Company: BCG
Filing Date: 2025-09-03
Form Type: POS AM
Source: 0001410578-25-001926
Chunk: 58

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-03
Form: POS AM
Chunk 58
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 | ​       | 10.4 | %        |

Sales-based revenue decreased by approximately $1.0 million and increased approximately $3.7 million or (6.2)% and 11.6% for the three and six-month period ended June 30, 2025, respectively, as compared to 2024. Trailing based revenue increased by approximately $1.3 million and $3.4 million or 7.4% and 9.4% for the three and six-month period ended June 30, 2025, respectively, as compared to 2024. The decrease in sales-based revenue for the three month period ended June 30, 2025 as compared to 2024 is attributable to a decrease in the sales of insurance related products. The increase in sales-based revenue for the six-month period ended June 30, 2025, as compared to 2024 is attributable to an increase in the generation of transactional based products, specifically alternative investment products. The increase in the trailing based revenues is due to the increase in trail-based assets resulting from inflows of assets and positive market volatility. Commission revenue is generated from brokerage assets. The following tables summarize the brokerage assets for the three and six-month periods ended June 30, 2025 and 2024 (in billions):

| ​                | ​ 
 ​ | As of June 30, 
 ​              | 2025 |     | ​ | 2024 |
|:-----------------|:--|:---------------|-----:|:----|:--|-----:|
| Brokerage Assets |   | $              | 25.1 |     | $ | 22.8 |

31

Included in the brokerage assets above are trail-eligible assets as follows (in billions):

| ​                     | ​ 
 ​ | As of June 30, 
 ​              | 2025 |     | ​ | 2024 |
|:----------------------|:--|:---------------|-----:|:----|:--|-----:|
| Trail-Eligible Assets |   | $              | 18.1 |     | $ | 16.3 |

The following table summarizes activity impacting brokerage assets for the periods ended (in billions):

| ​                             
 Net Flows-Brokerage Assets    | ​ 
 ​ | For the three months ended June 30, 
 2025                                |      | ​ | 2024 |      | ​ 
 ​ | For the six months