Binah Capital Group — Third Quarter 2026 Earnings Summary

Financial Performance:

• Total revenue increased 9.4% year-over-year to $50.6 million for the third quarter of 2026, compared to $46.2 million in the prior year period.
• GAAP net income rose 44.4% year-over-year to $2.6 million for the third quarter of 2026, up from $1.8 million in the prior year period.
• GAAP diluted earnings per share (EPS) increased 62.5% to $0.13 for the third quarter of 2026, compared to $0.08 in the prior year quarter.
• Gross profit (non-GAAP) increased 11.1% to $10.0 million for the third quarter of 2026, compared to $9.0 million in the prior year period.
• EBITDA (non-GAAP) grew 74.1% to $4.7 million for the third quarter of 2026, compared to $2.7 million in the prior year period.
• Adjusted EBITDA (non-GAAP) increased 69.0% to $4.9 million for the third quarter of 2026, compared to $2.9 million in the prior year period.
• For the nine months ended September 30, 2026, total revenue was $145.8 million compared to $136.6 million in the prior year period.
• For the nine months ended September 30, 2026, GAAP net income was $4.9 million compared to $2.1 million in the prior year period.
• Cash and cash equivalents were $13.2 million as of September 30, 2026.
• Outstanding long-term debt was $16.7 million as of September 30, 2026.
• Total advisory and brokerage assets under management (AuM) increased 5.0% year-over-year to $31.4 billion as of September 30, 2026, compared to $29.9 billion in the prior year period.

Business Segments and Product Lines:

• Revenue from contracts with customers (commissions and advisory fees) totaled $49.4 million for the third quarter of 2026, compared to $44.8 million in the prior year period.
• Commissions revenue was $41.3 million for the third quarter of 2026, compared to $37.4 million in the prior year period.
• Advisory fees revenue was $8.1 million for the third quarter of 2026, compared to $7.4 million in the prior year period.
• Interest and other income was $1.2 million for the third quarter of 2026, compared to $1.4 million in the prior year period.

Management Commentary and Tone:

• CEO Craig Gould stated that third-quarter results underscore momentum in accelerating wealth management growth by leveraging the company's differentiated platform.
• Management highlighted improved performance across all key metrics on a year-over-year basis, including total revenue growth, higher net income, EBITDA, and increased AuM.
• Management expressed pleasure with the solid operational resilience demonstrated by teams in addressing customer needs.
• Management indicated a continued focus on taking advantage of additional opportunities to bolster growth for the year.

Other Key Points:

• The company operates as a financial services enterprise owning and operating a network of firms empowering independent financial advisors.
• Binah utilizes a hybrid-friendly model designed to help Registered Investment Advisors (RIAs) run, manage, and execute commission-based business 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 press release includes forward-looking statements regarding financial and operational outlooks, strategies, and growth initiatives, subject to risks including regulatory compliance, advisor misconduct liability, and market conditions.