At a glance
- Assets under management rose 5.0% to $31.4 billion, according to the company's release.
- Net income was $2.6 million, up from $1.8 million a year earlier.
- Binah reports revenue gross of commissions paid to advisors and registered representatives, so the 9.5% revenue growth can outpace AUM on its hybrid, commission-based platform.
Binah Capital Group (NASDAQ: BCG), the network of firms serving independent financial advisors, reported third-quarter revenue of $50.6 million, up 9.5% from $46.2 million a year earlier. Assets under management rose 5.0% to $31.4 billion, according to the company's release.
Net income was $2.6 million, up from $1.8 million a year earlier. EBITDA was $4.7 million, up from $2.7 million, putting the EBITDA margin at about 9.3% of revenue versus 5.8% a year earlier. Binah defines EBITDA as net income adjusted for depreciation, amortization, interest, share-based compensation and income tax.
Binah reports revenue gross of commissions paid to advisors and registered representatives, so the 9.5% revenue growth can outpace AUM on its hybrid, commission-based platform. Asset-based firms are not a like-for-like comparison without stripping out those payouts.
As of Sept. 30, Binah held $13.2 million in cash and cash equivalents and $16.7 million of long-term debt. The results cover the third quarter and nine months ended that date.
Revenue grew twice as fast as assets in Q3
Q3 2026 results with year-over-year change; revenue, EBITDA and net income in $M, AUM in $B
Reported by the RIA desk from GlobeNewswire. Published . Corrections