Binah Capital Group Reports Q2 2025 Revenue Growth to $41.5 Million

Binah Capital Group, Inc. reported its financial results for the second quarter of 2025, revealing total revenues of approximately $41.5 million, a 2.1% increase from $40.6 million in the same period last year. For the six months ended June 30, 2025, revenues reached $90.4 million, up 10.2% from $82.1 million in 2024. The company experienced a net loss of $654,000 for the quarter, an improvement from a loss of $736,000 in the prior year. However, it reported a net income of $378,000 for the six-month period, contrasting with a loss of $2.3 million in the same timeframe last year.

The company’s revenue growth was primarily driven by an increase in commission income, which rose to $34.0 million for the quarter, compared to $33.7 million in 2024. Advisory fees also contributed positively, increasing to $6.6 million from $6.3 million year-over-year. Despite these gains, total expenses slightly increased to $42.1 million from $41.2 million, largely due to higher employee compensation and technology fees. The company’s gross profit for the quarter was $8.8 million, reflecting a 20% increase from $7.3 million in the previous year.

In terms of operational metrics, Binah Capital reported total advisory and brokerage assets of $27.8 billion as of June 30, 2025, up from $25.1 billion a year earlier. The company noted a decrease in net new assets, with brokerage assets experiencing a net outflow of $0.8 billion for the quarter, consistent with the previous year. However, advisory assets increased by 18% to $2.7 billion, indicating a positive trend in this segment. The company’s employee headcount has also grown, reflecting its expansion strategy in the retail wealth management sector.

Strategically, Binah Capital has focused on enhancing its service offerings and expanding its market presence. The company operates through multiple subsidiaries, including broker-dealers and investment advisory firms, which collectively employ over 1,900 registered individuals. The company continues to adapt its business model to accommodate various advisor needs, providing flexibility in custody and clearing options. Looking ahead, Binah Capital anticipates continued growth in its revenue streams, driven by market conditions and strategic initiatives, while maintaining a focus on managing operational costs and enhancing profitability.