BCG on Nasdaq
Binah Capital Group, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Variable Annuities and Other Insurance Commissions brought in 59% of the revenue Binah Capital Group, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Variable Annuities and Other Insurance Commissions | $100.4M | $106.8M |
| Advisory Fees | $24.9M | $28.6M |
| Mutual Fund Commissions | $21.1M | $24.0M |
| Securities Commissions | $11.8M | $11.8M |
| Alternative Investments | $6.1M | $10.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs99¢$179.7M
- Profit1¢$2.3M
Out of $182.0M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$61.0K
- Kept or used elsewhere99¢$5.1M
Out of $5.2M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Commissions | $153.4M | $139.5M |
| Advisory fees | $28.6M | $24.9M |
| Total Revenue from Contracts with Customers | $182.0M | $164.4M |
| Interest and other income | $5.1M | $4.5M |
| Total revenues | $187.1M | $168.9M |
| Commissions and fees | $149.3M | $135.3M |
| Employee compensation and benefits | $18.9M | $15.5M |
| Rent and occupancy | $1.1M | $1.1M |
| Professional fees | $2.3M | $7.0M |
| Technology fees | $3.0M | $1.3M |
| Interest | $2.1M | $4.0M |
| Depreciation and amortization | $697.0K | $1.0M |
| Other | $7.2M | $6.8M |
| Total expenses | $184.5M | $172.1M |
| Income (loss) before provision for income taxes | $2.6M | -$3.1M |
| Provision for income taxes | $303.0K | $1.4M |
| Net income (loss) | $2.3M | -$4.6M |
| Net income attributable to Legacy Wentworth Management Services LLC members | $730.0K | |
| Net income (loss) attributable to Binah Capital Group, Inc. | $2.3M | -$5.3M |
| Net income (loss) per share basic (in dollars per share) | $0.05 | -$0.39 |
| Net income (loss) per share diluted (in dollars per share) | $0.04 | -$0.39 |
| Weighted average shares outstanding: basic (in shares) | 16.7M shares | 16.6M shares |
| Weighted average shares outstanding: diluted (in shares) | 17.0M shares | 16.6M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash, cash equivalents and restricted cash | $10.7M | $8.5M | |
| Commission receivable | $10.4M | $9.2M | |
| Due from clearing broker | $707.0K | $873.0K | |
| Other | $1.3M | $938.0K | |
| Property and equipment, net | $342.0K | $599.0K | |
| Right of use assets | $3.1M | $3.7M | |
| Intangible assets, net | $671.0K | $1.0M | |
| Goodwill | $39.8M | $39.8M | |
| Other assets | $3.1M | $2.0M | |
| TOTAL ASSETS | $70.2M | $66.7M | |
| Accounts payable, accrued expenses and other liabilities | $13.1M | $10.2M | |
| Commissions payable | $12.6M | $11.5M | |
| Operating lease liabilities | $3.2M | $3.8M | |
| Notes payable, net of unamortized debt issuance costs of $590 and $739 as of December 31, 2025 and December 31, 2024, respectively | $17.7M | $19.6M | |
| Promissory notes-affiliates | $5.3M | $5.4M | |
| TOTAL LIABILITIES | $51.9M | $50.5M | |
| Common stock, $0.0001 par value, 55,000,000 authorized, 16,716,000 and 16,602,460 issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $0 | $0 | |
| Additional paid-in-capital | $23.7M | $23.0M | |
| Accumulated deficit | -$22.5M | -$23.3M | |
| Accumulated other comprehensive (loss) | -$114.0K | $0 | |
| Total Stockholders' Equity and Mezzanine Equity | $18.3M | $16.2M | $5.1M |
| TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY | $70.2M | $66.7M | |
| Unamortized debt issuance costs | $590.0K | $739.0K | |
| Common stock par value | $0.00 | $0.00 | |
| Common stock shares authorized | 55.0M shares | 55.0M shares | |
| Common stock shares issued | 16.7M shares | 16.6M shares | |
| Common stock shares outstanding | 16.7M shares | 16.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $2.3M | -$4.6M |
| Depreciation and amortization | $697.0K | $1.0M |
| Deferred income taxes | -$907.0K | $607.0K |
| Amortization of debt issuance costs | $148.0K | $645.0K |
| Non-cash lease expense | $633.0K | $602.0K |
| Change in allowance for credit losses | $468.0K | |
| Share-based compensation | $725.0K | |
| Due from clearing broker | $166.0K | -$242.0K |
| Commissions receivable | -$1.2M | -$978.0K |
| Other receivables | -$323.0K | $181.0K |
| Other assets | -$263.0K | $98.0K |
| Accounts payable and accrued expenses | $2.6M | $1.0M |
| Commissions payable | $1.2M | $792.0K |
| Operating lease liabilities | -$599.0K | -$561.0K |
| Net Cash Provided By (Used In) Operating Activities | $5.2M | -$617.0K |
| Purchases of property and equipment | -$61.0K | -$85.0K |
| Net Cash Used In Investing Activities | -$61.0K | -$85.0K |
| Borrowings under note payable | $20.3M | |
| Payment of debt issuance costs | -$739.0K | |
| Repayment - notes payable | -$2.0M | -$21.5M |
| Repayment of promissory notes-affiliates | -$3.4M | |
| Repayment of borrowings from members | -$903.0K | |
| Net payment for reverse merger and recapitalization | -$7.9M | |
| Proceeds from Series A redeemable convertible preferred stock issuance | $14.4M | |
| Proceeds from Series B convertible stock issurance | $1.5M | |
| Dividend Series A - redeemable convertible preferred stock | -$724.0K | -$547.0K |
| Dividend Series B - redeemable convertible preferred stock | -$106.0K | |
| Proceeds from exercise of warrants | $416.0K | |
| Distribution of capital | -$85.0K | |
| Net Cash (Used In) Provided By Financing Activities | -$2.9M | $1.6M |
| Net Change in Cash, Cash Equivalents and Restricted Cash | $2.2M | $865.0K |
| Interest | $1.6M | $2.6M |
| Income taxes | $469.0K | $271.0K |
| Dividend paid in kind | $721.0K | $547.0K |
Recent filings
- Sep 9, 20264 OWNERSHIP DOCUMENT
- Aug 20, 20268-K
- Aug 17, 2026S-8
- Aug 14, 20268-K
- Aug 13, 202610-Q
- Jul 20, 2026SCHEDULE 13G/A
- Jun 15, 20268-K
- May 20, 20264
- May 20, 20264 OWNERSHIP DOCUMENT
- May 15, 202610-Q
- May 15, 20268-K
- Apr 30, 2026DEF 14A
- Apr 30, 2026ARS
- Apr 2, 2026S-8
- Mar 31, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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