Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 62

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 62
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--|-------:|:---------|------:|:---------|
| Sales-based              | ​ | $                                        |  48,058 | ​ | $ |  56,184 |   | -8,126 |          | -14.5 | %        |
| Trailing                 | ​ |                                          |  54,778 | ​ | ​ |  47,928 |   |  6,850 |          |  14.3 | %        |
| Total commission revenue | ​ | $                                        | 102,836 | ​ | $ | 104,112 |   | -1,276 |          |  -1.2 | %        |

Sales-based revenue decreased by approximately $2.5 and $8.1 million or 13.2% and 14.5% for the three and nine-month period ended September 30, 2024, respectively, as compared to 2023. Trailing based revenue increased by approximately $1.8 and $6.8 million or 10.9% and 14.3% for the three and nine-month periods ended September 30, 2024, respectively, as compared to 2023. The decrease in sales-based revenue for the three and nine-month periods ended September 30, 2024 as compared to 2023 is attributable to a decrease in the generation of transactional based products. The increase in the trailing based revenues is primarily due to the positive market performance related to the trail-eligible assets. The following table sets forth the components of our commission revenue for years December 31, 2023 and 2022 (in thousands):

| ​                        | ​ | For the years ended December 31, |    2022 |   |   |    2022 |     |         | $ Change |       | % Change |
|:-------------------------|:--|:---------------------------------|--------:|:--|:--|--------:|:----|--------:|:---------|------:|:---------|
| Sales-based              | ​ | $                                |  74,525 | ​ | $ |  83,988 |     |  -9,463 |          | -11.3 | %        |
| Trailing                 | ​ |                                  |  85,334 | ​ |   |  88,416 |     |  -3,082 |          |  -3.5 | %        |
| Total