SIEBERT FINANCIAL CORP
Business
Siebert Financial Corp. is a diversified financial services firm providing retail brokerage, investment advisory, insurance, and corporate stock plan administration services through wholly-owned and majority-owned subsidiaries. Core offerings include self-directed trading, market making, securities finance, wealth management via robo-advisory technology, fixed annuities and property & casualty insurance, and corporate equity compensation services. The company operates two reportable segments: Financial Services (retail brokerage, investment advisory, insurance, correspondent clearing, investment banking) and Media, Sports & Entertainment (talent management, sports representation, music label operations, content production). Services are delivered through 13 U.S. branch offices to retail and institutional clients globally.
Summary from 10-K filed 2026-03-30
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Commissions and fees | 9 | 10 | 7 | 7 | 18 | |
| Interest, marketing and distribution fees | 28 | 32 | 30 | 17 | 13 | |
| Principal transactions and proprietary trading | 17 | 15 | 13 | 4 | 16 | |
| Market making | 2 | 2 | 1 | 2 | 6 | |
| Stock borrow / stock loan | 29 | 19 | 16 | 15 | 12 | |
| Advisory fees | 3 | 2 | 2 | 2 | 2 | |
| Other income | 5 | 3 | 2 | 3 | 1 | |
| Investment banking | 769,000 | — | — | — | — | |
| Total Revenue | 94 | 84 | 72 | 50 | 68 | |
| Employee compensation and benefits | 58 | 44 | 32 | 29 | 36 | |
| Clearing fees, including execution costs | 2 | 2 | 2 | 2 | 5 | |
| Technology and communications | 5 | 4 | 3 | 4 | 5 | |
| Other general and administrative | 7 | 4 | 4 | 4 | 4 | |
| Data processing | 4 | 3 | 3 | 3 | 3 | |
| Rent and occupancy | 2 | 2 | 2 | 2 | 2 | |
| Professional fees | 6 | 6 | 4 | 3 | 3 | |
| Depreciation and amortization | 2 | 1 | 2 | 995,000 | 1 | |
| Interest expense | 452,000 | 262,000 | 263,000 | — | — | |
| Advertising and promotion | 1 | 348,000 | 155,000 | — | — | |
| Total Expenses | 89 | 66 | 53 | 50 | 61 | |
| Operating income | 6 | 17 | 18 | 440,000 | 7 | |
| Income before provision for income taxes | 6 | 17 | 11 | −4 | 7 | |
| Provision for income taxes | 445,000 | 4 | 3 | −1 | 2 | |
| Net income | 5 | 13 | 8 | −3 | 5 | |
| Less net income attributable to noncontrolling interests | — | 17,000 | 18,000 | −1 | −30,000 | |
| Net income available to common stockholders | 5 | 13 | 8 | — | — | |
| Basic (in Dollars per share) | 0.13 | 0.33 | 0.21 | −0.06 | 0.16 | |
| Diluted (in Dollars per share) | 0.13 | 0.33 | 0.21 | −0.06 | 0.16 | |
| Basic (in Shares) | 40 | 40 | 37 | 32 | 31 | |
| Diluted (in Shares) | 40 | 40 | 37 | 32 | 31 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-06-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 22 | — | 33 | 6 | 24 | |
| Cash and securities segregated for regulatory purposes; (Cash of $151.0 million, securities with a fair value of $34.6 million as of December 31, 2025; Cash of $135.8 million, securities with a fair value of $68.8 million as of December 31, 2024) | 186 | — | 205 | 274 | — | |
| Receivables from customers | 73 | — | 84 | 73 | 52 | |
| Receivables from broker-dealers and clearing organizations | 7 | — | 4 | 4 | 9 | |
| Receivables from non-customers | 2 | — | 607,000 | 241,000 | 100,000 | |
| Other receivables | 5 | — | 3 | 2 | 2 | |
| Prepaid expenses and other assets | 4 | — | 2 | 2 | 2 | |
| Securities borrowed | 408 | — | 139 | 395 | 337 | |
