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How Siebert Financial (SIEB) makes money
Siebert Financial (SIEB) made $31.2M of revenue in the second quarter 2026 (Q2 2026), +479% from a year earlier. Revenues from Contracts with Customers brought in $21.7M (70%); Revenue Outside the Scope of Topic 606 brought in $9.5M (30%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Revenues from Contracts with Customers | $21.7M | 69.7% | +51% | +304% |
| ↳ Stock borrow / stock loan | $10.8M | 34.6% | +58% | +43% |
| ↳ Principal transactions and proprietary trading | $6.1M | 19.5% | +55% | — |
| ↳ Investment Banking | $2.4M | 7.8% | +55% | 12× |
| ↳ Other income | $1.4M | 4.4% | +31% | +62% |
| ↳ Advisory fees | $1.0M | 3.3% | +2% | +31% |
| Revenue Outside the Scope of Topic 606 | $9.5M | 30.3% | +4% | — |
| ↳ Interest, marketing and distribution fees | $6.2M | 19.8% | +5% | -10% |
| ↳ Commissions and fees | $2.7M | 8.5% | +14% | +32% |
| ↳ Market making | $334K | 1.1% | -39% | -33% |
| ↳ Music and artist services revenue | $169K | 0.5% | -32% | +50% |
| ↳ NIL revenue | $112K | 0.4% | +18% | — |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $31.2M | 100.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $31.2M | +110% |
| Q1 2026 | $23.5M | -19% |
| Q4 2025 | $23.6M | +18% |
| Q3 2025 | $26.8M | +19% |
| Q2 2025 | $14.9M | -29% |
| Q1 2025 | $28.9M | +41% |
| Q4 2024 | $20.0M | +2% |
From Siebert Financial's 10-Q filed Aug 11, 2026 (on EDGAR).
Questions
How does Siebert Financial make money?
Siebert Financial (SIEB) made $31.2M of revenue in the second quarter 2026 (Q2 2026), +479% from a year earlier. Revenues from Contracts with Customers brought in $21.7M (70%); Revenue Outside the Scope of Topic 606 brought in $9.5M (30%).
What is Siebert Financial's biggest business?
Revenues from Contracts with Customers: $21.7M in the second quarter 2026, 70% of revenue, +304% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.