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MARKETS / NYSE / Financials / Brokerage and capital markets / COHN
NYSE · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · MID CAP

Cohen & Co. Inc. COHN

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$275.6M
▲ 246.2% YoY
$14.4M
$26.1M
▲ 217.2% YoY

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

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
100M200M
2009201220152018202120242025
Compound annual growth
+83.8%
+16.2%
+19.6%
+5.4%
+0.3%
+4.4%
−5.9%
−0.4%
−8.5%
+4.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.2% a year over the five years to FY2025 — 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

·
Operating margin Net margin
FY2024 · Operating -10.1% · Net 10.3%
20%40%-50%-100%
200920172025
ROE
FY2025 · ROE 31.1%
10%20%30%-10%-20%
200920172025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin·
Net margin·
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
15M30M-15M-30M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 2.1 · Net buybacks ·
2M4M-3M-6MDividendsNet buybacks
200920112013201520172019202120232025
Dividends paidUSD 2.1M
Net buybacks·
Share of profit14.8%
Consecutive raises1 year (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—not applicable◌not available in our data
COHN, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.30.10.10.00.10.10.00.00.00.10.00.10.10.10.10.10.1
Operating income $B0.1−0.00.0−0.00.00.00.00.00.00.0−0.00.0−0.00.0−0.00.0−0.0
EBITDA $B◌◌◌◌◌◌◌◌◌0.0−0.00.0−0.00.0−0.0◌◌
Income tax $B−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.00.0
Net income $B0.0−0.0−0.0−0.00.00.0−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.00.0−0.0
Free cash flow $B0.00.0−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.00.0−0.00.0−0.0−0.00.0
EPS, diluted $4.35−0.08−3.38−9.437.837.66−1.81−2.141.601.85−2.76−0.17−1.08−0.09−0.880.73−1.21
Dividend / sh $3.001.001.001.750.500.000.400.800.800.800.800.080.080.080.200.10◌
Payout %15−1452−34−1960−25−394842−29−49−8−98−2314−41
ROE %31.1−0.3−11.6−24.622.336.8−5.9−6.55.25.8−9.3−5.2−24.6−1.7−15.511.8◌
Shares out B0.000.000.000.000.000.000.000.000.000.010.010.020.010.010.010.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC
Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySecurity Brokers, Dealers & Flotation Companies
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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