secwatch.observer — SEC 8-K summary
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Issuer:     Silvercrest Asset Management Group Inc. (SAMG)
CIK:        0001549966
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001193125-26-108350
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silvercrest posts Q4 GAAP net loss of $0.1M; adjusted EBITDA margin falls to 8.9%
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- GAAP net loss $0.1M ($0.01/share loss) vs net income $2.7M in Q4 2024; revenue flat at $32.0M.
- Adjusted net income Q4 $2.3M ($0.19 basic EPS); adjusted EBITDA $2.9M (8.9% margin) vs $5.1M (15.9%) a year ago.
- Full-year 2025 revenue $125.3M (+1.3%); GAAP net income $8.1M (6.4% margin) vs $15.7M (12.7%) in 2024.
- Discretionary AUM $24.0B at Dec 31, up 3% YoY but down 1.2% QoQ; total AUM $37.0B.
- Compensation ratio rose to 67.0% of revenue (vs 62.0%) due to strategic hires; nearly completed $25M buyback, $50.4M total repurchased.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549966/000119312526108350/0001193125-26-108350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549966/000119312526108350/samg-20260316.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-108350

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