0001213900-26-057679
SEC filingSiebert Financial reported a net loss of $2.0M in Q1 2026, driven by an operating loss of $2.9M and the absence of prior-year unrealized gains.
Revenue for the three months ended March 31, 2026 was $23.5 million, a decrease of 18.8% from $28.9 million in the same period last year. The decline was primarily due to lower interest income and the absence of a prior-year unrealized gain, partially offset by growth in stock borrow/loan and investment banking activities.
Net loss was $2.0 million ($0.05 per diluted share) versus net income of $8.7 million ($0.22 per diluted share) in the prior year. The $10.6 million decline in net income was driven by the operating loss and lower other income.