Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1255

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1255
---
 with the funding of certain Vellar GP litigation expenses from $2,121 to $1,084.

      42

Consolidated Results of Operations 

﻿ 

The following section provides a comparative discussion of our consolidated results of operations for the specified periods. The period-to-period comparisons of financial results are not necessarily indicative of future results.

﻿ 

Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023

﻿ 

The following table sets forth information regarding our consolidated results of operations for the years ended December 31, 2024 and 2023.

     COHEN & COMPANY INC.

      CONSOLIDATED STATEMENTS OF OPERATIONS 

      (Dollars in Thousands) 

      Year Ended December 31, 

      Favorable / (Unfavorable) 

      2024 

      2023 

      $ Change 

      % Change 

      Revenues 

      Net trading 
      
     $
     36,409

     $
     30,926

     $
     5,483

     18
     %

      Asset management 

     9,009

     7,337

     1,672

     23
     %

      New issue and advisory 

     63,422

     28,264

     35,158

     124
     %

      Principal transactions and other income 

     (29,242
     )

     16,454

     (45,696
     )

     (278
     )%

      Total revenues 

     79,598

     82,981

     (3,383
     )

     (4
     )%

      Operating expenses 

      Compensation and benefits 

     56,388

     52,092

     (4,296
     )

     (8
     )%

      Business development, occupancy, equipment 

     6,617

     5,204

     (1,413
     )

     (27
     )%

      Subscriptions, clearing, and execution 

     9,639

     8,965

     (674
     )

     (8
     )%

      Professional fee and other operating 

     14,421

     9,296

     (5,125
     )

     (55
     )%

      Depreciation and amortization 

     556

     563