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Siebert Financial (SIEB) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Siebert Financial (SIEB) Q2 2026 earnings results →
Q2 2026 Revenue up 110% year over year to $31.2M · 1¢ of every $1 of revenue lost · operating margin -1.5%
Siebert Financial made $31.2M in Q2 2026 (+110% Y/Y): Revenues from Contracts with Customers $21.7M, Revenue Outside the Scope of Topic 606 $9.5M. Operating margin -1.5%, net loss $326K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 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 $31.2M in Q2 2026, up 110% year over year and up 33% from the previous quarter. Stock borrow / stock loan was the largest line at 35% of revenue. Principal transactions and proprietary trading added $10.1M year over year, 62% of the total change. Market making declined 33%.
Operating costs exceeded revenue by $472K, an operating margin of -1.5%. Total costs grew 53% against revenue growth of 110%. The quarter ended with a net loss of $326K, narrower than the previous quarter's $2.0M loss.
Operating cash flow was −$2.6M. Non-cash charges added back $671K of depreciation and amortization and $368K of share-based compensation. Working capital and other items used $3.3M. Capital expenditures of $91K exceeded it, leaving free cash flow of −$2.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $31.2M | +110% | -1.5% | −$326K | −$2.6M |
| Q1 2026 | 10-Q | May 15, 2026 | $23.5M | -19% | -12.2% | −$2.0M | −$26.1M |
| Q4 2025 | 10-K | Mar 30, 2026 | $23.6M | +18% | -5.5% | −$445K | $402K |
| Q3 2025 | 10-Q | Nov 12, 2025 | $26.8M | +19% | 8.1% | $1.6M | $43.7M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $14.9M | -29% | -39.2% | −$4.7M | $631K |
| Q1 2025 | 10-Q | May 13, 2025 | $28.9M | +41% | 36.3% | $8.7M | −$34.5M |
| Q4 2024 | 10-K | Mar 31, 2025 | $20.0M | +2% | 9.7% | $1.7M | $63.2M |
Charts
Interactive views
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💵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 Siebert Financial
Siebert Financial Corp., together with its subsidiaries, is a diversified financial services firm and provides a full range of brokerage and financial advisory services including securities brokerage, investment advisory and insurance offerings, and corporate stock plan administration solutions. Our firm is characterized by building solid relationships with our clients through exceptional personal service and proven performance. We have a strong legacy and continue to evolve in our approach to take advantage of opportunities in the financial services industry. As part of our strategic initiatives to diversify and create synergies between our enterprises, we acquired a media and entertainment company.
In its own words, from its 10-K, filed Mar 30, 2026.
Siebert Financial against its Security Brokers, Dealers & Flotation Companies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +110% against the peers' median +13%. Operating margin: -1.5% against the peers' median 18.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SIEB Siebert Financial | Q2 2026 | $31.2M | +110% | -1.5% |
| 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: Siebert Financial 10-Q on SEC EDGAR · CIK 65596 · Security Brokers, Dealers & Flotation Companies
13F: who owns SIEB and who is buying
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results