Short answer
SIEBERT FINANCIAL CORP (SIEB) filed its fiscal 2024 10-K annual report with the SEC on Mar 31, 2025. It reported revenue of $84M (+17.3% year over year) and net income of $13M.
- Top risk flagged: Nasdaq mandatory clawback policy for incentive-based compensation attached to accounting restatements, enforced by Compensation Committee discretion
FY2024 key financial metrics · XBRL
- Revenue
- $84M
- +17.3% YoY
- Net income
- $13M
- +69.8% YoY
- Operating margin
- 20.8%
- −4.5 pp YoY
- EPS (diluted)
- $0.33
- +57.1% YoY
- ROE
- 15.8%
- +4.6 pp YoY
- Operating cash flow
- $10M
- +133.2% YoY
Source: XBRL data from the SIEBERT FINANCIAL CORP (SIEB) FY2024 10-K on SEC EDGAR. USD.
SIEBERT FINANCIAL CORP FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core financial services firm with brokerage, advisory, insurance, tech development, and newly acquired media/entertainment segment
- Strategic launch of Investment Banking and Capital Markets division in Q1 2025 targeting underserved middle-market clients
- Shift of Corporate Services from transaction focus to enhanced client experience with new equity management tech solutions in development
- Employee count 146 as of March 11, 2025, with significant tech investments including mobile trading app and retail platform development
- Formation of high-profile advisory committee in 2024 including artist Akon, linking entertainment and financial services sectors
Management Discussion & Analysis
- No segment performance or comparative YoY numbers given
- Forward-looking risks: economic downturns, market and interest rate risks, liquidity, credit, regulatory and operational risks detailed
- Management emphasizes uncertainty and potential variability in future results due to outlined risk factors
Risk Factors
- Nasdaq mandatory clawback policy for incentive-based compensation attached to accounting restatements, enforced by Compensation Committee discretion
- Significant shareholder Kakaopay owns 20% of shares, exposing Company to influence from South Korean geopolitical or regulatory risks
- Supply chain risk via reliance on Co-CEOs John M. and Richard Gebbia with historic ties to StockCross acquisition and brokerage operations
- Competitive risk from alternative trading platforms, with no current equity awards outstanding to executives, possibly limiting retention vs rivals offering equity incentives
- Insider trading exposures include 10b5-1 trading plans expiring May 16, 2025, for up to 920,000 common shares, posing stock price volatility risks
Generated from the filing text; verify against the original. How to read a 10-K
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