Publication

$SAMG — Valye Company Analysis #assetmanagement #BlackRock #FranklinTempleton #Invesco Silvercrest Asset Management reported Q3 2026 net income of $648,000 and cash of $27.8 million, showing ongoing profitability despite mixed quarterly performance. The business model hinges on fee income from assets under management (AUM), b Key points: • Silvercrest reported $648,000 in net income and $27.8 million in cash for Q3 2026, continuing its streak of quarterly profitability. [S2] • Quarterly earnings and revenues have shown variability through 2026, reflecting both market volatility and competitive pressures. [N1] [N5] • The company has not disclosed current asset or liability details, limiting clarity on short-term liquidity and working-capital dynamics. [S2] • Fee-based revenue from client assets under management remains the core economic engine, making AUM retention and growth critical. • Competitive differentiation relies on established client relationships and brand recognition, but switching frictions in the industry may be modest.

$FET — Valye Company Analysis #oilfieldservices #NationalOilwellVarco #Schlumberger #BakerHughes Forum Energy Technologies’ Q3 2026 results exceeded expectations, with net income of $11.23 million and a backlog of $311.6 million, mostly deliverable within six months. The company derives about 80% of its revenue from consumable products Key points: • Q3 2026 net income reached $11.23 million, with diluted EPS of $0.93, reflecting operational strength [S2] [N2]. • Backlog stood at $311.6 million at year-end 2025, with most orders due within six months but subject to cancellation [S1]. • Approximately 80% of 2025 revenue came from consumables and activity-based equipment, supporting steadier cash flow [S1]. • FET aims to double revenue and quadruple EBITDA by 2030, signaling aggressive growth ambitions [N6]. • No single customer accounted for more than 10% of revenue, indicating a diversified client base [S1].