Binah Capital FY2025 revenue $187.1M (+11%), GAAP net income $2.3M, vs prior-year loss

Full Year 2025 Key Highlights § Total advisory and brokerage assets as of December 31, 2025, grew 11% to $29.9 billion. § Total annual revenue increased by 10.7% to $187.1 million. § Annual Gross profit was $37.8 million, compared to $33.7 million in 2024. § Total annual operating expenses were $35.2 million, compared to $36.8 million in 2024. § Annual GAAP net income rose to $2.3 million, compared to a GAAP net loss of $4.6 million in 2024. § Annual GAAP diluted EPS was $0.04 compared to $(0.39) in the prior year. § Annual EBITDA increased to $5.4 million from $1.9 million in the prior year. § Adjusted EBITDA* increased to $6.5 million, compared to $6.3 million in 2024.

Fourth Quarter 2025 Key Highlights § Total advisory and brokerage assets as of December 31, 2025, grew 11% year-over-year to $29.9 billion. § Total revenue grew 13.2% to $50.5 million. § Gross profit was $10.3 million, compared to $8.9 million in the prior-year period. § Total operating expenses were $10.5 million, compared to $9.5 million in the prior-year period, reflecting a stabilization in expense levels compared to prior year results that included non-recurring business combination costs. § GAAP net income rose to $0.2 million, compared to a GAAP net loss of $1.1 million in the fourth quarter of 2024. § GAAP diluted EPS was $0.01 compared to $(0.07) in the prior year quarter § EBITDA of $0.5 as compared to EBITDA of $1.0 in the prior year quarter which is driven primarily by the change in the income tax provision. § Adjusted EBITDA of $0.8 as compared to $2.2 million in the prior year quarter, which included an adjustment for business combination and re-financing costs incurred d