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Ionic Digital vs Binah Capital Group: IOND and BCG compared
Ionic Digital is the larger company: $48.6M of revenue in its latest quarter (Q2 FY26) against $46.5M for Binah Capital Group (Q2 2026). Ionic Digital is growing faster (+31% against +12% a year earlier). Binah Capital Group is more profitable, with an operating margin of 0.9% against -16.9%.
Where the money goes: IOND and BCG
Ionic Digital (IOND) · Q2 FY26
Ionic Digital, Q2 FY26: revenue $48.6M (+31% year over year), operating margin -16.9%, net loss $35.3M. The chart follows the revenue to costs, profit and cash.
Binah Capital Group (BCG) · Q2 2026
Binah Capital Group, Q2 2026: revenue $46.5M (+12% year over year), operating margin 0.9%, net earnings $337K, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Ionic Digital (IOND) | Binah Capital Group (BCG) | |
|---|---|---|
| Latest quarter | Q2 FY26 | Q2 2026 |
| Revenue | $48.6M | $46.5M |
| Revenue growth, Y/Y | +31% | +12% |
| Operating margin | -16.9% | 0.9% |
| Net earnings | −$35.3M | $337K |
| Net margin | -72.6% | 0.7% |
| Operating cash flow | — | $1.1M |
| Free cash flow | — | $1.1M |
Where the revenue comes from
Ionic Digital
- Digital infrastructure leasing: $43.8M (90%)
- Cryptocurrency mining: $4.8M (10%)
Binah Capital Group
- Variable annuities and other insurance commissions: $26.7M (57%)
- Advisory fees: $7.4M (16%)
- Mutual fund commissions: $6.7M (15%)
- Securities commissions: $3.0M (6%)
Questions
Which is bigger, Ionic Digital or Binah Capital Group?
Ionic Digital is the larger company: $48.6M of revenue in its latest quarter (Q2 FY26) against $46.5M for Binah Capital Group (Q2 2026).
Is Ionic Digital or Binah Capital Group growing faster?
Ionic Digital is growing faster (+31% against +12% a year earlier).
Which is more profitable, Ionic Digital or Binah Capital Group?
Binah Capital Group is more profitable, with an operating margin of 0.9% against -16.9%.
More: Ionic Digital earnings · how Ionic Digital makes money · Binah Capital Group earnings · how Binah Capital Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 1, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.