Filing Flows › Binah Capital Group (BCG) › Q4 2024
Binah Capital Group (BCG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Binah Capital Group (BCG) reported revenue of $44.6M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +6% from the quarter before. Operating margin was -1.3%, net loss $1.1M (2.5% of revenue).
Binah Capital Group, Q4 2024: revenue $44.6M (+8% year over year), operating margin -1.3%, net loss $1.1M, operating cash flow $1.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.6M | +6% | +8% |
| Operating profit | −$570K | — | — |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | $1.8M | — | -17% |
| Free cash flow | $1.7M | — | -20% |
What changed
Revenue was $44.6M in Q4 2024, up 8% year over year and up 6% from the previous quarter. Variable annuities and other insurance commissions was the largest line at 57% of revenue.
Operating costs exceeded revenue by $570K, an operating margin of -1.3%. Total costs grew 6% against revenue growth of 8%. The quarter ended with a net loss of $1.1M, narrower than the previous quarter's $1.1M loss.
Operating cash flow was $1.8M (down 17% year over year). Non-cash charges added back $157K of depreciation and amortization. Working capital and other items added $2.8M. Capital expenditures of $67K left free cash flow of $1.7M.
Questions
What was Binah Capital Group's revenue in the fourth quarter 2024?
Binah Capital Group (BCG) reported revenue of $44.6M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +6% from the quarter before.
Was Binah Capital Group profitable in the fourth quarter 2024?
Operating loss was $570K (-1.3% of revenue) and net loss $1.1M.