SIEB on Nasdaq
SIEBERT FINANCIAL CORP
American security brokers company, incorporated in New York. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerSIEB on Nasdaq1
- IndustrySecurity Brokers, Dealers & Flotation Companies1
- HeadquartersNew York, New York1
- Incorporated inNY2
- Business address120 Wall Street, 25Th Floor, New York, Ny 100052
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Digital Solutions, Ltd. (“STXD”) is an inactive subsidiary headquartered in Bermuda.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
5.9%Operating margin4
5.4%Net margin4
12.3%Revenue growth, 20254
5.7%Return on equity4
0.05×Debt to equity4
$9.7MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Stock Borrow Stock Loan brought in 31% of the revenue SIEBERT FINANCIAL CORP broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Stock Borrow Stock Loan | $19.2M | $29.0M |
| Interest Marketing And Distribution Fees | $32.4M | $27.6M |
| Principal Transactions And Proprietary Trading | $14.6M | $17.5M |
| Commissions And Fees | $9.6M | $8.9M |
| Other Incomes | $3.4M | $3.6M |
| Advisory Fees | $2.4M | $3.3M |
| Market Making | $2.3M | $2.2M |
| Investment Banking | $769.0K | |
| Music And Artist Services Revenue | $616.0K | |
| NILRevenue | $594.0K |
Business segments
Financial Services brought in 99% of the revenue SIEBERT FINANCIAL CORP broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Financial Services | $83.9M | $93.0M |
| Media Sports And Entertainment | $1.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs94¢$88.6M
- Income tax0¢$445.0K
- Profit5¢$5.1M
Out of $94.2M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending5¢$552.0K
- Kept or used elsewhere95¢$9.7M
Out of $10.2M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Commissions and fees | $8.9M | $9.6M |
| Interest, marketing and distribution fees | $27.6M | $32.4M |
| Principal transactions and proprietary trading | $17.5M | $14.6M |
| Market making | $2.2M | $2.3M |
| Stock borrow / stock loan | $29.0M | $19.2M |
| Advisory fees | $3.3M | $2.4M |
| Other income | $4.8M | $3.4M |
| Investment banking | $769.0K | |
| Total Revenue | $94.2M | $83.9M |
| Employee compensation and benefits | $58.5M | $44.0M |
| Clearing fees, including execution costs | $2.1M | $1.6M |
| Technology and communications | $5.3M | $3.9M |
| Other general and administrative | $6.9M | $4.5M |
| Data processing | $4.0M | $3.2M |
| Rent and occupancy | $1.9M | $1.6M |
| Professional fees | $6.0M | $5.6M |
| Depreciation and amortization | $2.4M | $1.4M |
| Interest expense | $452.0K | $262.0K |
| Advertising and promotion | $1.1M | $348.0K |
| Total Expenses | $88.6M | $66.4M |
| Operating income | $5.6M | $17.5M |
| Income before provision for income taxes | $5.6M | $17.5M |
| Provision for income taxes | $445.0K | $4.2M |
| Net income | $5.1M | $13.3M |
| Less net income attributable to noncontrolling interests | $17.0K | |
| Net income available to common stockholders | $5.1M | $13.3M |
| Basic (in Dollars per share) | $0.13 | $0.33 |
| Diluted (in Dollars per share) | $0.13 | $0.33 |
| Basic (in Shares) | 40.4M shares | 40.0M shares |
| Diluted (in Shares) | 40.4M shares | 40.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-06-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $22.4M | $32.6M | ||
| Cash and securities segregated for regulatory purposes; (Cash of $151.0 million, securities with a fair value of $34.6 million as of December 31, 2025; Cash of $135.8 million, securities with a fair value of $68.8 million as of December 31, 2024) | $185.6M | $204.6M | ||
| Receivables from customers | $73.5M | $84.4M | ||
| Receivables from broker-dealers and clearing organizations | $6.8M | $3.9M | ||
| Receivables from non-customers | $1.8M | $607.0K | ||
| Other receivables | $4.5M | $2.7M | ||
| Prepaid expenses and other assets | $3.8M | $2.3M | ||
| Securities borrowed | $408.5M | $139.0M | ||
| Securities owned, at fair value | $19.9M | $21.4M | ||
| Taxes receivable | $142.0K | |||