| Securities owned, at fair value | 20 | — | 21 | 18 | 3 | |
| Taxes receivable | 142,000 | — | — | — | — | |
| Total Current assets | 727 | — | 492 | 774 | 705 | |
| Deposits with broker-dealers and clearing organizations | 6 | — | 4 | — | — | |
| Property, office facilities, and equipment, net | 10 | — | 10 | 9 | 8 | |
| Software, net | 6 | — | 5 | 1 | 991,000 | |
| Intangible assets, net | 908,000 | — | 697,000 | — | — | |
| Lease right-of-use assets | 2 | — | 2 | 3 | 2 | |
| Investments, cost | 2 | 2 | — | — | 850,000 | |
| Deferred tax assets | 3 | — | 3 | 5 | 4 | |
| Goodwill | 2 | — | 2 | 2 | 2 | |
| Total Assets | 759 | — | 520 | 802 | 728 | |
| Payables to customers | 237 | — | 227 | 290 | 321 | |
| Payables to non-customers | 7,000 | — | 3 | 713,000 | 12 | |
| Drafts payable | 3 | — | 1 | 2 | 2 | |
| Payables to broker-dealers and clearing organizations | 769,000 | — | 444,000 | 481,000 | 660,000 | |
| Accounts payable and accrued liabilities | 5 | — | 5 | 4 | 3 | |
| Taxes payable | — | — | 2 | 2 | 1 | |
| Securities loaned | 407 | — | 185 | 419 | 327 | |
| Securities sold, not yet purchased, at fair value | 219,000 | — | 26,000 | 2,000 | 2,000 | |
| Other deferred revenue | 70,000 | — | — | — | — | |
| Current portion of contract termination liability | 819,000 | — | 2 | 2 | — | |
| Current portion of deferred contract incentive | 960,000 | — | 496,000 | 84,000 | 1 | |
| Current portion of lease liabilities | 1 | — | 886,000 | 759,000 | 1 | |
| Current portion of debt | 5 | — | 88,000 | — | — | |
| Total Current liabilities | 661 | — | 428 | 722 | 670 | |
| Contract termination liability, less current portion | — | — | 819,000 | 3 | — | |
| Deferred contract incentive, less current portion | 4 | — | — | — | — | |
| Lease liabilities, less current portion | 1 | — | 2 | 2 | 1 | |
| Debt, less current portion | 4 | — | 4 | 4 | 6 | |
| Total Liabilities | 670 | — | 435 | 731 | 678 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Common stock, $0.01 par value; 100,000,000 shares authorized; 41,435,936 shares issued and 40,435,936 shares outstanding as of December 31, 2025, respectively. 41,120,936 shares issued and 40,120,936 shares outstanding as of December 31, 2024, respectively. | 415,000 | — | 412,000 | 406,000 | 325,000 | |
| Treasury stock, at cost; 1,000,000 shares held as of both December 31, 2025 and December 31, 2024. | −3 | — | −3 | −3 | — | |
| Additional paid-in capital | 46 | — | 46 | 45 | 30 | |
| Retained earnings | 45 | — | 40 | 27 | 19 | |
| Total Stockholders equity | 89 | — | 84 | 70 | 49 | |
| Noncontrolling interests | — | — | 1 | 989,000 | 971,000 | |
| Total Equity | 89 | — | 85 | 71 | 50 | |
| Total Liabilities and Equity | 759 | — | 520 | 802 | 728 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred income tax expense | 2 | 1 | −107,000 | −655,000 | — | |
| Share-based compensation | 2 | 460,000 | — | 461,000 | — | |
| Interest related to contract termination liability payment | 255,000 | 102,000 | — | — | — | |
| Securities segregated for regulatory purposes | 34 | 47 | 25 | — | — | |
| Receivables from customers | 11 | −12 | — | — | — | |
| Receivables from non-customers | −1 | −366,000 | −141,000 | −19,000 | −81,000 | |
| Receivables from and deposits with broker-dealers and clearing organizations | −4 | 4 | −1 | 3 | 9 | |
| Securities borrowed | −269 | 256 | −58 | 603 | −34 | |
| Securities owned, at fair value | 2 | −3 | −15 | 787,000 | −1 | |
