Quarterly ResultAug 13, 2026, 05:27 PM
Binah Capital Q2 AuM +13.4% to $31.6B; Net Income $0.3M
AI Summary
Binah Capital Group, Inc. announced strong second-quarter 2026 results, with Assets Under Management (AuM) increasing 13.4% year-over-year to $31.6 billion. The company reported a significant turnaround in profitability, achieving a GAAP net income of $0.3 million compared to a net loss of $(0.7) million in the prior year period. Total revenue grew 12.1% to $46.5 million, and EBITDA surged 546% to $1.0 million, reflecting improved performance across all key metrics.
Key Highlights
- Assets Under Management (AuM) increased 13.4% year-over-year to $31.6 billion.
- Total revenue grew 12.1% to $46.5 million from $41.5 million in Q2 2025.
- GAAP net income rose to $0.3 million, up from a net loss of $(0.7) million in Q2 2025.
- GAAP diluted EPS improved to $(0.00) from $(0.06) in the prior year quarter.
- EBITDA increased 546% to $1.0 million from $0.1 million in Q2 2025.
- Adjusted EBITDA grew 21% to $1.2 million compared to $0.9 million in Q2 2025.
- Cash and cash equivalents stood at $10.5 million as of June 30, 2026.
- Outstanding long-term debt was $17.3 million as of June 30, 2026.
Price Impact
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