| Total Current assets | $726.9M | $491.5M | ||
| Deposits with broker-dealers and clearing organizations | $5.5M | $4.2M | ||
| Property, office facilities, and equipment, net | $10.4M | $10.2M | ||
| Software, net | $5.9M | $4.8M | ||
| Intangible assets, net | $908.0K | $697.0K | ||
| Lease right-of-use assets | $2.3M | $2.4M | ||
| Investments, cost | $2.4M | $2.0M | ||
| Deferred tax assets | $2.5M | $3.4M | ||
| Goodwill | $2.3M | $2.3M | ||
| Total Assets | $759.0M | $519.7M | ||
| Payables to customers | $237.2M | $227.1M | ||
| Payables to non-customers | $7.0K | $3.3M | ||
| Drafts payable | $2.8M | $1.3M | ||
| Payables to broker-dealers and clearing organizations | $769.0K | $444.0K | ||
| Accounts payable and accrued liabilities | $4.5M | $5.2M | ||
| Taxes payable | $2.2M | |||
| Securities loaned | $407.3M | $185.0M | ||
| Securities sold, not yet purchased, at fair value | $219.0K | $26.0K | ||
| Other deferred revenue | $70.0K | |||
| Current portion of contract termination liability | $819.0K | $1.7M | ||
| Current portion of deferred contract incentive | $960.0K | $496.0K | ||
| Current portion of lease liabilities | $1.1M | $886.0K | ||
| Current portion of debt | $5.1M | $88.0K | ||
| Total Current liabilities | $660.8M | $427.8M | ||
| Contract termination liability, less current portion | $819.0K | |||
| Deferred contract incentive, less current portion | $3.6M | |||
| Lease liabilities, less current portion | $1.4M | $1.8M | ||
| Debt, less current portion | $4.0M | $4.1M | ||
| Total Liabilities | $669.9M | $434.6M | ||
| Common stock, $0.01 par value; 100,000,000 shares authorized; 41,435,936 shares issued and 40,435,936 shares outstanding as of December 31, 2025, respectively. 41,120,936 shares issued and 40,120,936 shares outstanding as of December 31, 2024, respectively. | $415.0K | $412.0K | ||
| Treasury stock, at cost; 1,000,000 shares held as of both December 31, 2025 and December 31, 2024. | -$2.5M | -$2.5M | ||
| Additional paid-in capital | $46.0M | $46.1M | ||
| Retained earnings | $45.2M | $40.1M | ||
| Total Stockholders equity | $89.2M | $84.1M | ||
| Noncontrolling interests | $1.0M | |||
| Total Equity | $89.2M | $85.1M | $70.7M | |
| Total Liabilities and Equity | $759.0M | $519.7M | ||
| Cash | $151.0M | $135.8M | ||
| Fair value | $34.6M | $68.8M | ||
| Common stock, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in Shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued (in Shares) | 41.4M shares | 41.1M shares | ||
| Common stock, shares outstanding (in Shares) | 40.4M shares | 40.1M shares | ||
| Treasury stock, at cost (in Shares) | 1.0M shares | 1.0M shares |
| Period ending | 2025-12-31 | 2025-06-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $22.4M | $32.6M | ||
| Cash and securities segregated for regulatory purposes; (Cash of $151.0 million, securities with a fair value of $34.6 million as of December 31, 2025; Cash of $135.8 million, securities with a fair value of $68.8 million as of December 31, 2024) | $185.6M | $204.6M | ||
| Receivables from customers | $73.5M | $84.4M | ||
| Receivables from broker-dealers and clearing organizations | $6.8M | $3.9M | ||
| Receivables from non-customers | $1.8M | $607.0K | ||
| Other receivables | $4.5M | $2.7M | ||
| Prepaid expenses and other assets | $3.8M | $2.3M | ||
| Securities borrowed | $408.5M | $139.0M | ||
| Securities owned, at fair value | $19.9M | $21.4M | ||
| Taxes receivable | $142.0K | |||
| Total Current assets | $726.9M | $491.5M | ||
| Deposits with broker-dealers and clearing organizations | $5.5M | $4.2M | ||
| Property, office facilities, and equipment, net | $10.4M | $10.2M | ||
| Software, net | $5.9M | $4.8M | ||
| Intangible assets, net | $908.0K | $697.0K | ||
| Lease right-of-use assets | $2.3M | $2.4M | ||
| Investments, cost | $2.4M | $2.0M | ||
| Deferred tax assets | $2.5M | $3.4M | ||
| Goodwill | $2.3M | $2.3M | ||
| Total Assets | $759.0M | $519.7M | ||
| Payables to customers | $237.2M | $227.1M | ||
| Payables to non-customers | $7.0K | $3.3M | ||
