Filing Flows › Siebert Financial (SIEB) › Q3 2025
Siebert Financial (SIEB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Siebert Financial (SIEB) reported revenue of $26.8M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +80% from the quarter before. Operating margin was 8.1%, net earnings $1.6M (6.0% of revenue).
Siebert Financial, Q3 2025: revenue $26.8M (+19% year over year), operating margin 8.1%, net earnings $1.6M, operating cash flow $43.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.8M | +80% | +19% |
| Operating profit | $2.2M | — | -55% |
| Net earnings | $1.6M | — | -58% |
| Operating cash flow | $43.7M | 69× | 15× |
| Free cash flow | $43.3M | 76× | 15× |
What changed
Revenue was $26.8M in Q3 2025, up 19% year over year and up 80% from the previous quarter.
Operating profit was $2.2M, a 8.1% margin (down 13.3 points year over year). Operating profit fell $2.7M even though revenue rose $4.3M versus a year earlier, so costs grew faster than sales. Total costs grew 39% against revenue growth of 19%. Net earnings were $1.6M, down 58% year over year. The effective tax rate was 25.8%.
Operating cash flow was $43.7M (up 1379% year over year), 2689% of net earnings. Non-cash charges added back $649K of depreciation and amortization and $256K of share-based compensation. Working capital and other items added $41.1M. Capital expenditures of $321K left free cash flow of $43.3M.
Questions
What was Siebert Financial's revenue in the third quarter 2025?
Siebert Financial (SIEB) reported revenue of $26.8M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +80% from the quarter before.
Was Siebert Financial profitable in the third quarter 2025?
Operating profit was $2.2M (8.1% of revenue) and net earnings $1.6M.
Source: Siebert Financial 10-Q on SEC EDGAR.