For the Three Months Ended

March 31, 2026

March 31, 2025

Basic

Diluted

Basic

Diluted

Class A Common Stock

Included

Class B Common Stock (1)

Excluded

If-converted method

Excluded

If-converted method

Series A Preferred Stock (2)

Two-class method

More dilutive of two-class method or if-converted method

Two-class method

More dilutive of two-class method or if-converted method

Series C Preferred Stock (2)

Two-class method

More dilutive of two-class method or if-converted method

Two-class method

More dilutive of two-class method or if-converted method

Allianz Tranche Right(3)

Excluded

If-converted method

Excluded

If-converted method

Allianz Warrants(4)

Excluded

Treasury stock method

Excluded

Treasury stock method

Constellation Warrants(4)

Excluded

Treasury stock method

Excluded

Treasury stock method

Earn-Out Shares(5)

Excluded

Treasury stock method

Excluded

Treasury stock method

PW Deferred Consideration Shares(6)

—

Included

Acquisition-Related Awards(7)

Excluded

Included

Excluded

Included

Unvested RSUs(8)

Excluded

Treasury stock method

Excluded

Treasury stock method

Unvested PRSUs (8)

Excluded

Treasury stock method

Excluded

Treasury stock method

(1) The if-converted method for instruments related to the Company’s Business Combination and Envoi earn-out liability includes adding back to the numerator any related income or loss allocations to noncontrolling interest, as well as any incremental tax expense had the instruments converted into shares of Class A Common Stock as of the beginning of the period. During the three months ended March 31, 2026 and 2025, Class B shares totaling 3,314,794 and 1,028,652, respectively, were converted into Class A Common Stock.

(2) The Company issued shares of Series A and C Preferred Stock in addition to warrants for shares of Class A Common Stock. Both Series A and C Preferred Stock are entitled to participate in dividends declared on common stock on an as-converted basis. This participation right requires application of the two-class method to calculate basic earnings per share. The two-class method requires income available to common stockholders for the period to be allocated between all participating instruments based upon their respective rights to receive dividends as if all income for the period had been distributed. Basic earnings per share is calculated using the proportion of net income available to be distributed to the common shareholders. Dilutive earnings per share is calculated using the more dilutive of the two-class method or the if-converted method. For the three months ended March 31, 2026 and 2025, the shares of Series A and C Preferred Stock were excluded from the Company’s diluted earnings per share calculation as the effects were determined to be anti-dilutive.

(3) The Allianz Tranche Right grants Allianz the right, but not the obligation, to purchase up to 50,000 additional shares of Series A Preferred Stock at an aggregate purchase price of up to $50 million. Any additional shares of Series A Preferred Stock issued to Allianz will abide under the same conditions and terms as under the Investment. The Allianz Tranche Right is classified as a contingently convertible instrument and will be included in the calculation of diluted earnings per share if the right has been exercised within the reporting period. As of the current quarter ended March 31, 2026, an additional 18,471 shares under the Allianz Tranche Right were issued; however, these shares were excluded from the Company’s diluted earnings per share calculation as the effects were determined to be anti-dilutive.

(4) As mentioned in footnotes 2 above, the Company issued shares of Series A and C Preferred Stock in addition to warrants for Class A Shares to Allianz and Constellation. The warrants do not participate in dividends declared on common stock and are excluded from the calculation of basic earnings per share. Since the warrants are classified as a component of equity and can be exercised in exchange for Class A Shares, the treasury stock method is used to calculate diluted earnings per share. For the three months ended March 31, 2026 and

(5) Earn-Out Shares are the portion of estimated contingent consideration related to the Business Combination, EEA earn-out liability, and Envoi growth-consideration liability that could be paid out in Class A Common Stock. Earn-Out shares are excluded from the calculation of basic earnings per share if the contingency has not been resolved as of the current reporting period.

