Binah Capital Group Reports Results for Third Quarter of 2026

(NASDAQ:BCG) Binah Capital Group, Inc. announced its financial results for the third quarter and nine months ended September 30, 2026. Total advisory and brokerage assets under management as of September 30, 2026, grew 5.0% year-over-year to $31.4 billion, compared to $29.9 billion in the third quarter of 2025. Total revenue for the third quarter was approximately $50.6 million, representing a 9.4% increase from $46.2 million in the same period in 2025. GAAP net income for the third quarter rose to $2.6 million, a 44.4% increase compared to $1.8 million in the third quarter of 2025. Gross profit for the quarter was $10.0 million, up 11.1% from $9.0 million in the prior-year period. GAAP diluted earnings per share (EPS) was $0.13, compared to $0.08 in the prior year quarter, an increase of 62.5%. EBITDA for the third quarter was $4.7 million, a 74.1% increase from $2.7 million in the prior year quarter. Adjusted EBITDA was $4.9 million, up 69.0% from $2.9 million in the prior year quarter. As of September 30, 2026, the company had cash and cash equivalents of $13.2 million and outstanding long-term debt of $16.7 million. For the three months ended September 30, 2026, commissions revenue was $41,259,000 and advisory fees were $8,145,000. For the nine months ended September 30, 2026, commissions revenue was $119,074,000 and advisory fees were $22,805,000. Net income for the nine months ended September 30, 2026, was $4,885,000, compared to $2,141,000 for the same period in 2025. Net income per share basic and diluted for the nine months ended September 30, 2026, was $0.22, compared to $0.06 for the same period in 2025. As of September 30, 2026, total assets were $73,130,000, compared to $70,215,000 as of December 31, 2025. Accounts payable, accrued expenses and other liabilities were $11,473,000 as of September 30, 2026, compared to $13,103,000 as of December 31, 2025. Notes payable, net of unamortized debt issuance costs, were $16,267,000 as of September 30, 2026, compared to $17,679,000 as of December 31, 2025. Redeemable Series A Convertible Preferred Stock had a value of $16,229,000 as of September 30, 2026. Series B Convertible Preferred Stock had a value of $1,500,000 as of September 30, 2026. Common stock had a par value of $0.0001, with 17,060,131 shares issued and outstanding as of September 30, 2026. Additional paid-in-capital was $23,221,000 as of September 30, 2026. Accumulated deficit was $(17,612,000) as of September 30, 2026. Accumulated other comprehensive income was $125,000 as of September 30, 2026. For the three months ended September 30, 2026, interest and other income was $1,157,000. For the nine months ended September 30, 2026, interest and other income was $3,899,000. For the three months ended September 30, 2026, total expenses were $46,515,000. For the nine months ended September 30, 2026, total expenses were $138,651,000. For the three months ended September 30, 2026, provision for income taxes was $1,400,000. For the nine months ended September 30, 2026, provision for income taxes was $2,242,000. For the three months ended September 30, 2026, weighted average shares outstanding basic and diluted were 17,060,000. For the nine months ended September 30, 2026, weighted average shares outstanding basic and diluted were 16,875,000. Gross profit is defined as total revenue net of commissions paid to financial advisors and registered representatives and other fees that generate the revenue. EBITDA is defined as net income plus interest expense, provision for income taxes, and depreciation and amortization. Adjusted EBITDA is defined as EBITDA plus share-based compensation costs. Craig Gould, Chief Executive Officer of Binah Capital, stated that the company’s third quarter results demonstrate momentum in accelerating growth in wealth management and improved performance across key metrics. The company’s management believes that gross profit, EBITDA, and Adjusted EBITDA are useful financial metrics for understanding the company’s core operating performance.