Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1340

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1340
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 or per share information) 

      Year Ended December 31,  
   2024    2023    2022  
 Revenues             
 Net trading  $36,409  $30,926  $40,009 
 Asset management   9,009   7,337   9,004 
 New issue and advisory   63,422   28,264   24,721 
 Principal transactions and other income   (29,242)  16,454   (29,347)
 Total revenues   79,598   82,981   44,387 
             
 Operating expenses             
 Compensation and benefits   56,388   52,092   50,290 
 Business development, occupancy, equipment   6,617   5,204   5,076 
 Subscriptions, clearing, and execution   9,639   8,965   8,274 
 Professional fee and other operating   14,421   9,296   8,153 
 Depreciation and amortization   556   563   557 
 Total operating expenses   87,621   76,120   72,350 
             
 Operating income / (loss)   (8,023)  6,861   (27,963)
             
 Non-operating income / (expense)             
 Interest expense, net   (5,821)  (6,526)  (4,982)
 Income / (loss) from equity method affiliates   21,704   15,609   (20,931)
 Income / (loss) before income tax expense / (benefit)   7,860   15,944   (53,876)
 Income tax expense / (benefit)   (329)  5,545   4,794 
 Net income / (loss)   8,189   10,399   (58,670)
 Less: Net income / (loss) attributable to the non-convertible non-controlling interest of the Operating LLC   8,675   19,590   (23,203)
 Enterprise net (loss)   (486)  (9,191)  (35,467)
 Less: Net (loss) attributable to