Filing Flows › Siebert Financial (SIEB) › Q4 2025
Siebert Financial (SIEB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 30, 2026
Siebert Financial (SIEB) reported revenue of $23.6M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -12% from the quarter before. Operating margin was -5.5%, net loss $445K (1.9% of revenue).
Siebert Financial, Q4 2025: revenue $23.6M (+18% year over year), operating margin -5.5%, net loss $445K, operating cash flow $402K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.6M | -12% | +18% |
| Operating profit | −$1.3M | -159% | -166% |
| Net earnings | −$445K | -127% | -126% |
| Operating cash flow | $402K | -99% | -99% |
| Free cash flow | $295K | -99% | -99% |
What changed
Revenue was $23.6M in Q4 2025, up 18% year over year and down 12% from the previous quarter.
Operating costs exceeded revenue by $1.3M, an operating margin of -5.5%. Total costs grew 37% against revenue growth of 18%. The quarter ended with a net loss of $445K, after a profit of $1.6M the previous quarter.
Operating cash flow was $402K (down 99% year over year). Non-cash charges added back $706K of depreciation and amortization and $294K of share-based compensation. Working capital and other items used $153K. Capital expenditures of $107K left free cash flow of $295K.
Questions
What was Siebert Financial's revenue in the fourth quarter 2025?
Siebert Financial (SIEB) reported revenue of $23.6M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -12% from the quarter before.
Was Siebert Financial profitable in the fourth quarter 2025?
Operating loss was $1.3M (-5.5% of revenue) and net loss $445K.
Source: Siebert Financial 10-K on SEC EDGAR.