BGC Group Q2 2023 revenue up 13% to $493M; GAAP net loss $19.7M, adjusted EPS $0.20

BGC Group, Inc.

2023-Q2 EPS reported $0.00 revenue$1,025,947,000

Revenue $493.1M, +13.2% YoY; GAAP pre-tax loss $31.3M vs profit $31.4M in 2Q22.
Post-tax Adjusted Earnings $100.0M, +18.0%; adjusted EPS $0.20, +17.6%.
Corporate conversion reduced fully diluted share count by 21M to ~484M shares, a 4% reduction.
FMX U.S. Treasury platform gained market share; CFTC approval pending, strategic investors expected Q4.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BGC Group, Inc. reported the quarter ended June 30, 2023 results: revenue $493.1, net income ($0.05).

Period: the quarter ended June 30, 2023
Revenue: $493.1
Net income: ($0.05)
Result: reported results

Exact text from the filing

opportunity to reshape the U.S. interest rate cash and futures market." SELECT FINANCIAL RESULTS 2,3 Highlights of Consolidated Results (USD millions) 2Q23 2Q22 Change Revenues $493.1 $435.8 13.2% GAAP income (loss) from operations before income taxes (31.3) 31.4 NMF GAAP net income (loss) for fully diluted shares (19.7) 19.7 NMF Adjusted Earnings before

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Source: SEC EDGAR

accession 0001628280-23-026602

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