What is Siebert Financial's operating income?

Siebert Financial's total operating income in 2025 was $5.57 million, based on the following breakdown: Total Gross Profit: $94.20 million Total Operating Expenses: $88.64 million

Siebert Financial (SIEB) Financials

$1.68 +0.03 (+1.82%)

Closing price 07/17/2026 04:00 PM Eastern

Extended Trading

$1.66 -0.02 (-1.19%)

As of 07/17/2026 04:10 PM Eastern

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Annual Income Statements for Siebert Financial

This table shows Siebert Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-8.26	-5.58	2.16	12	3.24	2.98	5.06	-1.99	7.83	13	7.10
Consolidated Net Income / (Loss)	-2.87	-5.58	-2.92	-1.86	-17	2.98	5.03	-2.99	7.84	13	7.10
Net Income / (Loss) Continuing Operations	-2.82	-5.58	-2.92	-1.86	-17	-26	5.03	-2.99	7.84	13	7.10
Total Pre-Tax Income	-8.48	-5.58	2.31	7.36	4.28	3.20	6.75	-4.29	11	17	11
Total Operating Income	-3.09	-5.58	-2.77	-6.46	-16	-25	6.58	0.44	18	17	5.57
Total Gross Profit	4.71	9.81	8.04	16	23	26	68	50	72	84	94
Total Revenue	10	9.81	13	30	43	55	68	50	72	84	94
Operating Revenue	10	9.81	13	30	43	55	68	50	72	84	93
Total Cost of Revenue	5.39	0.00	5.08	14	20	29	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	13	15	11	23	38	52	61	50	53	66	89
Selling, General & Admin Expense	12	13	10	21	33	43	52	43	46	60	79
Depreciation Expense	-	-	0.12	0.14	1.00	1.57	1.45	1.00	2.02	1.38	2.40
Other Operating Expenses / (Income)	1.37	2.03	0.44	0.99	4.87	6.65	6.35	5.56	5.11	4.83	5.84
Total Other Income / (Expense), net	0.00	0.00	0.00	0.00	0.00	0.00	0.17	-4.73	-6.87	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	-0.03	-1.00	0.02	0.02	0.00
Basic Earnings per Share	$0.26	($0.25)	$0.10	$0.44	$0.11	$0.10	$0.16	($0.06)	$0.21	$0.33	$0.13
Weighted Average Basic Shares Outstanding	22.09M	22.09M	22.51M	27.16M	30.46M	30.64M	31.32M	32.41M	37.07M	39.95M	40.36M
Weighted Average Diluted Shares Outstanding	22.09M	22.09M	22.51M	27.16M	30.46M	30.64M	31.32M	32.51M	37.07M	39.95M	40.36M
Weighted Average Basic & Diluted Shares Outstanding	22.09M	22.09M	22.51M	27.16M	30.46M	30.64M	31.32M	32.51M	-	40.43M	40.94M

This table shows Siebert Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	2.76	-0.83	3.69	4.04	3.83	1.73	8.66	-4.72	2.73	1.53	-1.97
Consolidated Net Income / (Loss)	2.76	-0.86	3.69	4.05	3.83	1.74	8.66	-4.72	2.73	1.54	-1.97
Net Income / (Loss) Continuing Operations	2.76	-0.86	3.69	4.05	4.03	1.54	8.66	-4.40	2.73	0.43	-1.97
Total Pre-Tax Income	4.27	-1.06	5.10	5.58	4.84	1.95	10	-5.83	3.81	3.84	-2.87
Total Operating Income	4.27	4.88	5.10	5.58	4.84	1.95	10	-5.83	2.19	-1.29	-2.87
Total Gross Profit	18	20	20	21	23	20	16	15	27	24	5.91
Total Revenue	18	20	20	21	23	20	28	15	27	24	22
Operating Revenue	18	20	20	21	23	20	28	15	27	23	22
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	12	0.00	0.00	-	16
Operating Cost of Revenue	-	-	-	-	-	-	12	-	-	-	16
Total Operating Expenses	14	15	15	15	18	18	6.41	21	25	25	9.95
Selling, General & Admin Expense	12	12	14	14	16	16	2.87	18	22	22	3.43
Marketing Expense	-	-	-	-	-	-	0.15	-	-	-	0.90
Depreciation Expense	0.27	1.30	0.26	0.34	0.35	0.44	0.42	0.63	0.65	0.71	0.69
Other Operating Expenses / (Income)	1.19	1.27	1.25	1.11	1.26	1.16	2.98	1.59	1.62	1.22	4.14
Impairment Charge	-	-	-	-	-	-	0.00	-	-	-	0.78
Total Other Income / (Expense), net	0.00	-5.94	0.00	0.00	0.00	-	0.69	0.00	0.00	-	1.17
Interest Expense	-	-	-	-	-	-	0.09	-	-	-	0.22
Other Income / (Expense), net	-	-	-	-	-	-	0.77	-	-	-	1.38
Income Tax Expense	1.52	-0.21	1.42	1.53	1.01	0.21	1.84	-1.11	-	-	-0.90
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.00	-0.02	-0.00	0.01	0.01	0.00	-0.00	0.00	0.00	0.00	0.00
Basic Earnings per Share	$0.07	($0.03)	$0.09	$0.10	$0.10	$0.04	$0.22	($0.12)	$0.04	($0.01)	($0.05)
Weighted Average Basic Shares Outstanding	39.68M	37.07M	39.77M	39.89M	40.02M	39.95M	40.19M	40.40M	40.42M	40.36M	40.80M
Diluted Earnings per Share	$0.07	-	$0.09	$0.10	$0.10	-	$0.22	($0.12)	-	-	($0.05)
Weighted Average Diluted Shares Outstanding	39.68M	37.07M	39.77M	39.89M	40.02M	39.95M	40.19M	40.40M	40.42M	40.36M	40.80M
Weighted Average Basic & Diluted Shares Outstanding	39.58M	0.00	39.88M	39.98M	40.12M	40.43M	40.41M	40.43M	40.43M	40.94M	40.94M

