SIEBERT FINANCIAL CORP (SIEB) FY2024 10-K Annual Report
SIEBERT FINANCIAL CORP (SIEB) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 31, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
SIEBERT FINANCIAL CORP FY2024 10-K Analysis
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
- • Revenue and profitability figures not disclosed in provided text
- • No segment performance or comparative YoY numbers given
- • No cash flow, buybacks, dividends, or capital expenditure details available
- • 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
SIEBERT FINANCIAL CORP FY2024 Key Financial MetricsXBRL
Revenue
$84M
▲ +17.3% YoY
Net Income
$13M
▲ +69.8% YoY
Operating Margin
20.8%
▼ -453bp YoY
Net Margin
15.8%
▲ +489bp YoY
ROE
15.8%
▲ +458bp YoY
Total Assets
$520M
▼ -35.2% YoY
EPS (Diluted)
$0.33
▲ +57.1% YoY
Operating Cash Flow
$10M
▲ +133.2% YoY
Source: XBRL data from SIEBERT FINANCIAL CORP FY2024 10-K filing on SEC EDGAR. All figures in USD.
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