SIEBERT FINANCIAL CORP

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.

Siebert Financial Corp. reported a significant decline in its first-quarter 2026 financial performance, posting a net loss of $(1.97) million compared to a net income of $8.66 million in the prior year period. Total revenue decreased by 18.8% to $23.47 million, primarily due to a sharp drop in principal transactions and proprietary trading revenue. The company also saw a substantial increase in employee compensation and benefits, alongside goodwill and intangible asset impairments.