| Prepaid expenses and other assets | −3 | −862,000 | −269,000 | −335,000 | −51,000 | |
| Payables to customers | 10 | −63 | −32 | −55 | −4 | |
| Payables to non-customers | −3 | 3 | −11 | −6 | 6 | |
| Drafts payable | 1 | −395,000 | −658,000 | 580,000 | −2 | |
| Payables to broker-dealers and clearing organizations | 325,000 | −37,000 | −179,000 | 406,000 | −2 | |
| Accounts payable and accrued liabilities | −837,000 | 2 | 1 | −1 | −100,000 | |
| Securities loaned | 222 | −234 | 92 | −605 | 11 | |
| Securities sold, not yet purchased, at fair value | 193,000 | 24,000 | — | −22,000 | 3,000 | |
| Net lease liabilities | −40,000 | 33,000 | 69,000 | −90,000 | −51,000 | |
| Taxes payable / receivable | −2 | −130,000 | 1 | −696,000 | 1 | |
| Deferred contract incentive | 4 | −750,000 | −750,000 | −750,000 | 3 | |
| Contract termination payment | −2 | −2 | — | — | — | |
| Other deferred revenue | 70,000 | — | — | — | — | |
| Net cash provided by operating activities | 10 | 10 | −5 | −25 | 6 | |
| Purchase of office facilities and equipment | −552,000 | −223,000 | −223,000 | −284,000 | −296,000 | |
| Purchase of software | −2 | −3 | −894,000 | −830,000 | −343,000 | |
| Additions to property, office facilities, and equipment | −632,000 | −1 | −1 | — | — | |
| Acquisition of BMLG assets | −441,000 | — | — | −284,000 | −296,000 | |
| Investment in FusionIQ | −2 | — | — | — | — | |
| Media production cost | −442,000 | — | — | — | — | |
| Transaction with J2 Financial | — | −35,000 | — | — | — | |
| Cash paid in a business acquisition, net of cash and cash equivalents acquired | — | −1 | — | — | — | |
| Net cash used in investing activities | −7 | −6 | −3 | −2 | −8 | |
| Bank loan - short term | 5 | — | — | — | — | |
| RISE cash distribution | −35,000 | — | — | — | — | |
| RISE share repurchase | −4 | — | — | — | — | |
| Repayments of long-term debt | −89,000 | −85,000 | — | — | — | |
| Net cash provided by (used in) financing activities | 1 | −85,000 | 13 | −4 | 5 | |
| Net change in cash and cash equivalents, and cash segregated for regulatory purposes | 5 | 4 | 6 | −31 | 2 | |
| Cash paid, net of refunds received during the year for income taxes | 792,000 | 3 | — | — | — | |
| Cash paid during the year for interest | 197,000 | 160,000 | 263,000 | 440,000 | 361,000 | |
| Transaction with J2 Financial | — | 350,000 | — | — | — | |
| Share-based compensation | — | 270,000 | — | — | — | |
| RISE share repurchase - payable portion | 119,000 | — | — | — | — | |
| RISE tax impact | 1 | — | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SIEBERT FINANCIAL CORP's CIK number?
SIEBERT FINANCIAL CORP's SEC CIK number is 0000065596 (65596). 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 SIEBERT FINANCIAL CORP's SEC filings?
All of SIEBERT FINANCIAL CORP'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 SIEBERT FINANCIAL CORP last report earnings?
SIEBERT FINANCIAL CORP (SIEB) most recently filed an earnings 8-K with the SEC on Nov 13, 2023, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-23-085586). This is SIEBERT FINANCIAL CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is SIEBERT FINANCIAL CORP's most recent earnings 8-K?
SIEBERT FINANCIAL CORP's latest earnings 8-K (Item 2.02) was filed Nov 13, 2023 under accession 0001213900-23-085586. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SIEBERT FINANCIAL CORP's latest earnings 8-K →
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