Binah Capital Group, Inc.

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.

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.

Binah Capital Group, Inc. held its Annual Meeting of Stockholders on June 12, 2026, where all five proposals were approved. Stockholders elected Daniel Hynes as a Class II director, approved the compensation of named executive officers, and voted for an annual frequency for future advisory votes on executive compensation. Additionally, the appointment of FGMK, LLC as the independent auditor for 2026 was ratified, and an amendment to the 2024 Equity Incentive Plan was approved, increasing the shares available for issuance to 2,650,000.

Binah Capital Group reported a significant increase in net income and EPS for Q1 2026, reaching $1.90 million and $0.09 respectively, compared to $1.03 million and $0.04 in Q1 2025. This improvement occurred despite a slight dip in total revenues to $48.70 million from $48.94 million year-over-year, primarily due to reduced expenses and higher interest and other income. However, net cash provided by operating activities decreased, and revenue from alternative investments saw a substantial decline.

Binah Capital Group reported strong first-quarter 2026 results, with net income increasing 84% to $1.9 million and diluted EPS rising 125% to $0.09. Assets Under Management grew 12.9% year-over-year to $29.0 billion, while total revenue remained consistent at $48.7 million. The company also promoted Christopher Motta to President of its World Equity Group subsidiary to accelerate growth, reflecting continued momentum and focus on growth initiatives.

Binah Capital Group, Inc. (BCG) announced its 2026 Annual Meeting of Stockholders will be held virtually on June 12, 2026. Stockholders will vote on the election of Daniel Hynes as a Class II Director, advisory votes on executive compensation and its frequency, and the ratification of FGMK, LLC as the independent auditor. A key proposal includes amending the 2024 Equity Incentive Plan to increase available shares by 2,650,000.

Binah Capital Group (NASDAQ: BCG) announced the promotion of Christopher Motta to President of World Equity Group (WEG), one of its four broker-dealers. Motta previously served for five years as Chief Operating Officer of PKS Investments, another Binah subsidiary, where he focused on strengthening operations and advisor relationships. This strategic leadership change aims to leverage Motta's over 27 years of industry experience to protect and build upon WEG's established reputation and client base, according to Binah CEO Craig Gould. Motta expressed excitement to lead WEG, applying insights gained from his tenure at PKS to enhance market opportunities.