Fiera Capital reports Q1 GAAP EPS of $0.38 as revenue reaches $153.3M, with adjusted EBITDA down 21.9% sequentially.
Fiera Capital posted Q1 GAAP earnings per share of $0.38 on revenue of $153.3 million. The results reflect a decline in adjusted EBITDA to $42.7 million, a $12.0 million drop from Q4 2025.
The 21.9% sequential decline in adjusted EBITDA was driven by lower performance fees crystallized in the quarter, partially offset by reduced employee compensation. Revenue remained steady compared to recent periods.
No immediate market reaction was disclosed in the release.