Filing Flows › Siebert Financial (SIEB) › Q2 2025
Siebert Financial (SIEB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Siebert Financial (SIEB) reported revenue of $14.9M for the second quarter 2025 (Q2 2025), -29% from a year earlier and -49% from the quarter before. Operating margin was -39.2%, net loss $4.7M (31.7% of revenue).
Siebert Financial, Q2 2025: revenue $14.9M (-29% year over year), operating margin -39.2%, net loss $4.7M, operating cash flow $631K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.9M | -49% | -29% |
| Operating profit | −$5.8M | -156% | — |
| Net earnings | −$4.7M | -154% | — |
| Operating cash flow | $631K | — | -97% |
| Free cash flow | $570K | — | -97% |
What changed
Revenue was $14.9M in Q2 2025, down 29% year over year and down 49% from the previous quarter.
Operating costs exceeded revenue by $5.8M, an operating margin of -39.2%. Total costs grew 35% against a revenue fall of 29%. The quarter ended with a net loss of $4.7M, after a profit of $8.7M the previous quarter.
Operating cash flow was $631K (down 97% year over year). Non-cash charges added back $629K of depreciation and amortization and $435K of share-based compensation. Working capital and other items added $4.3M. Capital expenditures of $61K left free cash flow of $570K.
Questions
What was Siebert Financial's revenue in the second quarter 2025?
Siebert Financial (SIEB) reported revenue of $14.9M for the second quarter 2025 (Q2 2025), -29% from a year earlier and -49% from the quarter before.
Was Siebert Financial profitable in the second quarter 2025?
Operating loss was $5.8M (-39.2% of revenue) and net loss $4.7M.
Source: Siebert Financial 10-Q on SEC EDGAR.