---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-113607"
form_type: "8-K"
ticker: "COHN"
cik: "0001270436"
company_name: "Cohen & Co Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:28:55.864475+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cohen & Company Q3 net loss $0.4M; records $6.8M investment write-down; maintains dividend

## Summary
- Net loss attributable to Cohen of $0.4M ($0.28 per diluted share) for Q3 2023, vs. $6.6M loss in Q2 2023 and $0.9M loss in Q3 2022.
- Total revenues $17.1M, down from $22.6M in Q2 and $23.5M in prior year; new issue and advisory rev. $7.2M, up $5.9M QoQ.
- Adjusted pre-tax loss of $8.4M ($1.52 per share) vs. prior quarter loss $1.6M and prior year income $2.2M.
- Principal transactions revenue includes $6.8M write-down of investment in Stoa USA Inc./FlipOS due to its ceasing operations.
- Board declares $0.25 quarterly dividend, payable Dec 1, 2023 to holders of record Nov 17, 2023.

## SEC filing metadata
- accession: 0001104659-23-113607
- form_type: 8-K
- ticker: COHN
- cik: 0001270436
- company_name: Cohen & Co Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1270436/000110465923113607/0001104659-23-113607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1270436/000110465923113607/tm2329452d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-113607
- JSON: https://secwatch.observer/filing/0001104659-23-113607.json
- Plain text: https://secwatch.observer/filing/0001104659-23-113607.txt

## Key facts
- Earnings Releases
  Cohen & Co Inc. reported third quarter ended September 30, 2023 results: revenue $17.1 million, net income $0.4 million, or $0.28 per diluted share, EPS $(0.28).
  - Period: third quarter ended September 30, 2023
  - Revenue: $17.1 million
  - Net income: $0.4 million, or $0.28 per diluted share
  - EPS: $(0.28)
  - Result: reported results
  source text: September 30, 2022. Adjusted pre-tax income (loss) and adjusted pre-tax income (loss) per diluted share are not measures recognized under GAAP. See Note 1 below. · Revenues were $17.1 million for the three months ended September 30, 2023, compared to $22.6 million for the prior quarter and $23.5 million for the prior year quarter. o Net trading revenue was $7.5
  evidence_url: https://www.sec.gov/Archives/edgar/data/1270436/000110465923113607/0001104659-23-113607-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.