Quarterly ResultAug 13, 2026, 04:52 PM
Binah Capital Q2 Net Income $337K; Revenue Up 12.1%
AI Summary
Binah Capital Group, Inc. reported a significant turnaround in its second quarter of 2026, achieving a net income of $337,000 compared to a net loss of $654,000 in the prior year period. Total revenues for the quarter increased by 12.1% to $46.5 million. For the six months ended June 30, 2026, net income rose substantially to $2.24 million from $378,000, with total revenues reaching $95.2 million. The company also acquired a 60% controlling interest in World Fund Manager, LLC during the period.
Key Highlights
- Q2 2026 net income was $337K, reversing a $654K net loss in Q2 2025.
- Q2 2026 total revenues increased 12.1% to $46.5 million.
- H1 2026 net income rose to $2.24 million from $378K in H1 2025.
- H1 2026 total revenues increased to $95.2 million from $90.4 million.
- Net cash provided by operating activities for H1 2026 grew to $1.66 million.
- Acquired a 60% controlling interest in World Fund Manager, LLC.
- H1 2026 variable annuities and insurance commissions were $55.0 million.
- H1 2026 advisory fees increased to $14.7 million.
Price Impact
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