Why ALTI Stock Traded Steady Today — RQD Quant Desk Flash

Per the Roarable RQD rating, ALTI scores 23 out of 100, a letter grade of E, with the verdict "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are: Fundamental Cash Engine at 3/20 (ROIC -10.5%; FCF yield 0%), Whale 13F Flow at 3/20, Insider Conviction at 3/20, Macro Regime Fit at 6/20 (Beta 1.0), and Forensic Balance Sheet at 8/20 (Altman Z 2.5; Piotroski F 1/9; Debt/Equity 0.5). For a prospective investor, the low fundamental pillar means the cash engine is not currently generating returns on capital, so any upside would depend on a turnaround not evidenced in the reported figures. The weak Piotroski score signals weak year-over-year financial quality, and the 3/20 institutional and insider pillars indicate the source data shows little supportive smart-money conviction. The valuation tradeoff is that a $2.56 price against a $399.2M market cap cannot be anchored to earnings, since P/E and EPS are not available in source data; the stock's 52-week range of $2.26–$5.45 shows substantial price volatility. The macro pillar's moderate score reflects only a beta of 1.0, which is market-level sensitivity rather than a positive signal.

Per the SEC financials, all three reported periods show operating and net losses. Per the market data, operating margin is -29% and net margin is -46.9%, with gross margin at 0%. ROIC is -10.5% per the market data, and per the Roarable RQD rating the Altman Z-Score is 2.5 and the Piotroski F-Score is 1/9. Cash declined from $64.4M in FY 2024 to $41.2M in FY 2025, and Debt/Equity is 0.5 per the Roarable RQD rating.

Per the recent news feed, the catalysts include: a MarketBeat item reporting an upgrade to "Hold" at Zacks Research (flagged as a CATALYST with a GREEN light); an Investing.com India report that AlTi Global secured an $85 million credit facility with a term loan and revolving credit (flagged YELLOW); a Moomoo options-chain report, a TradingView estimates report, and two Simply Wall St pieces on money market managers and China exposure, all flagged YELLOW. The feed contains no quantitative earnings guidance. Per the Butterfly Supply-Chain Graph, supply_chain is NONE, with no butterfly links and no proprietary signals.

• What is the basis for the $85 million credit facility, its maturity, and its covenant terms, given that the source data reports debt as N/A?
• Why did FCF turn from -$58.2M in FY 2024 to a 0% FCF yield, and what drives the cash-burn trajectory?
• What share of revenue is fee-based versus performance-based, and how did the FY 2023 net loss of $-165.6M arise relative to its operating loss of $-48.2M?
• What are the EPS and valuation multiples on a trailing or forward basis?
• Are there any insider, 13F, or Congressional ownership changes that the holder data would reflect?