Binah Capital Group, Inc.(BCG) - 2025 Q3 - Quarterly Results

Financial Performance - Total revenue increased by 10% year-over-year to $137.0 million for the first nine months of 2025[1] - Net income for the first three quarters of 2025 was $2.1 million, compared to a net loss of $3.5 million in the same period in 2024[6] - In the third quarter of 2025, total revenue grew by 9.5% to $46.2 million[6] - The company achieved GAAP profitability with a net income of $1.8 million in the third quarter of 2025, compared to a net loss of $1.2 million in the prior year[6] - For the three months ended September 30, 2025, net income was $1.8 million, compared to a net loss of $1.2 million in the same period of 2024[20] - For the nine months ended September 30, 2025, net income improved to $2.1 million from a net loss of $3.5 million in 2024[20] EBITDA and Profitability - EBITDA rose to $5.8 million for the first nine months of 2025, up from $1.0 million in the prior year[7] - EBITDA for the three months ended September 30, 2025, was $2.9 million, significantly up from $0.4 million in the same period of 2024[20] - EBITDA for the nine months ended September 30, 2025, reached $5.8 million, compared to $0.9 million in the same period of 2024[20] Expenses and Costs - Total operating expenses decreased to $23.5 million from $26.0 million in the prior-year period[6] - Interest expense decreased to $0.5 million for the three months ended September 30, 2025, down from $0.8 million in 2024[20] - Share-based compensation was $0.2 million for the three months ended September 30, 2025, while there was no expense recorded in the same period of 2024[20] - Provision for income taxes for the three months ended September 30, 2025, was $0.2 million, compared to $0.5 million in 2024[20] - Depreciation and amortization for the three months ended September 30, 2025, was $0.2 million, slightly down from $0.3 million in 2024[20] Assets and Liabilities - Assets Under Management (AuM) grew by 11% year-over-year to $30.0 billion as of September 30, 2025[6] - Cash and cash equivalents stood at $8.3 million, with outstanding long-term debt of $18.2 million as of September 30, 2025[8] Outlook and Confidence - The company remains confident in its growth opportunities amid a dynamic macro environment[3]