Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 4

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 4
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2,040,052 shares issued and outstanding, respectively, including 315,538 and 404,971 unvested or restricted share awards, respectively   21   20 
 Additional paid-in capital   77,447   76,704 
 Accumulated other comprehensive loss   (986)  (1,007)
 Accumulated deficit   (34,505)  (34,016)
 Total stockholders' equity   42,004   41,728 
 Non-controlling interest   43,656   48,555 
 Total equity   85,660   90,283 
 Total liabilities and equity  $978,050  $971,149 

( 

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See accompanying notes to unaudited consolidated financial statements.

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      Table of Contents

COHEN & COMPANY INC. 

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) 

(Dollars in Thousands, except share or per share information) 

(Unaudited) 

      Three Months Ended March 31,  
   2025    2024  
 Revenues         
 Net trading  $9,211  $9,848 
 Asset management   2,020   2,717 
 New issue and advisory   33,239   24,388 
 Principal transactions and other income (loss)   (15,730)  (18,389)
 Total revenues   28,740   18,564 
         
 Operating expenses         
 Compensation and benefits   21,666   14,839 
 Business development, occupancy, equipment   1,829   1,441 
 Subscriptions, clearing, and execution   2,174   2,086 
 Professional fee and other operating   2,792   3,449 
 Depreciation and amortization   172   124 
 Total operating expenses   28,633   21,939 
         
 Operating income (loss)   107   (3,375)
         
 Non-operating income (expense)         
 Interest expense, net   (1,448)  (1,666)
 Income (loss) from equity method affiliates   2,418   29,045 
 Income (loss) before income tax expense (benefit)   1,077   24