$SEIC

SEI INVESTMENTS CO

CIK:0000350894|SEC Filings

Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Total revenue	$ 641,617	$ 559,601	$ 1,263,800	$ 1,110,945
Expenses:
Subadvisory, distribution and other asset management costs	59,980	49,709	116,726	97,241
Software royalties and other information processing costs	9,677	9,191	19,609	18,272
Compensation, benefits and other personnel	207,839	199,574	414,154	390,358
Stock-based compensation	16,313	13,891	30,809	28,029
Consulting, outsourcing and professional fees	56,269	56,942	110,672	112,943
Data processing and computer related	46,862	41,801	91,735	81,120
Facilities, supplies and other costs	21,453	21,744	41,775	40,499
Amortization	19,137	10,449	37,491	21,159
Depreciation	7,071	7,665	14,327	15,592
Total expenses	444,601	410,966	877,298	805,213
Income from operations	197,016	148,635	386,502	305,732
Net gain from investments	3,550	1,759	3,181	2,252
Interest and dividend income	7,012	9,283	14,174	19,504
Interest expense	(562)	(92)	(1,035)	(277)
Gain on sale of business	0	94,412	0	94,412
Other income	0	4,500	450	4,500
Equity in earnings of unconsolidated affiliates	38,694	33,640	71,170	62,387
Net gain from consolidated variable interest entities	7,475	0	9,554	0
Income before income taxes	253,185	292,137	483,996	488,510
Income taxes	53,645	65,054	107,669	109,910
Net income	199,540	227,083	376,327	378,600
Less: Net income attributable to non-controlling interests	3,882	0	6,182	0
Net income	$ 195,658	$ 227,083	$ 370,145	$ 378,600
Basic earnings per common share (in USD per share)	$ 1.63	$ 1.82	$ 3.06	$ 3.02
Shares used to compute basic earnings per share (in shares)	120,339	124,470	120,999	125,516
Diluted earnings per common share (in USD per share)	$ 1.59	$ 1.78	$ 2.99	$ 2.95
Shares used to compute diluted earnings per share (in shares)	123,334	127,278	123,914	128,364
Dividends declared per common share (in USD per share)	$ 0.52	$ 0.49	$ 0.52	$ 0.49
Asset management, administration and distribution fees
Revenues:
Total revenue	$ 513,482	$ 437,543	$ 1,011,466	$ 869,686
Information processing and software servicing fees
Revenues:
Total revenue	$ 128,135	$ 122,058	$ 252,334	$ 241,259

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 376,327	$ 378,600
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	14,327	15,592
Amortization	37,491	21,159
Equity in earnings of unconsolidated affiliates	(71,170)	(62,387)
Distributions received from unconsolidated affiliates	73,950	67,130
Stock-based compensation	30,809	28,029
Provision for losses on receivables	(170)	521
Deferred income tax benefit	(2,932)	(498)
Net loss (gain) from investments	(3,181)	(2,252)
Net gain from business divestiture	0	(94,412)
Change in other long-term liabilities	323	1,189
Change in other assets	(12,500)	(3,456)
Contract costs capitalized, net of amortization	(3,622)	(1,758)
Contingent consideration fair value adjustments	0	(2,354)
Insurance rebates received for Health and Welfare Benefit Plan Trust	0	14,500
Insurance rebates transferred to Health and Welfare Benefit Plan Trust	0	(14,500)
Other	695	(1,423)
Change in current assets and liabilities:
Receivables from investment products	2,782	5,023
Receivables	(75,739)	(79,422)
Other current assets	(11,404)	(6,321)
Advances due from unconsolidated affiliate	61,390	47,485
Accounts payable	5,141	3
Accrued liabilities	(73,442)	(68,279)
Deferred revenue	2,411	836
Consolidated variable interest entities related:
Net gain from investments	(9,554)	0
Total adjustments	(28,960)	(135,595)
Net cash provided by operating activities	347,367	243,005
Cash flows from investing activities:
Additions to property and equipment	(15,029)	(12,451)
Additions to capitalized software	(11,132)	(14,466)
Purchases of marketable securities	(81,568)	(85,681)
Prepayments and maturities of marketable securities	105,985	65,168
Purchases of interest in limited partnerships	0	(566)
Return of deposits on canceled acquisitions	17,594	0
Proceeds from fixed asset dispositions	0	1,165
Proceeds from business divestiture	0	116,020
Other investing activities	1,013	(3,921)
Net cash provided by investing activities	16,863	65,268
Cash flows from financing activities:
Purchase and retirement of common stock	(320,654)	(383,304)
Proceeds from issuance of common stock	90,466	87,381
Payment of dividends	(126,268)	(123,297)
Distributions to non-controlling interest holders	(1,351)	0
Net cash used in financing activities	(356,918)	(419,220)
Effect of exchange rate changes on cash and cash equivalents	(5,406)	17,103
Net change in cash and cash equivalents and cash and cash equivalents held at consolidated variable interest entities	1,906	(93,844)
Cash, cash equivalents and cash and cash equivalents held at consolidated variable interest entities, beginning of period	399,804
Cash, cash equivalents and cash and cash equivalents held at consolidated variable interest entities, end of period	395,664
Non-cash investing activities:
Application of previously funded acquisition deposits toward purchase consideration	60,431	0
Consolidated VIEs
Consolidated variable interest entities related:
Change from investment security transactions	5,394	0
Net gain from investments	(9,554)	0
Change in other assets and liabilities	41	0
Cash flows from financing activities:
Non-controlling interest capital raised, net	889	0
Cash, cash equivalents and cash and cash equivalents held at consolidated variable interest entities, beginning of period	470,595	840,193
Cash, cash equivalents and cash and cash equivalents held at consolidated variable interest entities, end of period	$ 472,501	$ 746,349

