BGC at a glance
BGC Group, Inc. (BGC, SEC CIK 1094831) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 28, 2026 and Form 4 insider filings as recently as August 31, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), BGC Group, Inc. (BGC) reported revenue of $2.4 billion (up 34.7% from FY2024) and net income of $155.0 million. Diluted EPS was $0.31.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding BGC Group, Inc. (BGC) shares worth $1.9 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.4B
- +34.7% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 34 funds
- $1.9B · −1 vs prior quarter
- Latest 8-K
- Sep 28, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Brokerage and financial services platform specializing in multi-asset brokerage revenues and market data services
- New emphasis on integration of acquired OTC Global, significantly boosting ECS revenues by 88.4% and front-office headcount by 16.1% to 2,510 personnel
- Strategic shift: Accelerated growth and scale via acquisitions and recruiting to outperform peers, with heightened focus on technology and unique compensation structure
- Notable metric: Total revenues rose 30.0% to $2.94 billion, driven by brokerage revenue growth of 32.4% and average revenue per front-office employee up 16.4% to $1.2 million
- Distinctive fact: Gain of $66.7 million on sale of kACE in 2025 contrasted with $38.8 million gain on sale of Capitalab in 2024, reflecting portfolio reallocation and monetization efforts
Risk Factors
- Regulatory risk: Potential new U.S. SEC and CFTC regulations on cryptocurrency offerings could impose licensing and reserve requirements, delaying product launches and increasing compliance burdens
- Geopolitical threat: Impact from 2025 U.S. sovereign credit rating downgrade by Moody’s causing financial market volatility and adverse effects on business and cash flows
- Operational vulnerability: Integration challenges from recent/future acquisitions and international expansion risking management distraction, regulatory compliance, and system consolidation delays
- Competitive disruption: Increased competition for acquisition targets may raise prices and limit growth opportunities, affecting strategic expansion and market share
- Financial risk: $1,775.7 million debt as of Dec 31, 2025 with variable interest rates exposing company to refinancing risks and increased interest expense impacting liquidity and income
Management Discussion & Analysis
- Forward-looking: Management highlights multiple macroeconomic, geopolitical, regulatory, operational, and technology-related risks, including inflation, geopolitical conflicts, regulatory changes, AI, cybersecurity, and capital market conditions impacting future results
AI summary of the BGC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Fenics revenue $186.2M, up 14.3% YoY; brokerage revenue $149.5M, up 17.4%
- Best segment ECS revenue $275.5M, up 5.3% YoY; worst Equities revenue $76.0M, up 2.8%
- Rates revenue $221.9M, up 10.6%; FX revenue $118.7M, up 9.4%; Credit revenue $79.3M, up 5.4%
- Cost program targeting $35M annual savings; $18.7M charges and $12.3M cash payments through June
- Outlook: favorable meaningful-rate environment and electronic-trading adoption; ECS headwind from Strait of Hormuz closure
Risk Factors
- No material changes to risk factors disclosed in the December 31, 2025 Form 10-K
- Carried-forward risks include market volatility and trading-volume sensitivity
- Regulatory compliance exposure remains relevant for financial-market activities
- Credit and liquidity risks remain linked to financing arrangements and counterparties
- Competitive risk persists across brokerage, market-making, and financial-technology businesses
AI summary of the BGC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Standard forward-looking statement caution covering BGC’s business, results, financial position, liquidity and outlook
- Actual outcomes may differ materially from expectations due to identified and undisclosed risks
Item EX-99.1: Item EX-99.1
- BGC reaffirmed its third-quarter 2026 revenue and pre-tax Adjusted Earnings outlook ranges, signaling no change to near-term expectations
- Outlook covers the quarter ending September 30, 2026, with results pending period-end reporting
Item 2.02: Results of Operations and Financial Condition
- Exhibit 99.1 contains BGC’s fiscal-year 2026 earnings information and dividend disclosure
- Forward-looking statements cover business results, financial position, liquidity, and outlook
Item 7.01: Regulation FD Disclosure
- Forward-looking statements cover BGC’s business, results, financial position, liquidity and outlook
- Actual outcomes could differ materially from expectations due to disclosed risks and uncertainties
Item EX-99.1: Item EX-99.1
