Revenue: As of FY2026 Q2, the actual value is USD 69.49 M.

EPS: As of FY2026 Q2, the actual value is USD 0.94.

EBIT: As of FY2026 Q2, the actual value is USD 11.1 M.

Financial Highlights for the Three Months Ended June 30, 2026 (Q2 2026)

Operational Performance

• Net Income Attributable to Cohen & Company Inc.: Net income was $3.6 million in Q2 2026, an increase from $1.5 million in Q1 2026 and $1.4 million in Q2 2025.
• Adjusted Pre-Tax Income: Adjusted pre-tax income for Q2 2026 was $10.1 million, up from $4.0 million in Q1 2026 and $5.5 million in Q2 2025.
• Operating Income: Operating income for Q2 2026 was $12.4 million, significantly higher than $5.1 million in Q1 2026 and $7.5 million in Q2 2025.
• Compensation and Benefits Expense: This expense increased to $48.2 million in Q2 2026, up $6.9 million from Q1 2026 and $3.9 million from Q2 2025, primarily due to fluctuations in revenue and related variable incentive compensation.
• Interest Expense, Net: Interest expense was - $1.3 million in Q2 2026, which included - $1.2 million on trust preferred securities debt, - $76 thousand on senior promissory notes, and - $45 thousand on the bank credit facility. This compares to - $1.3 million in Q1 2026 and - $1.5 million in Q2 2025.
• Loss from Equity Method Affiliates: The loss from equity method affiliates was - $3.0 million in Q2 2026, compared to a loss of - $0.5 million in Q1 2026 and - $1.4 million in Q2 2025.
• Income Tax Expense (Benefit): Income tax expense was $0.1 million in Q2 2026, contrasting with an income tax benefit of - $0.2 million in Q1 2026 and an expense of $0.8 million in Q2 2025.

Balance Sheet Metrics

• Total Equity: As of June 30, 2026, total equity was $109.3 million, an increase from $103.1 million as of December 31, 2025.
• Total Equity Excluding Non-Convertible Non-Controlling Interest: This figure was $109.3 million as of June 30, 2026, representing a $6.6 million increase from $102.6 million as of December 31, 2025.

Other Operational Metrics

• Employees: The number of employees was 129 as of June 30, 2026, up from 128 as of March 31, 2026, and 118 as of June 30, 2025.
• Gestation Repo Book of Business: This stood at $4.1 billion as of June 30, 2026.

Financial Highlights for the Six Months Ended June 30, 2026 (H1 2026)

Operational Performance

• Net Income Attributable to Cohen & Company Inc.: For H1 2026, net income was $5.1 million, compared to $1.7 million in H1 2025.
• Adjusted Pre-Tax Income: Adjusted pre-tax income for H1 2026 was $14.1 million, compared to $6.8 million in H1 2025.
• Operating Income: Operating income for H1 2026 was $17.5 million, significantly higher than $7.6 million in H1 2025.
• Compensation and Benefits Expense: This expense was $89.5 million in H1 2026, compared to $66.0 million in H1 2025.
• Interest Expense, Net: Interest expense was - $2.6 million in H1 2026, compared to - $2.9 million in H1 2025.
• Income (Loss) from Equity Method Affiliates: The loss from equity method affiliates was - $3.6 million in H1 2026, compared to an income of $981 thousand in H1 2025.
• Income Tax Expense (Benefit): Income tax benefit was - $41 thousand in H1 2026, compared to an expense of $910 thousand in H1 2025.

Outlook and Guidance

Cohen & Company Inc.’s CEO, Lester Brafman, expressed satisfaction with a solid quarter driven by strong performance in the full-service boutique investment bank and its expertise in SPAC and de-SPAC transactions. The company is encouraged by current momentum and seeks opportunities to increase revenue and profitability, remaining confident in future earnings potential and committed to creating long-term stockholder value. The Board of Directors declared a quarterly dividend of $0.25 per share, payable on September 2, 2026, and will continue to evaluate the dividend policy each quarter.