Siebert Financial Corp. reported a net revenue of $94.2 million for the fiscal year ending December 31, 2025, marking a 12.8% increase from $83.9 million in 2024. However, net income decreased to $5.1 million, or $0.13 per share, compared to $13.3 million, or $0.33 per share, in the previous year. The decline in profitability was attributed to increased operational costs, particularly in employee compensation and technology investments, which rose significantly as the company expanded its business lines and enhanced its technological infrastructure.
The company experienced notable growth in specific revenue streams, with stock borrow and stock loan revenue increasing by 51% to $29 million, and principal transactions and proprietary trading revenue rising by 20% to $17.5 million. Conversely, commissions and fees fell to $8.9 million from $9.6 million, and interest, marketing, and distribution fees decreased to $27.6 million from $32.4 million, primarily due to declining interest rates affecting margin income. The overall financial performance reflects the company's strategic focus on diversifying its revenue sources while navigating a challenging market environment.
In 2025, Siebert Financial made significant strategic moves, including the acquisition of assets from Big Machine Label Group related to music masters for $441,000, enhancing its media and entertainment segment. Additionally, the company fully acquired RISE Financial Services, increasing its ownership from 68% to 100% for $3.7 million, allowing for greater operational control and potential future benefits. The company also launched a new investment banking division aimed at serving middle-market clients, further diversifying its service offerings.
Operationally, Siebert Financial reported a retail customer net worth of $19.5 billion, a 9% increase from the previous year, and a rise in retail customer accounts to 166,217. The company has also expanded its technology initiatives, investing in a new retail platform and forming a strategic partnership with FusionIQ to enhance its digital capabilities. As of December 31, 2025, Siebert employed 166 full-time staff, reflecting its commitment to building a skilled workforce to support its growth strategies.
Looking ahead, Siebert Financial Corp. anticipates continued investment in technology and expansion into new business lines, including investment banking and media services. The company aims to improve operational efficiency and profitability while managing the challenges posed by market volatility and regulatory changes. Management remains focused on enhancing customer service and leveraging its diversified offerings to capture growth opportunities in the evolving financial services landscape.
About SIEBERT FINANCIAL CORP
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