$SIEB
SIEBERT FINANCIAL CORP
CIK:0000065596|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenue | ||||
| Stock borrow / stock loan | $ 10,791,000 | $ 7,522,000 | $ 17,622,000 | $ 12,359,000 |
| Interest, marketing and distribution fees | 6,185,000 | 6,869,000 | 12,059,000 | 13,814,000 |
| Principal transactions and proprietary trading | 6,092,000 | (3,977,000) | 10,020,000 | 8,984,000 |
| Commissions and fees | 2,660,000 | 2,014,000 | 4,985,000 | 4,116,000 |
| Investment banking | 2,435,000 | 206,000 | 4,008,000 | 206,000 |
| Other income | 1,642,000 | 952,000 | 3,026,000 | 1,726,000 |
| Advisory fees | 1,035,000 | 791,000 | 2,045,000 | 1,539,000 |
| Market making | 334,000 | 497,000 | 879,000 | 1,049,000 |
| Total Revenue | 31,174,000 | 14,874,000 | 54,644,000 | 43,793,000 |
| Expenses | ||||
| Employee compensation and benefits | 19,235,000 | 13,388,000 | 35,407,000 | 25,310,000 |
| Clearing fees, including execution costs | 860,000 | 448,000 | 1,457,000 | 902,000 |
| Technology and communications | 1,934,000 | 1,045,000 | 3,739,000 | 2,150,000 |
| Other general and administrative | 2,064,000 | 1,840,000 | 3,797,000 | 3,349,000 |
| Data processing | 1,754,000 | 1,147,000 | 3,040,000 | 2,096,000 |
| Rent and occupancy | 529,000 | 442,000 | 983,000 | 909,000 |
| Professional fees | 2,060,000 | 1,451,000 | 3,758,000 | 2,810,000 |
| Depreciation and amortization | 671,000 | 629,000 | 1,361,000 | 1,044,000 |
| Advertising and promotion | 836,000 | 218,000 | 1,736,000 | 372,000 |
| Interest expense | 228,000 | 98,000 | 446,000 | 187,000 |
| Settlement expense | 1,475,000 | 1,475,000 | ||
| Intangible asset impairment | 454,000 | |||
| Goodwill impairment | 330,000 | |||
| Total Expenses | 31,646,000 | 20,706,000 | 57,983,000 | 39,129,000 |
| Operating income (loss) | (472,000) | (5,832,000) | (3,339,000) | 4,664,000 |
| Income (loss) before provision for (benefit from) income taxes | (472,000) | (5,832,000) | (3,339,000) | 4,664,000 |
| Provision for (benefit from) income taxes | (146,000) | (1,113,000) | (1,041,000) | 722,000 |
| Net income (loss) | (326,000) | (4,719,000) | (2,298,000) | 3,942,000 |
| Less net loss attributable to noncontrolling interests | (3,000) | |||
| Net income (loss) available to common stockholders | $ (326,000) | $ (4,719,000) | $ (2,298,000) | $ 3,945,000 |
| Net income (loss) available to common stockholders per share of common stock | ||||
| Basic (in Dollars per share) | $ (0.01) | $ (0.12) | $ (0.06) | $ 0.1 |
| Diluted (in Dollars per share) | $ (0.01) | $ (0.12) | $ (0.06) | $ 0.1 |
| Weighted average shares outstanding | ||||
| Basic (in Shares) | 40,977,420 | 40,399,958 | 40,890,660 | 40,296,571 |
| Diluted (in Shares) | 40,977,420 | 40,399,958 | 40,890,660 | 40,296,571 |
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 16,099,000 | $ 22,408,000 |
| Cash and securities segregated for regulatory purposes; (Cash of $126.8 million, securities with a fair value of $37.9 million as of June 30, 2026; Cash of $151.0 million, securities with a fair value of $34.6 million as of December 31, 2025) | 164,672,000 | 185,608,000 |
| Receivables from customers | 88,581,000 | 73,465,000 |
| Receivables from broker-dealers and clearing organizations | 18,078,000 | 6,801,000 |
| Receivables from non-customers | 1,821,000 | 1,773,000 |
| Notes receivable | 2,350,000 | 350,000 |
| Other receivables | 6,404,000 | 4,522,000 |
| Prepaid expenses and other assets | 4,042,000 | 3,801,000 |
| Securities borrowed | 619,576,000 | 408,495,000 |
| Securities owned, at fair value | 13,652,000 | 19,862,000 |
| Taxes receivable | 133,000 | 142,000 |
| Total Current assets | 935,408,000 | 727,227,000 |
| Deposits with broker-dealers and clearing organizations | 6,365,000 | 5,503,000 |
| Property, office facilities, and equipment, net | 10,080,000 | 10,386,000 |
| Software, net | 6,003,000 | 5,911,000 |
| Other intangible assets, net | 380,000 | 908,000 |
| Lease right-of-use assets | 2,208,000 | 2,253,000 |
| Investments | 2,700,000 | 2,000,000 |
| Deferred tax assets | 3,630,000 | 2,535,000 |
| Goodwill | 1,989,000 | 2,319,000 |
| Total Assets | 968,763,000 | 759,042,000 |
| Current liabilities | ||
| Payables to customers | 237,457,000 | 237,193,000 |
| Payables to non-customers | 6,000 | 7,000 |
| Drafts payable | 809,000 | 2,829,000 |
| Payables to broker-dealers and clearing organizations | 7,428,000 | 769,000 |
| Accounts payable and accrued liabilities | 8,860,000 | 4,523,000 |
| Securities loaned | 609,796,000 | 407,258,000 |
| Securities sold, not yet purchased, at fair value | 75,000 | 219,000 |
| Other deferred revenue | 126,000 | 70,000 |
| Contract termination liability | 819,000 | |
| Current portion of deferred contract incentive | 960,000 | 960,000 |
| Current portion of lease liabilities | 1,384,000 | 1,086,000 |
| Current portion of debt | 5,093,000 | 5,091,000 |
| Total Current liabilities | 871,994,000 | 660,824,000 |
| Deferred contract incentive, less current portion | 3,120,000 | 3,600,000 |
| Lease liabilities, less current portion | 997,000 | 1,410,000 |
| Debt, less current portion | 4,001,000 | 4,048,000 |
| Total Liabilities | 880,112,000 | 669,882,000 |
| Stockholders’ Equity | ||
| Common stock, $0.01 par value; 100,000,000 shares authorized;42,100,936 shares issued and 41,100,936 shares outstanding as of June 30, 2026, respectively. 41,435,936 shares issued and 40,435,936 shares outstanding as of December 31, 2025, respectively. | 422,000 | 415,000 |
| Treasury stock, at cost; 1,000,000 shares held as of both June 30, 2026 and December 31, 2025 | (2,510,000) | (2,510,000) |
| Additional paid-in capital | 47,822,000 | 46,040,000 |
| Retained earnings | 42,917,000 | 45,215,000 |
| Total Stockholders’ equity | 88,651,000 | 89,160,000 |
| Total Liabilities and Stockholders’ Equity | $ 968,763,000 | $ 759,042,000 |