Company: BCG
Filing Date: 2025-04-03
Form Type: S-1/A
Source: 0001410578-25-000637
Chunk: 46

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-03
Form: S-1/A
Chunk 46
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 of this proxy statement/prospectus titled “ Risk Factors .” Basis of Presentation Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Currently, we conduct business through one operating segment. The consolidated financial statements have been prepared assuming that we will continue as a going concern. See Note 1 in the accompanying consolidated financial statements for further details. Results of Operations The following presents an analysis of our results of operations for the years ended December 31, 2024 and 2023 ( in thousands ):

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 Revenues:                                   
 Revenue from Contracts with Customers:      | ​ 
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 For the years ended December 31, 
 2024                             |       ​ 
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 2023 |       ​ 
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 % Change | ​ 
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|:--------------------------------------------|:--|:---------------------------------|--------:|:--|:-----|--------:|:--|---------:|:--|
| 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 | % |

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 Expenses:                                       
 Commissions and fees                            
 Employee compensation and benefits              
 Rent and occupancy                              
 Professional fees                               
 Technology fees                                 
 Interest                                        
 Depreciation and amortization                   
 Other                                           
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 Total expenses                                  
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 (Loss) income before provision for income taxes 
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 Provision (benefit) for income taxes            
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