Siebert Reports Third Quarter 2025 Financial Results

Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today reported financial results for the third quarter ended September 30, 2025.

Third Quarter 2025 Financial and Operational Highlights*

• Revenue increased by 19% to $26.8 million compared to the prior-year quarter
• Principal transactions increased by 9.7% to $4.6 million compared to the prior-year quarter
• Stock borrow/stock loan increased by 73.7% to $10.0 million compared to the prior-year quarter
• Advisory fees increased by 32.1% to $0.8 million compared to the prior-year quarter
• Operating income decreased by 54.8% to $2.2 million compared to the prior-year quarter
  
  

Third Quarter 2025 and Recent Business Highlights

• Renewed the clearing relationship with National Financial Services (“NFS”), a subsidiary of Fidelity Global Brokerage Group, Inc., extending the firms’ long-standing relationship for an additional five-year term. This renewal underscores a partnership that has thrived for more than three decades, built on shared values of innovation, reliability, and client service excellence.
• Launched Digital Assets Research and appointed Brian P. Vieten as Research Analyst to deliver institutional-grade coverage across crypto, blockchain infrastructure, and public companies with digital-asset exposure.
• Debuted “Generation Wealth,” a multi-platform marketing campaign built by Gebbia Media to engage Gen Z with relevant, creator-driven content across digital and out-of-home channels.
  
  

Management Commentary*
“The third quarter showed the growth engine Siebert is building. We grew revenue year over year and focused on areas where we can scale quickly. We launched Digital Assets Research to provide clients with real insight, and we are engaging like never before with the next generation of investors,” said John J. Gebbia, CEO. “Renewing our clearing agreement with NFS underscores Siebert’s growth momentum and commitment to long-term scalability. For over 30 years, NFS has been a trusted partner in helping us deliver high-quality client service, and this extension reflects the strength of our collaboration and our shared focus on innovation and excellence.”

Andrew Reich, CFO, added: “The quarter reflects disciplined growth. Core contributions from principal transaction activity, stock borrow and loan, as well as advisory fees, have improved versus last year. Our operating income has decreased from the prior year due to our investments in new business lines such as investment banking, Siebert Pro, as well as Gebbia Media, which are helping us to diversify and expand the breadth of our customer base and product offering. In the long term, our core business as well as our new business lines will help to scale our model and deliver our key objectives: grow recurring revenue, lift margins, and compound shareholder value over time.”

*Refer to Siebert’s 2025 Q3 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.