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SIEB

Siebert Financial Corp.

SIEB

Siebert Financial Corp. • NASDAQ
$3.21 ▲ 3.55% (+0.11)
Market Cap $129.77 M
52w High $5.77
52w Low $2.08
Dividend Yield 0%
P/E 17.83
Volume 12.55K
Outstanding Shares 40.43M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $25.439M ▲ $6.248M ▲ $1.622M ▲ 6.376% ▲ $0.04 ▲ $2.944M ▲
Q2-2025 $13.922M ▼ $5.918M ▼ $-4.719M ▼ -33.896% ▼ $-0.12 ▼ $-5.105M ▼
Q1-2025 $28.919M ▲ $6.047M ▲ $8.664M ▲ 29.96% ▲ $0.22 ▲ $11M ▲
Q4-2024 $19.159M ▼ $5.185M ▲ $1.732M ▼ 9.04% ▼ $0.043 ▼ $2.466M ▼
Q3-2024 $21.827M $4.757M $3.826M 17.529% $0.096 $5.261M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $293.06M ▲ $607.463M ▲ $515.595M ▲ $90.898M ▲
Q2-2025 $287.145M ▲ $560.512M ▲ $470.524M ▲ $89.02M ▼
Q1-2025 $262.667M ▲ $534.187M ▲ $439.915M ▲ $93.304M ▲
Q4-2024 $192.996M ▼ $519.668M ▼ $434.576M ▼ $84.086M ▲
Q3-2024 $243.929M $579.156M $495.833M $82.32M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.622M ▲ $48.275M ▲ $9M ▲ $978K ▲ $33.212M ▲ $47.735M ▲
Q2-2025 $-4.719M ▼ $631K ▲ $-3.239M ▼ $-21K ▲ $-2.629M ▲ $532K ▲
Q1-2025 $8.661M ▲ $-34.461M ▲ $-1.147M ▲ $-58K ▼ $-35.666M ▼ $-34.605M ▲
Q4-2024 $1.732M ▼ $-62.711M ▼ $-5.46M ▼ $-21K $15.352M ▲ $-63.058M ▼
Q3-2024 $3.826M $4.212M $-2.162M $-21K $2.029M $3.138M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Market Making Member
Market Making Member
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Siebert’s income statement shows a small but steadily improving business. Revenue has generally risen over the past few years, and profitability has moved from roughly break-even to consistently positive results. There was a soft patch a couple of years ago when earnings dipped into a small loss, but since then margins have recovered, and recent years show healthier profits per share. Overall, the trend suggests a firm that has stabilized and is now growing earnings modestly rather than rapidly.

Balance Sheet

Balance Sheet The balance sheet reflects a company that has been de-risking. Total assets have come down from earlier peak levels, but debt has been reduced very sharply from much higher past levels to a relatively low load today. Shareholders’ equity has inched upward, which is a constructive sign, though still modest in size. Cash on hand is positive but not abundant, so Siebert looks more conservatively structured than before, but not excessively liquid. In simple terms, the company appears financially lean, with far less leverage than it carried a few years ago.

Cash Flow

Cash Flow Cash flow has been somewhat uneven but is directionally constructive. Operating cash flow was negative during the weaker year, then swung back to positive and has remained in the black recently. Free cash flow closely tracks operating cash flow, because capital spending is very light. This suggests the business does not require heavy ongoing investment to function, which supports flexibility. However, the volatility a few years back is a reminder that cash generation can fluctuate with market conditions and business execution.

Competitive Edge

Competitive Edge Siebert operates in a highly crowded and price-sensitive capital markets and brokerage environment, competing with much larger, well-known platforms. Its edge does not come from scale, but from specialization and differentiation. The firm leans on its long-standing Wall Street heritage, personalized service, and a mix of traditional brokerage, wealth management, corporate services, and a growing investment banking presence. Its targeted focus on niche segments—such as corporate stock plans, independent advisors, and even professional athletes—helps it avoid direct head‑to‑head competition with the largest discount brokers, but it also limits how broad its reach can be without strong execution.

Innovation and R&D

Innovation and R&D Innovation is a core part of Siebert’s current strategy. The company is investing in digital platforms, robo‑advisory tools, and AI‑enabled insights through partnerships with firms like Next Securities and FusionIQ. It has launched Siebert.Pro for active traders, expanded into digital wealth and stock plan administration, and is experimenting with client acquisition via its media arm, Gebbia Media. These moves are ambitious for a company of its size and could materially change its growth profile if they gain traction. At the same time, they add execution risk: tying together technology, media, capital markets, and potential digital asset offerings is complex and may take time before it translates into stable, higher profits.

Summary

Siebert Financial today looks like a small, niche-focused financial services firm that has cleaned up its balance sheet, restored profitability, and is now trying to reinvent itself through technology and specialization. Earnings and cash flow are on a better footing than during the weaker year in its recent history, and leverage is far lower than it once was, which reduces financial risk. The main story going forward is strategic, not just financial: success will depend on how well Siebert can scale its digital platforms, grow its investment banking and advisory ecosystems, and turn its unconventional media and AI partnerships into durable client relationships. The opportunity is meaningful for a company of this size, but so are the competitive and execution challenges in a fast-moving, crowded industry.

NEWS

November 12, 2025 · 5:45 PM UTC

Siebert Reports Third Quarter 2025 Financial Results

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November 10, 2025 · 8:00 AM UTC

Siebert Financial Corp. Announces Strategic Partnership with the Academy Veteran Bond ETF (VETZ) to Expand Veteran-Focused Financial Solutions and Education

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October 1, 2025 · 9:00 AM UTC

Siebert Financial Corp. and Next Securities forge Strategic Agreement to accelerate AI-powered Next-Gen Investor Solutions

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September 4, 2025 · 8:00 AM UTC

Siebert Financial Appoints Daniel M. Ondeck as Head of Institutional Sales

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