Company: BCG
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001104659-25-088309
Chunk: 50

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 50
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,319 | ​ |    122.5 | % |

29

The following presents an analysis of our results of operations for the years ended December 31, 2024 and 2023 ( in thousands):

| ​                                           
 ​                                           
 ​                                           
 Revenues:                                   
 Revenue from Contracts with Customers:      | ​ 
 ​ 
 ​ 
 ​ | ​                                
 For the years ended December 31, 
 2024                             |       ​ 
       ​ | ​ 
 ​ 
 ​ | ​    
 2023 |       ​ 
       ​ | ​ 
 ​ |        ​ 
 % Change | ​ 
 ​ 
 ​ |
|:--------------------------------------------|:--|:---------------------------------|--------:|:--|:-----|--------:|:--|---------:|:--|
| Commissions                                 | ​ | $                                | 139,452 | ​ | $    | 138,191 |   |      0.9 | % |
| Advisory Fees                               | ​ |                                  |  24,939 | ​ |      |  21,668 |   |     15.1 | % |
| Total Revenue from Contracts with Customers | ​ |                                  | 164,391 | ​ |      | 159,859 |   |        ​ | ​ |
| Interest and other income                   | ​ |                                  |   4,512 | ​ |      |   8,096 |   |    -44.3 | % |
| Total revenues                              | ​ |                                  | 168,903 | ​ |      | 167,955 |   |      0.6 | % |

| ​                                               
 ​                                               
 Expenses:                                       
 Commissions and fees                            
 Employee compensation and benefits              
 Rent and occupancy                              
 Professional fees                               
 Technology fees                                 
 Interest                                        
 Depreciation and amortization                   
 Other                                           
 ​                                               
 Total expenses                                  
 ​                                               
 (Loss) income before provision for income taxes 
 ​                                               
 Provision (benefit) for income taxes            
 ​                                               | ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​                                
 For the years ended December 31, 
 2024                             
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                
 ​                                |       ​ 
 136,932 
  15,544