COHN
Cohen & Company Inc.19.55
+0.74+3.96%
Dec 16, 4:00:00 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
39.80MP/E (TTM)
8.11Basic EPS (TTM)
2.41Dividend Yield
0.05%Recent Filings
8-K
8-K
Q3 revenue surges to $84.2M
Cohen & Company Inc. reported third-quarter 2025 revenue of $84.2 million, up sharply from $59.9 million in the prior quarter, fueled by $228.0 million in new issue and advisory fees from 18 clients via its CCM division, though offset by $159.4 million in negative principal transactions from received investment assets. Net income attributable to the company hit $4.6 million, or $2.58 per diluted share, with adjusted pre-tax income at $16.4 million. The board declared a $0.25 per share quarterly dividend, payable December 3, 2025. Strong CCM pipeline signals over $50 million in Q4 revenue.
8-K
Final CDO sales closed
Cohen & Company Inc. completed the final closings under its Master Transaction Agreement on September 5, 2025, selling rights and obligations in CDO Agreements for Alesco Preferred Funding III, IV, and VI Ltd. to Hildene affiliate HCMC III, LLC, for $2,022,403 after adjustments. This wraps up the March 2025 deal, following July's $837,447 sale of two other funds. No more closings loom.
10-Q
Q2 FY2025 results
Cohen & Company Inc. swung to profitability in Q2 FY2025 ended June 30, 2025, with total revenues surging 454% y/y to $59.9M, driven by a 476% jump in new issue and advisory fees to $37.4M from CCM's SPAC and M&A deals, while net trading rose 22% y/y to $10.8M on stronger gestation repo and SPAC equity volumes. Operating income flipped to $7.5M from a $6.4M loss y/y, as compensation scaled with revenues but margins held at 12.5%; diluted EPS came in at $0.81, reconciling to 5.9M weighted shares with no anti-dilution flagged. Cash climbed to $26.0M, up 33% q/q, with FCF not disclosed in the 10-Q; debt stood at $32.6M including $7.1M senior notes at 12% maturing 2026 and $25.5M junior subordinated notes at ~8.7% due 2035-2037. The $837 gain from selling two CDO management contracts boosted asset management, but SPAC volatility persists as a key risk.
8-K
Q2 revenue surges to $59.9M
Cohen & Company Inc. reported Q2 2025 revenue of $59.9 million, up sharply from $28.7 million in Q1 and $10.8 million a year ago, fueled by $37.4 million in new issue and advisory fees from its capital markets arm. Net income hit $1.4 million, or $0.81 per diluted share, while adjusted pre-tax income reached $5.5 million. The board declared a $0.25 quarterly dividend. SPAC momentum builds.
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