--- title: "Siebert Financial | 10-Q: FY2026 Q1 Revenue: USD 23.47 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286607056.md" datetime: "2026-05-15T20:05:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286607056.md) - [en](https://longbridge.com/en/news/286607056.md) - [zh-HK](https://longbridge.com/zh-HK/news/286607056.md) generator: "portal-rs" --- # Siebert Financial | 10-Q: FY2026 Q1 Revenue: USD 23.47 M Revenue: As of FY2026 Q1, the actual value is USD 23.47 M. EPS: As of FY2026 Q1, the actual value is USD -0.05. EBIT: As of FY2026 Q1, the actual value is USD -5.051 M. #### Financial Services Segment - **Total Revenue**: - For the three months ended March 31, 2026, total revenue was $23,127,000 . - For the three months ended March 31, 2025, total revenue was $28,919,000 . - **Key Revenue Categories (Three months ended March 31, 2026 vs. 2025)**: - Commissions and fees were $2,325,000 in 2026 compared to $2,102,000 in 2025 . - Interest, marketing, and distribution fees were $5,874,000 in 2026 compared to $6,945,000 in 2025 . - Principal transactions and proprietary trading generated $3,928,000 in 2026, a decrease from $12,961,000 in 2025 . - Investment banking revenue increased to $1,573,000 in 2026 from $0 in 2025 . - Market making revenue was $545,000 in 2026, slightly down from $552,000 in 2025 . - Stock borrow / stock loan revenue increased to $6,831,000 in 2026 from $4,837,000 in 2025 . - Advisory fees grew to $1,010,000 in 2026 from $748,000 in 2025 . - Other income was $1,041,000 in 2026 compared to $774,000 in 2025 . - **Total Expenses**: - Total expenses for the three months ended March 31, 2026, were $24,229,000 . - Total expenses for the three months ended March 31, 2025, were $18,382,000 . - **Operating Income (Loss)**: - The segment reported an operating loss of - $1,102,000 for the three months ended March 31, 2026 . - The segment reported an operating income of $10,537,000 for the three months ended March 31, 2025 . #### Media, Sports and Entertainment Segment - **Total Revenue**: - For the three months ended March 31, 2026, total revenue was $343,000 . - For the three months ended March 31, 2025, total revenue was $0 . - **Key Revenue Categories (Three months ended March 31, 2026 vs. 2025)**: - Music and artist services revenue was $248,000 in 2026, up from $0 in 2025 . - NIL revenue was $95,000 in 2026, up from $0 in 2025 . - **Total Expenses**: - Total expenses for the three months ended March 31, 2026, were $2,108,000 . - Total expenses for the three months ended March 31, 2025, were $41,000 . - **Operating Income (Loss)**: - The segment reported an operating loss of - $1,765,000 for the three months ended March 31, 2026 . - The segment reported an operating loss of - $41,000 for the three months ended March 31, 2025 . #### Consolidated Operational Metrics - **Net Income (Loss)**: - Net loss for the three months ended March 31, 2026, was - $1,972,000 . - Net income for the three months ended March 31, 2025, was $8,661,000 . - **Operating Income (Loss)**: - Operating loss for the three months ended March 31, 2026, was - $2,867,000 . - Operating income for the three months ended March 31, 2025, was $10,496,000 . - **Total Revenue**: - Consolidated total revenue for the three months ended March 31, 2026, was $23,470,000 . - Consolidated total revenue for the three months ended March 31, 2025, was $28,919,000 . - **Total Expenses**: - Consolidated total expenses for the three months ended March 31, 2026, were $26,337,000 . - Consolidated total expenses for the three months ended March 31, 2025, were $18,423,000 . - **Provision for (Benefit from) Income Taxes**: - The benefit from income taxes for the three months ended March 31, 2026, was - $895,000 . - The provision for income taxes for the three months ended March 31, 2025, was $1,835,000 . #### Cash Flow - **Net cash used in operating activities**: - For the three months ended March 31, 2026, net cash used was - $26,105,000 . - For the three months ended March 31, 2025, net cash used was - $34,461,000 . - **Net cash used in investing activities**: - For the three months ended March 31, 2026, net cash used was - $976,000 . - For the three months ended March 31, 2025, net cash used was - $1,147,000 . - **Net cash used in financing activities**: - For the three months ended March 31, 2026, net cash used was - $23,000 . - For the three months ended March 31, 2025, net cash used was - $58,000 . - **Net change in cash and cash equivalents, and cash segregated for regulatory purposes**: - For the three months ended March 31, 2026, the net change was - $27,104,000 . - For the three months ended March 31, 2025, the net change was - $35,666,000 . #### Unique Metrics - **Retail Customer Metrics (as of March 31, 2026 vs. December 31, 2025)**: - Retail customer net worth was $18.8 billion as of March 31, 2026, compared to $19.5 billion as of December 31, 2025 . - Retail customer margin debit balances remained at $0.4 billion for both periods . - Retail customer credit balances were $0.4 billion as of March 31, 2026, down from $0.5 billion as of December 31, 2025 . - Retail customer money market fund value was $0.9 billion as of March 31, 2026, compared to $1.0 billion as of December 31, 2025 . - Retail customer accounts increased to 167,589 as of March 31, 2026, from 166,217 as of December 31, 2025 . - **MSCO Net Capital**: - As of March 31, 2026, MSCO Net Capital was $56.2 million, with an excess of $54.4 million over the required $1.8 million . - As of December 31, 2025, MSCO Net Capital was $61.7 million, with an excess of $60.0 million over the required $1.7 million . - **RISE Net Capital**: - As of March 31, 2026, RISE Net Capital was $1.2 million, with an excess of $0.9 million over the required $250,000 . - As of December 31, 2025, RISE Net Capital was $1.2 million, with an excess of $0.9 million over the required $250,000 . #### Future Outlook and Strategy Siebert Financial Corp. is investing in technology development and strategic partnerships to enhance operational capabilities and support future growth, including its Retail Platform, a Green Pier clearing agreement, and investments in FusionIQ and Arqitech . The company anticipates that continued development in its Media, Sports and Entertainment segment, encompassing catalog and artist pipeline expansion, will contribute positively to operating results over time, despite current early-stage development costs and recent impairment charges . Siebert Financial Corp. expects to utilize available cash, credit lines, and potential future debt or equity issuance to fund core business investments, strategic acquisitions, and meet regulatory capital requirements . ### Related Stocks - [SIEB.US](https://longbridge.com/en/quote/SIEB.US.md) ## Related News & Research - [Siebert Financial Expands Strategic Partnership With Fusioniq Through Additional Investment And Long-Term Transformation Agreement](https://longbridge.com/en/news/296107445.md) - [Siebert Financial partners with tZERO to offer clients access to tokenized securities](https://longbridge.com/en/news/296487702.md) - [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296518280.md) - [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.md) - [Corning sets Q3 2026 dividend at R$ 0.25 per unit](https://longbridge.com/en/news/296635714.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**