Filing Flows › Siebert Financial (SIEB) › Q2 2026 › vs Q1 2026
Siebert Financial (SIEB) Q2 2026 vs Q1 2026 (quarter over quarter)
Siebert Financial's revenue rose $7.7M (+33%) from $23.5M in Q1 2026 to $31.2M in Q2 2026. The biggest changes: Revenues from Contracts with Customers +$7.3M (+51%); Revenue Outside the Scope of Topic 606 +$373K (+4%).
Siebert Financial, Q2 2026: revenue $31.2M (+110% year over year), operating margin -1.5%, net loss $326K, operating cash flow −$2.6M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Stock borrow / stock loan | $10.8M | $6.8M | $4.0M | +58% |
| Interest, marketing and distribution fees | $6.2M | $5.9M | $311K | +5% |
| Principal transactions and proprietary trading | $6.1M | $3.9M | $2.2M | +55% |
| Commissions and fees | $2.7M | $2.3M | $335K | +14% |
| Investment Banking | $2.4M | $1.6M | $862K | +55% |
| Other income | $1.4M | $1.0M | $320K | +31% |
| Advisory fees | $1.0M | $1.0M | $25K | +2% |
| Market making | $334K | $545K | −$211K | -39% |
| Music and artist services revenue | $169K | $248K | −$79K | -32% |
| NIL revenue | $112K | $95K | $17K | +18% |
| Revenues from Contracts with Customers | $21.7M | $14.4M | $7.3M | +51% |
| Revenue Outside the Scope of Topic 606 | $9.5M | $9.1M | $373K | +4% |
| Revenue | $31.2M | $23.5M | $7.7M | +33% |
| Income tax benefit | $146K | $895K | −$749K | -84% |
| Net loss | $326K | $2.0M | −$1.6M | -83% |
| Costs & expenses | $31.6M | $26.3M | $5.3M | +20% |
| Operating costs | $31.6M | $26.3M | $5.3M | +20% |
| Operating cash sources | $3.6M | $27.6M | −$24.0M | -87% |
| Depreciation & amortization | $671K | $690K | −$19K | -3% |
| Share-based compensation | $368K | $832K | −$464K | -56% |
| Cash used in operations | $2.6M | $26.1M | −$23.5M | -90% |
| Net loss absorbed | $326K | $2.0M | −$1.6M | -83% |
| Working capital & other | $3.3M | $25.7M | −$22.4M | -87% |
Questions
How much did Siebert Financial's revenue grow quarter over quarter in Q2 2026?
Siebert Financial's revenue rose $7.7M (+33%) from $23.5M in Q1 2026 to $31.2M in Q2 2026.
What drove Siebert Financial's revenue change in Q2 2026?
Revenues from Contracts with Customers +$7.3M (+51%); Revenue Outside the Scope of Topic 606 +$373K (+4%).