This table details how cash moves in and out of Siebert Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	2.67	-6.69	1.04	3.46	16	99	2.03	-31	5.68	3.92	4.96
Net Cash From Operating Activities	-1.39	-3.26	1.45	4.87	24	97	5.54	-25	-4.80	10	10
Net Cash From Continuing Operating Activities	-1.39	-2.20	2.02	4.87	24	97	5.54	-25	-4.80	10	10
Net Income / (Loss) Continuing Operations	-2.87	-5.58	2.16	12	3.24	2.98	5.03	-2.99	7.84	13	5.12
Consolidated Net Income / (Loss)	-2.87	-5.58	2.16	12	3.24	2.98	5.03	-2.99	7.84	13	5.12
Depreciation Expense	0.28	0.28	0.12	0.14	1.00	1.57	1.45	1.00	2.02	1.38	2.40
Non-Cash Adjustments To Reconcile Net Income	-0.17	1.77	0.00	-5.58	0.49	0.34	0.54	7.26	4.04	70	-17
Changes in Operating Assets and Liabilities, net	1.60	0.27	-0.82	-1.66	20	92	-1.47	-30	-19	-75	20
Net Cash From Investing Activities	4.06	0.46	-0.42	-1.40	-5.94	-0.41	-8.37	-1.84	-2.56	-6.05	-6.60
Net Cash From Continuing Investing Activities	4.06	0.46	-0.42	-1.40	-5.94	-0.41	-8.37	-1.84	-2.56	-6.05	-6.60
Purchase of Property, Plant & Equipment	-0.04	-0.04	-0.42	-0.28	-2.27	-0.41	-7.45	-1.11	-2.56	-4.89	-3.36
Acquisitions	-	-	0.00	-1.13	-3.67	0.00	-0.85	-	0.00	-1.12	-0.44
Purchase of Investments	-	-	-	0.00	-	-	-0.06	-	-	0.00	-2.35
Other Investing Activities, net	0.10	0.00	-	-	-	0.00	0.00	-0.99	0.00	-0.04	-0.44
Net Cash From Financing Activities	0.00	-3.88	0.00	0.00	-2.85	2.66	4.85	-4.29	13	-0.09	1.31
Net Cash From Continuing Financing Activities	0.00	-3.88	0.00	0.00	-2.85	2.66	4.85	-4.29	13	-0.09	1.31
Repayment of Debt	0.00	-	-	-	2.00	-2.80	4.85	-5.13	-4.32	-0.09	-0.09
Repurchase of Common Equity	-	-	-	-	-3.42	-	-	-	-	0.00	-3.57
Payment of Dividends	0.00	-4.49	-	-	-1.60	-	-	-	-	0.00	-0.04
Issuance of Debt	0.00	0.61	-	-	0.00	4.66	-	-	-	0.00	5.00
Cash Interest Paid	0.00	0.00	0.02	0.00	0.13	0.36	-0.36	0.44	0.26	0.16	0.20
Cash Income Taxes Paid	0.00	0.00	0.03	1.18	0.64	0.17	0.64	0.06	2.26	3.21	0.79

This table details how cash moves in and out of Siebert Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-20	63	-44	13	0.77	62	-36	-2.63	44	-0.43	-27
Net Cash From Operating Activities	-19	64	-47	19	2.95	63	-34	0.63	44	0.40	-26
Net Cash From Continuing Operating Activities	-19	64	-47	19	2.95	63	-34	0.40	44	0.40	-26
Net Income / (Loss) Continuing Operations	2.76	-0.86	3.69	4.05	3.83	1.74	8.66	-4.72	1.62	-0.45	-1.97
Consolidated Net Income / (Loss)	2.76	-0.86	3.69	4.05	3.83	1.74	8.66	-4.72	1.62	-0.45	-1.97
Depreciation Expense	0.27	1.30	0.26	0.34	0.35	0.44	0.42	0.63	0.65	0.71	0.69
Non-Cash Adjustments To Reconcile Net Income	-2.20	-13	-1.79	1.33	-0.83	2.68	5.39	0.21	30	-22	-6.69
Changes in Operating Assets and Liabilities, net	-20	77	-49	13	-0.41	58	-49	4.28	12	23	-18
Net Cash From Investing Activities	-0.47	-0.93	-1.76	-1.09	-2.16	-1.03	-1.15	-3.24	-0.97	-1.24	-0.98
Net Cash From Continuing Investing Activities	-0.47	-0.93	-1.76	-1.09	-2.16	-1.03	-1.15	-3.24	-0.97	-1.24	-0.98
Purchase of Property, Plant & Equipment	-0.47	-0.93	-1.73	-1.09	-1.04	-1.03	-1.15	-0.80	-0.74	-0.67	-0.46
Purchase of Investments	-	-	-	-	-	-	0.00	-	-	-0.35	-0.52
Net Cash From Financing Activities	-0.02	-0.02	4.78	-4.82	-0.02	-0.02	-0.06	-0.02	0.98	0.41	-0.02
Net Cash From Continuing Financing Activities	-0.02	-0.02	4.78	-4.82	-0.02	-0.02	-0.06	-0.02	0.98	0.41	-0.02
Repayment of Debt	-0.02	-0.02	-0.02	-4.82	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02
Payment of Dividends	-	-	0.00	-	-	-	-0.04	-	-	-	0.00
Cash Interest Paid	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.08	0.13
Cash Income Taxes Paid	0.38	0.98	0.00	3.14	-0.01	0.09	0.00	1.24	-	-0.45	0.00

This table presents Siebert Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	18	3.82	6.03	18	538	1,373	1,404	728	802	520	759
Total Current Assets	17	3.68	5.68	11	518	1,353	1,372	705	774	492	727
Cash & Equivalents	9.42	2.73	3.77	7.23	4.67	3.63	3.76	24	5.74	33	22
Short-Term Investments	0.59	-	-	-	197	908	944	340	687	365	614
Note & Lease Receivable	-	-	-	0.00	-	-	-	-	-	-	0.35
Accounts Receivable	4.67	-	1.40	0.27	0.76	1.69	96	54	2.67	88	80
Prepaid Expenses	0.63	0.34	0.23	0.47	0.97	2.90	2.31	2.06	1.70	2.26	3.80
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	0.00	0.14
Other Current Assets	2.09	0.61	0.28	3.03	90	111	-	9.09	77	3.92	6.80
Plant, Property, & Equipment, net	0.37	0.05	0.26	0.47	1.15	0.76	7.46	8.33	9.40	10	10
Total Noncurrent Assets	0.00	0.09	0.08	6.71	19	19	25	14	19	18	21
Goodwill	-	-	-	0.00	1.99	1.99	1.99	1.99	1.99	2.32	2.32
Intangible Assets	0.00	-	0.08	1.14	2.91	2.14	0.75	0.99	1.43	5.53	6.82
Noncurrent Deferred & Refundable Income Taxes	-	-	0.00	5.58	5.39	4.86	4.29	4.40	4.50	3.42	2.54
Other Noncurrent Operating Assets	-	0.09	-	0.00	8.90	11	9.35	4.38	11	6.62	9.76
Total Liabilities & Shareholders' Equity	18	3.82	6.03	18	538	1,373	1,404	728	802	520	759
Total Liabilities	2.10	1.56	0.81	1.00	505	1,335	1,354	678	731	435	670
Total Current Liabilities	2.10	0.74	0.69	0.70	503	1,330	1,343	670	722	428	661
Short-Term Debt	-	-	-	-	8.00	6.20	385	323	290	0.58	243
Accounts Payable	2.10	0.74	0.56	0.70	311	384	23	16	3.64	232	4.52
Current Deferred Revenue	-	-	-	-	-	-	0.81	0.81	2.71	0.00	0.07
Other Current Liabilities	-	-	-	0.00	184	940	933	328	423	193	413
Total Noncurrent Liabilities	0.00	0.83	0.13	0.30	2.18	4.96	10	8.41	9.46	6.75	9.06
Long-Term Debt	-	-	0.13	-	0.00	3.66	6.71	5.97	4.23	4.14	4.05
Noncurrent Deferred Revenue	-	-	-	-	-	0.00	1.94	1.19	3.00	0.82	3.60
Other Noncurrent Operating Liabilities	-	0.83	-	0.13	2.18	1.30	1.70	1.25	2.23	1.79	1.41
Total Equity & Noncontrolling Interests	16	2.25	5.21	17	33	38	51	50	71	85	89
Total Preferred & Common Equity	16	2.25	5.21	17	33	38	49	49	70	84	89
Total Common Equity	16	2.25	5.21	17	33	38	49	49	70	84	89
Common Stock	20	7.11	7.91	7.91	20	22	28	30	45	47	46
Retained Earnings	0.72	-4.86	-2.70	9.26	13	16	21	19	27	40	45
Treasury Stock	-4.76	-	-	-	-	-	-	0.00	-2.51	-2.51	-2.51

