Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 284

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 284
---
 income / (loss) before tax 
      
     $
     15,499

     $
     -

     $
     15,499

      Income tax expense / (benefit) 

     424

     11

     435

      Net income / (loss) after tax 

     15,075

     (11
     )

     15,064

      Other consolidated subsidiary non-controlling interest 

     8,609

      Net income / (loss) attributable to the Operating LLC 

     6,466

      Average effective Operating LLC non-controlling interest % (1) 

     71.62
     %

      Operating LLC non-controlling interest 
      
     $
     4,631

      (1) 
      Non-controlling interest is recorded on a quarterly basis. Because earnings are recognized unevenly throughout the year and the non-controlling interest percentage may change during the period, the average effective non-controlling interest percentage may not equal the percentage at the end of any period or the simple average of the beginning and ending percentages. 

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       72

Three Months Ended September 30, 2025 Compared to the Three Months Ended September 30, 2024

The following table sets forth information regarding our consolidated results of operations for the three months ended September 30, 2025 and 2024. 

COHEN & COMPANY INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) 

      Three Months Ended September 30, 

      Favorable / (Unfavorable) 

      2025 

      2024 

      $ Change 

      % Change 

      Revenues 

      Net trading 
      
     $
     13,560

     $
     8,816

     $
     4,744

     54
     %

      Asset management 

     1,948

     2,147

     (199
     )

     (9
     %)

      New issue and advisory 

     228,008

     22,459

     205,549

     915
     %

      Principal transactions and other income (loss) 

     (159,303
     )

     (1,727
     )

     (157,576
     )

     (9,124
     %)

      Total revenues 

     84,213

     31,695

     52,518