BCG
Binah Capital Group, Inc.2.0600
+0.0100+0.49%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
34.20MP/E (TTM)
51.50Basic EPS (TTM)
0.04Dividend Yield
0%Recent Filings
8-K
8-K
Q2 revenue rises 2%
Binah Capital Group reported Q2 2025 results on August 13, showing total revenue up 2% year-over-year to $42 million, while assets under management surged 11% to $28 billion. Gross profit jumped 21% to $8.8 million, boosting EBITDA to $1.0 million from $0.6 million, yet a $0.7 million net loss held steady. Growth signals advisor platform strength. Regulatory compliance risks loom large.
10-Q
Q2 FY2025 results
Binah Capital edged into the black for the first half of 2025, posting net income of $0.4 million on total revenues up 10.2% year-over-year to $90.4 million, while Q2 alone saw a $0.7 million net loss on $41.5 million in revenues, a 2.1% y/y gain. Commissions climbed 10.4% y/y to $75.1 million for the half, driven by alternative investments, though Q2 dipped 1.0% y/y; advisory fees rose 12.8% y/y to $13.5 million amid 18% higher advisory assets to $2.7 billion. Gross margins improved as payout rates fell to 82.4% from 83.7% y/y, while operating cash flow turned positive at $1.1 million versus a $2.1 million outflow last year. Cash stood at $8.2 million against $23.9 million in total debt, including an $18.6 million term loan maturing 2029 at 8.3% effective rate with $1.0 million restricted; free cash flow not disclosed in the 10-Q. Brokerage assets hit $25.1 billion, up 10% y/y despite net outflows. Yet regulatory scrutiny in wealth management lingers as a key risk.
8-K
Executive equity grants awarded
Binah Capital Group awarded CEO Craig Gould nonqualified options for 600,000 shares at $2.04 exercise price, 500,000 restricted stock units vesting over two years, and 107,843 fully vested restricted shares valued at $220,000 aggregate fair market value on June 30, 2025. CFO David Shane received options for 250,000 shares under the same terms. These grants, vesting through 2026 based on service, accelerate fully on change in control. Retention hinges on executive continuity.
8-K
Annual meeting elects directors
Binah Capital Group held its annual stockholder meeting on June 27, 2025, where shareholders overwhelmingly elected David Crane and Joel Marks as Class I directors for terms until 2028, with no opposition votes. They also ratified FGMK, LLP as independent auditors for the year ending December 31, 2025, passing with 12.8 million for votes. Governance stays steady.
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