Binah Capital Group, Inc.
Business
Binah Capital Group, Inc. is a platform provider for retail wealth management that owns and operates ten entities comprising four broker-dealers, three registered investment advisors, and three insurance entities serving over 1,600 registered financial service professionals. The company offers three business models—hybrid, independent, and W2—enabling affiliated advisors to choose their preferred operating structure and select from multiple custody and clearing options. Services include securities execution, investment management, insurance products, and compliance and research support across a national distribution network.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Commissions | 153 | 139 | 138 | |
| Advisory fees | 29 | 25 | 22 | |
| Total Revenue from Contracts with Customers | 182 | 164 | 160 | |
| Interest and other income | 5 | 5 | 8 | |
| Total revenues | 187 | 169 | 168 | |
| Commissions and fees | 149 | 135 | 136 | |
| Employee compensation and benefits | 19 | 16 | 13 | |
| Rent and occupancy | 1 | 1 | 1 | |
| Professional fees | 2 | 7 | 5 | |
| Technology fees | 3 | 1 | 2 | |
| Interest | 2 | 4 | 5 | |
| Depreciation and amortization | 697,000 | 1 | 1 | |
| Other | 7 | 7 | 3 | |
| Total expenses | 185 | 172 | 167 | |
| Income (loss) before provision for income taxes | 3 | −3 | 486,000 | |
| Provision for income taxes | 303,000 | 1 | — | |
| Net income (loss) | 2 | −5 | 571,000 | |
| Net income attributable to Legacy Wentworth Management Services LLC members | — | 730,000 | — | |
| Net income (loss) attributable to Binah Capital Group, Inc. | 2 | −5 | 571,000 | |
| Net income (loss) per share basic (in dollars per share) | 0.05 | −0.39 | — | |
| Net income (loss) per share diluted (in dollars per share) | 0.04 | −0.39 | — | |
| Weighted average shares outstanding: basic (in shares) | 17 | 17 | — | |
| Weighted average shares outstanding: diluted (in shares) | 17 | 17 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | 11 | 8 | 8 | — | |
| Commission receivable | 10 | 9 | 8 | — | |
| Due from clearing broker | 707,000 | 873,000 | 631,000 | — | |
| Other | 1 | 938,000 | 2 | — | |
| Property and equipment, net | 342,000 | 599,000 | 974,000 | — | |
| Right of use assets | 3 | 4 | 4 | — | |
| Intangible assets, net | 671,000 | 1 | 2 | — | |
| Goodwill | 40 | 40 | 40 | — | |
| Other assets | 3 | 2 | 3 | — | |
| TOTAL ASSETS | 70 | 67 | 67 | — | |
| Accounts payable, accrued expenses and other liabilities | 13 | 10 | 9 | — | |
| Commissions payable | 13 | 11 | 11 | — | |
| Operating lease liabilities | 3 | 4 | 4 | — | |
| Notes payable, net of unamortized debt issuance costs of $590 and $739 as of December 31, 2025 and December 31, 2024, respectively | 18 | 20 | 21 | — | |
| Promissory notes-affiliates | 5 | 5 | 12 | — | |
| TOTAL LIABILITIES | 52 | 50 | 62 | — | |
| Common stock, $0.0001 par value, 55,000,000 authorized, 16,716,000 and 16,602,460 issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | — | |
| Additional paid-in-capital | 24 | 23 | 0 | — | |
| Accumulated deficit | −22 | −23 | 0 | — | |
| Accumulated other comprehensive (loss) | −114,000 | 0 | — | — | |
| Total Stockholders' Equity and Mezzanine Equity | 18 | 16 | 5 | 5 | |
| TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY | 70 | 67 | 67 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation and amortization | 697,000 | 1 | 1 | |
| Deferred income taxes | −907,000 | 607,000 | 993,000 | |
| Amortization of debt issuance costs | 148,000 | 645,000 | 103,000 | |
| Non-cash lease expense | 633,000 | 602,000 | 511,000 | |
| Change in allowance for credit losses | — | 468,000 | — | |
| Share-based compensation | 725,000 | — | — | |
| Due from clearing broker | 166,000 | −242,000 | −276,000 | |
| Commissions receivable | −1 | −978,000 | 11,000 | |
| Other receivables | −323,000 | 181,000 | 291,000 | |
| Other assets | −263,000 | 98,000 | −1 | |
| Accounts payable and accrued expenses | 3 | 1 | 178,000 | |
| Commissions payable | 1 | 792,000 | −419,000 | |
| Operating lease liabilities | −599,000 | −561,000 | −466,000 | |
| Net Cash Provided By (Used In) Operating Activities | 5 | −617,000 | 3 | |
| Purchases of property and equipment | −61,000 | −85,000 | −80,000 | |
| Net Cash Used In Investing Activities | −61,000 | −85,000 | −80,000 | |
| Borrowings under note payable | — | 20 | — | |
| Payment of debt issuance costs | — | −739,000 | — | |
| Repayment - notes payable | −2 | −21 | −2 | |
| Repayment of promissory notes-affiliates | — | −3 | −126,000 | |
| Repayment of borrowings from members | — | −903,000 | — | |
| Net payment for reverse merger and recapitalization | — | −8 | — | |
| Proceeds from Series A redeemable convertible preferred stock issuance | — | 14 | — | |
| Proceeds from Series B convertible stock issurance | — | 2 | — | |
| Dividend Series A - redeemable convertible preferred stock | −724,000 | −547,000 | — | |
| Dividend Series B - redeemable convertible preferred stock | −106,000 | — | — | |
| Proceeds from exercise of warrants | — | 416,000 | — | |
| Distribution of capital | — | −85,000 | −200,000 | |
| Net Cash (Used In) Provided By Financing Activities | −3 | 2 | −3 | |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 2 | 865,000 | −228,000 | |
| Interest | 2 | 3 | 4 | |
| Income taxes | 469,000 | 271,000 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Binah Capital Group, Inc.'s CIK number?
Binah Capital Group, Inc.'s SEC CIK number is 0001953984 (1953984). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Binah Capital Group, Inc.'s SEC filings?
All of Binah Capital Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Binah Capital Group, Inc. last report earnings?
Binah Capital Group, Inc. (BCG) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-062587). This is Binah Capital Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Binah Capital Group, Inc.'s most recent earnings 8-K?
Binah Capital Group, Inc.'s latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001104659-26-062587. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Binah Capital Group, Inc.'s latest earnings 8-K →
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