The treasury stock method is applied for calculating diluted earnings per share since our Earn-Outs are classified as liabilities and remeasured at fair value each period and includes reversing the income statement effect of the fair value remeasurement for the period. For the three months ended March 31, 2026, all Earn-Out shares were excluded from the calculation of diluted earnings per share as their effects were determined to be anti-dilutive. For the three months ended March 31, 2025, the Earn-Out shares related to EEA and Envoi were included in dilutive earnings per share, while those related to the Business Combination were excluded as the effects were determined to be anti-dilutive.

(6) PW Deferred Consideration Shares relate to the portion of deferred consideration payable in Class A Common Stock upon meeting certain revenue thresholds related to our PW acquisition. During the quarter ended March 31, 2025, the PW Deferred Consideration Shares were issued to the sellers and are included in the Company’s basic earnings per share. As of March 31, 2025, there were no further contingent shares outstanding related to the PW Deferred Consideration Shares. Refer to Note 4 (Business Combinations) for further details.

(7) Acquisition-Related Awards include EEA Equity Awards, Envoi Equity Awards, Singapore Equity Awards and Kontora Earn-Ins. Certain compensatory awards related to the PW acquisition (the “PW Equity Awards”) were reclassified to be paid out fully in cash rather than equity during the quarter ended March 31, 2025. As such, the PW Equity Awards were excluded from the Company’s earnings per share calculations.

For diluted earnings per share, a contingency that is based on solely on service vesting (i.e., the passage of time) is considered resolved in the current reporting, and the shares are included in the calculation of diluted earnings per share in the current reporting period. The Envoi Equity Awards represent a defined percentage of Envoi growth-consideration Earn-Out Shares allocated to certain employees and are therefore initially contingent on the achievement of the Earn-out Share conditions.

For the three months ended March 31, 2026, the Acquisition-Related Awards, excluding Envoi Equity Awards, are included in the diluted earnings. For the three months ended March 31, 2025, the Acquisition-Related Awards were excluded because their effects were determined to be anti-dilutive. These awards included the PW Equity Awards and Holbein Earn-Ins through the quarters ended March 31, 2025 and June 30, 2025, respectively. Refer to Note 6 (Equity-Based Compensation) for additional details for the Acquisition-Related Awards.

The treasury stock method is applied for calculating the dilutive effects of share-based payment awards. For the three months ended March 31, 2026 and March 31, 2025, unvested RSUs and PRSUs were excluded from the Company’s diluted earnings per share calculation as the effects were determined to be anti-dilutive. See Note 6 (Equity-Based Compensation) for additional details.

Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of Class A Common Stock outstanding during the period. Diluted earnings per common share excludes potentially dilutive instruments which were outstanding during the period but were anti-dilutive. The following table shows the computation of basic and diluted earnings per share based on income attributable to common shareholders:


	For the Three Months Ended
(Dollars in Thousands, except share data)	March 31, 2026		March 31, 2025
Numerator:
Net income (loss) from continuing operations	$	8,390	$	4,037
Net income (loss) attributable to noncontrolling interests in subsidiaries from continuing operations	686		(4,792)
Net income (loss) attributable to AlTi Global Inc	$	7,704	$	8,829
Less: Preferred stock dividends	(6,371)		(5,661)
Less: Undistributed earnings allocated to participating securities	(596)		(1,510)
Income (loss) from continuing operations available to Class A shareholders - basic	$	737	$	1,658
Dilutive effect of Class B Common Stock	—		(4,792)
Dilutive effect of Earn-Out Shares	—		(343)
Income (loss) from continuing operations available to Class A shareholders - diluted	$	737	$	(3,477)

Denominator:
Weighted-average shares of Class A Common Stock outstanding - basic	105,021,861		94,883,803
Dilutive effect of Class B Common Stock	—		49,069,963
Dilutive effect of Earn-Out Shares	—		3,210,302
Dilutive effect of Stock Awards	3,778,975		—
Dilutive effect of Acquisition-Related Awards	2,077,533		—
Weighted-average shares of Class A Common Stock outstanding - diluted	110,878,369		147,164,068
Income (loss) from continuing operations per Class A Common Stock - basic	$	0.01	$	0.02
Income (loss) from continuing operations per Class A Common Stock - diluted	$	0.01	$	(0.02)