COHN · Cohen & Co Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57.90M | - | $84.21M | $59.87M | $28.74M | - | $31.70M | $10.80M | $18.56M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $52.77M | - | $62.45M | $52.38M | $28.63M | - | $24.47M | $17.16M | $21.94M | - |
| D&A | $203.0K | - | $183.0K | $172.0K | $172.0K | - | $144.0K | $125.0K | $124.0K | - |
| Operating Income | $5.13M | - | $21.76M | $7.50M | $107.0K | - | $7.22M | ($6.37M) | ($3.38M) | - |
| Interest Expense | $3.83M | - | $9.21M | $10.41M | $9.15M | - | $9.15M | $11.25M | $8.49M | - |
| Income Tax | ($182.0K) | - | $733.0K | $771.0K | $139.0K | - | $142.0K | ($205.0K) | $498.0K | - |
| Net Income | $1.49M | - | $4.59M | $1.41M | $329.0K | - | $2.15M | ($2.35M) | $2.02M | - |
| EPS - Basic | $0.82 | - | $2.64 | $0.81 | $0.19 | - | $1.32 | ($1.45) | $1.28 | - |
| EPS - Diluted | $0.42 | - | $2.58 | $0.81 | $0.19 | - | $1.31 | ($1.47) | $1.28 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $18.99M | $56.76M | $54.69M | $26.00M | $13.98M | $19.59M | $14.29M | $9.57M | $11.83M | $10.65M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $684.14M | $700.59M | $773.85M | $1.13B | $978.05M | $971.15M | $818.01M | $826.01M | $1.06B | $772.76M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $28.59M | $32.90M | $32.72M | $32.55M | $35.00M | $34.90M | $34.85M | $29.69M | $29.70M | $29.72M |
| Total Liabilities | $583.99M | $597.50M | $672.80M | $1.04B | $892.39M | $880.87M | $717.39M | $730.39M | $948.00M | $680.96M |
| Stockholders' Equity | $51.52M | $51.08M | $47.84M | $43.36M | $42.00M | $41.73M | $43.77M | $41.66M | $43.75M | $41.68M |
| Retained Earnings | ($27.45M) | ($26.59M) | ($29.38M) | ($33.54M) | ($34.51M) | ($34.02M) | ($31.66M) | ($33.40M) | ($30.64M) | ($32.01M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($31.21M) | - | - | - | ($6.37M) | - | - | - | $5.14M | - |
| Investing Cash Flow | $2.52M | - | - | - | $4.19M | - | - | - | ($2.86M) | - |
| Financing Cash Flow | ($8.92M) | - | - | - | ($3.63M) | - | - | - | ($999.0K) | - |
| CapEx | $328.0K | - | - | - | $157.0K | - | - | - | $99.0K | - |
| Free Cash Flow | ($31.54M) | - | - | - | ($6.53M) | - | - | - | $5.04M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 8.9% | - | 25.8% | 12.5% | 0.4% | - | 22.8% | -59.0% | -18.2% | - |
| EBITDA margin | 9.2% | - | 26.1% | 12.8% | 1.0% | - | 23.2% | -57.8% | -17.5% | - |
| Net margin | 2.6% | - | 5.5% | 2.4% | 1.1% | - | 6.8% | -21.8% | 10.9% | - |
| Free cash flow margin | -54.5% | - | - | - | -22.7% | - | - | - | 27.1% | - |
| FCF / Net income | -21.14 | - | - | - | -19.84 | - | - | - | 2.49 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | -13.9% | - | 13.8% | 35.4% | 29.7% | - | 6.2% | - | 19.8% | - |
| Return on assets | 0.2% | - | 0.6% | 0.1% | 0.0% | - | 0.3% | -0.3% | 0.2% | - |
| Return on equity | 2.9% | - | 9.6% | 3.2% | 0.8% | - | 4.9% | -5.6% | 4.6% | - |
| Return on invested capital | 6.4% | - | 23.3% | 6.4% | 0.1% | - | 8.6% | -7.0% | -3.7% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.55 | 0.64 | 0.68 | 0.75 | 0.83 | 0.84 | 0.80 | 0.71 | 0.68 | 0.71 |
