10-Q quarterly report · filed Nov 12, 2025

SIEBERT FINANCIAL CORP (SIEB) Q3 2025 10-Q Quarterly Report

Short answer

SIEBERT FINANCIAL CORP (SIEB) filed its Q3 2025 10-Q quarterly report on Nov 12, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $27M (up 19.0% year over year) with net income of $2M.

Q3 2025 key financials · XBRL

Revenue
$27M
+19.0% YoY · +80.5% QoQ
Net income
$2M
−57.6% YoY · +134.4% QoQ
Operating margin
8.1%
EPS (diluted)
$0.04
−60.0% YoY · +133.3% QoQ

Source: XBRL data from the SIEBERT FINANCIAL CORP (SIEB) Q3 2025 10-Q on SEC EDGAR. USD.

SIEBERT FINANCIAL CORP Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: music master acquisition integration risk from Q2 2025 $441K BMLG asset purchase affecting operations and future profitability
  • Material update: increased employee compensation +$4.5M tied to new tech hires, expansion into investment banking, and active trader servicing
  • Regulatory risk: MSCO credit line covenants require $45M minimum regulatory capital and $20M minimum excess net capital to maintain compliance
  • Market risk: stock borrow/loan revenues surged 73.7% YoY to $10M in Q3 2025 due to growth in securities lending and stock locate services
  • Financial risk: cash decreased from $32.6M to $19.6M in nine months, with $1M drawn on $20M East West Bank credit facility maturing July 2027

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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