Binah Capital Group, Inc. / "Employee" | Tables in SEC filings

BCG Binah Capital Group, Inc.

Quarterly report


	Three Months Ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Revenues:
Revenue from Contracts with Customers:
Commissions		34,780		35,469	$	102,836	$	104,112
Advisory fees		6,247		5,448		18,250		16,334
Total Revenue from Contracts with Customers		41,026		40,917		121,085		120,446
Interest and other income		1,170		1,933		3,209		6,227

Total revenues		42,197		42,850		124,295		126,673

Expenses:
Commissions and fees		33,832		35,865		100,839		103,863
Employee compensation and benefits		3,937		3,088		10,988		9,875
Rent and occupancy		285		284		870		900
Professional fees		1,120		697		6,059		2,412
Technology fees		386		598		1,228		1,543
Interest		775		1,249		2,632		3,895
Depreciation and amortization		268		303		862		913
Other		2,207		766		3,394		1,539

Total expenses		42,810		42,849		126,872		124,939

Income (loss) before provision/(benefit) for income taxes		(613)		1		(2,577)		1,734

Provision/(Benefit) for income taxes		537		(242)		890		289

Net income (loss)	$	(1,150)	$	243	$	(3,467)	$	1,445

Net income attributable to Legacy Wentworth Management Services LLC members		—				730

Net loss attributable to Binah Capital Group, Inc.	$	(1,150)				(4,197)

Net loss per share basic and diluted	$	(0.07)			$	(0.25)

Weighted average shares: basic and diluted		16,602				16,588


	For the three months ended June 30,					For the periods ended June 30,
Expenses:	2024	2023		% Change		2024		2023		% Change
Commissions and fees	33,352		32,914	1.3	%		67,007		67,998	-1.5	%
Employee compensation and benefits	3,594		3,287	9.4	%		7,051		6,787	3.9	%
Rent and occupancy	290		312	-7.2	%		585		616	-5.0	%
Professional fees	602		969	-37.9	%		4,939		1,715	188.0	%
Technology fees	480		408	17.7	%		842		945	-10.9	%
Interest	795		1,473	-46.0	%		1,857		2,646	-29.8	%
Depreciation and amortization	293		334	-12.3	%		594		610	-2.6	%
Other	1,765		365	383.6	%		1,187		773	53.6	%

Total expenses	41,171		40,062	2.8	%		84,062		82,090	2.4	%

Income (loss) before provision (benefit) for income taxes	(523)		377	-238.7	%		(1,967)		1,733	-213.5	%

Provision ( benefit) for income taxes	214		246	-45.5	%		353		531	-48.6	%

Net income (loss)	(736)		131	-601.4	%	$	(2,320)	$	1,202	-286.4	%


	Three Months Ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Revenues:
Revenue from Contracts with Customers:
Commissions		33,663		33,323	$	68,057	$	68,643
Advisory fees		6,320		5,259		12,004		10,886
Total Revenue from Contracts with Customers		39,983		38,582		80,061		79,529
Interest and other income		665		1,857		2,034		4,294

Total revenues		40,648		40,439		82,095		83,823

Expenses:
Commissions and fees		33,352		32,914		67,007		67,998
Employee compensation and benefits		3,594		3,287		7,051		6,787
Rent and occupancy		290		312		585		616
Professional fees		602		969		4,939		1,715
Technology fees		480		408		842		945
Interest		795		1,473		1,857		2,646
Depreciation and amortization		293		334		594		610
Other		1,765		365		1,187		773

Total expenses		41,171		40,062		84,062		82,090

Income (loss) before provision for income taxes		(523)		377		(1,967)		1,733

Provision for income taxes		214		246		353		531

Net income (loss)	$	(736)	$	131	$	(2,319)	$	1,202

Net income attributable to Legacy Wentworth Management Services LLC members		—				730

Net loss attributable to Binah Capital Group, Inc.	$	(736)				(3,049)

Net loss per share basic and diluted	$	(0.04)			$	(0.18)

Weighted average shares: basic and diluted		16,573				16,573


	For the periods ended March 31,
Expenses:	2024		2023
Commissions and fees		33,655		35,084	(4.1)	%
Employee compensation and benefits		3,457		3,500	(1.3)	%
Rent and occupancy		295		304	(2.9)	%
Professional fees		4,292		746	475.4	%
Technology fees		362		537	(32.6)	%
Interest		1,062		1,173	(9.5)	%
Depreciation and amortization		301		276	9.1	%
Other		(578)		408	(241.8)	%

Total expenses		42,846		42,028	1.9	%

Income (loss) before provision (benefit) for income taxes		(1,397)		1,357	(203.0)	%

Provision for income taxes		139		285	(51.2)	%

Net income (loss)	$	(1,536)	$	1,072	(243.3)	%

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