Binah Capital Group — Second Quarter 2026 Earnings Summary

Financial Performance

• Total revenue increased 12.1% year-over-year to $46.5 million for the quarter, compared to $41.5 million in Q2 2025.
• GAAP net income turned profitable at $0.3 million for the quarter, a 152% increase from a net loss of $0.7 million in the prior year period.
• GAAP diluted EPS improved to $(0.00) from $(0.06) in the prior year quarter, representing a 94% increase.
• EBITDA grew 546% to $1.0 million from $0.1 million in the prior year quarter.
• Adjusted EBITDA increased 21% to $1.2 million from $0.9 million in the prior year quarter.
• Gross profit rose 12.6% to $9.8 million from $8.8 million in the prior year period.
• Cash and cash equivalents stood at $10.5 million as of June 30, 2026.
• Outstanding long-term debt was $17.3 million as of June 30, 2026.
• Total advisory and brokerage assets under management (AuM) grew 13.4% year-over-year to $31.6 billion.
• For the six months ended June 30, 2026, total revenue was $95.2 million compared to $90.4 million in the prior year period.
• Net income for the six-month period was $2.2 million, compared to $0.4 million in the prior year period.

Business Segments and Product Lines

• Revenue from contracts with customers totaled $45.4 million for the quarter, driven by commissions of $38.1 million and advisory fees of $7.4 million.
• Interest and other income contributed $1.1 million to total revenue for the quarter.
• The company operates a network of industry-leading firms empowering independent financial advisors through a hybrid-friendly model.

Management Commentary and Tone

• CEO Craig Gould stated that the second quarter results demonstrate accelerating growth in wealth management by leveraging the company's differentiated platform.
• Management expressed satisfaction with operational strength and the team's ability to address customer needs.
• The company remains focused on identifying additional opportunities to bolster growth for the year.

Other Key Points

• The company is a financial services enterprise listed on NASDAQ under the ticker BCG and BCGWW.
• Binah specializes in a hybrid-friendly model designed to help Registered Investment Advisors (RIAs) run commission-based businesses seamlessly while providing resources to support advisory practices.
• Adjusted EBITDA is utilized in connection with the company's credit agreements for the calculation of financial-related covenants.
• The company disclosed forward-looking statements regarding financial and operational outlooks, operational strategies, and growth initiatives, noting risks related to regulatory compliance, advisor misconduct, and market conditions.