Cohen & Co Inc. income statement
In fiscal 2025, Cohen & Co Inc. reported revenue of $276m, up 246.2% on the year before, operating income of $59.4m (a 21.6% margin) and net income of $14.4m, or $4.35 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 84 | 126 | 100 | 95 | 58 | 56 | 46 | 55 | 48 | 49 | 50 | 130 | 146 | 44 | 83 | 80 | 276 | 314 |
| Operating income | −11 | 9 | −18 | 0 | −21 | 0 | −2 | 9 | 7 | 4 | 4 | 42 | 40 | −28 | 7 | −8 | 59 | 69 |
| Interest expense | — | — | — | 4 | 4 | 4 | 4 | 5 | 6 | 66 | 168 | 66 | 41 | 34 | 31 | 38 | 35 | 24 |
| Income before tax | −12 | 10 | −18 | −3 | −23 | −4 | −6 | 4 | 1 | −5 | −4 | 30 | 70 | −54 | 16 | 8 | 40 | 44 |
| Income tax | 0 | −1 | −1 | −1 | −4 | −0 | 0 | 0 | −1 | −1 | −1 | −9 | −4 | 5 | 6 | −0 | −1 | −2 |
| Net income | −12 | 8 | −9 | −1 | −13 | −3 | −4 | 2 | 2 | −2 | −2 | 14 | 12 | −13 | −5 | −0 | 14 | 18 |
| Diluted EPS | −$4.03 | $2.43 | −$2.93 | −$0.30 | −$3.60 | −$0.57 | −$0.92 | $0.62 | $0.53 | −$0.71 | −$0.60 | $7.66 | $7.83 | −$9.43 | −$3.38 | −$0.08 | $4.35 | $2.89 |
| Diluted shares (average) | 3m | 5m | 5m | 5m | 5m | 6m | 6m | 5m | 8m | 5m | 5m | 5m | 5m | 1m | 2m | 6m | 6m | 6m |
| EBITDA | −9 | 11 | −16 | 2 | −20 | 1 | −1 | 9 | 8 | 4 | 4 | 43 | 40 | −27 | 7 | −7 | 60 | 70 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32 | 19 | 29 | 60 | 84 | 103 | 58 | 69 |
| Operating income | 7 | −6 | 0 | 7 | 22 | 30 | 5 | 12 |
| Interest expense | 9 | 9 | 9 | 10 | 9 | 6 | 4 | 5 |
| Income before tax | 5 | −8 | 1 | 5 | 10 | 24 | 3 | 8 |
| Income tax | 0 | −1 | 0 | 1 | 1 | −2 | −0 | 0 |
| Net income | 2 | −2 | 0 | 1 | 5 | 8 | 1 | 4 |
| Diluted EPS | $1.31 | −$1.20 | $0.19 | $0.81 | $2.58 | $0.74 | $0.42 | $0.94 |
| EBITDA | 7 | −5 | 0 | 8 | 22 | 30 | 5 | 13 |
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