- BGC reaffirmed its existing Q2 2026 revenue and pre-tax Adjusted Earnings outlook ranges, signaling no change to near-term expectations
- Outlook covers the quarter ending June 30, 2026, with results expected to be assessed against prior guidance
AI summaries of BGC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for BGC
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| AUBIN JEAN-PIERRE | D | Aug 28, 2026 | 373,191 | $12.12 |
| AUBIN JEAN-PIERRE | A | Apr 1, 2026 | 269,557 | - |
| MERKEL STEPHEN M | A | Apr 1, 2026 | 77,882 | $9.84 |
| MERKEL STEPHEN M | F | Apr 1, 2026 | 16,576 | $9.84 |
| Windeatt Sean A | A | Apr 1, 2026 | 268,498 | - |
| Windeatt Sean A | F | Apr 1, 2026 | 5,649 | $9.84 |
| Hauf Jason W. | A | Apr 1, 2026 | 42,835 | - |
| ABULARRAGE JOHN J. | A | Apr 1, 2026 | 350,727 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $1.6B | $1.8B | $2.4B |
| Net Income | $36.3M | $127.0M | $155.0M |
| Net Margin | 2.3% | 7.0% | 6.3% |
| Balance Sheet | |||
| Total Assets | $3.2B | $3.6B | $4.4B |
| Equity | $885.1M | $898.5M | $972.5M |
| ROE | 4.1% | 14.1% | 15.9% |
| Per Share | |||
| EPS | - | $0.25 | $0.31 |
| Cash Flow | |||
| Operating CF | $405.2M | $315.4M | $394.4M |
| CapEx | $14.9M | $29.6M | $21.5M |
Source: XBRL data in BGC Group, Inc. (BGC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate BGC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $1.88B |
| Q1 2026 | 35 | $1.68B |
| Q4 2025 | 32 | $1.52B |
| Q3 2025 | 33 | $1.67B |
| Q2 2025 | 36 | $1.76B |
| Q1 2025 | 29 | $1.07B |
| Q4 2024 | 24 | $903.4M |
| Q3 2024 | 21 | $419.8M |
- T. Rowe Price Group+3.53M (+804%)
- BlackRock+2.88M (+5%)
- FMR LLC (Fidelity)+1.95M (+23%)
- Vanguard Portfolio Management LLC+1.20M (+5%)
- State Street Corp+862.6K (+6%)
- D.E. Shaw & Co−1.01M (-71%)
- Two Sigma Investments−998.0K (-92%)
- Soros Fund Management−717.8K (-17%)
- Renaissance Technologies LLC−494.2K (-56%)
- Invesco Ltd−450.8K (-7%)
- Bridgewater Associates LP+162.3K
- Citadel Advisors LLC−5.87M
- Millennium Management−81.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 244 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
BGC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 28, 2026 | - | Analysis | - |
| 4 | Aug 31, 2026 | - | - | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 8-K | Jun 25, 2026 | - | Analysis | - |
| 8-K | May 15, 2026 | - | Analysis | |
| 10-Q | May 11, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis | |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 8-K | Mar 26, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 9, 2026 | - | - | - |
| 10-K | Mar 2, 2026 | Dec 31, 2025 | Analysis | |
| SC 13G | Feb 13, 2026 | - | - | |
| 8-K | Feb 12, 2026 | - | - | |
| 4 | Jan 23, 2026 | - | - | |
| 8-K | Dec 29, 2025 | - | - | |
| 10-Q | Nov 10, 2025 | Sep 30, 2025 | - | |
| 10-Q | Aug 11, 2025 | Jun 30, 2025 | - | |
| 10-Q | May 12, 2025 | Mar 31, 2025 | - |
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BGC SEC filings: frequently asked questions
Which institutions hold BGC stock?
As of June 30, 2026, the largest BGC Group, Inc. (BGC) holders among the 13F filers tracked by SignalX were BlackRock ($614.4 million), Vanguard Portfolio Management LLC ($275.2 million), Vanguard Capital Management LLC ($178.0 million), State Street Corp ($164.0 million), FMR LLC (Fidelity) ($113.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was BGC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), BGC Group, Inc. (BGC) reported revenue of $2.4 billion (up 34.7% from FY2024) and net income of $155.0 million. Diluted EPS was $0.31. The figures come from the XBRL data in the 10-K.
What are the main risks in BGC's latest 10-K?
In the 10-K filed March 2, 2026, BGC Group, Inc. (BGC) flagged: Regulatory risk: Potential new U.S. SEC and CFTC regulations on cryptocurrency offerings could impose licensing and reserve requirements, delaying product launches and increasing compliance burdens. Geopolitical threat: Impact from 2025 U.S. sovereign credit rating downgrade by Moody’s causing financial market volatility and adverse effects on business and cash flows. (AI summary of the Risk Factors section.)
What did BGC report in its latest 8-K?
BGC Group, Inc. (BGC) filed an 8-K on September 28, 2026 reporting Item 7.01 (Regulation FD Disclosure). Standard forward-looking statement caution covering BGC’s business, results, financial position, liquidity and outlook.
What are the latest BGC SEC filings?
BGC Group, Inc. (BGC) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 28, 2026 and a Form 4 insider filing on August 31, 2026.
What is BGC's SEC CIK number?
BGC Group, Inc. (BGC)'s SEC Central Index Key (CIK) is 1094831. EDGAR lists every BGC filing under that number.
Ask anything about BGC
The research agent reads BGC's filings, financials, insider trades and 13F holders, then answers with sources.