This table presents Siebert Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	771	742	609	579	534	561	607	597
Total Current Assets	750	713	580	550	505	527	576	564
Cash & Equivalents	4.93	2.86	5.20	4.44	26	29	20	16
Short-Term Investments	424	403	271	240	388	404	464	447
Note & Lease Receivable	-	-	-	-	-	-	-	2.35
Accounts Receivable	74	3.27	79	4.53	83	86	83	84
Prepaid Expenses	1.61	1.83	1.69	1.75	2.72	2.32	3.17	4.13
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	0.10
Other Current Assets	8.37	84	8.72	82	4.77	5.60	8.03	13
Plant, Property, & Equipment, net	9.31	10	10	10	10	10	10	10
Total Noncurrent Assets	12	19	19	19	19	23	19	17
Goodwill	1.99	1.99	1.99	2.32	2.32	2.32	2.32	1.99
Intangible Assets	1.70	2.59	3.45	5.02	6.30	7.00	6.81	6.34
Noncurrent Deferred & Refundable Income Taxes	3.50	4.12	3.67	3.54	2.64	2.92	2.37	3.48
Other Noncurrent Operating Assets	4.52	10	9.58	8.22	7.83	11	7.52	4.81
Total Liabilities & Shareholders' Equity	771	742	609	579	534	561	607	597
Total Liabilities	700	667	530	496	440	471	516	509
Total Current Liabilities	692	659	522	489	434	465	506	500
Short-Term Debt	274	253	239	239	0.09	219	2.05	6.05
Accounts Payable	6.11	4.87	5.82	5.16	212	6.40	250	235
Current Deferred Revenue	0.73	2.64	0.76	2.41	0.28	1.67	0.05	0.07
Other Current Liabilities	409	395	275	240	219	237	253	259
Total Noncurrent Liabilities	7.25	8.61	7.76	7.09	5.94	5.51	9.42	5.25
Long-Term Debt	4.25	4.21	4.18	4.16	4.12	4.09	4.07	4.02
Other Noncurrent Operating Liabilities	2.38	2.04	1.84	1.69	1.42	1.42	0.00	1.23
Total Equity & Noncontrolling Interests	72	75	79	83	94	90	92	88
Total Preferred & Common Equity	71	74	78	82	93	89	91	88
Total Common Equity	71	74	78	82	93	89	91	88
Common Stock	45	46	46	46	47	47	48	47
Retained Earnings	28	30	35	38	49	44	46	43
Treasury Stock	-2.51	-2.51	-2.51	-2.51	-2.51	-2.51	-2.51	-2.51

