Cohen & Co Inc. (COHN) Financial Statements (2025 and earlier)

Company Profile

Business Address CIRA CENTRE, 2929 ARCH STREET
PHILADELPHIA, PA 19104-2870
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,65029,10150,56741,9968,30414,106
Cash and cash equivalents10,65029,10150,56741,9968,30414,106
Prepaid expense 235    40
Total current assets:10,88529,10150,56741,9968,30414,146
Noncurrent Assets
Operating lease, right-of-use asset7,5419,64710,2736,0637,155
Property, plant and equipment 1,2821,4721,4567999161,133
Long-term investments and receivables14,2418,92948,23813,4823,799 
Long-term investments14,2418,92948,23813,4823,799 
Intangible assets, net (including goodwill)2752752752758,1588,158
Goodwill1091091091097,9927,992
Intangible assets, net (excluding goodwill)166166166166166166
Deferred income tax assets1,5806,9349,4687,397 
Total noncurrent assets:24,91927,25769,71028,01620,0289,291
Other undisclosed assets736,957830,6973,533,9826,079,3677,973,2925,631,015
TOTAL ASSETS:772,761887,0553,654,2596,149,3798,001,6245,654,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1181,5651,5481,048729721
Employee-related liabilities1,5481,048729721
Accrued liabilities2,1181,565    
Debt408,203452,7973,171,4155,713,2127,534,4435,210,587
Total current liabilities:410,321454,3623,172,9635,714,2607,535,1725,211,308
Noncurrent Liabilities
Liabilities, other than long-term debt     1,339 
Deferred income tax liabilities     1,339
Total noncurrent liabilities:     1,339 
Other undisclosed liabilities270,643338,667331,790333,682416,357400,706
Total liabilities:680,964793,0293,504,7536,047,9427,952,8685,612,014
Equity
Equity, attributable to parent41,68246,73961,41543,90933,31935,774
Preferred stock27272727275
Common stock191717131212
Additional paid in capital74,59472,80172,00665,03168,71468,591
Accumulated other comprehensive loss(944)(955)(905)(821)(915)(908)
Accumulated deficit(32,014)(25,151)(9,730)(20,341)(34,519)(31,926)
Equity, attributable to noncontrolling interest50,11547,28788,09157,52815,4376,664
Total equity:91,79794,026149,506101,43748,75642,438
TOTAL LIABILITIES AND EQUITY:772,761887,0553,654,2596,149,3798,001,6245,654,452

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues82,98144,387146,36866,36549,66649,386
Principal transactions revenue, net  38,17229,298
Gain on disposition of assets for financial service operations18,96212,58321,10331,269  
Cost of revenue(14,169)(13,350)(13,672) (13,084)(10,242)
Gross profit:68,81231,037132,69666,36536,58239,144
Operating expenses(61,951)(59,000)(93,103)(69,708)(32,541)(35,485)
Other undisclosed operating income    41,118  
Operating income (loss):6,861(27,963)39,59337,7754,0413,659
Nonoperating income
(Other Nonoperating income)
   2,127   
Interest and debt expense(31,339)(33,701)2,127(66,203)(509)(8,487)
Income (loss) from continuing operations before equity method investments, income taxes:(24,478)(61,664)43,847(28,428)3,532(4,828)
Income (loss) from equity method investments15,609(20,931)36,010(244)(553) 
Other undisclosed income (loss) from continuing operations before income taxes24,81328,719(9,360)64,252(7,075) 
Income (loss) from continuing operations before income taxes:15,944(53,876)70,49735,580(4,096)(4,828)
Income tax expense (benefit)(5,545)(4,794)1,6148,046523841
Income (loss) from continuing operations:10,399(58,670)72,11143,626(3,573)(3,987)
Income (loss) before gain (loss) on sale of properties:72,11143,626(3,573)(3,987)
Net income (loss):10,399(58,670)72,11143,626(3,573)(3,987)
Net income (loss) attributable to noncontrolling interest(15,512)45,281(60,829)(24,248)1,5191,524
Other undisclosed net loss attributable to parent   (4,627)  
Net income (loss) available to common stockholders, basic:(5,113)(13,389)11,28214,751(2,054)(2,463)
Interest on convertible debt   1,1831,162  
Dilutive securities, effect on basic earnings per share   25,25514,200(1,231)(1,524)
Other undisclosed net income available to common stockholders, diluted  1,8288,906246390
Net income (loss) available to common stockholders, diluted:(5,113)(13,389)39,54839,019(3,039)(3,597)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):10,399(58,670)72,11143,626(3,573)(3,987)
Other comprehensive income (loss)86(206)(377)138(2)(118)
Other undisclosed comprehensive loss    (5,173)  
Comprehensive income (loss):10,485(58,876)71,73438,591(3,575)(4,105)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(15,573)45,433(60,526)(28,875)1,5181,562
Other undisclosed comprehensive income, net of tax, attributable to parent    4,524  
Comprehensive income (loss), net of tax, attributable to parent:(5,088)(13,443)11,20814,240(2,057)(2,543)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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