Binah Capital Group, Inc. (BCG) Form 10-Q — Aug 13, 2026
Binah Capital Group reported Q2 2026 revenue of $46.5 million, up 12% from $41.5 million a year earlier, and swung to net income of $0.3 million from a $(0.7) million loss. For the first half of 2026, revenue reached $95.2 million with net income of $2.2 million and basic EPS of $0.09, versus a loss in the prior-year period. Assets under administration grew to $31.6 billion, with advisory assets up 20.5% to $3.3 billion, but organic flows were sharply negative: net new assets were $(2.2) billion in the quarter and $(1.7) billion for the half, mostly from brokerage accounts.
Key figures
- Eps
- $0.09 basic / $0.08 diluted (H1 2026); $(0.00) Q2 after preferred dividends
- Revenue
- $95.2 million (H1 2026); $46.5 million (Q2 2026)
- Net Income
- $2.2 million (H1 2026); $0.3 million (Q2 2026) vs. $0.4 million and $(0.7) million a year ago
- Total Debt
- ~$22.0 million ($16.7 million Byline Bank term loan + $5.3 million affiliate promissory notes)
- Revenue Yoy
- +5.3% H1 YoY; +12.1% Q2 YoY
- Cash Position
- $10.9 million (including $0.5 million restricted)
- Shares Outstanding
- 17060131
- Ebitda H1
- $4.3 million
- Total Equity
- $20.8 million
- Gross Profit H1
- $20.0 million (+15.3% YoY)
- Advisory Assets
- $3.3 billion (+20.5% YoY)
- Net New Assets H1
- -$1.7 billion
- Net New Assets Q2
- -$2.2 billion
- Brokerage Assets
- $28.3 billion (+12.7% YoY)
- Adjusted Ebitda H1
- $4.8 million
- Term Loan Maturity
- December 23, 2029
- Total Liabilities
- $50.4 million
- Accumulated Deficit
- $(20.3) million
- Warrant Strike Price
- $11.50
- Operating Cash Flow H1
- $1.7 million
- Warrants Outstanding
- 15147958
- Effective Interest Rate
- 7.5%
- Series APreferred Dividend Rate
- 9%
- Series BPreferred Dividend Rate
- 7%
- Total Advisory Brokerage Assets
- $31.6 billion (vs. $27.8 billion a year ago)
Price after filing
Close on the filing date to close N calendar days later (from $1.55). Historical, not a forecast.
AI analysis
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