Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 124

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 124
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 noted in the table above entitles us to a percentage of revenue earned by IIFC.  The IIFC revenue share arrangement expires at the earlier of (i) the dissolution of IIFC or (ii) when we have earned a cumulative $20,000 in revenue share payments.  To date, we have earned $9,276 in connection with this revenue share arrangement.

       78

Operating Expenses 

Operating expenses increased by $35,211, or 205%, to $52,376 for the three months ended June 30, 2025, as compared to $17,165 for the three months ended June 30, 2024. Each line item is discussed in more detail below.  

Compensation and Benefits 

Compensation and benefits increased by $33,624, or 314%, to $44,323 for the three months ended June 30, 2025, as compared to $10,699 for the three months ended June 30, 2024.

COMPENSATION AND BENEFITS

      Three Months Ended June 30, 

      2025 

      2024 

      Change 

      Cash compensation and benefits 
      
     $
     43,274

     $
     9,544

     $
     33,730

      Equity-based compensation 

     1,049

     1,155

     (106
     )

      Total 
      
     $
     44,323

     $
     10,699

     $
     33,624

﻿ 

Cash compensation and benefits in the table above was primarily comprised of salary, incentive compensation, severance, employer portion of payroll taxes, and benefits.  The increase was primarily the result of increased incentive compensation driven by increased revenue.  Our total headcount was 118 at June 30, 2025 and 121 at June 30, 2024.  Equity-based compensation remained relatively unchanged. 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $397, or 25%, to $1,988 for the three months ended June 30, 2025, as compared to $1,591 for the three months ended June 30, 2024.  This increase was comprised of an increase in business development of $