MIAMI and NEW YORK, March 30, 2026 (GLOBE NEWSWIRE) -- Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today announced financial results for the year ended December 31, 2025.
2025 Financial and Operational Highlights*
Revenue increased 12% to $94.2 million, compared to $83.9 million in 2024.
Stock borrow / stock loan revenue increased by 51% to $29.0 million, compared to $19.2 million in 2024.
Operating income decreased to $5.6 million compared to $17.5 million in 2024, primarily due to the buildout of new business lines and investments in technology initiatives.
Retail customer net worth increased 9% to $19.5 billion, compared to $18.0 billion at the end of 2024.
2025 Business Highlights
In the second quarter of 2025, Siebert made strategic investments totaling $2.4 million in FusionIQ, a cloud-native digital wealth management platform for advisors and institutions.
In 2025, Siebert began generating a new revenue stream from Name, Image, and Likeness (“NIL”) negotiation services for collegiate athletes working with university athletic departments and NIL collectives, and generated $0.6 million in revenue in 2025
Effective September 2025, Siebert amended its clearing agreement with National Financial Services, extending the relationship through October 2030.
Management Commentary
“2025 was a year of growth and investment for Siebert,” said John J. Gebbia, CEO of Siebert. “We increased revenue by double digits, expanded stock loan revenue by more than 50%, and grew retail customer net worth to $19.5 billion. At the same time, we made deliberate investments to expand our platform, enter new business lines, and strengthen our technology and operating capabilities for the future.”
Gebbia continued, “We are building Siebert for the long term. The work we put in place during 2025 gives us a broader base entering 2026, with new diverse revenue opportunities across financial services, technology, and other growth areas. As we move through 2026, our focus is on scaling these initiatives, deepening client relationships, and converting investment into stronger long-term earnings power and shareholder value.”
Andrew Reich, CFO of Siebert, added: “The decline in operating income in 2025 was driven mainly by the cost of launching and scaling initiatives across the business, including new business development, technology investments, and strategic investments such as FusionIQ. These were planned investments intended to expand our capabilities and support future growth.”
Reich added, “We enter 2026 with a more diversified revenue base and momentum in key parts of the business. Our priority is growing recurring and higher-quality revenue streams, managing costs carefully, and improving operating margin over time.”
*Refer to Siebert’s 2025 Form 10-K, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, for additional detail.
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