Cohen & Company Inc.

Cohen & Company Inc.

COHN
Cohen & Company Inc.US flagNew York Stock Exchange Arca
11.30
USD
-0.11
- -
36.49MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
46.61
37.17
31.21
45.4
39.39
42.87
43.68
115.04
123.31
31.26
54.83
49.29
159.1
166.15
Basic EPS, GAAP
-10.79
-1.72
-2.76
1.86
1.71
-2.14
-1.81
12.56
9.95
-9.43
-3.38
-0.08
8.33
9.39
Free Cash Flow per Basic Share
-7.36
2.62
-2.91
-7.34
-9.99
-6.95
-13.69
36.44
14.57
-16.94
-26.45
5.09
15.07
-4.29
Dividend per Share
0.86
0.85
0.81
0.78
0.82
0.84
0.46
0.02
0.57
1.8
1.16
1.16
1.23
2.12
Book Value per Share
34.77
32.12
29.78
32.08
32.87
29.7
27.89
33.11
36.47
26.33
22
20.44
23.97
19.58
Tangible Book Value per Share
26.94
26.68
23.67
25.33
26.14
22.93
21.06
32.9
36.31
26.17
21.85
20.31
23.84
19.5
Basic Weighted Avg Shares
1
1
1
1
1
1
1
1
1
1
2
2
2
2
Sales/Revenue/Turnover
58
56
46
55
48
49
50
130
146
44
83
80
276
314
Operating Margin (%)
-36.69
6.11
-3.6
15.51
15.57
7.41
8.14
38.59
27.05
-63
8.27
-10.08
21.56
22.06
Depreciation Expense
1
1
1
- -
- -
- -
- -
- -
- -
1
1
1
1
1
Net Income, GAAP
-13
-3
-4
2
2
-2
-2
14
12
-13
-5
- -
14
18
Effective Tax Rate (%)
- -
- -
- -
10.96
- -
- -
- -
- -
- -
- -
34.78
- -
- -
9.45
Profit Margin (%)
-23.15
-4.64
-8.84
4.1
4.34
-4.99
-4.14
10.92
8.07
-30.16
-6.16
-0.16
5.24
5.65
Working Capital
44
166
186
383
1,805
7,767
7,605
5,773
3,504
812
660
877
591
671
LT Debt
55
117
84
115
173
233
265
210
215
171
149
118
50
95
Total Equity
61
56
46
47
48
42
49
101
151
94
92
90
103
109
Return on Invested Capital (%)
- -
- -
- -
2.11
- -
- -
- -
- -
- -
- -
0.93
- -
- -
- -
Return on Capital (%)
- -
- -
- -
1.49
- -
- -
- -
- -
- -
- -
-3.41
- -
- -
-1.46
Return on Common Equity (%)
-24.56
-5.18
-9.27
5.77
5.25
-6.51
-5.95
36.81
22.32
-24.65
-11.57
-0.31
31.12
33.33

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
33
51
78
LT Finance Leases
17
17
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
3
Market Capitalization
50
37
44

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
609
574
685
Cash, Cash Equivalents & STI
136
139
208
Accounts Receivable, Net
53
44
61
Inventories
- -
- -
- -
Total Current Liabilities
18
20
13
Payables & Accruals
18
20
13
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.69%
4.31%
14.18%
Free Cash Flow
-29.52%
-26.82%
217.24%
Net Income, GAAP
-1,286.84%
-2,335.27%
-11,286.82%
Sales/Revenue/Turnover
44.41%
54.38%
246.19%
Total Cash Common Dividend
249.58%
531.12%
13.77%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19
11
32
19
80
2025
29
60
84
103
276
2026
58
69
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.28
-1.45
1.32
-1.2
-0.08
2025
0.19
0.81
2.64
4.65
8.33
2026
0.82
1.58
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.5
0.25
0.25
1.16
2025
0.22
0.5
0.25
0.25
1.23
2026
2.28
-0.46
- -
- -
- -