This table displays calculated financial ratios and metrics derived from Siebert Financial's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	22,085,126.00	22,088,972.00	22,085,126.00	27,157,188.00	27,157,188.00	30,953,710.00	30,953,710.00	32,347,329.00	39,580,936.00	-	39,580,936.00
DEI Adjusted Shares Outstanding	22,085,126.00	22,088,972.00	22,085,126.00	27,157,188.00	27,157,188.00	30,953,710.00	30,953,710.00	32,347,329.00	39,580,936.00	-	39,580,936.00
DEI Earnings Per Adjusted Shares Outstanding	-0.37	-0.25	0.10	0.44	0.12	0.10	0.16	-0.06	0.20	-	0.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-36.31%	-2.81%	33.61%	129.11%	42.42%	28.27%	23.03%	-25.78%	42.74%	17.32%	12.28%
EBITDA Growth	52.41%	-74.20%	50.01%	-138.23%	-132.52%	-61.73%	133.81%	-91.08%	2,713.69%	-6.44%	-57.74%
EBIT Growth	53.32%	-80.40%	50.43%	-133.53%	-142.85%	-61.38%	126.01%	-104.24%	6,596.77%	-3.63%	-68.14%
NOPAT Growth	53.32%	-80.40%	33.88%	-306.47%	-12.87%	-98.87%	120.82%	-93.72%	4,000.05%	5.34%	-58.16%
Net Income Growth	56.25%	-94.42%	47.69%	36.43%	-801.83%	117.78%	69.18%	-159.41%	362.34%	69.59%	-46.62%
EPS Growth	-13.33%	-196.15%	140.00%	340.00%	-75.00%	-9.09%	0.00%	0.00%	0.00%	57.14%	0.00%
Operating Cash Flow Growth	83.99%	-134.27%	144.53%	235.12%	400.45%	297.16%	-94.27%	-544.07%	80.48%	309.26%	1.88%
Free Cash Flow Firm Growth	-59.76%	128.60%	-306.60%	-310.90%	2,113.34%	103.66%	-144.08%	-67.47%	113.38%	-402.82%	2,856.00%
Invested Capital Growth	115,226.90%	-108.41%	429.98%	542.69%	-3,905.81%	-208.87%	29.35%	68.63%	-24.47%	75.25%	-76.16%
Revenue Q/Q Growth	-17.51%	-2.03%	21.55%	5.38%	11.98%	7.47%	-0.20%	-2.03%	9.16%	0.38%	3.90%
EBITDA Q/Q Growth	-135.16%	-15.39%	-174.04%	-14.80%	-45.44%	-0.18%	130.22%	-97.47%	33.26%	-16.77%	-27.14%
EBIT Q/Q Growth	-107.38%	-14.56%	-144.91%	-15.00%	-44.73%	-0.40%	123.46%	-101.02%	27.95%	-14.38%	-36.75%
NOPAT Q/Q Growth	-107.38%	-14.56%	-128.69%	-78.37%	24.37%	21.73%	122.78%	-99.67%	41.98%	-11.99%	-23.76%
Net Income Q/Q Growth	-66.71%	-10.32%	-113.30%	70.46%	-106.94%	111.89%	-80.70%	-454.27%	47.31%	24.19%	-2.74%
EPS Q/Q Growth	-54.39%	-156.82%	143.48%	62.96%	-65.63%	66.67%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	44.89%	11.19%	136.48%	-5.39%	462.17%	42.72%	-91.57%	13.53%	92.60%	169.74%	-77.39%
Free Cash Flow Firm Q/Q Growth	-157.39%	128.34%	-236.50%	-109.18%	1,544.59%	58.08%	-163.09%	-382.72%	114.36%	-40.51%	-6.91%
Invested Capital Q/Q Growth	340.90%	-108.24%	24.33%	125.65%	-2,607.63%	-133.83%	21.88%	69.44%	-3.68%	39.88%	-40.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.65%	100.00%	61.29%	54.00%	53.33%	48.06%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-30.14%	-54.03%	-20.21%	-21.02%	-34.32%	-43.26%	11.89%	1.43%	28.17%	22.46%	8.46%
Operating Margin	-30.63%	-56.85%	-21.09%	-21.50%	-36.66%	-46.12%	9.75%	0.88%	25.35%	20.82%	5.91%
EBIT Margin	-30.63%	-56.85%	-21.09%	-21.50%	-36.66%	-46.12%	9.75%	-0.56%	25.35%	20.82%	5.91%
Profit (Net Income) Margin	-28.42%	-56.85%	-22.26%	-6.18%	-39.11%	5.42%	7.46%	-5.97%	10.97%	15.86%	7.54%
Tax Burden Percent	33.84%	100.00%	-126.32%	-25.20%	-390.50%	93.09%	74.52%	69.70%	69.67%	76.16%	66.45%
Interest Burden Percent	274.19%	100.00%	-83.54%	-113.98%	-27.32%	-12.63%	102.61%	1,537.63%	62.12%	100.00%	192.01%
Effective Tax Rate	0.00%	0.00%	6.62%	-62.53%	24.46%	6.91%	25.48%	0.00%	30.33%	23.84%	0.00%
Return on Invested Capital (ROIC)	-76.41%	-150.38%	-470.71%	-179.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-71.01%	-124.12%	-460.16%	-341.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	58.34%	88.18%	392.54%	162.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-18.08%	-62.20%	-78.18%	-16.57%	-66.51%	8.37%	11.38%	-5.95%	13.01%	17.08%	8.15%
Cash Return on Invested Capital (CROIC)	-138.26%	0.00%	-294.34%	-325.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-13.36%	-51.65%	-56.19%	-53.36%	-5.64%	-2.65%	0.47%	-0.03%	2.37%	2.64%	0.87%
Return on Assets (ROA)	-12.39%	-51.65%	-59.30%	-15.33%	-6.02%	0.31%	0.36%	-0.28%	1.03%	2.01%	1.11%
Return on Common Equity (ROCE)	-18.08%	-62.20%	-78.18%	-16.57%	-66.51%	8.37%	11.22%	-5.82%	12.79%	16.86%	8.10%
Return on Equity Simple (ROE_SIMPLE)	-18.29%	-247.58%	-55.99%	-10.80%	-50.49%	7.83%	10.22%	-6.11%	11.25%	15.82%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.16	-3.90	-2.58	-10	-12	-24	4.90	0.31	13	13	5.57
NOPAT Margin	-21.44%	-39.79%	-19.69%	-34.94%	-27.69%	-42.93%	7.27%	0.61%	17.66%	15.86%	5.91%
Net Nonoperating Expense Percent (NNEP)	-5.40%	-26.26%	-10.56%	161.54%	-2.30%	3.23%	0.01%	-0.55%	-1.34%	0.00%	0.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	3.46%	4.20%	5.61%
Cost of Revenue to Revenue	53.35%	0.00%	38.71%	46.00%	46.67%	51.94%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	114.39%	133.50%	77.51%	71.58%	76.25%	79.20%	77.60%	84.95%	64.10%	71.05%	83.71%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	130.63%	156.85%	82.38%	75.50%	89.99%	94.18%	90.25%	99.12%	74.65%	79.18%	94.09%
Earnings before Interest and Taxes (EBIT)	-3.09	-5.58	-2.77	-6.46	-16	-25	6.58	-0.28	18	17	5.57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-3.04	-5.30	-2.65	-6.31	-15	-24	8.03	0.72	20	19	7.97
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.57	29.21	58.30	22.87	7.95	3.39	1.47	0.90	0.89	1.50	1.59
Price to Tangible Book Value (P/TBV)	1.57	29.21	59.25	24.49	9.33	3.80	1.56	0.96	0.94	1.66	1.77
Price to Revenue (P/Rev)	2.44	6.71	23.18	13.07	6.16	2.35	1.08	0.88	0.87	1.50	1.50
Price to Earnings (P/E)	0.00	0.00	140.87	32.83	81.41	43.25	14.35	0.00	7.96	9.50	19.95
Dividend Yield	0.00%	6.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.71%	3.05%	1.23%	2.31%	6.97%	0.00%	12.57%	10.52%	5.01%
Enterprise Value to Invested Capital (EV/IC)	2.57	0.00	190.74	38.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.44	6.43	22.90	12.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	206.76	79.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	28.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.02	0.01	0.24	0.26	7.75	6.59	4.16	2.72	0.11
