SIEB
Siebert Financial Corp.4.0400
+0.1700+4.39%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
163.32MP/E (TTM)
22.44Basic EPS (TTM)
0.18Dividend Yield
0%Recent Filings
8-K
Annual meeting elects directors
Siebert Financial held its 2025 annual meeting on November 18, electing seven directors, including Gloria E. Gebbia and John J. Gebbia, with strong support exceeding 34.7 million 'for' votes each despite 3.6 million broker non-votes. Shareholders approved restating the 2021 Equity Incentive Plan to reserve 5 million shares, backed executive pay, and ratified Crowe LLP as auditors. Board continuity locked in.
10-Q
Q3 FY2025 results
Siebert Financial posted Q3 revenue of $26.8M, up 19% y/y from $22.6M, driven by stock borrow/lending jumping 74% to $10.0M and other income doubling to $1.4M, yet operating income fell to $2.2M from $4.8M as compensation surged 38% on tech hires and new lines. Diluted EPS dropped to $0.04 from $0.10, matching $1.6M net income over 40.4M shares. Cash fell to $19.6M with $9.8M YTD operating cash flow; total debt steady at $5.2M including $4.2M mortgage at 3.6%, covenants met. Acquired BMLG music assets April 2025 for $441K cash (recorded masters amortized over 8.5 years). Competition squeezes retail margins.
8-K
Acquires full RISE ownership
Siebert Financial bought the remaining 32% of subsidiary RISE Financial Services for $3.7 million on October 28, 2025, from employees, directors including Gloria E. Gebbia, and affiliates, making RISE wholly owned. Paid at carrying value as return of capital, no employment strings attached. RISE stays inactive yet positions Siebert for future plays. Clean structure.
10-Q
Q2 FY2025 results
Siebert Financial posted Q2 revenue of $14.9M, down 29% y/y from $20.9M amid a $6.8M realized/unrealized loss on its equity security investment that flipped principal transactions negative; stock borrow revenue jumped 60% y/y to $7.5M while advisory fees rose 44% y/y to $0.8M. Operating loss hit $5.8M versus $5.6M income y/y, with comp up 30% y/y to $13.4M on equity grants and tech hires; net loss was $4.7M or $(0.12) per share, matching 40.4M diluted shares. Cash fell to $28.9M, long-term debt steady at $4.2M (3.6% mortgage, compliant); BMLG assets closed April 2025 for $441K cash allocated to 8.5-year intangibles. Securities lending thrives. Yet competition pressures retail flows.
8-K
ATM program launched
Siebert Financial entered a Sales Agreement on June 27, 2025, with MSCO (its subsidiary) and Ladenburg to offer up to $50M in common stock via at-the-market sales. Agents earn 3% commissions; Ladenburg serves as qualified independent underwriter. No sales obligation exists yet. Flexible funding ready.
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