Company Description

CEO
Lester Raymond Brafman
Full Time Employees
129
Sector
Financial Services
Industry
Financial - Capital Markets
Address
Cira Center Philadelphia PA United States of America 19104
IPO Date
Mar 17, 2004
Business
Cohen & Company Inc. is a financial services firm specializing in capital markets and asset management services. Its core products and services encompass fixed income sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, advisory services, mergers and acquisitions advisory, and SPAC advisory through its investment banking subsidiary, Cohen & Company Capital Markets. The asset management segment manages approximately $1.4 billion in assets across multiple asset classes including European bank and insurance trust preferred securities, debt from small and medium-sized insurance and reinsurance companies in Europe, the U.S., and Bermuda, equity interests in SPACs and their sponsor entities, and commercial real estate loans. The company also offers tax, advisory, and business consulting services primarily targeting private companies, public and private funds, advisers, fund service providers, and Fortune 1000 enterprises. Founded in 1977 and headquartered in Philadelphia, Pennsylvania, Cohen & Company operates in the United States and Europe, with offices in Philadelphia, New York, Boca Raton, Menlo Park, and Paris. The firm serves a diverse international institutional client base within capital markets and asset management. Recent major developments include strategic growth investments by Lovell Minnick Partners announced in late 2024 to accelerate multi-year plans focused on growth, technology, quality initiatives, and client service expansion. In early 2025, Cohen & Company completed acquisitions of specialized boutique firms including Cleveland-based Tax and Wealth Management, Inc., and Chicago-based Tassi and Company, enhancing its real estate service offerings and expanding its Chicago market presence. The company has also been recognized multiple times for excellence in ETF auditing and continues to strengthen its position in high-growth sectors such as blockchain, fintech, and AI through its capital markets operations. Cohen & Company reported strong third quarter 2025 financial results, with significant increases in trading revenues and a robust pipeline of transactions, positioning itself to exceed $220 million in revenue for the full year 2025. The firm remains focused on frontier technology sectors including stablecoin tokenization and rare earth metals. Cohen & Company also operates Cohen & Company Securities, a trusted broker-dealer specializing in fixed income, capital market, and SPAC equity opportunities, catering to institutional clients such as banks, credit unions, investment advisors, and broker-dealers. The company continues to prioritize relationship-driven service delivery, offering tailored trading strategies and innovative product solutions. Overall, Cohen & Company stands as a diversified, growth-oriented financial services company deeply engaged in capital markets, asset management, and advisory services with a strategic focus on expanding its technology-driven businesses and real estate-related offerings across the United States and Europe.

Company News

  • Elroy Air and Columbus Circle Capital Corp II Announce Confidential Submission of Draft Registration Statement on Form S-4 in Connection with Proposed Business Combination

  • Cohen & Company Inc. (COHN) Q2 2026 Earnings Call Transcript

  • Cohen & Company Reports Second Quarter 2026 Financial Results

  • Cohen & Company Sets Release Date for Second Quarter 2026 Financial Results

  • Columbus Circle Capital Corp. III and Cohen & Company Inc. Announce Completion of $230,000,000 Initial Public Offering

  • Columbus Circle Capital Corp. III and Cohen & Company Inc. Announce Completion of $230,000,000 Initial Public Offering

  • Elroy Air to Become Publicly Traded Company via Business Combination with Inflection Point-led SPAC

  • Cohen & Company Securities Opens Charlotte Office

  • Cohen & Company Inc. (COHN) Q1 2026 Earnings Call Transcript

  • Cohen & Company Reports First Quarter 2026 Financial Results

  • Cohen & Company Sets Release Date for First Quarter 2026 Financial Results

  • Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

  • Cohen & Company Inc. (COHN) Q4 2025 Earnings Call Transcript

  • Cohen & Company Reports Fourth Quarter & Full Year 2025 Financial Results

  • Cohen & Company: Has The Market Gone Too Far?

  • PriDe IV Exceeds Expectations, Becoming Cohen & Company Asset Management's Largest European Vintage to Date at €481.5 Million

  • Institutional Financial Markets (NYSEAMERICAN:COHN) Share Price Passes Above 200 Day Moving Average – What’s Next?

  • Institutional Financial Markets (NYSEAMERICAN:COHN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

  • Cohen & Company Announces Appointment of Senior Leadership to Expand Energy and Energy Transition Capabilities

  • Market Today: Trump Housing Ban, Apple Card Shift, ISM Jump