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Cohen (COHN) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 3, 2026 · Cohen (COHN) Q2 2026 earnings results →
Q2 2026 Revenue up 16% year over year to $69.5M · 5¢ of every $1 of revenue kept as net profit · operating margin 17.9%
Cohen made $69.5M in Q2 2026 (+16% Y/Y). Operating margin 17.9%, net earnings $3.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $69.5M in Q2 2026, up 16% year over year and up 20% from the previous quarter.
Operating profit was $12.4M, a 17.9% margin (up 5.3 points year over year). Of the extra revenue versus Q2 2025, 51% reached operating profit, above the 13% margin then. Total costs grew 9% against revenue growth of 16%. Net earnings were $3.6M, up 154% year over year. The effective tax rate was 1.7%.
Operating cash flow was $3.9M (down 71% year over year), 50% of net income including minority interests. Non-cash charges added back $217K of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $196K left free cash flow of $3.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 3, 2026 | $69.5M | +16% | 17.9% | $3.6M | $3.9M |
| Q1 2026 | 10-Q | May 4, 2026 | $57.9M | +102% | 8.9% | $1.5M | −$31.2M |
| Q4 2025 | 10-K | Mar 6, 2026 | $103M | +454% | 29.2% | $8.1M | −$2.1M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $84.2M | +166% | 25.8% | $4.6M | $22.4M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $59.9M | +454% | 12.5% | $1.4M | $13.3M |
| Q1 2025 | 10-Q | May 2, 2025 | $28.7M | +55% | 0.4% | $329K | −$6.4M |
| Q4 2024 | 10-K | Mar 12, 2025 | $18.5M | -46% | -29.7% | −$6.9M | $4.4M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Cohen
We are a Maryland corporation that incorporated on October 6, 2003. We are a financial services company specializing in an expanding range of capital markets and asset management services. Our business segments are Capital Markets, Asset Management, and Principal Investing. Our Capital Markets business segment consists of sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through our subsidiaries, Cohen Securities in the United States (the “U.S.”) and CCFESA in Europe. A division of Cohen Securities, Cohen & Company Capital Markets (“CCM”) is our full-service boutique investment bank providing capital markets and special purpose acquisition corporation ("SPAC") advisory services to corporations, financial sponsors, investors, and institutions.
In its own words, from its 10-K, filed Mar 6, 2026.
Cohen against its Security Brokers, Dealers & Flotation Companies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +13%. Operating margin: 17.9% against the peers' median 18.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| COHN Cohen | Q2 2026 | $69.5M | +16% | 17.9% |
| MS Morgan Stanley | Q3 2026 | $20.3B | +12% | 31.9% |
| GS Goldman Sachs Group | Q3 2026 | $18.7B | +23% | 37.5% |
| GLXY Galaxy Digital | Q3 2026 | $8.1B | -72% | 4.3% |
| BLK BlackRock | Q3 2026 | $7.8B | +19% | 30.0% |
| SCHW Schwab Charles | Q3 2026 | $7.2B | +17% | 52.7% |
| Jones Financial Companies Lllp | Q3 2026 | $5.2B | +13% | 0.0% |
| RJF Raymond James Financial | Q4 FY26 | $4.7B | +13% | 18.2% |
| JEF Jefferies Financial Group | Q3 FY26 | $3.2B | +11% | 10.9% |
Source: Cohen 10-Q on SEC EDGAR · CIK 1270436 · Security Brokers, Dealers & Flotation Companies
13F: who owns COHN and who is buying
More on COHN
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results