AssetMark Financial Holdings Inc. (AMK) Misses Q1 EPS by 1c

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Go back to AssetMark Financial Holdings Inc. (AMK) Misses Q1 EPS by 1c

AssetMark Reports $78.9B Platform Assets for First Quarter 2021

May 4, 2021 4:15 PM EDT

CONCORD, Calif., May 04, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended March 31, 2021.

First Quarter 2021 Financial and Operational Highlights

Net loss for the quarter was $8.9 million, or $0.13 per share.Adjusted net income for the quarter was $22.2 million, or $0.30 per share, on total revenue of $119.0 million.Adjusted EBITDA for the quarter was $34.1 million, or 28.6% of total revenue.Platform assets increased 40.8% year-over-year and 5.9% quarter-over-quarter to $78.9 billion, aided by quarterly record net flows of $1.9 billion and market... More