Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 129

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 129
---
 $
     52,604

     $
     16,763

     $
     35,841

      Equity-based compensation 

     1,080

     1,152

     (72
     )

      Total 
      
     $
     53,684

     $
     17,915

     $
     35,769

﻿ 

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 revenue.  Our total headcount was 124 at September 30, 2025 and 113 at September 30, 2024.  Equity-based compensation remained relatively unchanged. 

Business Development, Occupancy, and Equipment 

Business development, occupancy, and equipment increased by $474, or 30%, to $2,041 for the three months ended September 30, 2025, as compared to $1,567 for the three months ended September 30, 2024.  This increase was comprised of an increase in business development of $403 and an increase in occupancy and equipment of $71.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $80, or 3%, to $2,771 for the three months ended September 30, 2025, as compared to $2,691 for the three months ended September 30, 2024. The increase was comprised of an increase in clearing and execution of $98; partially offset by a decrease in subscriptions of $18.

Professional Fee and Other Operating Expenses 

Professional fees and other operating expenses increased by $1,618, or 75%, to $3,774 for the three months ended September 30, 2025, as compared to $2,156 for the three months ended September 30, 2024. This increase is comprised of an increase in professional fees of $1,410 and an increase in other operating expenses of $208.  

Depreciation and Amortization 

Depreciation and amortization increased by $39, or 27%, to $183 for the three months ended September 30, 2025, as compared to $144 for the three months ended September