Financial Performance - Total revenue increased 18% year-over-year to $49 million[1] - Net income for the quarter was $1 million, compared to a net loss of $(1.6) million in the prior-year period[6] - EBITDA increased to $2.2 million from $(0.0) million in the prior year, driven by higher revenue growth and lower expenses[7] - Gross profit rose to $8.6 million, up from $7.8 million in the prior-year period[6] - Total operating expenses decreased to $7 million from $10 million in the prior-year period[6] Assets and Management - Assets under management (AuM) grew 3% year-over-year to $26 billion[1] - Cash and cash equivalents stood at $9 million, with outstanding long-term debt of $25 million as of March 31, 2025[8] Strategic Initiatives - The company welcomed Bleakley Financial Group to its platform, enhancing its open-architecture model[3] - The company appointed Ryan Marcus as Chief Business Development and Engagement Officer to strengthen its leadership[3] - Binah Capital Group aims to navigate the dynamic macro environment and drive long-term shareholder value[3]
Binah Capital Group, Inc.(BCG) - 2025 Q1 - Quarterly Results