Filing Flows › Binah Capital Group (BCG) › Q1 2026 › vs Q1 2025
Binah Capital Group (BCG) Q1 2026 vs Q1 2025 (year over year)
Binah Capital Group's revenue fell $236K (-0.5%) from $48.9M in Q1 2025 to $48.7M in Q1 2026. The biggest changes: Alternative investments −$4.9M (-81%); Variable annuities and other insurance commissions +$2.2M (+8%); Mutual fund commissions +$947K (+17%). Operating margin 5.5% against 3.0% (+2.5 pts).
Binah Capital Group, Q1 2026: revenue $48.7M (-0.5% year over year), operating margin 5.5%, net earnings $1.9M, operating cash flow $538K. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 5.5% | 3.0% | +2.5 pts |
| Net margin | 3.9% | 2.1% | +1.8 pts |
| Free cash flow margin | 1.1% | 2.1% | -1.1 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Variable annuities and other insurance commissions | $28.3M | $26.1M | $2.2M | +8% |
| Advisory fees | $7.3M | $6.9M | $391K | +6% |
| Mutual fund commissions | $6.6M | $5.6M | $947K | +17% |
| Securities commissions | $3.8M | $3.4M | $343K | +10% |
| Alternative investments | $1.1M | $6.0M | −$4.9M | -81% |
| Other revenues | $1.6M | $879K | $756K | +86% |
| Revenue | $48.7M | $48.9M | −$236K | -0.5% |
| Operating profit | $2.7M | $1.5M | $1.2M | +82% |
| Costs & expenses | $46.0M | $47.5M | −$1.4M | -3% |
| Pre-tax earnings | $2.7M | $1.5M | $1.2M | +82% |
| Net earnings | $1.9M | $1.0M | $868K | +84% |
| Income tax | $755K | $423K | $332K | +78% |
| Depreciation & amortization | $143K | $187K | −$44K | -24% |
| Share-based compensation | $384K | $0 | $384K | — |
| Working capital & other | $1.9M | $166K | $1.7M | 11× |
| Operating cash flow | $538K | $1.1M | −$516K | -49% |
| Free cash flow (OCF − capex) | $527K | $1.0M | −$519K | -50% |
| Capital expenditures | $11K | $8K | $3K | +38% |
Questions
How much did Binah Capital Group's revenue grow year over year in Q1 2026?
Binah Capital Group's revenue fell $236K (-0.5%) from $48.9M in Q1 2025 to $48.7M in Q1 2026.
What drove Binah Capital Group's revenue change in Q1 2026?
Alternative investments −$4.9M (-81%); Variable annuities and other insurance commissions +$2.2M (+8%); Mutual fund commissions +$947K (+17%).