Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 72

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 72
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 the Capital Markets segment with all other principal transactions gains and losses included in the Principal Investing segment. Prior to  December 31, 2024, all principal transactions gains and losses were included in the Principal Investing segment.  The Company restated all prior periods presented to be consistent.  The CODM evaluates the performance of the Capital Markets segment including the gains and losses on the financial instruments received through CCM's activities.    
    
   Interest expense in the table below includes non-operating interest expense.  Interest income and expense relating to operations is included in net trading revenue. See note 5. Indirect expenses (such as general and administrative expenses including executive and indirect overhead costs) not directly associated with specific business segments are not allocated to the business segments’ statements of operations.  See (1) below.
    
   Beginning in 2024 annual reporting, the Company adopted ASU 2023-07 retrospectively. The following table sets forth the Company's segment information of revenue, expenses, and income (loss) from operations.﻿ 
    
   SEGMENT INFORMATION
   Statement of Operations Information
   Nine Months Ended  September 30, 2025

       Capital    Asset    Principal    Segment    Unallocated      
   Markets    Management    Investing    Total    (1)    Total  
 Net trading  $33,528  $-  $-  $33,528  $-  $33,528 
 Asset management   -   6,136   -   6,136   -   6,136 
 New issue and advisory   298,658   -   -   298,658   -   298,658 
 Principal transactions   (165,755)  -   (774)  (166,529)  -   (166,529)
 Other income   1   1,609   (579)  1,031   -   1,031 
 Total revenues   166,432   7,745   (1,353)  172,824   -   172,824 
 Cash compensation and benefits   102,225   4,163   432   106,820   9,567   116,387 
 Stock based compensation   271