Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 115

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 115
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     $
     76,220

﻿ 

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 revenues.  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 $1,259, or 27%, to $5,858 or the nine months ended September 30, 2025, as compared to $4,599 for the nine months ended September 30, 2024.  This increase was comprised of an increase in occupancy and equipment of $79, and an increase in business development of $1,180.  

Subscriptions, Clearing, and Execution 

Subscriptions, clearing, and execution increased by $283, or 4%, to $7,277 for the nine months ended September 30, 2025, as compared to $6,994 for the nine months ended September 30, 2024. The increase was comprised of an increase in subscriptions and dues of $474, partially offset by a decrease in clearing and execution of $191.  

Professional Fee and Other Operating Expenses 

Professional fees and other operating expenses increased by $1,989, or 24%, to $10,127 for the nine months ended September 30, 2025, as compared to $8,138 for the nine months ended September 30, 2024. The increase was comprised of an increase in professional fees of $1,418, and an increase in other operating expense of $571.  

Depreciation and Amortization 

Depreciation and amortization increased by $134, or 34%, to $527 for the nine months ended September 30, 2025, as compared to $393 for the nine months ended September 30, 2024. 

       69

Non-Operating Income and Expense 

Interest Expense, net 

Interest expense, net decreased by $69 to $4,416 for the nine months ended September 30, 2025, as compared to $4,347