Core Insights - Binah Capital Group reported a 10% year-over-year increase in total revenue, reaching $137.0 million, and an 11% increase in assets under management (AuM) to $30.0 billion [1][8] - The company achieved a net income of $2.1 million for the first three quarters of 2025, compared to a net loss of $3.5 million in the same period of 2024 [1][8] - EBITDA rose significantly to $5.8 million from $1.0 million in the prior year, with a third-quarter EBITDA of $2.9 million compared to $0.4 million in the same period last year [2][5][21] Financial Performance - Total revenue for the third quarter of 2025 grew by 9.5% to $46.2 million, with gross profit increasing to $26.4 million from $23.5 million in the prior-year period [8][19] - Total operating expenses decreased to $23.5 million from $26.0 million, primarily due to the absence of non-recurring costs from the previous year [8] - The company reported a GAAP net income of $1.8 million for the third quarter of 2025, a significant improvement from a net loss of $1.2 million in the same period of 2024 [8][20] Liquidity and Capital Structure - As of September 30, 2025, Binah Capital had cash and cash equivalents of $8.3 million and long-term debt of $18.2 million [6] - The total assets of the company increased to $67.6 million from $66.7 million at the end of 2024 [16] Strategic Outlook - The CEO highlighted the company's strong performance and growth initiatives, expressing confidence in the opportunities presented by the dynamic macro environment [3] - Binah Capital aims to continue leveraging its differentiated RIA platform to drive growth and enhance shareholder value [3][9]
Binah Capital Group Reports Results for Third Quarter and First Nine Months of 2025