Long-Term Debt to Equity	0.00	0.00	0.02	0.01	0.00	0.10	0.13	0.12	0.06	0.05	0.05
Financial Leverage	-0.82	-0.71	-0.85	-0.48	-8.45	-23.13	-23.93	-11.99	-5.90	-3.63	-5.85
Leverage Ratio	1.46	1.20	1.32	1.08	11.06	26.87	31.38	21.23	12.68	8.48	7.34
Compound Leverage Factor	4.00	1.20	-1.10	-1.23	-3.02	-3.39	32.20	326.48	7.88	8.48	14.09
Debt to Total Capital	0.00%	0.00%	2.38%	0.99%	19.45%	20.60%	88.58%	86.83%	80.62%	73.11%	10.17%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	19.45%	12.96%	87.06%	85.25%	79.46%	71.80%	6.10%
Long-Term Debt to Total Capital	0.00%	0.00%	2.38%	0.99%	0.00%	7.64%	1.52%	1.58%	1.16%	1.31%	4.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.28%	0.26%	0.27%	0.32%	0.00%
Common Equity to Total Capital	100.00%	100.00%	97.62%	99.01%	80.55%	79.40%	11.14%	12.91%	19.11%	26.57%	89.83%
Debt to EBITDA	0.00	0.00	-0.05	-0.03	-0.55	-0.42	48.79	459.63	14.60	12.27	1.27
Net Debt to EBITDA	0.00	0.00	1.37	1.12	28.49	51.69	-110.95	-437.76	-19.79	-8.82	-78.88
Long-Term Debt to EBITDA	0.00	0.00	-0.05	-0.03	0.00	-0.15	0.84	8.34	0.21	0.22	0.51
Debt to NOPAT	0.00	0.00	-0.05	-0.02	-0.68	-0.42	79.85	1,068.50	23.29	17.39	1.81
Net Debt to NOPAT	0.00	0.00	1.41	0.67	35.30	52.09	-181.58	-1,017.65	-31.57	-12.50	-112.88
Long-Term Debt to NOPAT	0.00	0.00	-0.05	-0.02	0.00	-0.16	1.37	19.40	0.33	0.31	0.73
Altman Z-Score	8.10	22.15	225.28	236.78	0.36	0.07	0.14	0.20	0.34	0.70	0.46
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.40%	2.20%	1.62%	1.28%	0.58%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.28	4.98	8.28	15.73	1.03	1.02	1.02	1.05	1.07	1.15	1.10
Quick Ratio	6.99	3.70	7.52	10.72	0.40	0.69	0.78	0.62	0.96	0.94	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-7.84	2.24	-4.63	-19	383	781	-344	-576	77	-234	239
Operating Cash Flow to CapEx	-3,395.12%	-8,581.58%	348.20%	1,756.68%	1,071.83%	23,589.51%	74.36%	-2,209.61%	-187.73%	205.62%	304.64%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.91	2.66	2.48	0.15	0.06	0.05	0.05	0.09	0.13	0.15
Accounts Receivable Turnover	2.30	0.00	0.00	36.12	83.14	44.72	1.38	0.67	2.51	27.89	1.12
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.07	46.72	84.85	82.18	52.88	57.40	16.42	6.35	8.07	8.54	9.13
Accounts Payable Turnover	1.57	0.00	7.81	21.93	0.13	0.08	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	158.86	0.00	0.00	10.10	4.39	8.16	263.66	546.79	145.31	13.09	324.46
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	232.09	0.00	46.71	16.64	2,844.98	4,449.07	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-73.24	0.00	-46.71	-6.54	-2,840.59	-4,440.91	263.66	546.79	145.31	13.09	324.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5.67	-0.48	1.57	10	-385	-1,189	-840	-264	-328	-81	-539
Invested Capital Turnover	3.56	3.78	23.90	5.14	-0.23	-0.07	-0.07	-0.09	-0.24	-0.41	-0.22
Increase / (Decrease) in Invested Capital	5.67	-6.15	2.05	8.54	-395	-804	349	577	-64	247	-233
Enterprise Value (EV)	15	63	300	386	-155	-1,098	-817	-268	-335	-39	-487
Market Capitalization	25	66	304	393	263	129	73	44	62	126	142
Book Value per Share	$0.71	$0.10	$0.24	$0.63	$1.22	$1.23	$1.59	$1.51	$1.76	$2.10	$2.21
Tangible Book Value per Share	$0.71	$0.10	$0.23	$0.59	$1.04	$1.09	$1.50	$1.42	$1.68	$1.91	$1.98
Total Capital	16	2.25	5.34	17	41	48	442	379	365	316	99
Total Debt	0.00	0.00	0.13	0.17	8.00	9.86	392	329	294	231	10
Total Long-Term Debt	0.00	0.00	0.13	0.17	0.00	3.66	6.71	5.97	4.23	4.14	4.05
Net Debt	-10	-2.73	-3.64	-7.06	-418	-1,227	-891	-313	-399	-166	-628
Capital Expenditures (CapEx)	0.04	0.04	0.42	0.28	2.27	0.41	7.45	1.11	2.56	4.89	3.36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5.30	0.21	1.23	3.07	-403	-1,208	-860	-281	-351	-107	-566
Debt-free Net Working Capital (DFNWC)	15	2.94	4.99	10	23	29	414	359	342	291	72
Net Working Capital (NWC)	15	2.94	4.99	10	15	23	29	36	52	64	66
Net Nonoperating Expense (NNE)	0.70	1.67	0.34	-8.64	4.88	-27	-0.13	3.30	4.78	0.00	-1.54
Net Nonoperating Obligations (NNO)	-10	-2.73	-3.64	-7.06	-418	-1,227	-891	-313	-399	-166	-628
Total Depreciation and Amortization (D&A)	0.05	0.28	0.12	0.14	1.00	1.57	1.45	1.00	2.02	1.38	2.40
Debt-free, Cash-free Net Working Capital to Revenue	52.46%	2.14%	9.36%	10.21%	-942.48%	-2,201.63%	-1,274.42%	-561.20%	-490.42%	-127.20%	-600.75%
Debt-free Net Working Capital to Revenue	151.63%	29.96%	38.08%	34.28%	53.72%	52.64%	612.93%	716.10%	478.34%	346.75%	76.91%
Net Working Capital to Revenue	151.63%	29.96%	38.08%	34.28%	35.01%	41.35%	42.74%	71.16%	73.02%	75.93%	70.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	($0.50)	$0.10	$0.44	$0.13	$0.10	$0.16	($0.06)	$0.21	$0.33	$0.13
Adjusted Weighted Average Basic Shares Outstanding	22.09M	22.09M	27.16M	27.16M	30.46M	31.28M	32.40M	32.41M	37.07M	39.95M	40.36M
Adjusted Diluted Earnings per Share	$0.26	($0.50)	$0.10	$0.44	$0.13	$0.10	$0.16	$0.00	$0.00	$0.33	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	22.09M	22.09M	27.16M	27.16M	30.46M	31.28M	32.40M	32.51M	0.00	39.95M	40.36M
Adjusted Basic & Diluted Earnings per Share	$0.26	($0.50)	$0.10	$0.44	$0.13	$0.10	$0.16	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.09M	22.09M	22.51M	27.16M	27.16M	30.64M	31.32M	32.51M	0.00	40.43M	40.94M
Normalized Net Operating Profit after Tax (NOPAT)	-2.16	-3.90	-2.58	-4.52	-12	-24	5.43	0.31	13	13	3.90
Normalized NOPAT Margin	-21.44%	-39.79%	-19.69%	-15.05%	-27.69%	-42.93%	8.04%	0.61%	17.66%	15.86%	4.14%
Pre Tax Income Margin	-83.97%	-56.85%	17.62%	24.50%	10.01%	5.82%	10.00%	-8.56%	15.74%	20.82%	11.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-80.57%	0.00%	0.00%	-9.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.49%
Augmented Payout Ratio	0.00%	-80.57%	0.00%	0.00%	-30.03%	0.00%	0.00%	0.00%	0.00%	0.00%	50.71%

