Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 107

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 107
---
,366

     (34,048
     )

     (152
     %)

      Income / (loss) before income taxes 

     15,998

     15,499

     499

     3
     %

      Income tax expense / (benefit) 

     1,643

     435

     (1,208
     )

     (278
     %)

      Net income / (loss) 

     14,355

     15,064

     (709
     )

     (5
     %)

      Less: Net income (loss) attributable to the non-convertible non-controlling interest 

     (7,167
     )

     8,609

     15,776

     183
     %

      Enterprise net income / (loss) 

     21,522

     6,455

     15,067

     233
     %

      Less: Net income (loss) attributable to the convertible non-controlling interest 

     15,192

     4,631

     (10,561
     )

     (228
     %)

      Net income / (loss) attributable to Cohen & Company Inc. 
      
     $
     6,330

     $
     1,824

     $
     4,506

     247
     %

Revenues 

Revenues increased by $111,767, or 183%, to $172,824 for the nine months ended September 30, 2025, as compared to $61,057 for the nine months ended September 30, 2024. Each line item is discussed below in more detail.  

       63

Net Trading 

Net trading revenue increased by $6,066 to $33,528 for the nine months ended September 30, 2025, as compared to $27,462 for the nine months ended September 30, 2024.  The following table shows the detail by trading group.

NET TRADING

      Nine Months Ended September 30, 

      2025 

      2024 

      Change 

      Mortgage 
      
     $
     3,270

     $
     4,066

     $
     (796
     )

      Gestation Repo 

     13,606

     10,992

     2,614

      High Yield Corporates 

     1,