Filing Flows › Binah Capital Group (BCG) › Q1 2025
Binah Capital Group (BCG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Binah Capital Group (BCG) reported revenue of $48.9M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +10% from the quarter before. Operating margin was 3.0%, net earnings $1.0M (2.1% of revenue).
Binah Capital Group, Q1 2025: revenue $48.9M (+18% year over year), operating margin 3.0%, net earnings $1.0M, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.9M | +10% | +18% |
| Operating profit | $1.5M | — | — |
| Net earnings | $1.0M | — | — |
| Operating cash flow | $1.1M | -42% | — |
| Free cash flow | $1.0M | -40% | — |
What changed
Revenue was $48.9M in Q1 2025, up 18% year over year and up 10% from the previous quarter. Variable annuities and other insurance commissions was the largest line at 53% of revenue. Alternative investments added $4.4M year over year (up 285%), 59% of the total change.
Operating profit was $1.5M, a 3.0% margin (up 6.5 points year over year). Total costs grew 11% against revenue growth of 18%. Net earnings were $1.0M. The effective tax rate was 29.1%.
Operating cash flow was $1.1M, 102% of net earnings. Non-cash charges added back $187K of depreciation and amortization. Working capital and other items used $166K. Capital expenditures of $8K left free cash flow of $1.0M.
Questions
What was Binah Capital Group's revenue in the first quarter 2025?
Binah Capital Group (BCG) reported revenue of $48.9M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +10% from the quarter before.
Was Binah Capital Group profitable in the first quarter 2025?
Operating profit was $1.5M (3.0% of revenue) and net earnings $1.0M.