This table displays calculated financial ratios and metrics derived from Siebert Financial's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	39,580,936.00	39,580,936.00	39,580,936.00	39,580,936.00	39,580,936.00	-	39,580,936.00	39,580,936.00	39,580,936.00	39,580,936.00	39,580,936.00
DEI Adjusted Shares Outstanding	39,580,936.00	39,580,936.00	39,580,936.00	39,580,936.00	39,580,936.00	-	39,580,936.00	39,580,936.00	39,580,936.00	39,580,936.00	39,580,936.00
DEI Earnings Per Adjusted Shares Outstanding	0.07	-0.02	0.09	0.10	0.10	-	0.22	-0.12	0.04	0.04	-0.05
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.91%	43.82%	26.51%	18.59%	24.99%	1.62%	37.59%	-28.71%	19.00%	17.68%	-21.53%
EBITDA Growth	148.25%	434.57%	18.97%	20.22%	14.35%	-61.41%	118.13%	-187.96%	-45.33%	-124.30%	-106.79%
EBIT Growth	169.08%	429.39%	18.29%	19.75%	13.25%	-60.09%	120.89%	-204.53%	-54.78%	-166.02%	-113.16%
NOPAT Growth	158.54%	429.39%	15.69%	17.72%	39.06%	-49.22%	134.91%	-200.87%	-57.64%	-174.12%	-123.17%
Net Income Growth	185.11%	74.64%	14.68%	48.35%	39.06%	302.69%	134.91%	-216.60%	-57.64%	-11.53%	-122.77%
EPS Growth	0.00%	0.00%	0.00%	0.00%	42.86%	0.00%	144.44%	-220.00%	-60.00%	0.00%	-122.73%
Operating Cash Flow Growth	23.43%	1,487.26%	-20.38%	276.40%	115.22%	-1.55%	26.63%	-96.61%	1,379.34%	-98.87%	24.25%
Free Cash Flow Firm Growth	-155.96%	111.79%	93.81%	-18.46%	67.32%	-460.93%	183.36%	86.94%	241.26%	1,245.94%	57.26%
Invested Capital Growth	63.31%	-24.47%	12.35%	71.89%	57.31%	75.25%	-7.72%	30.73%	-184.41%	-76.16%	-16.24%
Revenue Q/Q Growth	2.60%	9.15%	3.83%	1.99%	8.13%	-11.25%	40.57%	-48.57%	80.50%	-12.24%	-6.26%
EBITDA Q/Q Growth	-7.76%	36.29%	-13.39%	10.42%	-12.27%	-54.00%	389.53%	-147.69%	154.53%	-120.44%	-36.72%
EBIT Q/Q Growth	-8.29%	14.23%	4.53%	9.35%	-13.26%	-59.74%	478.54%	-155.56%	137.52%	-158.78%	-15.32%
NOPAT Q/Q Growth	-19.80%	23.93%	7.91%	9.76%	-5.26%	-54.75%	399.19%	-147.14%	139.78%	-179.19%	-56.06%
Net Income Q/Q Growth	1.06%	-131.05%	530.72%	9.76%	-5.26%	-54.75%	399.19%	-154.49%	134.41%	-5.48%	-228.47%
EPS Q/Q Growth	0.00%	0.00%	0.00%	11.11%	0.00%	0.00%	450.00%	-154.55%	133.33%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-83.94%	430.71%	-173.20%	139.61%	-84.13%	1,399.60%	-197.18%	101.83%	6,820.76%	-99.08%	-6,593.78%
Free Cash Flow Firm Q/Q Growth	-46.68%	112.50%	-155.08%	-1,072.75%	59.54%	-38.10%	254.14%	-283.67%	537.80%	-7.54%	-78.85%
Invested Capital Q/Q Growth	48.62%	-3.68%	11.06%	40.67%	21.96%	39.88%	-2.67%	61.85%	-220.41%	-40.35%	32.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	57.64%	100.00%	100.00%	100.00%	26.78%
EBITDA Margin	25.14%	31.39%	26.19%	28.35%	23.00%	11.92%	41.52%	-34.98%	10.57%	-2.46%	-3.59%
Operating Margin	23.67%	24.77%	24.94%	26.74%	21.45%	9.73%	37.29%	-39.21%	8.15%	-5.46%	-12.98%
EBIT Margin	23.67%	24.77%	24.94%	26.74%	21.45%	9.73%	40.04%	-39.21%	8.15%	-5.46%	-6.71%
Profit (Net Income) Margin	15.27%	-4.34%	18.02%	19.40%	16.99%	8.67%	30.77%	-31.73%	6.05%	6.51%	-8.93%
Tax Burden Percent	64.52%	80.60%	72.27%	72.54%	79.23%	89.07%	82.52%	80.92%	74.22%	40.03%	68.78%
Interest Burden Percent	100.00%	-21.76%	100.00%	100.00%	100.00%	100.00%	93.13%	100.00%	100.00%	-298.21%	193.32%
Effective Tax Rate	35.48%	0.00%	27.73%	27.46%	20.77%	10.93%	17.48%	0.00%	25.78%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	8.47%	13.01%	13.00%	12.80%	13.83%	17.08%	21.62%	11.24%	8.33%	8.15%	-3.87%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	1.73%	2.32%	2.50%	2.53%	2.66%	1.24%	5.75%	-5.79%	1.25%	-0.80%	-1.05%
Return on Assets (ROA)	1.11%	-0.41%	1.80%	1.83%	2.10%	1.10%	4.42%	-4.69%	0.92%	0.96%	-1.39%
Return on Common Equity (ROCE)	8.22%	12.79%	12.80%	12.63%	13.65%	16.86%	21.37%	11.11%	8.24%	8.10%	-3.85%
Return on Equity Simple (ROE_SIMPLE)	7.55%	0.00%	11.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2.76	3.42	3.69	4.05	3.83	1.74	8.66	-4.08	1.62	-1.29	-2.01
NOPAT Margin	15.27%	17.34%	18.02%	19.40%	16.99%	8.67%	30.77%	-27.45%	6.05%	-5.46%	-9.09%
Net Nonoperating Expense Percent (NNEP)	0.00%	-1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.28%	0.00%	0.55%	0.01%
Return On Investment Capital (ROIC_SIMPLE)	-	0.94%	1.11%	1.28%	1.17%	0.55%	8.67%	-1.30%	1.63%	-1.30%	-2.04%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	42.36%	0.00%	0.00%	0.00%	73.22%
SG&A Expenses to Revenue	67.69%	60.99%	67.20%	65.83%	70.53%	81.01%	10.19%	122.17%	81.37%	95.45%	15.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	76.33%	75.23%	75.06%	73.26%	78.55%	90.27%	22.78%	139.21%	91.85%	105.46%	45.04%
Earnings before Interest and Taxes (EBIT)	4.27	4.88	5.10	5.58	4.84	1.95	11	-5.83	2.19	-1.29	-1.48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.54	6.19	5.36	5.92	5.19	2.39	12	-5.20	2.84	-0.58	-0.79
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.10	0.89	1.14	0.89	1.23	1.50	1.30	2.01	1.30	1.59	0.89
Price to Tangible Book Value (P/TBV)	1.16	0.94	1.21	0.95	1.35	1.66	1.43	2.24	1.44	1.77	0.98
Price to Revenue (P/Rev)	1.18	0.87	1.11	0.88	1.21	1.50	1.32	2.07	1.30	1.50	0.89
Price to Earnings (P/E)	13.16	7.96	10.09	7.19	9.45	9.50	6.62	18.79	16.17	19.95	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.60%	12.57%	9.91%	13.91%	10.59%	10.52%	15.10%	5.32%	6.18%	5.01%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.88	4.16	3.44	3.01	2.92	2.72	0.06	2.48	0.08	0.11	0.11
Long-Term Debt to Equity	0.06	0.06	0.06	0.05	0.05	0.05	0.06	0.05	0.06	0.05	0.05
Financial Leverage	-10.37	-5.90	-5.88	-6.24	-3.91	-3.63	-4.58	-2.73	-3.96	-5.85	-4.73
Leverage Ratio	14.28	12.68	11.84	11.12	8.72	8.48	7.55	6.91	6.77	7.34	6.20
Compound Leverage Factor	14.28	-2.76	11.84	11.12	8.72	8.48	7.03	6.91	6.77	-21.88	11.99
Debt to Total Capital	79.53%	80.62%	77.48%	75.05%	74.47%	73.11%	5.63%	71.27%	7.67%	10.17%	10.26%
