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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,6723,7583,6323,0827,2293,765
Cash and cash equivalents23,6723,7583,6323,0827,2293,765
Receivables  30431  
Prepaid expense 532709809   
Other undisclosed current assets681,1721,367,7361,348,288   
Total current assets:705,3761,372,2331,352,7333,1137,2293,765
Noncurrent Assets
Operating lease, right-of-use asset2,2222,6622,2902,810
Property, plant and equipment8,3287,4637621,131468347
Long-term investments and receivables  850 3,360  
Long-term investments  850 3,360  
Intangible assets, net (including goodwill)1,9891,9892,7983,0111,137 
Goodwill1,9891,9891,9891,989  
Intangible assets, net (excluding goodwill)   8091,0221,137 
Prepaid expense  2951,004   
Deposits noncurrent assets1,3115,5417,209   
Deferred costs 241     
Deferred income tax assets4,3974,2944,857 
Deferred tax assets, net5,576 
Other undisclosed noncurrent assets4,1848,9081,334   
Total noncurrent assets:22,67232,00220,25410,3127,181347
Other undisclosed assets    15,0483,7671,913
TOTAL ASSETS:728,0481,404,2351,372,98728,47318,1776,025
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,5073,6773,777  125
Taxes payable1,748   125
Accrued liabilities1,052     
Other undisclosed accounts payable and accrued liabilities1,4551,9293,777   
Debt1,073998998   
Securities loaned327,180931,735920,811   
Due to related parties 7,0005,200   
Other undisclosed current liabilities338,961399,972399,260   
Total current liabilities:669,7211,343,3821,330,046  125
Noncurrent Liabilities
Long-term debt and lease obligation5,9748,4094,955   
Long-term debt, excluding current maturities5,9746,7103,657   
Liabilities, other than long-term debt1,345     
Other liabilities 100     
Operating lease, liability1,2451,6991,298 
Other undisclosed noncurrent liabilities1,088239(1,298)   
Total noncurrent liabilities:8,40710,3474,955   
Other undisclosed liabilities    7,6921,003688
Total liabilities:678,1281,353,7291,335,0017,6921,003813
Equity
Equity, attributable to parent, including:48,94949,26337,98620,78117,1745,212
Common stock325324309271271271
Treasury stock, value(143)     
Additional paid in capital29,64227,96721,7687,6417,6417,641
Retained earnings (accumulated deficit)18,98220,97215,90912,8699,262(2,700)
Other undisclosed equity, attributable to parent 143     
Equity, attributable to noncontrolling interest9711,243    
Total equity:49,92050,50637,98620,78117,1745,212
TOTAL LIABILITIES AND EQUITY:728,0481,404,2351,372,98728,47318,1776,025

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues50,10267,50754,87228,59330,03613,110
Principal transactions revenue, net15,64711,8508,0619,020
Revenues, excluding interest and dividends3,743     
Financial services revenue13,072
Other income2,8251,2821,41911,429  
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (239)     
Other undisclosed gross profit      
Gross profit:49,86367,50754,87228,59330,03613,110
Operating expenses(49,662)(60,925)(51,676)(23,802)(22,676)(10,800)
Other operating expense, net
(Other Expenses)
   (693)   
Operating income:2016,5822,5034,7917,3602,310
Nonoperating expense(4,730)     
Interest and debt expense(151)(361)(349)(10) (15)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (56)  
Income (loss) from continuing operations before equity method investments, income taxes:(4,680)6,2212,1544,7257,3602,295
Income (loss) from equity method investments 172    
Other undisclosed income from continuing operations before income taxes390361    
Income (loss) from continuing operations before income taxes:(4,290)6,7542,1544,7257,3602,295
Income tax expense (benefit)1,300(1,721)(221)(1,118)4,602(153)
Income (loss) from continuing operations:(2,990)5,0331,9333,60711,9622,142
Income before gain (loss) on sale of properties:5,0331,9333,60711,9622,142
Other undisclosed net income   1,263  15
Net income (loss):(2,990)5,0333,1963,60711,9622,157
Net income attributable to noncontrolling interest1,00030    
Other undisclosed net loss attributable to parent   (221)   
Net income (loss) available to common stockholders, diluted:(1,990)5,0632,9753,60711,9622,157

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,990)5,0333,1963,60711,9622,157
Comprehensive income (loss):(2,990)5,0333,1963,60711,9622,157
Comprehensive income, net of tax, attributable to noncontrolling interest  30    
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(2,990)5,0633,1963,60711,9622,157

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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