Sector: Financials | Industry: Investment Banking & Brokerage Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 300 Vesey St.,, Suite 501 NEW YORK NY 10282 |
Tel: | N/A |
Website: | https://www.siebert.com |
IR: | See website |
Key People | ||
John J. Gebbia Chairman of the Board, Chief Executive Officer | Andrew H. Reich Chief Financial Officer, Chief Operating Officer, Executive Vice President, Secretary, Director |
Business Overview |
Siebert Financial Corp. is a diversified financial services company. The Company provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions. The Company's business lines include retail brokerage, investment advisory, insurance, and technology development, which operate through its wholly owned and majority owned subsidiaries. The Company operates through its subsidiaries Muriel Siebert & Co., Inc. (MSCO), Siebert AdvisorNXT, Inc. (SNXT), Park Wilshire Companies, Inc. (PW), RISE Financial Services, LLC (RISE), Siebert Technologies, LLC (STCH) and StockCross Digital Solutions, Ltd (STXD). MSCO provides retail brokerage services. SNXT provides investment advisory services. PW provides insurance services. STCH provides technology development. RISE is a broker-dealing company. |
Financial Overview |
For the nine months ended 30 September 2023, Siebert Financial Corp revenues increased 42% to $51.8M. Net income increased from $790K to $8.7M. Revenues reflect Margin interest, marketing and distribut increase from $10.7M to $21.6M, Principal transactions and proprietary t increase from $1.8M to $9.2M, Stock borrow / stock loan increase of less than 1% to $12M. Net income benefited from Technology and communications decrease of 29% to $2.4M (expense). |
Employees: | 117 as of Mar 20, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $65.55M as of Sep 30, 2023 |
EBITDA (TTM): | $15.48M as of Sep 30, 2023 |
Net annual income (TTM): | $5.88M as of Sep 30, 2023 |
Free cash flow (TTM): | -$65.98M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 39,580,936 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |