Siebert Financial Corp. (SIEB) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
120 WALL STREET NEW YORK, NY 10005 |
| State of Incorp. | NY |
| 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)
| 3/31/2024 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 investments | 5,735 | 23,672 | 3,758 | 3,632 | 3,082 | 7,229 | |||
| Cash and cash equivalents | 5,735 | 23,672 | 3,758 | 3,632 | 3,082 | 7,229 | |||
| Receivables | 30 | 4 | 31 | ||||||
| Prepaid expense | 532 | 709 | 809 | ||||||
| Other undisclosed current assets | 768,115 | 681,172 | 1,367,736 | 1,348,288 | |||||
| Total current assets: | 773,850 | 705,376 | 1,372,233 | 1,352,733 | 3,113 | 7,229 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,736 | 2,222 | 2,662 | 2,290 | 2,810 | ✕ | |||
| Property, plant and equipment | 9,404 | 8,328 | 7,463 | 762 | 1,131 | 468 | |||
| Long-term investments and receivables | 850 | 3,360 | |||||||
| Long-term investments | 850 | 3,360 | |||||||
| Intangible assets, net (including goodwill) | 1,989 | 1,989 | 1,989 | 2,798 | 3,011 | 1,137 | |||
| Goodwill | 1,989 | 1,989 | 1,989 | 1,989 | 1,989 | ||||
| Intangible assets, net (excluding goodwill) | 809 | 1,022 | 1,137 | ||||||
| Prepaid expense | 295 | 1,004 | |||||||
| Deposits noncurrent assets | 7,885 | 1,311 | 5,541 | 7,209 | |||||
| Deferred costs | 241 | ||||||||
| Deferred income tax assets | 4,504 | 4,397 | 4,294 | 4,857 | ✕ | ||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,576 | ||
| Other undisclosed noncurrent assets | 1,432 | 4,184 | 8,908 | 1,334 | |||||
| Total noncurrent assets: | 27,950 | 22,672 | 32,002 | 20,254 | 10,312 | 7,181 | |||
| Other undisclosed assets | 15,048 | 3,767 | |||||||
| TOTAL ASSETS: | 801,800 | 728,048 | 1,404,235 | 1,372,987 | 28,473 | 18,177 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3,639 | 2,507 | 3,677 | 3,777 | |||||
| Taxes payable | ✕ | ✕ | ✕ | 1,748 | |||||
| Accrued liabilities | 2,313 | 1,052 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 1,326 | 1,455 | 1,929 | 3,777 | |||||
| Deferred revenue | 1,898 | ✕ | |||||||
| Debt | 84 | 1,073 | 998 | 998 | |||||
| Securities loaned | 419,433 | 327,180 | 931,735 | 920,811 | |||||
| Due to related parties | ✕ | ✕ | 7,000 | 5,200 | |||||
| Other undisclosed current liabilities | 296,579 | 338,961 | 399,972 | 399,260 | |||||
| Total current liabilities: | 721,633 | 669,721 | 1,343,382 | 1,330,046 | |||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,229 | 5,974 | 8,409 | 4,955 | |||||
| Long-term debt, excluding current maturities | 4,229 | 5,974 | 6,710 | 3,657 | |||||
| Liabilities, other than long-term debt | 4,791 | 1,345 | |||||||
| Deferred revenue | 2,564 | ✕ | |||||||
| Other liabilities | 100 | ||||||||
| Operating lease, liability | 2,227 | 1,245 | 1,699 | 1,298 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 438 | 1,088 | 239 | (1,298) | |||||
| Total noncurrent liabilities: | 9,458 | 8,407 | 10,347 | 4,955 | |||||
| Other undisclosed liabilities | 7,692 | 1,003 | |||||||
| Total liabilities: | 731,091 | 678,128 | 1,353,729 | 1,335,001 | 7,692 | 1,003 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 69,720 | 48,949 | 49,263 | 37,986 | 20,781 | 17,174 | |||
| Common stock | 406 | 325 | 324 | 309 | 271 | 271 | |||
| Treasury stock, value | (143) | ||||||||
| Additional paid in capital | 45,016 | 29,642 | 27,967 | 21,768 | 7,641 | 7,641 | |||
| Retained earnings | 26,808 | 18,982 | 20,972 | 15,909 | 12,869 | 9,262 | |||
| Other undisclosed equity, attributable to parent | (2,510) | 143 | |||||||
| Equity, attributable to noncontrolling interest | 989 | 971 | 1,243 | ||||||
| Total equity: | 70,709 | 49,920 | 50,506 | 37,986 | 20,781 | 17,174 | |||
| TOTAL LIABILITIES AND EQUITY: | 801,800 | 728,048 | 1,404,235 | 1,372,987 | 28,473 | 18,177 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 71,514 | 50,102 | 67,507 | 54,872 | 28,593 | 30,036 | ||
| Principal transactions revenue, net | ✕ | ✕ | ✕ | 15,647 | 11,850 | 8,061 | 9,020 | |
| Revenues, excluding interest and dividends | 13,094 | 3,743 | ||||||
| Other income | 1,898 | 2,825 | 1,282 | 1,419 | 11,429 | |||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (239) | |||||||
| Gross profit: | 71,514 | 49,863 | 67,507 | 54,872 | 28,593 | 30,036 | ||
| Operating expenses | (53,388) | (49,662) | (60,925) | (51,676) | (23,802) | (22,676) | ||
| Other operating expense, net (Other Expenses) | (693) | |||||||
| Operating income: | 18,126 | 201 | 6,582 | 2,503 | 4,791 | 7,360 | ||
| Nonoperating expense | (6,867) | (4,730) | ||||||
| Investment income, nonoperating | (1,035) | (92) | ||||||
| Interest and debt expense | (263) | (151) | (361) | (349) | (10) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (56) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 10,996 | (4,680) | 6,221 | 2,154 | 4,725 | 7,360 | ||
| Income from equity method investments | 172 | |||||||
| Other undisclosed income from continuing operations before income taxes | 263 | 390 | 361 | |||||
| Income (loss) from continuing operations before income taxes: | 11,259 | (4,290) | 6,754 | 2,154 | 4,725 | 7,360 | ||
| Income tax expense (benefit) | (3,415) | 1,300 | (1,721) | (221) | (1,118) | 4,602 | ||
| Income (loss) from continuing operations: | 7,844 | (2,990) | 5,033 | 1,933 | 3,607 | 11,962 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 5,033 | 1,933 | 3,607 | 11,962 | |
| Other undisclosed net income | 1,263 | |||||||
| Net income (loss): | 7,844 | (2,990) | 5,033 | 3,196 | 3,607 | 11,962 | ||
| Net income (loss) attributable to noncontrolling interest | (18) | 1,000 | 30 | |||||
| Other undisclosed net loss attributable to parent | (221) | |||||||
| Net income (loss) available to common stockholders, diluted: | 7,826 | (1,990) | 5,063 | 2,975 | 3,607 | 11,962 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 7,844 | (2,990) | 5,033 | 3,196 | 3,607 | 11,962 | ||
| Comprehensive income (loss): | 7,844 | (2,990) | 5,033 | 3,196 | 3,607 | 11,962 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 30 | |||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 7,844 | (2,990) | 5,063 | 3,196 | 3,607 | 11,962 | ||
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.