Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 121

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 121
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 / (loss) before income taxes 

     9,522

     5,283

     4,239

     80
     %

      Income tax expense / (benefit) 

     733

     142

     (591
     )

     (416
     %)

      Net income / (loss) 

     8,789

     5,141

     3,648

     71
     %

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

     (6,853
     )

     (2,455
     )

     4,398

     179
     %

      Enterprise net income / (loss) 

     15,642

     7,596

     8,046

     106
     %

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

     11,049

     5,446

     (5,603
     )

     (103
     %)

      Net income / (loss) attributable to Cohen & Company Inc. 
      
     $
     4,593

     $
     2,150

     $
     2,443

     114
     %

Revenues 

Revenues increased by $52,518, or 166%, to $84,213 for the three months ended September 30, 2025, as compared to $31,695 for the three months ended September 30, 2024. Each line item is discussed below in more detail.  

       73

Net Trading 

Net trading revenue increased by $4,744, or 54%, to $13,560 for the three months ended September 30, 2025, as compared to $8,816 for the three months ended September 30, 2024.  The following table shows the detail by trading group.

NET TRADING

      Three Months Ended September 30, 

      2025 

      2024 

      Change 

      Mortgage 
      
     $
     1,024

     $
     1,177

     $
     (153
     )

      Gestation Repo 

     4,969

     3,843

     1,126

      High Yield Corporates 

     1,034

     73