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

Company: Binah Capital Group, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2M
Chunk 10
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 which we pay out to our advisors.

Executive Summary

Financial Highlights

Results for the three and nine-month period ended September 30, 2025 included net income of approximately $1.8 million and $2.1 million, respectively and total revenue of approximately $46.2 million and $136.6 million, respectively, which compares to a net loss and total revenue of $(1.2) million and $(3.5) million and approximately $42.2 million and $124.3 million, respectively, for the three and nine-month period ended September 30, 2024.

Asset Trends

Total advisory and brokerage assets served were $29.9 billion at September 30, 2025, compared to $26.9 billion at September 30, 2024. Total net new assets were $(0.2) billion and $(1.3) billion for the three and nine-month period ended September 30, 2025, respectively, compared to $0.4 billion and ($1.8) billion for the same period in 2024.

Net new advisory assets were $0.0 billion and $0.0 billion for the three and nine-month period ended September 30, 2025, respectively, compared to $0.0 billion and (0.1) billion for the same period in 2024. Advisory assets were $2.9 billion at September 30, 2025, which is an increase of 16% as compared to the $2.5 billion at September 30, 2024.

Net new brokerage assets were $(0.2) billion and $(1.3) billion for the three and nine-month period ended September 30, 2025, compared to $0.4 billion and $(1.7) billion for the same period in 2024. Brokerage assets were $27.0 billion at September 30, 2025, up 10% from $24.5 billion at September 30, 2024.