SIEBNasdaqSecurity Brokers, Dealers & Flotation CompaniesUS GAAP · USD

Siebert Financial Corp

Siebert Financial Corp. is a U.S.-based financial services company centered on brokerage, dealer, and clearing activities through its operating subsidiaries. Its business includes retail brokerage, correspondent clearing, corporate services, and related market-making, financing, and investment activities.

Kysy yhtiöstä
Liikevaihto94,2milj. USD
+12,3 %v/v
Liikevoitto (EBIT)5,6milj. USD
−68,1 %v/v
EBIT-marginaali5,9%
−14,9 %-yks.v/v
Nettotulos5,1milj. USD
−61,5 %v/v
Vapaa kassavirta9,7milj. USD
−1,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

020406080100milj. USD2020: 55 milj. USD20202021: 68 milj. USD2021: EBIT 6,6 milj. USD20212022: 50 milj. USD2022: EBIT 0,44 milj. USD20222023: 72 milj. USD2023: EBIT 18 milj. USD20232024: 84 milj. USD2024: EBIT 17 milj. USD20242025: 94 milj. USD2025: EBIT 5,6 milj. USD2025945,6
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Siebert Financial Corp

Liiketoiminta

Osuus liikevaihdosta
Retail brokerage40 %

Self-directed brokerage accounts, trading access, margin, and cash management for individual investors.

Clearing and correspondent services20 %

Fully disclosed and self-clearing services for introducing brokers and related counterparties.

Corporate services15 %

Broker-dealer and capital markets services for corporate clients and transaction activity.

Interest and fee income15 %

Revenue tied to margin balances, segregated cash and securities, and fund distribution fees.

Other investments and new ventures10 %

Investments and newer initiatives such as music-related assets and NIL services.

Tuotteet

Raportoitu · osuus liikevaihdosta
30,8%29,3%18,6%9,5%FY2025100 %
  • Stock Borrow Stock Loan30,8 %
  • Interest Marketing and Distribution Fees29,3 %
  • Principal Transactions and Proprietary Trading18,6 %
  • Commissions and Fees9,5 %
  • Other Incomes3,8 %
  • Muut7,9 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Siebert serves retail investors who use its brokerage accounts for trading, cash balances, and margin financing. It also serves introducing brokers and other institutional or corporate clients that need clearing, execution, and related back-office support. Newer offerings extend the platform to adjacent customer groups such as corporate services users and student-athlete NIL counterparties.

Retail investors

Individuals using Siebert for brokerage accounts, trading, cash balances, and margin.

Introducing brokers and clearing clients

Broker-dealers that outsource clearing, settlement, and related operational functions.

Corporate services clients

Companies and transaction participants using capital markets and brokerage support.

NIL services users

Student-athletes and related collectives using negotiation and representation services.

Strategia

Siebert is investing in technology infrastructure, including a retail platform, mobile trading application, and corporate client tools, to improve service delivery and support growth. It is also broadening its business mix through adjacent offerings such as music-related assets and NIL services while maintaining its core brokerage and clearing franchise.

Upgrade retail and corporate technology platformsLyhyt aikaväli

Improves client experience, operating efficiency, and product breadth.

Strengthen clearing and capital markets capabilitiesKeskipitkä aikaväli

Supports core brokerage economics and retains institutional and introducing-broker relationships.

Expand into adjacent revenue streamsKeskipitkä aikaväli

Diversifies the business beyond traditional brokerage and interest income.

Maantiede

Siebert is primarily a U.S. financial services business, with its customer base, regulatory framework, and securities activities centered in the United States. Its securities and cash management activities are tied to U.S. markets and U.S. government securities, while newer digital platforms are intended to broaden reach across domestic customer segments.

Riskit

Siebert’s earnings are exposed to market interest rates, customer trading activity, and the credit performance of brokerage counterparties. The company also faces regulatory capital, settlement, and market-value risks inherent in broker-dealer operations, plus valuation uncertainty in newer investments and ventures.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Interest-rate sensitivity1Fair value volatility in equity investments2Customer and counterparty settlement risk3Regulatory capital and reserve requirements4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Interest-rate sensitivityVaikutus: KorkeaTodennäköisyys: Korkea

    Margin interest, segregated cash income, and fund distribution fees depend on market rates.

    Kohdistuu: Net interest revenue and client cash economics

  2. Fair value volatility in equity investmentsVaikutus: KorkeaTodennäköisyys: Korkea

    The value of restricted or market-traded equity holdings can change materially.

    Kohdistuu: Investment in equity security

  3. Customer and counterparty settlement riskVaikutus: KorkeaTodennäköisyys: Matala

    The firm can incur losses if customers or brokers fail to meet obligations.

    Kohdistuu: Unsettled securities transactions and margin activity

  4. Regulatory capital and reserve requirementsVaikutus: KeskitasoTodennäköisyys: Matala

    Broker-dealer operations must maintain net capital and customer protection reserves.

    Kohdistuu: Liquidity and balance-sheet flexibility

  5. Technology implementation riskVaikutus: Keskitaso

    Platform and vendor changes can delay launches or reduce expected operating benefits.

    Kohdistuu: Retail platform and corporate service tools

Kysy Clarifolta: Siebert Financial Corp

Kirjanpito

Harkinnanvaraiset erät
Fair value of restricted equity securities

Valuation uses models and discounts, so reported gains can change sharply with market prices.

Vaikutus: Can materially affect quarterly earnings

Interest-rate sensitivity of net interest revenue

Client margin balances and segregated cash balances drive revenue exposure to rate moves.

Vaikutus: Affects revenue and earnings volatility

Uncertain tax positions

Tax reserves depend on judgment about the likelihood of sustaining positions on examination.

Vaikutus: Affects taxes payable and income tax expense

Broker-dealer regulatory capital and reserve accounting

Net capital and customer protection requirements influence liquidity and balance-sheet usage.

Vaikutus: Affects operating flexibility and disclosures

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Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026