| Drafts payable | $2.8M | $1.3M | ||
| Payables to broker-dealers and clearing organizations | $769.0K | $444.0K | ||
| Accounts payable and accrued liabilities | $4.5M | $5.2M | ||
| Taxes payable | $2.2M | |||
| Securities loaned | $407.3M | $185.0M | ||
| Securities sold, not yet purchased, at fair value | $219.0K | $26.0K | ||
| Other deferred revenue | $70.0K | |||
| Current portion of contract termination liability | $819.0K | $1.7M | ||
| Current portion of deferred contract incentive | $960.0K | $496.0K | ||
| Current portion of lease liabilities | $1.1M | $886.0K | ||
| Current portion of debt | $5.1M | $88.0K | ||
| Total Current liabilities | $660.8M | $427.8M | ||
| Contract termination liability, less current portion | $819.0K | |||
| Deferred contract incentive, less current portion | $3.6M | |||
| Lease liabilities, less current portion | $1.4M | $1.8M | ||
| Debt, less current portion | $4.0M | $4.1M | ||
| Total Liabilities | $669.9M | $434.6M | ||
| Common stock, $0.01 par value; 100,000,000 shares authorized; 41,435,936 shares issued and 40,435,936 shares outstanding as of December 31, 2025, respectively. 41,120,936 shares issued and 40,120,936 shares outstanding as of December 31, 2024, respectively. | $415.0K | $412.0K | ||
| Treasury stock, at cost; 1,000,000 shares held as of both December 31, 2025 and December 31, 2024. | -$2.5M | -$2.5M | ||
| Additional paid-in capital | $46.0M | $46.1M | ||
| Retained earnings | $45.2M | $40.1M | ||
| Total Stockholders equity | $89.2M | $84.1M | ||
| Noncontrolling interests | $1.0M | |||
| Total Equity | $89.2M | $85.1M | $70.7M | |
| Total Liabilities and Equity | $759.0M | $519.7M | ||
| Cash | $151.0M | $135.8M | ||
| Fair value | $34.6M | $68.8M | ||
| Common stock, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in Shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued (in Shares) | 41.4M shares | 41.1M shares | ||
| Common stock, shares outstanding (in Shares) | 40.4M shares | 40.1M shares | ||
| Treasury stock, at cost (in Shares) | 1.0M shares | 1.0M 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 as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $5.1M | $13.3M |
| Deferred income tax expense | $2.0M | $1.1M |
| Depreciation and amortization | $2.4M | $1.4M |
| Share-based compensation | $1.5M | $460.0K |
| Interest related to contract termination liability payment | $255.0K | $102.0K |
| Securities segregated for regulatory purposes | $34.2M | $46.8M |
| Receivables from customers | $10.9M | -$11.5M |
| Receivables from non-customers | -$1.2M | -$366.0K |
| Receivables from and deposits with broker-dealers and clearing organizations | -$4.2M | $3.6M |
| Securities borrowed | -$269.5M | $255.7M |
| Securities owned, at fair value | $1.5M | -$3.3M |
| Prepaid expenses and other assets | -$2.9M | -$862.0K |
| Payables to customers | $10.1M | -$62.6M |
| Payables to non-customers | -$3.3M | $2.6M |
| Drafts payable | $1.5M | -$395.0K |
| Payables to broker-dealers and clearing organizations | $325.0K | -$37.0K |
| Accounts payable and accrued liabilities | -$837.0K | $1.6M |
| Securities loaned | $222.3M | -$234.5M |
| Securities sold, not yet purchased, at fair value | $193.0K | $24.0K |
| Net lease liabilities | -$40.0K | $33.0K |
| Taxes payable / receivable | -$2.3M | -$130.0K |
| Deferred contract incentive | $4.1M | -$750.0K |
| Contract termination payment | -$2.0M | -$2.0M |
| Other deferred revenue | $70.0K | |
| Net cash provided by operating activities | $10.2M | $10.1M |
| Purchase of office facilities and equipment | -$552.0K | -$223.0K |
| Purchase of software | -$2.2M | -$3.2M |
| Additions to property, office facilities, and equipment | -$632.0K | -$1.4M |
| Acquisition of BMLG assets | -$441.0K | |
| Investment in FusionIQ | -$2.4M | |
| Media production cost | -$442.0K | |
| Transaction with J2 Financial | -$35.0K | |
| Cash paid in a business acquisition, net of cash and cash equivalents acquired | -$1.1M | |
| Net cash used in investing activities | -$6.6M | -$6.0M |
