Cohen & Co Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $275.6M | $79.6M | $83.0M | $44.4M | $146.4M |
| Operating income | $59.4M | -$8.0M | $6.9M | -$28.0M | $39.6M |
| Interest expense | $35.2M | $38.3M | $31.3M | $33.7M | $41.0M |
| Pretax income | $39.5M | $7.9M | $15.9M | -$53.9M | $70.5M |
| Income tax expense | -$632,000 | -$329,000 | $5.5M | $4.8M | -$3.5M |
| Net income | $14.4M | -$129,000 | -$5.1M | -$13.4M | $11.8M |
| Balance Sheet | |||||
| Cash and equivalents | $56.8M | $19.6M | $10.7M | $29.1M | $50.6M |
| Total assets | $700.6M | $971.1M | $772.8M | $887.1M | $3.7B |
| Total liabilities | $597.5M | $880.9M | $681.0M | $793.0M | $3.5B |
| Total debt | — | $0 | $0 | — | — |
| Stockholders' equity | $51.1M | $41.7M | $41.7M | $46.7M | $61.9M |
| Cash Flow Statement | |||||
| Cash from operations | $27.4M | $9.5M | -$39.7M | -$23.5M | $18.3M |
| Depreciation and amortization | $724,000 | $556,000 | $563,000 | $557,000 | $371,000 |
| Stock-based compensation | $20.2M | $4.7M | $4.4M | $4.4M | $15.7M |
| Capital expenditure | $1.3M | $1.2M | $373,000 | $573,000 | $1.0M |
| Free cash flow | $26.1M | $8.2M | -$40.0M | -$24.1M | $17.3M |
| Dividends paid | $2.1M | $1.9M | $1.8M | $2.6M | $671,000 |
| Share repurchases | — | — | $0 | $0 | $857,000 |
| Impairments | — | — | — | $0 | $0 |
Shares outstanding 2.5M · Free float 69.1%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.