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)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 19,590 | 10,650 | 29,101 | 50,567 | 41,996 | 8,304 | |||
| Cash and cash equivalent | 19,590 | 10,650 | 29,101 | 50,567 | 41,996 | 8,304 | |||
| Prepaid expense | 235 | ||||||||
| Total current assets: | 19,590 | 10,885 | 29,101 | 50,567 | 41,996 | 8,304 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 15,540 | 7,541 | 9,647 | 10,273 | 6,063 | 7,155 | |||
| Property, plant and equipment | 1,975 | 1,282 | 1,472 | 1,456 | 799 | 916 | |||
| Long-term investments and receivables | 23,430 | 14,241 | 8,929 | 48,238 | 13,482 | 3,799 | |||
| Long-term investments | 23,430 | 14,241 | 8,929 | 48,238 | 13,482 | 3,799 | |||
| Intangible assets, net (including goodwill) | 275 | 275 | 275 | 275 | 275 | 8,158 | |||
| Goodwill | 109 | 109 | 109 | 109 | 109 | 7,992 | |||
| Intangible assets, net (excluding goodwill) | 166 | 166 | 166 | 166 | 166 | 166 | |||
| Deferred income tax assets | 2,257 | 1,580 | 6,934 | 9,468 | 7,397 | ||||
| Total noncurrent assets: | 43,477 | 24,919 | 27,257 | 69,710 | 28,016 | 20,028 | |||
| Other undisclosed assets | 908,082 | 736,957 | 830,697 | 3,533,982 | 6,079,367 | 7,973,292 | |||
| TOTAL ASSETS: | 971,149 | 772,761 | 887,055 | 3,654,259 | 6,149,379 | 8,001,624 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,056 | 2,118 | 1,565 | 1,548 | 1,048 | 729 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 1,548 | 1,048 | 729 | ||
| Accrued liabilities | 2,056 | 2,118 | 1,565 | ||||||
| Debt | 695,966 | 408,203 | 452,797 | 3,171,415 | 5,713,212 | 7,534,443 | |||
| Total current liabilities: | 698,022 | 410,321 | 454,362 | 3,172,963 | 5,714,260 | 7,535,172 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,339 | ||||||||
| Deferred income tax liabilities | 1,339 | ||||||||
| Total noncurrent liabilities: | 1,339 | ||||||||
| Other undisclosed liabilities | 182,844 | 270,643 | 338,667 | 331,790 | 333,682 | 416,357 | |||
| Total liabilities: | 880,866 | 680,964 | 793,029 | 3,504,753 | 6,047,942 | 7,952,868 | |||
| Equity | |||||||||
| Equity, attributable to parent | 41,728 | 41,682 | 46,739 | 61,415 | 43,909 | 33,319 | |||
| Preferred stock | 27 | 27 | 27 | 27 | 27 | 27 | |||
| Common stock | 20 | 19 | 17 | 17 | 13 | 12 | |||
| Additional paid in capital | 76,704 | 74,594 | 72,801 | 72,006 | 65,031 | 68,714 | |||
| Accumulated other comprehensive loss | (1,007) | (944) | (955) | (905) | (821) | (915) | |||
| Accumulated deficit | (34,016) | (32,014) | (25,151) | (9,730) | (20,341) | (34,519) | |||
| Equity, attributable to noncontrolling interest | 48,555 | 50,115 | 47,287 | 88,091 | 57,528 | 15,437 | |||
| Total equity: | 90,283 | 91,797 | 94,026 | 149,506 | 101,437 | 48,756 | |||
| TOTAL LIABILITIES AND EQUITY: | 971,149 | 772,761 | 887,055 | 3,654,259 | 6,149,379 | 8,001,624 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 79,598 | 82,981 | 44,387 | 146,368 | 66,365 | 49,666 | ||
| Principal transactions revenue, net | ✕ | ✕ | ✕ | ✕ | 38,172 | |||
| Gain on disposition of assets for financial service operations | 19,163 | 18,962 | 12,583 | 21,103 | 31,269 | |||
| Cost of revenue | (13,974) | (14,169) | (13,350) | (13,672) | (13,084) | |||
| Provision for loan, lease, and other losses | (2,556) | |||||||
| Gross profit: | 65,624 | 68,812 | 31,037 | 132,696 | 66,365 | 36,582 | ||
| Operating expenses | (73,647) | (61,951) | (59,000) | (93,103) | (69,708) | (32,541) | ||
| Other undisclosed operating income | 41,118 | |||||||
| Operating income (loss): | (8,023) | 6,861 | (27,963) | 39,593 | 37,775 | 4,041 | ||
| Nonoperating income (Other Nonoperating income) | 2,127 | |||||||
| Interest and debt expense | (5,821) | (31,339) | (33,701) | 2,127 | (66,203) | (509) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (13,844) | (24,478) | (61,664) | 43,847 | (28,428) | 3,532 | ||
| Income (loss) from equity method investments | 21,704 | 15,609 | (20,931) | 36,010 | (244) | (553) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 24,813 | 28,719 | (9,360) | 64,252 | (7,075) | |||
| Income (loss) from continuing operations before income taxes: | 7,860 | 15,944 | (53,876) | 70,497 | 35,580 | (4,096) | ||
| Income tax expense (benefit) | 329 | (5,545) | (4,794) | 1,614 | 8,046 | 523 | ||
| Income (loss) from continuing operations: | 8,189 | 10,399 | (58,670) | 72,111 | 43,626 | (3,573) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 72,111 | 43,626 | (3,573) | |
| Net income (loss): | 8,189 | 10,399 | (58,670) | 72,111 | 43,626 | (3,573) | ||
| Net income (loss) attributable to noncontrolling interest | (8,318) | (15,512) | 45,281 | (60,829) | (24,248) | 1,519 | ||
| Other undisclosed net loss attributable to parent | (4,627) | |||||||
| Net income (loss) available to common stockholders, basic: | (129) | (5,113) | (13,389) | 11,282 | 14,751 | (2,054) | ||
| Interest on convertible debt | 1,183 | 1,162 | ||||||
| Dilutive securities, effect on basic earnings per share | (357) | 25,255 | 14,200 | (1,231) | ||||
| Other undisclosed net income available to common stockholders, diluted | 33 | 1,828 | 8,906 | 246 | ||||
| Net income (loss) available to common stockholders, diluted: | (453) | (5,113) | (13,389) | 39,548 | 39,019 | (3,039) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 8,189 | 10,399 | (58,670) | 72,111 | 43,626 | (3,573) | ||
| Other comprehensive income (loss) | (167) | 86 | (206) | (377) | 138 | (2) | ||
| Other undisclosed comprehensive loss | (5,173) | |||||||
| Comprehensive income (loss): | 8,022 | 10,485 | (58,876) | 71,734 | 38,591 | (3,575) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (8,199) | (15,573) | 45,433 | (60,526) | (28,875) | 1,518 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 4,524 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (177) | (5,088) | (13,443) | 11,208 | 14,240 | (2,057) | ||
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.