| Bank loan - short term | $5.0M | |
| RISE cash distribution | -$35.0K | |
| RISE share repurchase | -$3.6M | |
| Repayments of long-term debt | -$89.0K | -$85.0K |
| Net cash provided by (used in) financing activities | $1.3M | -$85.0K |
| Net change in cash and cash equivalents, and cash segregated for regulatory purposes | $5.0M | $3.9M |
| Cash paid, net of refunds received during the year for income taxes | $792.0K | $3.2M |
| Cash paid during the year for interest | $197.0K | $160.0K |
| Transaction with J2 Financial | $350.0K | |
| Share-based compensation | $270.0K | |
| RISE share repurchase - payable portion | $119.0K | |
| RISE tax impact | $1.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led SIEBERT FINANCIAL CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJohn J. Gebbia Jun 12, 2025 to now12
- Chief financial officerAndrew H. Reich Dec 21, 2016 to now13
- Chief financial officerJoseph M. Ramos Jr. Aug 21, 2006 to Aug 21, 200614
- Chief operating officerAndrew H. Reich Dec 21, 2016 to now13
Board members and other officers (15)
- SecretaryDaniel Iesu Nov 20, 2006 to Nov 28, 200715
- Board memberJohn M. Gebbia Sep 30, 2026 to now16
- Board memberLewis Solimene Nov 28, 2025 to now17
- Board memberHocheol Simon Shin Jun 16, 2023 to Jun 16, 202318
- Board memberJohn J. Gebbia Jun 2, 2020 to now19
- Board memberJerry M. Schneider Jan 9, 2017 to Jan 2, 201920
- Board memberGloria E. Gebbia Dec 27, 2017 to now21
- Board memberAndrew H. Reich Dec 21, 2016 to now13
- Board memberFrancis Cuttita V. Dec 21, 2016 to Apr 5, 202122
- Board memberCharles Zabatta Dec 27, 2016 to now23
- Board memberRobert P. Mazzarella Sep 16, 2008 to Sep 16, 200824
- Board memberJane H. Macon Dec 1, 2006 to Sep 16, 200825
- Board memberLeonard M. Leiman Dec 1, 2006 to Sep 16, 200826
- Board memberNancy S. Peterson Dec 1, 2006 to Sep 16, 200827
- Board memberPatricia L. Francy Dec 1, 2006 to Sep 16, 200828
Former names
- MICHAELS J INCAug 3, 1995 to Oct 11, 19962
Timeline
- Jun 12, 2025New chief executive John J. Gebbia becomes CEO12
Filings
189 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 31 major events, 75 insider forms, 17 large holders, 44 other. The latest 20:
- Oct 8, 2026ARS EDGAR
- Oct 8, 2026DEFA14A EDGAR
- Oct 8, 2026DEF 14A EDGAR
- Sep 30, 20264 EDGAR
- Sep 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 30, 20264 EDGAR
- Sep 30, 20264 EDGAR
- Sep 30, 20264 EDGAR
- Sep 25, 20268-K CURRENT REPORT EDGAR
- Sep 4, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Aug 28, 2026SCHEDULE 13D/A EDGAR
- Aug 28, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 28, 20264 EDGAR
The 189 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 1 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 28, 2026 | Gebbia Richard | Buy | 15,000 | $1.86 | $27.9K | Form 4 |
| Apr 10, 2023 | Gebbia John M.Director | Sale | 200,000 | $1.85 | $370.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Gloria E. GebbiaSCHEDULE 13D/A, 6 filings May 22, 2025 to Aug 28, 202629
- Richard GebbiaSCHEDULE 13D/A, 4 filings Jun 29, 2023 to Mar 5, 202530
- John M. GebbiaSC 13D/A, 2 filings Apr 13, 2023 to Jun 21, 202331
- Kakaopay CorpSC 13D, 1 filing May 30, 202332
- Andrew McDonaldSC 13G/A, 2 filings Nov 19, 2021 to Nov 7, 202233
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 48. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARDaniel Iesu, Secretary
- 16SEC EDGARJohn M. Gebbia, Board member
- 17SEC EDGARLewis Solimene, Board member
- 18SEC EDGARHocheol Simon Shin, Board member
- 19SEC EDGARJohn J. Gebbia, Board member
- 20SEC EDGARJerry M. Schneider, Board member
- 21SEC EDGARGloria E. Gebbia, Board member
- 22SEC EDGARFrancis Cuttita V., Board member
- 23SEC EDGARCharles Zabatta, Board member
- 24SEC EDGARRobert P. Mazzarella, Board member
- 25SEC EDGARJane H. Macon, Board member
- 26SEC EDGARLeonard M. Leiman, Board member
- 27SEC EDGARNancy S. Peterson, Board member
- 28SEC EDGARPatricia L. Francy, Board member
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