Quarterly Financial Report

[Your Business Name]

Q1 2026 · January – March
Prepared byOffice of the CFO
IssuedApril 18, 2026
AudienceBoard of Directors

Executive summary three-month overview

Revenue
$42.8M
▲ +11.2% YoY
Expenses
$31.4M
▲ +6.8% YoY
Net income
$11.4M
▲ +28.4% YoY

Revenue by segment last four quarters

$35.5M
Q2 25
$37.7M
Q3 25
$39.9M
Q4 25
$42.8M
Q1 26
Wealth Management Institutional Advisory Custody

Top customers by Q1 contribution

CustomerSegmentRevenueShare
[Customer Company 1] Institutional $4,180,000 9.8%
[Customer Company 2] Institutional $3,240,000 7.6%
[Customer Company 3] Wealth Management $2,810,000 6.6%
[Customer Company 4] Advisory $2,420,000 5.7%
[Customer Company 5] Custody $1,980,000 4.6%
[Customer Company 6] Wealth Management $1,640,000 3.8%

Expense breakdown operating expenses

Personnel
$17,840,000
Technology & data
$4,620,000
Office & facilities
$2,180,000
Compliance & legal
$2,940,000
Marketing & travel
$1,810,000
Other operating
$2,010,000

Key metrics vs prior quarter

Gross margin
68.4%
prior: 66.1%
Up 230 bps
Operating margin
26.6%
prior: 22.4%
Cost discipline
AUM
$8.2B
prior: $7.5B
Net inflows $480M
Client retention
96.4%
prior: 95.8%
Voluntary attrition only

CFO notes

Revenue grew 11.2% YoY, driven by net new assets in Wealth Management and a record fee quarter in Advisory.

Operating expenses rose 6.8% YoY, below revenue growth — yielding 420 bps of operating-margin expansion.

We completed the migration to our new custody platform on schedule and within budget; one-time costs of $0.6M are reflected under Technology & data.

No material litigation or regulatory matters arose in the quarter. Capital ratios remain well above regulatory minimums.

Outlook: management reiterates full-year guidance of $176M–$182M in revenue and operating margin between 25% and 28%.