| Debt / Assets | 0.04 | 0.05 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 |
| Debt / EBITDA | 5.36 | - | 1.49 | 4.25 | 125.44 | - | 4.73 | - | - | - |
| Interest coverage | 1.3x | - | 2.4x | 0.7x | 0.0x | - | 0.8x | -0.6x | -0.4x | - |
| Equity multiplier | 13.28 | 13.72 | 16.18 | 26.10 | 23.28 | 23.27 | 18.69 | 19.83 | 24.26 | 18.54 |
| Liabilities / Assets | 0.85 | 0.85 | 0.87 | 0.92 | 0.91 | 0.91 | 0.88 | 0.88 | 0.89 | 0.88 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.11 | 0.05 | 0.03 | - | 0.04 | 0.01 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 35.9x | - | 4.3x | 12.3x | 43.1x | - | 6.4x | - | 5.6x | - |
| P / B | 1.8x | - | 1.4x | 1.4x | 1.1x | - | 1.1x | 1.2x | 0.9x | - |
| P / S | 1.6x | - | 0.8x | 1.0x | 1.7x | - | 1.5x | 4.7x | 2.2x | - |
| EV / EBITDA | 19.1x | - | 2.1x | 8.5x | 245.6x | - | 9.4x | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 101.5% | - | 165.7% | 454.5% | 54.8% | - | 85.1% | -52.2% | 110.4% | - |
| Revenue CAGR (3y) | 87.2% | - | 53.1% | 87.0% | - | - | 68.8% | 2.4% | -43.5% | - |
| Revenue CAGR (5y) | -10.8% | - | 31.0% | 19.9% | 10.1% | - | 23.0% | -0.7% | 10.7% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 4697.2% | - | 201.3% | - | - | - | - | - | 54.9% | - |
| Net income growth (YoY) | 353.5% | - | 113.6% | - | -83.7% | - | - | 64.4% | - | - |
| EPS growth (YoY) | 121.1% | - | 96.9% | - | -85.2% | - | - | 66.1% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | -43.2% | - |
| EPS CAGR (5y) | -43.0% | - | 16.7% | 3.3% | - | - | - | - | - | - |
| FCF growth (YoY) | -383.0% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 22.7% | 22.4% | 9.3% | 4.1% | -4.0% | 0.1% | 17.8% | 10.6% | -1.3% | -10.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$275.56M totalCapital Markets$234.96M · 85.3%
Principal Investing$30.00M · 10.9%
Asset Management Segment$10.61M · 3.9%
Product / service
$215.64M totalNew Issue And Advisory$187.61M · 87.0%
Gestational Repo Business$19.21M · 8.9%
Asset Management1$8.82M · 4.1%
Geographic
$275.56M totalUS$265.58M · 96.4%
Non Us$9.98M · 3.6%
Peer comparison
Same SIC group: Security Brokers, Dealers & Flotation Companies
Comparing Cohen & Co Inc. against the 5 most active filers in the same SIC group.
Dividends
$3.70/share trailing 12 months · +270.0% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $0.2500 |
| Mar 20, 2026 | $0.9500 |
| Jan 7, 2026 | $2.0000 |
| Nov 19, 2025 | $0.2500 |
| Aug 15, 2025 | $0.2500 |
| May 16, 2025 | $0.2500 |
| Mar 26, 2025 | $0.2500 |
| Nov 20, 2024 | $0.2500 |
| Aug 22, 2024 | $0.2500 |
| May 17, 2024 | $0.2500 |
| Mar 21, 2024 | $0.2500 |
| Nov 16, 2023 | $0.2500 |
| Aug 17, 2023 | $0.2500 |
| May 17, 2023 | $0.2500 |
| Mar 21, 2023 | $0.2500 |
| Nov 17, 2022 | $0.2500 |
| Aug 17, 2022 | $0.2500 |
| May 19, 2022 | $0.2500 |
| Mar 21, 2022 | $1.0000 |
| Nov 15, 2021 | $0.2500 |
| Aug 12, 2021 | $0.2500 |
| May 21, 2019 | $0.2000 |
| Mar 19, 2019 | $0.2000 |
| Nov 15, 2018 | $0.2000 |