Quarterly ResultMay 15, 2026, 05:02 PM
Siebert Reports Q1 Net Loss of $2.0M; Revenue $23.5M
AI Summary
Siebert Financial Corp. reported a total revenue of $23.5 million for the first quarter of 2026, alongside a net loss of $2.0 million, or $0.05 loss per share. This compares to a net income of $8.7 million and $0.22 earnings per share in the prior-year period, which included a significant non-cash unrealized gain. The company saw strong growth in stock borrow/stock loan revenue (+41%), advisory fees (+35%), and commissions and fees (+11%), and expanded its strategic partnership with Newsmax for financial programming and national advertising.
Key Highlights
- Total revenue was $23.5 million for the first quarter of 2026.
- Stock borrow/stock loan revenue increased 41% to $6.8 million YoY.
- Advisory fees increased 35% to $1.0 million YoY.
- Commissions and fees increased 11% to $2.3 million YoY.
- Net loss was $2.0 million, compared to net income of $8.7 million in Q1 2025.
- Basic and diluted loss per share was $0.05, compared to EPS of $0.22 in Q1 2025.
- Expanded strategic partnership with Newsmax for financial programming and advertising.
- Gebbia Media launched Tactical Wealth podcast on Newsmax 2, focusing on military community.
Price Impact
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