Filing Flows › Siebert Financial (SIEB) › Q1 2026
Siebert Financial (SIEB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Siebert Financial (SIEB) reported revenue of $23.5M for the first quarter 2026 (Q1 2026), -19% from a year earlier and -0.4% from the quarter before. Operating margin was -12.2%, net loss $2.0M (8.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.5M | -0.4% | -19% |
| Operating profit | −$2.9M | — | -127% |
| Net earnings | −$2.0M | — | -123% |
| Operating cash flow | −$26.1M | -6594% | — |
What changed
Revenue was $23.5M in Q1 2026, down 19% year over year and roughly flat from the previous quarter. Stock Borrow Stock Loan was the largest line at 29% of revenue. Principal Transactions and Proprietary Trading lost $9.0M year over year (down 70%), 166% of the total change.
Operating costs exceeded revenue by $2.9M, an operating margin of -12.2%. Total costs grew 43% against a revenue fall of 19%. The quarter ended with a net loss of $2.0M, wider than the previous quarter's $445K loss.
Operating cash flow was −$26.1M. Non-cash charges added back $690K of depreciation and amortization and $832K of share-based compensation. Working capital and other items used $25.7M. Capital expenditures of $67K exceeded it, leaving free cash flow of −$26.2M.
Questions
What was Siebert Financial's revenue in the first quarter 2026?
Siebert Financial (SIEB) reported revenue of $23.5M for the first quarter 2026 (Q1 2026), -19% from a year earlier and -0.4% from the quarter before.
Was Siebert Financial profitable in the first quarter 2026?
Operating loss was $2.9M (-12.2% of revenue) and net loss $2.0M.
Source: Siebert Financial 10-Q on SEC EDGAR.