SAMG 8-K SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

SAMG ▼ -4.46% at T+5d

SHORT call ✓ call won +4.46% · α vs SPY +4.54% · entry $12.56 → $12.00

Next anchor: T+20d due 18h ago

Last close $10.93 (close Jun 8) · +12.98% from $12.56 entry (call sign-flipped)

Entry anchored
May 11, 2026
via day open

T+1d

0.00%

call 0.00% · α +0.54%

$12.56

settled 29d ago

T+5d

-4.46%

call +4.46% · α +4.54%

$12.00

settled 23d ago

T+20d

—

call — · α —

—

due 18h ago

T+60d

—

call — · α —

—

in 8w

Price Chart

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Executive Summary

Silvercrest Asset Management Group reported Q1 2026 results with flat revenue YoY at $31.4M, but GAAP net income collapsed 86% to $0.5M from $3.9M a year ago, driven by a 13.5% expense increase as the firm continues a heavy investment cycle. Adjusted diluted EPS of $0.12 missed the $0.39 Street consensus by a wide margin, and discretionary AUM fell 3.7% sequentially on net institutional outflows. The stock will likely trade down on the earnings miss and continued margin compression.

Actionable Insight

The earnings miss is severe and the expense trajectory shows no near-term relief. Watch for the Q2 conference call on May 12 for any update on the AUM pipeline conversion and whether the elevated comp ratio is sustainable. The stock may test new lows given the cash burn and lack of revenue growth.

Key Facts

Q1 2026 revenue flat at $31.4M vs $31.4M YoY
GAAP net income fell 86% to $0.5M from $3.9M YoY
GAAP EPS of $0.03 vs $0.26 YoY
Adjusted diluted EPS of $0.12 vs $0.27 YoY, missing $0.39 consensus
Total expenses rose 13.5% to $30.1M, comp ratio 67.2% vs 60.2% YoY
Discretionary AUM fell 3.7% sequentially to $23.1B on net institutional outflows
Cash burned to $11.6M from $44.1M at year-end; term loan drawn to $10.0M
Quarterly dividend maintained at $0.21/share

Financial Impact

Adjusted EPS of $0.12 missed consensus of $0.39 by 69%; GAAP net income declined $3.4M YoY

epsnet incomeaumoperating expensescash

Risk Factors

Continued institutional outflows pressuring AUM and revenue
Compensation ratio remains elevated with no timeline for normalization
Cash burn rate may require debt or equity financing if sustained
International expansion costs may not yield revenue for several quarters

Market Snapshot

Exchange

Nasdaq

Sector

Investment Advice

Analyst Consensus

88% bullish (8 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-216756
Document: samg-20260511.htm	0001193125-26-216756
Document: 0001193125-26-216756-index-headers.html	0001193125-26-216756
Document: 0001193125-26-216756-index.html	0001193125-26-216756
Document: 0001193125-26-216756.txt	0001193125-26-216756
8-K Data (Synthetic)	0001193125-26-216756

5 reports for SAMG

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for SAMG — sortable, filterable
	Type				Now
May 11, 2026 29d ago	8-K BEARISH ★ 7/10	$12.56 $12.00	▲ +4.46%	▲ +4.54%	$10.93 (+12.98%)
May 5, 2026 5w ago	Press Release NEUTRAL ★ 2/10	$13.18 $12.56	▼ −4.70%	▼ −5.83%	$10.93 (−17.07%)
Mar 16, 2026 12w ago	Press Release BEARISH ★ 6/10	$13.44 $13.20	▲ +1.79%	▼ −0.87%	$10.93 (+18.68%)
Mar 16, 2026 12w ago	8-K NEUTRAL ★ 3/10	$14.14 $13.73	▼ −2.90%	▼ −0.86%	$10.93 (−22.70%)
Mar 13, 2026 12w ago	Press Release NEUTRAL ★ 3/10	$14.14 $13.73	▼ −2.90%	▼ −0.86%	$10.93 (−22.70%)

US Market Status

Market Closed — Opens in 7h 23m

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