{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-037868","form_type":"8-K","ticker":"BCG","cik":"0001953984","company_name":"Binah Capital Group, Inc.","filed_at":"2026-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.869110+00:00","generated_at":"2026-05-15T08:15:26.793818+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Binah Capital FY2025 revenue $187.1M (+11%), GAAP net income $2.3M, vs prior-year loss","bullets":["Full-year revenue grew 10.7% to $187.1M; AuM increased 11% to $29.9B.","GAAP net income of $2.3M ($0.04 diluted EPS) vs net loss of $4.6M ($0.39 loss) in 2024.","EBITDA rose to $5.4M from $1.9M; adjusted EBITDA $6.5M vs $6.3M.","Q4 revenue $50.5M (+13.2%); GAAP net income $0.2M ($0.01 EPS) vs Q4 2024 loss of $1.1M.","Gross profit $37.8M for the year, up from $33.7M; operating expenses declined to $35.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-037868","json":"https://secwatch.observer/filing/0001104659-26-037868.json","markdown":"https://secwatch.observer/filing/0001104659-26-037868.md","text":"https://secwatch.observer/filing/0001104659-26-037868.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1953984/000110465926037868/0001104659-26-037868-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1953984/000110465926037868/tm2610699d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:15:26.793818+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4bae475a316f6b48835f1f803266ff207b063e8a","claim":"Binah Capital Group, Inc. reported full year 2025 results: revenue $187.1 million, net income $2.3 million, EPS $0.04.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465926037868/0001104659-26-037868-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2025"},{"label":"Revenue","value":"$187.1 million"},{"label":"Net income","value":"$2.3 million"},{"label":"EPS","value":"$0.04"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"92d24164d06c35983a15bb04b6da57e2dfc27e27","claim":"Binah Capital Group, Inc. reported fourth quarter 2025 results: revenue $50.5 million, net income $0.2 million, EPS $0.01.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465926037868/0001104659-26-037868-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2025"},{"label":"Revenue","value":"$50.5 million"},{"label":"Net income","value":"$0.2 million"},{"label":"EPS","value":"$0.01"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}