Filing Flows › Binah Capital Group (BCG) › Q3 2025
Binah Capital Group (BCG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Binah Capital Group (BCG) reported revenue of $46.2M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +11% from the quarter before. Operating margin was 4.2%, net earnings $1.8M (3.8% of revenue).
Binah Capital Group, Q3 2025: revenue $46.2M (+10% year over year), operating margin 4.2%, net earnings $1.8M, operating cash flow $932K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.2M | +11% | +9% |
| Operating profit | $1.9M | — | — |
| Net earnings | $1.8M | — | — |
| Operating cash flow | $932K | 15× | — |
| Free cash flow | $885K | 14× | — |
What changed
Revenue was $46.2M in Q3 2025, up 9% year over year and up 11% from the previous quarter. Variable annuities and other insurance commissions was the largest line at 60% of revenue. Variable annuities and other insurance commissions added $2.7M year over year (up 11%), 66% of the total change. Alternative investments declined 39%.
Operating profit was $1.9M, a 4.2% margin (up 5.7 points year over year). Total costs grew 3% against revenue growth of 9%. Net earnings were $1.8M. The effective tax rate was 9.7%.
Operating cash flow was $932K, 53% of net earnings. Non-cash charges added back $167K of depreciation and amortization and $163K of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $47K left free cash flow of $885K.
Questions
What was Binah Capital Group's revenue in the third quarter 2025?
Binah Capital Group (BCG) reported revenue of $46.2M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +11% from the quarter before.
Was Binah Capital Group profitable in the third quarter 2025?
Operating profit was $1.9M (4.2% of revenue) and net earnings $1.8M.