly results matter because they reveal how effectively the firm is attracting and retaining client assets at a time of elevated operating investment. The company has been funding succession planning, new staff, and international expansion in markets such as Ireland and Singapore, which has kept compensation and administrative costs elevated. With total AUM slipping year over year and net client outflows weighing on balances, investors are watching whether revenue growth and cost normalization can eventually translate into higher profitability and support the firm's dividend and share-repurchase program. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Reported Results
For the third quarter ended September 30, 2026, Silvercrest reported revenue of $32.7 million, a 4.5% increase from $31.3 million in the prior-year quarter and modestly above the consensus estimate of $31.85 million. GAAP consolidated net income was $1.2 million, with net income attributable to Silvercrest of $0.6 million, or $0.08 per basic and diluted share, falling short of the analyst estimate of $0.10 per share.
Adjusted net income was $1.9 million, or $0.16 per adjusted basic and diluted share, while adjusted EBITDA came in at $4.3 million, or 13.5% of revenue, compared with $4.5 million, or 14.5% of revenue, a year earlier. Total AUM stood at $36.2 billion at quarter-end, down from $37.6 billion a year earlier, with discretionary AUM of $23.8 billion. The decline reflected softer market conditions and net client outflows, though the firm added new client accounts during the quarter. For the nine-month period, revenue rose 1.6% to $94.9 million.
Market Reaction and Investor Sentiment
Silvercrest's results highlighted a familiar tension for investors: steady revenue growth alongside persistent cost pressure and shrinking AUM. The revenue beat was offset by an earnings miss, as elevated compensation, general and administrative expenses, and international expansion continued to weigh on margins. Discretionary AUM declined by roughly $0.9 billion during the quarter, driven in part by client withdrawals, which tends to dampen sentiment around future fee income. Management's commentary about a transition period in certain investment capabilities and a potential pause in aggressive capital returns suggests the market may focus on when recent investments begin contributing to growth. The stock has traded near multi-year lows, reflecting investor caution about the pace of that turnaround. From what I see, this dynamic is worth monitoring closely in the quarters ahead.
Forward Outlook and Key Factors to Monitor
Looking ahead, investors should monitor whether Silvercrest can stabilize and grow its discretionary AUM after a quarter of outflows. New client additions provide an early signal, but sustaining positive net flows will be critical to rebuilding fee income. Management has indicated a pipeline in the billions of dollars across newer capabilities, though timing remains uncertain.
Cost discipline is another key watchpoint. The firm expects its compensation ratio to remain elevated as recent hires and investments mature, so any evidence of operating leverage as revenue grows would be a positive sign. Progress on international initiatives, including operations in Ireland and Singapore, will also matter, since these expansions have been a notable source of higher expenses.
Finally, shareholders will track capital-return decisions. Silvercrest has historically combined a high dividend yield with share repurchases, but management signaled a possible pause as investments come to fruition. Any shift in dividend policy, buyback activity, or guidance on the timing of improved profitability will be closely watched in the quarters ahead. I’m watching this closely as the firm works through its transition phase.
Exploring Tickeron’s AI Daily Buy/Sell Signals
In my own research process, I’ve found Tickeron’s AI Daily Buy/Sell Signals particularly useful for tracking sentiment shifts and potential entry points around earnings releases like this one. The platform applies AI-driven analysis to generate daily signals across a wide range of equities, helping me quickly assess momentum and risk factors without spending hours on manual charts. It’s become a regular part of how I cross-check ideas before forming a fuller view on names such as SAMG.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
SAMG in upward trend: 10-day moving average crossed above 50-day moving average on September 30, 2026
The 10-day moving average for SAMG crossed bullishly above the 50-day moving average on September 30, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 10 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 71%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 28, 2026. You may want to consider a long position or call options on SAMG as a result. In 73 of 115 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 63%.
SAMG moved above its 50-day moving average on September 24, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +3.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where SAMG advanced for three days, in 171 of 280 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
The Aroon Indicator entered an Uptrend today. In 107 of 178 cases where SAMG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 60%.
Bearish Trend Analysis
The 10-day RSI Indicator for SAMG moved out of overbought territory on September 30, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 29 similar instances where the indicator moved out of overbought territory. In 16 of the 29 cases, the stock moved lower in the following days. This puts the odds of a move lower at 55%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 42 of 58 cases where SAMG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 72%.
The Moving Average Convergence Divergence Histogram (MACD) for SAMG turned negative on October 20, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 39 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SAMG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 2 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 59 (best 1 - 100 worst), indicating steady price growth. SAMG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 89 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 93 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.759) is normal, around the industry mean (2.397). P/E Ratio (73.929) is within average values for comparable stocks, (-3.450). Projected Growth (PEG Ratio) (1.770) is also within normal values, averaging (1.319). Dividend Yield (0.081) settles around the average of (0.272) among similar stocks. P/S Ratio (0.617) is also within normal values, averaging (15.798).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SAMG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.
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General Information
a provider of financial advisory and related family office services
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