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BCG

Binah Capital Group, Inc.

BCG

Binah Capital Group, Inc. • NASDAQ
$2.80 ▼ -6.35% (-0.19)
Market Cap $46.49 M
52w High $6.00
52w Low $1.36
Dividend Yield 0%
P/E 70
Volume 51.95K
Outstanding Shares 16.60M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $44.777M ▲ $1.595M ▼ $1.76M ▲ 3.931% ▲ $0.08 ▲ $2.651M ▲
Q2-2025 $40.625M ▼ $1.872M ▲ $-654K ▼ -1.61% ▼ $-0.039 ▼ $165K ▼
Q1-2025 $48.057M ▲ $1.761M ▲ $1.033M ▲ 2.15% ▲ $0.062 ▲ $2.209M ▲
Q4-2024 $43.305M ▲ $1.256M ▼ $-1.095M ▲ -2.529% ▲ $-0.066 ▲ $981K ▲
Q3-2024 $41.026M $2.059M $-1.15M -2.803% $-0.069 $430K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $8.339M ▲ $67.564M ▼ $49.465M ▼ $18.099M ▲
Q2-2025 $7.17M ▼ $67.791M ▼ $66.704M ▲ $1.087M ▼
Q1-2025 $7.821M ▲ $67.877M ▲ $65.991M ▲ $1.886M ▲
Q4-2024 $7.486M ▲ $66.677M ▼ $65.446M ▲ $1.231M ▼
Q3-2024 $6.853M $66.963M $64.24M $2.723M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.76M ▲ $931K ▲ $-47K ▼ $-715K ▼ $169K ▲ $884K ▲
Q2-2025 $-655K ▼ $63K ▼ $0 ▲ $-714K ▼ $-651K ▼ $63K ▼
Q1-2025 $1.033M ▲ $1.054M ▼ $-8K ▲ $-711K ▼ $335K ▼ $1.046M ▼
Q4-2024 $-1.095M ▲ $1.794M ▲ $-67K ▼ $-494K ▼ $1.233M ▲ $1.727M ▲
Q3-2024 $-1.148M $-298K $0 $526K $228K $-298K

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
Advisory Fees
Advisory Fees
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been very small and mostly flat for several years, with only a thin layer of profit after basic costs. Operating results hover around break-even, and the most recent year slipped into a small loss. Earnings per share jump around from year to year, which often happens with very small companies where even modest changes in costs or revenues can swing reported profit. Overall, the business has not yet shown clear, sustained profit growth or operating leverage.

Balance Sheet

Balance Sheet The balance sheet is extremely light, reflecting a very small company. Assets and cash are limited, debt is present relative to the size of the firm, and shareholder equity has narrowed to a very thin layer. This combination suggests a modest financial cushion and limited capacity to absorb shocks without new capital or improved profitability. The firm appears financially fragile and likely dependent on disciplined cost control and steady inflows to maintain stability.

Cash Flow

Cash Flow Cash generation from the core business has been minimal, with only brief periods of modest positive operating cash flow. Free cash flow tracks this pattern, and investment spending has been very low, in line with an asset‑light, service‑oriented model. The company has not yet demonstrated a consistent ability to turn its operations into reliable cash, which raises questions about how future growth and expansion will be funded if profits do not improve.

Competitive Edge

Competitive Edge Competitively, BCG is positioning itself as a niche player focused on serving independent financial advisors through a flexible, hybrid platform. Its strengths lie in advisor transition support, open-architecture product access, and multiple affiliation models that let advisors choose how independent they want to be. Relationship-building and service depth are core to its appeal. However, it competes in a crowded space against much larger, well-known platforms with deeper resources, stronger brands, and more technology. Its success will hinge on its ability to keep attracting and retaining advisors faster than rivals, while managing regulatory and integration complexity as it grows.

Innovation and R&D

Innovation and R&D Innovation is centered less on proprietary technology and more on business-model design and service integration. BCG stitches together third-party tech tools into a single platform and focuses on a hybrid advisor model, strong transition support, and operational help rather than building its own expensive systems. The moat is based on advisor loyalty, transition expertise, and an attractive support ecosystem. This is relatively easy to understand but may be easier for competitors to imitate than hard technology. Future moves in proprietary tools, data, or unique digital workflows would be important to watch as signs of deepening differentiation.

Summary

BCG is a very small, recently listed wealth-management platform aiming to grow by attracting independent advisors to a hybrid, advisor-centric model. Financially, it is close to break-even with thin margins, limited assets, modest cash, and a narrow equity base, leaving little room for error. Strategically, its story is about building a scalable network of advisors through flexibility, open architecture, and strong transition support, rather than through heavy in-house technology. The main opportunities sit in continued advisor recruitment, acquisitions, and incremental service enhancements; the main risks revolve around scale, competition from larger platforms, regulatory burdens, and the limited financial cushion if growth or markets disappoint. Overall uncertainty is high, and future results will depend heavily on execution and the pace of advisor network expansion.

NEWS

November 25, 2025 · 12:30 PM UTC

Binah Capital Group to Participate in NobleCon21 Conference in December

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November 13, 2025 · 6:04 PM UTC

Binah Capital Group Reports Results for Third Quarter and First Nine Months of 2025

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October 23, 2025 · 9:00 AM UTC

Binah Capital Group Subsidiary, PKS Investments, Recognized as One of Albany's Best Places to Work Second Year in a Row

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