MARKETS / NYSE / COHN

NYSE · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · MID CAP

Cohen & Co. Inc. COHN

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$275.6M

▲ 246.2% YoY

Net income

$14.4M

Free cash flow

$26.1M

▲ 217.2% YoY

In brief

What this company does

Cohen & Co Inc. is a financial services company specializing in an expanding range of capital markets and asset management services. As of December 31, 2025, the company employed a total of 126 full-time professionals and support staff. Its business segments are Capital Markets, Asset Management, and Principal Investing. Its Capital Markets business segment consists of sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through its subsidiaries, Cohen Securities in the United States and CCFESA in Europe. Its Capital Markets business segment has offices in Boca Raton, Florida; Charlotte, North Carolina; Houston, Texas; Memphis, Tennessee; Menlo Park, California; New York City, New York; Paris, France; and Philadelphia, Pennsylvania. As of December 31, 2025, the company had approximately $1.4 billion of assets under management in primarily fixed income assets, including European bank and insurance trust preferred securities, debt issued by small and medium sized European, U.S., and Bermudian insurance and reinsurance companies, and commercial real estate loans. Its Principal Investing business segment is comprised primarily of investments made for the purpose of earning an investment return rather than investments made to support its trading or other capital markets business activity. Cohen & Co Inc. is a Maryland corporation that incorporated on October 6, 2003.

Written from the business description in Cohen & Co Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 6 March 2026. Every sentence was checked against that document before publication.

Growth

USD 275.6M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 275.6 · Net income 14.4

Compound annual growth

Revenue

+83.8%

+16.2%

+19.6%

+5.4%

Net income

+0.3%

+4.4%

Returned to shareholders

−5.9%

−0.4%

−8.5%

+4.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +16.2% a year over five years — but profit grew slower: net income at +0.3%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 21.6% · Net 14.6%

ROE

FY2025 · ROE 31.1%

Gross margin—

Operating margin21.6%

Net margin14.6%

Return on assets4.8%

EBITDA—

Each USD of equity produced 31 cents of profit this year.

Cash & shareholders

USD 2.1M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 26.1

Net buybacks $M Dividends $M

FY2025 · Dividends 2.1 · Net buybacks —

Dividends paidUSD 2.1M

Net buybacks—

Share of profit14.8%

Consecutive raises1 years (since the 2024 share-count change)

USD 2.1M in dividends — 15% of the year's profit went back to shareholders.

Total assetsUSD 700.6M

EquityUSD 51.1M

CashUSD 56.8M

Gross debtUSD 32.9M

Net debtUSD -23.9M

The company holds more cash than debt.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.3	0.1	0.1	0.0	0.1	0.1	0.0	0.0	0.0	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1
Operating income $B	0.1	−0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.0	0.0	−0.0	0.0	−0.0
EBITDA $B	·	·	·	·	·	·	·	·	·	0.0	−0.0	0.0	−0.0	0.0	−0.0	·	·
Income tax $B	−0.0	−0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0
Net income $B	0.0	−0.0	−0.0	−0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	−0.0
Free cash flow $B	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	−0.0	0.0	−0.0	−0.0	0.0
EPS, diluted $	4.35	−0.08	−3.38	−9.43	7.83	7.66	−1.81	−2.14	1.60	1.85	−2.76	−0.17	−1.08	−0.09	−0.88	0.73	−1.21
Dividend / sh $	3.00	1.00	1.00	1.75	0.50	0.00	0.40	0.80	0.80	0.80	0.80	0.08	0.08	0.08	0.20	0.10	·
Payout %	15	−1452	−34	−19	6	0	−25	−39	48	42	−29	−49	−8	−98	−23	14	−41
ROE %	31.1	−0.3	−11.6	−24.6	22.3	36.8	−5.9	−6.5	5.2	5.8	−9.3	−5.2	−24.6	−1.7	−15.5	11.8	·
Shares out B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.02	0.01	0.01	0.01	0.01	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySecurity Brokers, Dealers & Flotation Companies

Listed onNYSE

Incorporated inMaryland

Fiscal year endsDecember 31

SEC categorysmaller reporting company

Data on record since2009