Filing Flows › Binah Capital Group (BCG) › Q4 2025
Binah Capital Group (BCG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Binah Capital Group (BCG) reported revenue of $50.5M for the fourth quarter 2025 (Q4 2025), +13% from a year earlier and +9% from the quarter before. Operating margin was -0.5%, net earnings $167K (0.3% of revenue).
Binah Capital Group, Q4 2025: revenue $50.5M (+13% year over year), operating margin -0.5%, net earnings $167K, operating cash flow $3.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.5M | +9% | +13% |
| Operating profit | −$236K | -112% | — |
| Net earnings | $167K | -91% | — |
| Operating cash flow | $3.1M | +233% | +71% |
| Free cash flow | $3.1M | +250% | +77% |
What changed
Revenue was $50.5M in Q4 2025, up 13% year over year and up 9% from the previous quarter. Variable annuities and other insurance commissions was the largest line at 57% of revenue.
Operating costs exceeded revenue by $236K, an operating margin of -0.5%. Total costs grew 12% against revenue growth of 13%. Net earnings were $167K.
Operating cash flow was $3.1M (up 71% year over year), 1858% of net earnings. Non-cash charges added back $160K of depreciation and amortization and $170K of share-based compensation. Working capital and other items added $2.6M. Capital expenditures of $6K left free cash flow of $3.1M.
Questions
What was Binah Capital Group's revenue in the fourth quarter 2025?
Binah Capital Group (BCG) reported revenue of $50.5M for the fourth quarter 2025 (Q4 2025), +13% from a year earlier and +9% from the quarter before.
Was Binah Capital Group profitable in the fourth quarter 2025?
Operating loss was $236K (-0.5% of revenue) and net earnings $167K.