Company: BCG
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001104659-25-111462
Chunk: 3

Company: Binah Capital Group, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1F
Chunk 3
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Item 1. Financial Statements.

BINAH CAPITAL GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(in thousands except for share and per share amounts)

​

​​​​​​​​​Unaudited​ ​    September 30, 2025    December 31, 2024ASSETS​​​​​​Assets:​​​​​​Cash, cash equivalents and restricted cash​$ 8,339​$ 8,486Receivables, net:​ ​​ ​Commission receivable​  10,239​  9,198Due from clearing broker​  900​  873Other​  1,207​  938Property and equipment, net​  389​  599Right of use assets​  3,258​  3,730Intangible assets, net​  758​  1,021Goodwill​  39,839​  39,839Other assets​  2,635​  1,993​​​ ​​​ ​TOTAL ASSETS​$ 67,564​$ 66,677​​​​​​​LIABILITIES AND STOCKHOLDERS’ EQUITY​   ​   ​​​​​​​Liabilities:​   ​   Accounts payable, accrued expenses and other liabilities​$ 10,520​$ 10,208Commissions payable​  12,104​  11,468Operating lease liabilities​  3,378​  3,820Notes payable, net of unamortized debt issuance costs of $627 and $739 as of September 30, 2025 and December 31, 2024, respectively​  18,150​  19,561Promissory notes-affiliates​  5,313​  5,442​​​​​​​TOTAL LIABILITIES​  49,465​  50,499​​​​​​​Mezzanine Equity:​   ​   Redeemable Series A Convertible Preferred Stock, par value $0.0001, 2,000,000 shares authorized, 1,608,000 and 1,555,000 shares outstanding at September 30, 2025 and December 31, 2024​  15,483​  14,947Stockholders’ Equity and Members’ Equity:​   ​