Siebert Reports Second Quarter 2025 Financial Results

MIAMI--(BUSINESS WIRE)--Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today reported financial results for the second quarter ended June 30, 2025.

Second Quarter 2025 Financial and Operational Highlights*

• Adjusted Revenue** was $21.7 million, compared to revenue of $20.9 million in the second quarter of 2024
• Realized a $2.4 million year-to-date total gain from an investment in an equity security, which Siebert acquired in connection with a private placement from a private U.S. company. The transition from a $9.2 million unrealized gain in the first quarter of 2025 to a $6.8 million loss in the second quarter of 2025 impacted the results of the first and second quarter of 2025.
• Adjusted Operating Income** was $1.0 million, compared to operating income of $5.6 million in the second quarter of 2024, primarily due to the additional investment in new personnel related to technology initiatives and expansion into new business lines such as investment banking and servicing active trader customers.
• Stock borrow/stock loan revenue was $7.5 million, compared to $4.7 million in the second quarter of 2024, reflecting meaningful growth in this business line

Second Quarter 2025 and Recent Business Highlights

• Added to the Russell 2000 Index, enhancing visibility with institutional investors
• Invested $2.0 million in IQvestment Holdings (“FusionIQ”), a cloud‑native digital wealth management platform
• Gebbia Media (a subsidiary of Siebert) acquired Big Machine Rock, expanding Siebert’s presence in the music industry
• Launched Gebbia Media’s Sports Division, providing holistic financial, tax, brand, wealth advisory services and financial literacy to elite athletes
• Introduced “Tactical Wealth” podcast through Gebbia Media, featuring military and veteran financial success stories, strengthening the bond with the military and veteran community.
• Rolled out the “Generation Wealth” marketing campaign via Gebbia Media to engage Generation Z investors with influencer‑driven, AI‑enhanced content

Management Commentary*

“The second quarter reflected continued progress across our strategic initiatives, as we strengthened our long‑term growth platform with investments in technology and digital wealth management, and expanded our reach through new media, sports, and entertainment offerings,” said John J. Gebbia, Chairman and CEO of Siebert. “While our financial results for the quarter were impacted by the quarterly loss on our equity investment following the IPO of the underlying company, we generated a total gain of $2.4 million on this investment year‑to‑date. We remain focused on executing our growth strategy, enhancing client experiences, and positioning Siebert to capitalize on opportunities in emerging markets and digital finance.”

Andrew Reich, CFO of Siebert, added: “The timing of the recording of the year-to-date $2.4 million gain from our equity investments resulted in our second quarter revenue and operating income being lower. We continue to invest in new personnel related to technology initiatives and expansion into new business lines such as investment banking and servicing active trader customers. We also advanced our strategic initiatives with the $2.0 million investment in FusionIQ and the acquisition of Big Machine Rock, reinforcing our commitment to long‑term growth and diversification. We believe these actions strengthen our foundation for sustainable performance and shareholder value creation.”

*Refer to Siebert’s 2025 Q2 10-Q, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations for further detail about the results of the quarter, including the investment in equity security.

**Adjusted revenue and operating income excludes the impact from the investment in equity security.

Notice to Investors

This communication is provided for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere.