Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 269

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 269
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 we have earned a cumulative $20,000 in revenue share payments.  To date, we have earned $9,276 in connection with this revenue share arrangement.

       68

Operating Expenses 

Operating expenses increased by $41,905, or 107%, to $81,009 for the six months ended June 30, 2025, as compared to $39,104 for the six months ended June 30, 2024. Each line item is discussed in more detail below.  

Compensation and Benefits 

Compensation and benefits increased by $40,451, or 158%, to $65,989, for the six months ended June 30, 2025, as compared to $25,538 for the six months ended June 30, 2024.

COMPENSATION AND BENEFITS

      Six Months Ended June 30, 

      2025 

      2024 

      Change 

      Cash compensation and benefits 
      
     $
     63,784

     $
     23,234

     $
     40,550

      Equity-based compensation 

     2,205

     2,304

     (99
     )

      Total 
      
     $
     65,989

     $
     25,538

     $
     40,451

﻿ 

Cash compensation and benefits in the table above was primarily comprised of salary, incentive compensation, severance, employer portion of payroll taxes, and benefits.  The increase was primarily the result of increased incentive compensation driven by increased revenues.  Our total headcount was 118 at June 30, 2025 and 121 at June 30, 2024.  Equity-based compensation remained relatively unchanged. 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $785, or 26%, to $3,817 or the six months ended June 30, 2025, as compared to $3,032 for the six months ended June 30, 2024.  This increase was comprised of an increase in occupancy and equipment of $8, and an increase in business development of $777.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $203, or 5%, to $4,506 for the six months ended June 30