Binah Capital Group Reports First Quarter 2025 Results

Core Insights - Binah Capital Group reported a strong financial performance for the first quarter of 2025, with total revenue increasing by 18% year-over-year to $49 million and assets under management rising by 3$26 billion [1][8]. - The company achieved a net income of $1 million, a significant improvement from a net loss of$1.6 million in the prior-year period [8]. - EBITDA increased to $2.2 million from a previous loss of$0 million, driven by higher revenue and lower operating expenses [2][8]. Financial Performance - Total revenue for the first quarter reached $49 million, marking an 18$8.6 million, up from $7.8 million in the prior-year period [8]. - Total operating expenses decreased to$7 million from $10 million in the prior-year period, primarily due to the absence of costs related to a business combination that occurred in the previous year [8]. Liquidity and Capital Structure - As of March 31, 2025, Binah Capital had cash and cash equivalents of$9 million and long-term debt of $25 million [5]. - The total assets of the company increased to$67.877 million from $66.677 million at the end of the previous year [15][16]. Strategic Developments - The company welcomed Bleakley Financial Group into its network, highlighting the strength of its open-architecture platform [3]. - Binah Capital expanded its executive leadership team with the appointment of Ryan Marcus as Chief Business Development and Engagement Officer [3].