AssetMark Q1 net income $38M, adj. net income $45.2M; platform assets $116.9B (+21.5% YoY)

AssetMark Financial Holdings, Inc.

2024-Q1 EPS reported $0.50 revenue$190,266,000

Net income $38.0M ($0.51/sh); adjusted net income $45.2M ($0.60/sh) on revenue $190.3M.
Adjusted EBITDA $65.9M (34.6% margin); revenue up 11.7% YoY.
Platform assets $116.9B (+21.5% YoY); net flows $1.8B; 169 new producing advisors added.
Guidance withdrawn due to pending GTCR acquisition; no Q1 earnings call hosted.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AssetMark Financial Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $190.3 million, net income $38.0 million, EPS $0.51 per share.

Period: first quarter ended March 31, 2024
Revenue: $190.3 million
Net income: $38.0 million
EPS: $0.51 per share
Result: reported results

Exact text from the filing

AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended March 31, 2024. First Quarter 2024 Financial and Operational Highlights • Net income for the quarter was $38.0 million, or $0.51 per share. • Adjusted net income for the quarter was $45.2 million, or $0.60 per share, on total revenue of $190.3 million.

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Source: SEC EDGAR

accession 0001591587-24-000016

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