BCG

MKT CAP:$33M

Binah Capital Group, Inc.

Market Cap

$33M

Financial Services·Asset Management·🇺🇸 United States·NASDAQ

Financials·Asset Management·🇺🇸·NASDAQ

Stock Price

$1.93-$0.81 (-29.47%)

Apr 22, 2026

Company Details

Binah Capital Group, Inc., together with its subsidiaries, operates in the wealth management industry. The company provides access to stock, bond, exchange-traded fund, and options execution services; and research, compliance, supervision, ...

CEO

Craig Michael Gould

IPO Date

Mar 27, 2024

Website

www.wentworthms.com

Key Metrics TTM

Revenue

$177M

+10.1% YoY

Net Income

$1M

EPS (Diluted)

$0.04

Free Cash Flow

$4M

Revenue / Share

$10.57

Gross Margin

6.6%

Operating Margin

2.9%

Net Margin

0.6%

FCF Margin

2.1%

P/S

0.2x

P/E

31.2x

Earnings Reports

FY 2025

Mar 31, 2026

$182MEPS $0.04

Q3 2025

Nov 13, 2025

$45M+9.1%EPS $0.08

Q2 2025

Aug 13, 2025

$41M+1.6%EPS -$0.04

Q1 2025

May 15, 2025

$48MEPS $0.06

Q4 2024

Mar 31, 2025

$43MEPS -$0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$0	$0	-$257.3K
Q3 21	$0	$0	-$382.5K
Q4 21	$47M	$4M	-$392.6K
Q1 22	$0	$0	-$876.2K
Q2 22	$0	$0	-$2M
Q3 22	$40M	$3M	-$88.5K
Q4 22	$42M	$3M	$592.7K
Q1 23	$41M	$2M	$501.0K
Q2 23	$39M	$2M	$358.0K
Q3 23	$41M	$2M	$82.0K
Q2 24	$40M	$3M	$1M
Q3 24	$41M	$3M	$1M
Q4 24	$43M	$2M	$1M
Q1 25	$48M	$3M	$2M
Q2 25	$41M	$3M	$1M
Q3 25	$45M	$3M	$1M

Valuation

Quarter	P/S	P/E
Q2 21	—	—
Q3 21	—	—
Q4 21	3.6x	—
Q1 22	3.6x	59.2x
Q2 22	3.6x	33.3x
Q3 22	2.0x	76.7x
Q4 22	2.1x	131.1x
Q1 23	1.4x	—
Q2 23	1.1x	—
Q3 23	1.1x	—
Q2 24	0.6x	145.2x
Q3 24	0.3x	—
Q4 24	0.4x	—
Q1 25	0.2x	—
Q2 25	0.2x	—
Q3 25	0.2x	25.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$60.5K	$35.9K
Q1 22	-$761.7K	-$761.7K
Q2 22	-$375.9K	-$375.9K
Q3 22	-$16.3K	$13.8K
Q4 22	$1M	$1M
Q1 23	$381.0K	$294.0K
Q2 23	-$177.0K	-$178.0K
Q3 23	$158.0K	$158.0K
Q2 24	$1M	$1M
Q3 24	-$298.0K	-$298.0K
Q4 24	$2M	$2M
Q1 25	$1M	$1M
Q2 25	$63.0K	$63.0K
Q3 25	$931.0K	$884.0K

Capital Expenditures

Quarter	CapEx
Q4 21	$96.4K
Q1 22	$2
Q2 22	$0
Q3 22	$30.1K
Q4 22	$20.9K
Q1 23	$87.0K
Q2 23	$1.0K
Q3 23	$0
Q2 24	$7.0K
Q3 24	$0
Q4 24	$67.0K
Q1 25	$8.0K
Q2 25	$0
Q3 25	$47.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	—	—
Q4 21	—	+30618.2%
Q1 22	—	+337.0%
Q2 22	—	+540.7%
Q3 22	—	+10319.0%
Q4 22	-10.6%	-12.6%
Q1 23	—	+4516.2%
Q2 23	—	+2218.1%
Q3 23	+2.9%	+2.5%
Q2 24	-5.7%	-7.6%
Q3 24	+0.2%	-1.5%
Q4 24	+12.2%	+10.0%
Q1 25	+17.4%	+13.7%
Q2 25	+1.6%	+2.4%
Q3 25	+9.1%	+9.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$0	—
Q2 22	$0	—
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q2 21	—	—	$257.3K
Q3 21	—	—	$382.5K
Q4 21	$3M	—	—
Q1 22	—	—	$876.2K
Q2 22	—	—	$2M
Q3 22	$2M	—	—
Q4 22	$1M	—	—
Q1 23	$1M	—	—
Q2 23	$1M	—	—
Q3 23	$981.0K	—	—
Q2 24	$892.0K	—	—
Q3 24	$2M	$4M	—
Q4 24	$1M	—	—
Q1 25	$536.0K	—	—
Q2 25	$999.0K	—	—
Q3 25	—	—	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$576.8K	$0	$576.8K
Q2 22	$139.9K	$0	$139.9K
Q3 22	$8M	$0	$8M
Q4 22	$8M	$0	$8M
Q1 23	$67.6K	$0	$67.6K
Q2 23	$7M	$0	$7M
Q3 23	$6M	$0	$6M
Q4 23	$7M	$400.0K	$8M
Q1 24	$6M	$0	$6M
Q2 24	$7M	$0	$7M
Q3 24	$7M	$0	$7M
Q4 24	$7M	$0	$7M
Q1 25	$8M	$0	$8M
Q2 25	$7M	$0	$7M
Q3 25	$8M	$0	$8M
Q4 25	$10M	$0	$10M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	15M	+1.9%	—
Q3 21	14M	-2.5%	0.0%
Q4 21	14M	+0.7%	0.0%
Q1 22	14M	0.0%	0.0%
Q2 22	15M	+5.7%	+3.8%
Q3 22	15M	0.0%	+6.5%
Q4 22	15M	0.0%	+5.7%
Q1 23	16M	+5.4%	+11.4%
Q2 23	16M	0.0%	+5.4%
Q3 23	16M	0.0%	+5.4%
Q2 24	17M	+2.8%	+8.3%
Q3 24	17M	+0.2%	+2.9%
Q4 24	17M	-0.1%	+2.9%
Q1 25	17M	+0.1%	+2.9%
Q2 25	17M	0.0%	+0.2%
Q3 25	17M	+0.7%	+0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q2 24	$21.0K	2K
Q3 24	$21.6K	2K
Q4 24	$22.8K	2K
Q1 25	$25.3K	2K
Q2 25	$21.4K	2K
Q3 25	$23.6K	2K

Revenue / Employee