SIEB

MKT CAP:$76M

Siebert Financial Corp.

Market Cap

$76M

Financial Services·Financial - Capital Markets·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$1.83-$1.75 (-48.89%)

Apr 21, 2026

Company Details

Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses in the United States and Internationally. It offers discount brokerage services, including self-directed trading,...

CEO

John J. Gebbia

IPO Date

Mar 18, 1980

Website

www.siebert.com

Key Metrics TTM

Revenue

$90M

+11.1% YoY

Net Income

$5M

EPS (Diluted)

$0.13

Free Cash Flow

$14M

Revenue / Share

$2.23

Gross Margin

32.7%

Operating Margin

6.4%

Net Margin

5.7%

FCF Margin

15.4%

P/S

0.8x

P/E

14.9x

Earnings Reports

FY 2025

Mar 30, 2026

$94M+17.0%EPS $0.13

Q4 2025

Mar 30, 2026

$22M+14.1%EPS -$0.01

Q3 2025

Nov 12, 2025

$25M+16.5%EPS $0.04

Q2 2025

Aug 12, 2025

$14M-29.3%EPS -$0.12

Q1 2025

May 13, 2025

$29M+41.4%EPS $0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$13M	$5M	$338.0K
Q4 20	$15M	$6M	$2M
Q1 21	$19M	$8M	$4M
Q2 21	$17M	$7M	$2M
Q3 21	$17M	$7M	$2M
Q2 23	$17M	$9M	$5M
Q3 23	$18M	$8M	$4M
Q4 23	$21M	$12M	$5M
Q1 24	$20M	$10M	$5M
Q2 24	$20M	$9M	$6M
Q3 24	$22M	$10M	$5M
Q4 24	$19M	$7M	$2M
Q1 25	$29M	$17M	$10M
Q2 25	$14M	$86.0K	-$6M
Q3 25	$25M	$8M	$2M
Q4 25	$22M	$4M	-$1M

Valuation

Quarter	P/S	P/E
Q3 20	2.2x	31.2x
Q4 20	2.5x	46.7x
Q1 21	2.2x	30.5x
Q2 21	2.5x	29.8x
Q3 21	1.6x	19.8x
Q2 23	1.4x	13.7x
Q3 23	1.1x	10.0x
Q4 23	1.0x	13.6x
Q1 24	1.1x	10.2x
Q2 24	0.9x	7.2x
Q3 24	1.2x	9.4x
Q4 24	1.6x	9.6x
Q1 25	1.3x	6.6x
Q2 25	2.1x	18.7x
Q3 25	1.3x	16.1x
Q4 25	1.6x	28.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$123M	$123M
Q4 20	$681M	$681M
Q1 21	$10M	$10M
Q2 21	$14M	$14M
Q3 21	-$19M	-$19M
Q2 23	$273M	$273M
Q3 23	-$19M	-$20M
Q4 23	$26M	$25M
Q1 24	-$72M	-$74M
Q2 24	$19M	$18M
Q3 24	$4M	$3M
Q4 24	-$63M	-$63M
Q1 25	-$34M	-$35M
Q2 25	$631.0K	$532.0K
Q3 25	$48M	$48M
Q4 25	$402.0K	$232.0K

Capital Expenditures

Quarter	CapEx
Q3 20	$0
Q4 20	$13.0K
Q1 21	$174.0K
Q2 21	$180.0K
Q3 21	$129.0K
Q2 23	$37.0K
Q3 23	$473.0K
Q4 23	$1M
Q1 24	$2M
Q2 24	$301.0K
Q3 24	$1M
Q4 24	$347.0K
Q1 25	$144.0K
Q2 25	$99.0K
Q3 25	$540.0K
Q4 25	$170.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+78.1%	+117.2%
Q4 20	+108.2%	+133.8%
Q1 21	+27.9%	+17.6%
Q2 21	+33.1%	+21.5%
Q3 21	+35.6%	+20.6%
Q2 23	+15.5%	-6.3%
Q3 23	-7.1%	-13.6%
Q4 23	+23.1%	+9.3%
Q1 24	+20.0%	+4.0%
Q2 24	+14.6%	+12.7%
Q3 24	+24.1%	+27.6%
Q4 24	-7.3%	+9.0%
Q1 25	+41.4%	+20.0%
Q2 25	-29.3%	+39.9%
Q3 25	+16.5%	+36.9%
Q4 25	+14.1%	+33.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$85.0K	0.4%
Q2 24	$99.0K	0.5%
Q3 24	$276.0K	1.3%
Q4 24	$0	0.0%
Q1 25	$554.0K	1.9%
Q2 25	$435.0K	3.1%
Q3 25	$0	0.0%
Q4 25	$294.0K	1.3%

OpEx Breakdown

Quarter	G&A	S&M
Q3 20	$3M	—
Q4 20	$3M	—
Q1 21	$3M	—
Q2 21	$3M	—
Q3 21	$3M	$13.0K
Q2 23	$3M	$18.0K
Q3 23	$3M	$62.0K
Q4 23	$4M	$103.0K
Q1 24	$3M	$54.0K
Q2 24	$4M	$43.0K
Q3 24	$4M	$128.0K
Q4 24	$5M	$123.0K
Q1 25	$4M	$154.0K
Q2 25	$5M	$218.0K
Q3 25	$5M	$435.0K
Q4 25	—	$27M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$8M	$711M	$718M
Q2 22	$4M	$719M	$723M
Q3 22	$4M	$618M	$623M
Q4 22	$24M	$340M	$364M
Q1 23	$4M	$423M	$427M
Q2 23	$8M	$708M	$716M
Q3 23	$5M	$424M	$429M
Q4 23	$6M	$413M	$418M
Q1 24	$3M	$403M	$406M
Q2 24	$5M	$271M	$276M
Q3 24	$4M	$239M	$244M
Q4 24	$33M	$160M	$193M
Q1 25	$26M	$237M	$263M
Q2 25	$29M	$258M	$287M
Q3 25	$20M	$273M	$293M
Q4 25	$22M	$428M	$451M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	31M	+0.2%	+0.6%
Q4 20	31M	0.0%	+0.6%
Q1 21	31M	+1.7%	+2.3%
Q2 21	31M	+0.4%	+2.3%
Q3 21	31M	-0.5%	+1.5%
Q2 23	36M	+17.0%	+18.8%
Q3 23	40M	+9.0%	+27.3%
Q4 23	40M	-0.2%	+26.5%
Q1 24	40M	+0.5%	+27.8%
Q2 24	40M	+0.3%	+9.6%
Q3 24	40M	+0.3%	+0.9%
Q4 24	40M	-0.2%	+0.9%
Q1 25	40M	+0.6%	+1.1%
Q2 25	40M	+0.5%	+1.3%
Q3 25	40M	+0.1%	+1.0%
Q4 25	40M	-0.2%	+1.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$95.3K	132
Q4 20	$119.0K	125
Q1 21	$151.4K	125
Q2 21	$134.3K	125
Q3 21	$136.4K	125
Q2 23	$146.8K	117
Q3 23	$150.3K	117
Q4 23	$166.7K	124
Q1 24	$165.0K	124
Q2 24	$158.8K	124
Q3 24	$176.0K	124
Q4 24	$131.2K	146
Q1 25	$198.1K	146
Q2 25	$95.4K	146
Q3 25	$174.2K	146
Q4 25	$131.7K	166

Revenue / Employee