Filing Flows › Siebert Financial (SIEB) › Q2 2026
Siebert Financial (SIEB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Siebert Financial (SIEB) reported revenue of $31.2M for the second quarter 2026 (Q2 2026), +110% from a year earlier and +33% from the quarter before. Operating margin was -1.5%, net loss $326K (1.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.2M | +33% | +110% |
| Operating profit | −$472K | — | — |
| Net earnings | −$326K | — | — |
| Operating cash flow | −$2.6M | — | -506% |
What changed
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.
Questions
What was Siebert Financial's revenue in the second quarter 2026?
Siebert Financial (SIEB) reported revenue of $31.2M for the second quarter 2026 (Q2 2026), +110% from a year earlier and +33% from the quarter before.
Was Siebert Financial profitable in the second quarter 2026?
Operating loss was $472K (-1.5% of revenue) and net loss $326K.
Source: Siebert Financial 10-Q on SEC EDGAR.