Short-Term Debt to Total Capital	78.31%	79.46%	76.21%	73.73%	73.19%	71.80%	0.09%	69.96%	2.06%	6.10%	6.16%
Long-Term Debt to Total Capital	1.22%	1.16%	1.27%	1.32%	1.28%	1.31%	5.54%	1.31%	5.61%	4.08%	4.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.29%	0.27%	0.30%	0.31%	0.31%	0.32%	0.97%	0.31%	0.97%	0.00%	0.00%
Common Equity to Total Capital	20.18%	19.11%	22.22%	24.64%	25.23%	26.57%	93.40%	28.42%	91.36%	89.83%	89.74%
Debt to EBITDA	18.39	14.60	12.26	10.83	10.73	12.27	0.23	16.80	0.70	1.27	-1.97
Net Debt to EBITDA	-25.66	-19.79	-17.45	-11.47	-9.64	-8.82	-16.74	-15.81	-43.54	-78.88	88.50
Long-Term Debt to EBITDA	0.28	0.21	0.20	0.19	0.18	0.22	0.23	0.31	0.51	0.51	-0.79
Debt to NOPAT	31.26	23.29	19.66	17.31	16.08	17.39	0.31	23.47	1.05	1.81	-1.85
Net Debt to NOPAT	-43.62	-31.57	-27.99	-18.34	-14.45	-12.50	-22.35	-22.08	-65.20	-112.88	83.07
Long-Term Debt to NOPAT	0.48	0.33	0.32	0.30	0.28	0.31	0.30	0.43	0.76	0.73	-0.74
Altman Z-Score	0.31	0.29	0.35	0.43	0.51	0.60	0.69	0.59	0.54	0.43	0.46
Noncontrolling Interest Sharing Ratio	2.93%	1.62%	1.55%	1.34%	1.30%	1.28%	1.16%	1.16%	1.13%	0.58%	0.53%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.07	1.08	1.11	1.13	1.15	1.16	1.13	1.14	1.10	1.13
Quick Ratio	0.73	0.96	0.62	0.54	0.51	0.94	1.15	1.12	1.12	1.09	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-543	68	-37	-439	-177	-245	31	-57	251	232	49
Operating Cash Flow to CapEx	-4,101.48%	6,883.80%	-2,721.09%	1,705.32%	284.12%	6,114.52%	-3,004.45%	79.07%	5,869.62%	59.73%	-5,724.78%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	350.30	0.00	0.00	0.00	224.91
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-387.20	0.00	0.00	0.00	-119.75
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-400.09	0.00	0.00	0.00	-121.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.09	0.10	0.09	0.12	0.13	0.14	0.15	0.15	0.15	0.16
Accounts Receivable Turnover	1.70	2.51	2.62	18.86	2.12	27.89	2.12	1.90	2.07	1.12	1.05
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.48	8.07	7.98	8.22	8.60	8.54	9.02	8.50	8.83	9.13	8.65
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.00	0.00	0.00	0.02
Days Sales Outstanding (DSO)	215.03	145.31	139.44	19.35	171.97	13.09	172.45	191.62	176.65	324.46	346.99
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	3,356.30	0.00	0.00	0.00	19,308.93
Cash Conversion Cycle (CCC)	215.03	145.31	139.44	19.35	171.97	13.09	-3,183.85	191.62	176.65	324.46	-18,961.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-316	-328	-292	-173	-135	-81	-314	-120	-384	-539	-365
Invested Capital Turnover	-0.11	-0.24	-0.24	-0.20	-0.37	-0.41	-0.30	-0.59	-0.35	-0.22	-0.26
Increase / (Decrease) in Invested Capital	546	-64	41	443	181	247	-23	53	-249	-233	-51
Enterprise Value (EV)	-310	-335	-282	-182	-116	-39	-287	-30	-357	-487	-375
Market Capitalization	77	62	84	69	101	126	121	179	118	142	78
Book Value per Share	$1.78	$1.76	$1.87	$1.96	$2.06	$2.10	$2.32	$2.20	$2.25	$2.21	$2.16
Tangible Book Value per Share	$1.69	$1.68	$1.75	$1.82	$1.87	$1.91	$2.11	$1.97	$2.02	$1.98	$1.96
Total Capital	350	365	332	317	326	316	100	313	99	99	98
Total Debt	278	294	257	238	243	231	5.62	223	7.63	10	10
Total Long-Term Debt	4.25	4.23	4.21	4.18	4.16	4.14	5.53	4.09	5.58	4.05	4.02
Net Debt	-388	-399	-367	-252	-218	-166	-408	-210	-476	-628	-453
Capital Expenditures (CapEx)	0.47	0.93	1.73	1.09	1.04	1.03	1.15	0.80	0.74	0.67	0.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-334	-351	-317	-198	-161	-107	-343	-152	-412	-566	-393
Debt-free Net Working Capital (DFNWC)	332	342	307	292	300	291	71	281	72	72	70
Net Working Capital (NWC)	58	52	54	58	61	64	71	62	70	66	64
Net Nonoperating Expense (NNE)	0.00	4.27	0.00	0.00	0.00	0.00	0.00	0.64	0.00	-2.82	-0.03
Net Nonoperating Obligations (NNO)	-388	-399	-367	-252	-218	-166	-408	-210	-476	-628	-453
Total Depreciation and Amortization (D&A)	0.27	1.30	0.26	0.34	0.35	0.44	0.42	0.63	0.65	0.71	0.69
Debt-free, Cash-free Net Working Capital to Revenue	-510.41%	-490.42%	-417.66%	-250.88%	-193.06%	-127.20%	-374.62%	-175.75%	-454.12%	-600.75%	-446.24%
Debt-free Net Working Capital to Revenue	506.09%	478.34%	405.52%	369.31%	358.96%	346.75%	77.52%	325.78%	79.32%	76.91%	79.56%
Net Working Capital to Revenue	88.22%	73.02%	71.45%	73.42%	73.20%	75.93%	77.42%	72.08%	77.06%	70.49%	72.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	($0.03)	$0.09	$0.10	$0.10	$0.04	$0.22	($0.12)	$0.04	($0.01)	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	39.68M	37.07M	39.77M	39.89M	40.02M	39.95M	40.19M	40.40M	40.42M	40.36M	40.80M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.10	$0.00	$0.22	($0.12)	$0.04	$0.00	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	39.58M	37.07M	39.88M	39.98M	40.02M	39.95M	40.19M	40.40M	40.42M	40.36M	40.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	39.58M	0.00	39.88M	39.98M	40.12M	40.43M	40.41M	40.43M	40.43M	40.94M	40.94M
Normalized Net Operating Profit after Tax (NOPAT)	2.76	3.42	3.69	4.05	3.83	1.74	8.66	-4.08	1.62	-0.90	-1.46
Normalized NOPAT Margin	15.27%	17.34%	18.02%	19.40%	16.99%	8.67%	30.77%	-27.45%	6.05%	-3.82%	-6.60%
Pre Tax Income Margin	23.67%	-5.39%	24.94%	26.74%	21.45%	9.73%	37.29%	-39.21%	8.15%	16.28%	-12.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	126.63	0.00	0.00	0.00	-6.80
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	97.31	0.00	0.00	0.00	-9.21
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	113.74	0.00	0.00	0.00	-8.89
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	84.43	0.00	0.00	0.00	-11.30
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.00%	0.00%	0.49%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.00%	0.00%	50.71%	0.00%

