BCG · Binah Capital Group, Inc.

Binah Capital Group completed its first full year as a public company with a significant financial turnaround, reporting GAAP net income of $2.3 million for the full year 2025 compared to a net loss of $4.6 million in 2024. This profitability milestone was supported by double-digit top-line growth, as total revenue increased 10.7% year-over-year to $187.1 million. The revenue growth was accompanied by an 11% increase in total advisory and brokerage assets to $29.9 billion, indicating successful expansion of the company's asset base. Gross profit for the year improved to $37.8 million from $33.7 million in the prior year. Operating performance, as measured by EBITDA, strengthened considerably to $5.4 million from $1.9 million in the prior year, although Adjusted EBITDA growth was more modest, increasing to $6.5 million from $6.3 million, reflecting the exclusion of non-recurring business combination and refinancing costs that impacted the 2024 results. In the fourth quarter specifically, the company reported GAAP net income of $0.2 million, reversing a $1.1 million loss from the same period in 2024. CEO Craig Gould attributed the performance to the growth of the differentiated platform and the contributions of the expanding team. The company maintained a liquidity position of $10.7 million in cash and cash equivalents and carried $17.7 million in outstanding long-term debt as of December 31, 2025.