Siebert Financial Corp. Reports Revenue Growth to $28.9 Million in Q1 2025

Siebert Financial Corp. reported a significant increase in financial performance for the first quarter of 2025, with total revenues reaching $28.9 million, up from $20.5 million in the same period last year. The company achieved an operating income of $10.5 million, compared to $5.1 million in the prior year, reflecting a substantial improvement in profitability. Net income available to common stockholders was $8.7 million, or $0.22 per share, compared to $3.7 million, or $0.09 per share, in the first quarter of 2024. This growth was primarily driven by a 270% increase in principal transactions and proprietary trading, which totaled $12.9 million, and a 53% rise in advisory fees.

In terms of operational metrics, Siebert Financial experienced a decrease in cash and cash equivalents, which fell to $25.7 million from $32.6 million at the end of 2024. Total assets increased to $534.2 million, up from $519.7 million, while total liabilities rose to $439.9 million, compared to $434.6 million at the end of the previous year. The company’s stockholders’ equity also improved, reaching $93.3 million, up from $84.1 million. The increase in liabilities was primarily attributed to a rise in securities loaned, which increased to $210.7 million from $185.0 million.

Strategically, Siebert Financial made notable advancements, including the acquisition of an investment in equity security during the quarter, which resulted in an unrealized gain of approximately $9.2 million. This investment was part of a private placement from a U.S. company that subsequently went public. The company also continued to invest in technology initiatives, including the development of a mobile retail trading application and enhancements to its operational infrastructure, aimed at improving customer service and expanding market reach.

The company reported a total employee compensation and benefits expense of $11.9 million, reflecting an increase due to higher commission payouts and additional personnel related to technology initiatives. Other operational expenses also rose, including technology and communications costs, which increased to $1.1 million, and professional fees, which reached $1.4 million. These increases were associated with the expansion of the company’s business lines and technological capabilities.

Looking ahead, Siebert Financial remains optimistic about its growth trajectory, supported by its strategic investments and improved financial metrics. The company anticipates that ongoing market conditions, including interest rates and economic trends, will continue to influence its performance. Management emphasized the importance of maintaining adequate liquidity and capital resources to support future growth initiatives, including potential acquisitions and further technological advancements.