Financials Breakdown Chart

Key Financial Trends

Siebert Financial (NASDAQ: SIEB) showed a sharp quarterly reversal in Q1 2026, with revenue still solid but profitability and cash flow under pressure. The company generated $22.1 million in revenue, but posted a net loss of $2.0 million and burned $27.1 million in cash during the quarter. That is a meaningful deterioration from the stronger results seen in much of 2025 and 2024.

Revenue remained at a respectable level. Q1 2026 operating revenue was $22.1 million, indicating the business is still generating meaningful top-line activity.
The balance sheet still carries a large asset base. Total assets were $597.1 million at quarter-end, supported by $447.3 million in short-term investments and $16.2 million in cash.
Debt looks modest relative to assets. Total debt was relatively small at about $10.1 million combined short-term and long-term debt, which limits leverage risk.
Interest expense remained low. Cash interest paid was only $132,000 in Q1 2026, suggesting financing costs are not a major burden.
Revenue was down sequentially. Q1 2026 revenue of $22.1 million fell from $23.6 million in Q4 2025 and well below the stronger quarters in 2024 and early 2025.
Losses came with heavy non-operating and working-capital pressure. Operating cash flow was negative $26.1 million, driven by a large $18.1 million drag from changes in operating assets and liabilities.
Share count appears fairly stable. Weighted average diluted shares were 40.8 million, close to prior periods, so the recent loss is more about performance than dilution.
Book equity remains positive. Common equity was $88.1 million, giving the company a cushion despite the quarterly loss.
Profitability deteriorated sharply. Q1 2026 net loss was $2.0 million versus net income of $1.5 million in Q4 2025 and $2.7 million in Q3 2025.
Operating losses widened. Operating loss was $2.9 million, reflecting expenses that exceeded gross profit by a wide margin.
Cash burn was severe. Net change in cash and equivalents was negative $27.1 million, which reduced cash on hand to $16.2 million from $19.6 million in Q3 2025.
Current liabilities are very large relative to liquid assets. Current liabilities were $500.4 million versus cash of $16.2 million, indicating a balance-sheet structure that depends heavily on short-term financial assets and operational liquidity management.
Interest and tax items added to the pressure. The quarter included $218,000 of interest expense and $895,000 of income tax expense despite the loss, which further weighed on results.

Longer-term trend: Siebert Financial’s results have been volatile. In 2024 and parts of 2025, the company produced several profitable quarters and strong operating cash flow, including Q4 2024 and Q3 2025. However, the latest quarter suggests a deterioration in operating momentum, with weaker earnings, negative operating cash flow, and a notable decline in cash balances.

Bottom line: SIEB still has meaningful assets and modest debt, but the latest quarter raises concerns about earnings consistency and cash generation. Investors will likely want to see whether Q1 2026 was a temporary setback or the start of a more challenging trend.

07/18/26 07:42 PM ETAI Generated. May Contain Errors.

Siebert Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Siebert Financial's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Siebert Financial's net income appears to be on an upward trend, with a most recent value of $7.10 million in 2025, falling from -$2.87 million in 2015. The previous period was $13.30 million in 2024. See Siebert Financial's forecast for analyst expectations on what's next for the company.

Siebert Financial's total operating income in 2025 was $5.57 million, based on the following breakdown:

Total Gross Profit: $94.20 million
Total Operating Expenses: $88.64 million

Over the last 10 years, Siebert Financial's total revenue changed from $10.10 million in 2015 to $94.20 million in 2025, a change of 833.1%.

Siebert Financial's total liabilities were at $669.88 million at the end of 2025, a 54.1% increase from 2024, and a 31,768.8% increase since 2015.

In the past 10 years, Siebert Financial's cash and equivalents has ranged from $2.73 million in 2016 to $32.63 million in 2024, and is currently $22.41 million as of their latest financial filing in 2025.

Over the last 10 years, Siebert Financial's book value per share changed from 0.71 in 2015 to 2.21 in 2025, a change of 211.1%.

Related Companies

Financial statements for NASDAQ:SIEB last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Siebert Financial (SIEB) Financials

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Siebert Financial (SIEB) Financials

Annual Income Statements for Siebert Financial

Quarterly Income Statements for Siebert Financial

Annual Cash Flow Statements for Siebert Financial

Quarterly Cash Flow Statements for Siebert Financial

Annual Balance Sheets for Siebert Financial

Quarterly Balance Sheets for Siebert Financial

Annual Metrics And Ratios for Siebert Financial

Quarterly Metrics And Ratios for Siebert Financial

Financials Breakdown Chart

Key Financial Trends

Siebert Financial Financials - Frequently Asked Questions

When does Siebert Financial's fiscal year end?

How has Siebert Financial's net income changed over the last 10 years?

What is Siebert Financial's operating income?

How has Siebert Financial's revenue changed over the last 10 years?

How much debt does Siebert Financial have?

How much cash does Siebert Financial have?

How has Siebert Financial's book value per share changed over the last 10 years?

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