Consolidated Balance Sheets (unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 395,664,000	$ 399,804,000
Receivables from investment products	60,535,000	63,317,000
Receivables, net of allowance for doubtful accounts of $1,746 and $1,916	783,400,000	709,748,000
Securities owned	25,532,000	33,777,000
Other current assets	78,095,000	66,691,000
Total Current Assets	1,343,226,000	1,273,337,000
Property and Equipment, net of accumulated depreciation of $481,673 and $468,700	151,885,000	150,434,000
Operating Lease Right-of-Use Assets	32,345,000	26,447,000
Investments	318,909,000	428,004,000
Goodwill	389,420,000	354,989,000
Deferred Contract Costs	56,967,000	53,345,000
Deferred Income Taxes	8,183,000	8,048,000
Deposits Related to Acquisitions	36,210,000	118,606,000
Other Assets, net	82,499,000	60,096,000
Current Liabilities:
Accounts payable	10,547,000	5,404,000
Accrued liabilities	225,607,000	359,823,000
Current portion of long-term debt	3,487,000	0
Current portion of long-term operating lease liabilities	10,169,000	8,677,000
Deferred revenue	15,718,000	13,307,000
Total Current Liabilities	265,528,000	387,211,000
Long-term Debt	29,483,000	0
Deferred Income Taxes	13,563,000	16,842,000
Long-term Operating Lease Liabilities	24,713,000	19,885,000
Other Long-term Liabilities	22,852,000	23,626,000
Commitments and Contingencies
Redeemable Non-controlling Interests	311,027,000	243,959,000
Shareholders' Equity:
Common stock, $0.01 par value, 750,000,000 shares authorized; 119,976,563 and 122,232,251 shares issued and outstanding	1,200,000	1,222,000
Capital in excess of par value	1,714,294,000	1,678,787,000
Retained earnings	813,820,000	792,280,000
Accumulated other comprehensive loss, net	(29,616,000)	(24,505,000)
Total SEI Shareholders' Equity	2,499,698,000	2,447,784,000
Non-controlling interests	36,174,000	12,033,000
Total Equity	2,535,872,000	2,459,817,000
Total Liabilities, Redeemable Non-controlling Interests and Equity	3,324,338,000	3,259,844,000
Capitalized Software
Current Assets:
Intangible assets, net of accumulated Amortization	227,215,000	234,272,000
Other Intangible Assets
Current Assets:
Intangible assets, net of accumulated Amortization	470,524,000	368,272,000
Consolidated VIEs
Current Assets:
Cash and cash equivalents	472,501,000	470,595,000
Assets of Consolidated Variable Interest Entities	206,955,000	183,994,000
Total Assets	206,955,000	183,994,000
Current Liabilities:
Liabilities of Consolidated Variable Interest Entities	121,300,000	108,504,000
Total Liabilities	121,300,000	108,504,000
Consolidated Entity, Excluding Consolidated VIE
Current Assets:
Assets of Consolidated Variable Interest Entities	3,324,338,000	3,259,844,000
Total Assets	3,324,338,000	3,259,844,000
Current Liabilities:
Liabilities of Consolidated Variable Interest Entities	477,439,000	556,068,000
Total Liabilities	$ 477,439,000	$ 556,068,000