Cohen & Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Total Interest Expense	5.89	5.82	6.53	4.98	7.23	9.59
Net Interest Income	-5.89	-5.82	-6.53	-4.98	-7.23	-9.59
Trading & Principal Transactions	46.14	40.07	32.5	41.27	70.46	74.64
Asset Management Fee	8.2	9.01	7.34	9	10.92	8.76
Underwriting & Investment Banking Fee	308.73	63.42	28.26	24.72	28.74	2.23
Gain on Sale of Investments (Rev)	-169.36	-32.9	14.89	-30.61	36.25	44.48
Revenue	185.48	73.78	76.46	39.41	139.14	120.52
Revenue Growth (YoY)	107.11%	-3.50%	94.02%	-71.68%	15.45%	186.74%
Salaries & Employee Benefits	132.61	56.39	52.09	50.29	85.05	59.9
Cost of Services Provided	34.21	30.68	23.47	21.5	21.36	19.66
Total Operating Expenses	167.51	87.62	76.12	72.35	106.78	79.9
Operating Income	17.97	-13.84	0.34	-32.95	32.36	40.62
EBT Excluding Unusual Items	8.36	7.86	15.94	-53.88	68.37	37.67
Impairment of Goodwill	-	-	-	-	-	-7.88
Other Unusual Items	-	-	-	-	2.13	-
Pretax Income	8.36	7.86	15.94	-53.88	70.5	29.78
Income Tax Expense	0.88	-0.33	5.55	4.79	-3.54	-8.67
Earnings From Continuing Ops.	7.48	8.19	10.4	-58.67	74.04	38.45
Minority Interest in Earnings	-3.1	-8.32	-15.51	45.28	-62.23	-24.25
Net Income	4.38	-0.13	-5.11	-13.39	11.81	14.21
Net Income to Common	4.38	-0.13	-5.11	-13.39	11.81	14.21
Net Income Growth	-31.31%	-	-	-	-16.87%	-
Shares Outstanding (Basic)	2	2	2	1	1	1
Shares Outstanding (Diluted)	6	6	2	1	5	5
Shares Change (YoY)	24.68%	275.01%	6.55%	-73.12%	3.81%	202.83%
EPS (Basic)	2.57	-0.08	-3.38	-9.43	9.95	12.56
EPS (Diluted)	2.50	-0.08	-3.38	-9.43	7.83	7.66
EPS Growth	6.29%	-	-	-	2.13%	-
Free Cash Flow	32.56	8.23	-40.03	-24.06	17.29	41.22
Free Cash Flow Per Share	5.58	1.45	-26.45	-16.94	3.27	8.10
Dividend Per Share	1.000	1.000	1.000	1.000	0.500	-
Dividend Growth	-	-	-	100.00%	-	-
Operating Margin	9.69%	-18.77%	0.44%	-83.61%	23.26%	33.70%
Profit Margin	2.36%	-0.18%	-6.69%	-33.98%	8.49%	11.79%
Free Cash Flow Margin	17.55%	11.15%	-52.36%	-61.06%	12.43%	34.20%
Effective Tax Rate	10.52%	-	34.78%	-	-	-
Revenue as Reported	191.37	79.6	82.98	44.39	146.37	130.11

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

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