Filing Flows › Binah Capital Group (BCG) › Q2 2026 › vs Q2 2025
Binah Capital Group (BCG) Q2 2026 vs Q2 2025 (year over year)
Binah Capital Group's revenue rose $5.0M (+12%) from $41.5M in Q2 2025 to $46.5M in Q2 2026. The biggest changes: Variable annuities and other insurance commissions +$2.2M (+9%); Mutual fund commissions +$835K (+14%); Advisory fees +$727K (+11%). Operating margin 0.9% against -1.4% (+2.3 pts).
Binah Capital Group, Q2 2026: revenue $46.5M (+12% year over year), operating margin 0.9%, net earnings $337K, operating cash flow $1.1M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 0.9% | -1.4% | +2.3 pts |
| Net margin | 0.7% | -1.6% | +2.3 pts |
| Free cash flow margin | 2.4% | 0.1% | +2.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Variable annuities and other insurance commissions | $26.7M | $24.6M | $2.2M | +9% |
| Advisory fees | $7.4M | $6.6M | $727K | +11% |
| Mutual fund commissions | $6.7M | $5.9M | $835K | +14% |
| Securities commissions | $3.0M | $2.6M | $396K | +15% |
| Alternative investments | $1.6M | $938K | $674K | +72% |
| Other revenues | $1.1M | $872K | $230K | +26% |
| Revenue | $46.5M | $41.5M | $5.0M | +12% |
| Operating profit | $423K | −$561K | $984K | — |
| Costs & expenses | $46.1M | $42.1M | $4.0M | +10% |
| Pre-tax earnings | $423K | −$561K | $984K | — |
| Net earnings | $337K | −$654K | $991K | — |
| Income tax | $86K | $93K | −$7K | -8% |
| Depreciation & amortization | $127K | $183K | −$56K | -31% |
| Share-based compensation | $164K | $0 | $164K | — |
| Working capital & other | $490K | $533K | −$43K | -8% |
| Operating cash flow | $1.1M | $62K | $1.1M | 18× |
| Free cash flow (OCF − capex) | $1.1M | $62K | $1.0M | 18× |
| Capital expenditures | $15K | $0 | $15K | — |
Questions
How much did Binah Capital Group's revenue grow year over year in Q2 2026?
Binah Capital Group's revenue rose $5.0M (+12%) from $41.5M in Q2 2025 to $46.5M in Q2 2026.
What drove Binah Capital Group's revenue change in Q2 2026?
Variable annuities and other insurance commissions +$2.2M (+9%); Mutual fund commissions +$835K (+14%); Advisory fees +$727K (+11%).