Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Financial Condition (Unaudited)

v3.25.1
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 36,255 $ 68,611
Investments 1,007 1,354
Receivables, net 12,288 12,225
Furniture, equipment and leasehold improvements, net 7,331 7,387
Goodwill 63,675 63,675
Operating lease assets 14,925 16,032
Finance lease assets 221 254
Intangible assets, net 16,096 16,644
Deferred tax asset 3,813 4,220
Prepaid expenses and other assets 3,579 3,085
Total assets 159,926 194,432
Liabilities and Equity    
Accounts payable and accrued expenses 2,494 1,953
Accrued compensation 9,085 39,865
Operating lease liabilities 21,023 22,270
Finance lease liabilities 230 262
Deferred tax and other liabilities 10,402 10,389
Total liabilities 43,234 74,739
Commitments and Contingencies (Note 9)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding
Additional Paid-In Capital 59,068 56,369
Treasury stock, at cost, 1,291,342 and 1,074,279 shares as of March 31, 2025 and December 31, 2024, respectively (23,634) (19,728)
Accumulated other comprehensive income (loss) (49) (43)
Retained earnings 44,511 43,953
Total Silvercrest Asset Management Group Inc.’s equity 80,042 80,697
Non-controlling interests 36,650 38,996
Total equity 116,692 119,693
Total liabilities and equity 159,926 194,432
Silvercrest Funds    
Assets    
Due from Silvercrest Funds $ 736 $ 945
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Class A Common Stock    
Equity    
Common stock, value $ 107 $ 104
Class B Common Stock    
Equity    
Common stock, value $ 39 $ 42