Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 226

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 226
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 is relied upon by management in its decision-making processes. Revenues and expenses directly associated with each business segment are included in determining net income / (loss) by segment.
    
   The Company presents principal transactions gains and losses that relate to financial instruments that the Company received through CCM's activities as part of the Capital Markets segment with all other principal transactions gains and losses included in the Principal Investing segment. Prior to  December 31, 2024, all principal transactions gains and losses were included in the Principal Investing segment.  The Company restated all prior periods presented to be consistent.  The CODM evaluates the performance of the Capital Markets segment including the gains and losses on the financial instruments received through CCM's activities.    
    
   Interest expense in the table below includes non-operating interest expense.  Interest income and expense relating to operations is included in net trading revenue. See note 5. Indirect expenses (such as general and administrative expenses including executive and indirect overhead costs) not directly associated with specific business segments are not allocated to the business segments’ statements of operations.  See (1) below.
    
   Beginning in 2024 annual reporting, the Company adopted ASU 2023-07 retrospectively. The following table sets forth our segment information of revenue, expenses, and income (loss) from operations.﻿ 
    
   SEGMENT INFORMATION
   Statement of Operations Information
   Six Months Ended  June 30, 2025

       Capital    Asset    Principal    Segment    Unallocated      
   Markets    Management    Investing    Total    (1)    Total  
 Net trading  $19,968  $-  $-  $19,968  $-  $19,968 
 Asset management   -   4,188   -   4,188   -   4,188 
 New issue and advisory   70,650   -   -   70,650   -   70,650 
 Principal transactions   (6,355)  -   (149)  (6,504)  -   (6,504)
 Other income   3   1,020   (714)  309   -   309 
 Total revenues   84,266   5,208   (