Filing Flows › Siebert Financial (SIEB) › Q1 2026 › vs Q1 2025
Siebert Financial (SIEB) Q1 2026 vs Q1 2025 (year over year)
Siebert Financial's revenue fell $5.4M (-19%) from $28.9M in Q1 2025 to $23.5M in Q1 2026. The biggest changes: Principal Transactions and Proprietary Trading −$9.0M (-70%); Revenues From Contracts with Customers +$1.4M (+10%); Advisory Fees +$262K (+35%).
Siebert Financial, Q1 2026: revenue $23.5M (-19% year over year), operating margin -12.2%, net loss $2.0M, operating cash flow −$26.1M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Stock Borrow Stock Loan | $6.8M | $4.8M | $2.0M | +41% |
| Interest Marketing and Distribution Fees | $5.9M | $6.9M | −$1.1M | -15% |
| Commissions and Fees | $2.3M | $2.1M | $223K | +11% |
| Other Incomes | $1.0M | $774K | $267K | +34% |
| Revenues From Contracts with Customers | $16.1M | $14.7M | $1.4M | +10% |
| Principal Transactions and Proprietary Trading | $3.9M | $13.0M | −$9.0M | -70% |
| Advisory Fees | $1.0M | $748K | $262K | +35% |
| Market Making | $545K | $552K | −$7K | -1% |
| Revenue | $23.5M | $28.9M | −$5.4M | -19% |
| Income tax benefit | $895K | −$1.8M | $2.7M | — |
| Net loss | $2.0M | −$8.7M | $10.6M | — |
| Costs & expenses | $26.3M | $28.9M | −$2.6M | -9% |
| Operating costs | $26.3M | $18.4M | $7.9M | +43% |
| Operating cash sources | $27.6M | $35.4M | −$7.8M | -22% |
| Depreciation & amortization | $690K | $415K | $275K | +66% |
| Share-based compensation | $832K | $554K | $278K | +50% |
| Cash used in operations | $26.1M | $34.5M | −$8.4M | -24% |
| Net loss absorbed | $2.0M | −$8.7M | $10.6M | — |
| Working capital & other | $25.7M | $44.1M | −$18.4M | -42% |
Questions
How much did Siebert Financial's revenue grow year over year in Q1 2026?
Siebert Financial's revenue fell $5.4M (-19%) from $28.9M in Q1 2025 to $23.5M in Q1 2026.
What drove Siebert Financial's revenue change in Q1 2026?
Principal Transactions and Proprietary Trading −$9.0M (-70%); Revenues From Contracts with Customers +$1.4M (+10%); Advisory Fees +$262K (+35%).