MIAMI and NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ:SIEB) (“Siebert”), a diversified provider of financial services, today announced financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Financial and Operational Highlights
- Total revenue was $23.5 million for the first quarter of 2026.
- Stock borrow/stock loan revenue increased 41% to $6.8 million, compared to $4.8 million in the first quarter of 2025.
- Advisory fees increased 35% to $1.0 million, compared to $0.7 million in the first quarter of 2025.
- Commissions and fees increased 11% to $2.3 million, compared to $2.1 million in the first quarter of 2025.
- Investment banking revenue was $1.6 million, adding to Siebert’s diversified revenue mix.
- Retail customer net worth was $18.8 billion at quarter’s end.
- Net loss was $2.0 million, compared to net income of $8.7 million in the first quarter of 2025.*
- Basic and diluted loss per share was $0.05, compared to basic and diluted earnings per share of $0.22 in the first quarter of 2025.*
For the three months ended March 31, 2026, Siebert’s results compared to the prior-year period reflected continued growth across core business lines, including stock borrow/stock loan and investment banking, offset by lower interest-related revenue, higher operating expenses, impairment of goodwill and an intangible asset related to our Media, Sports, and Entertainment divisions, as well as the $9.2 million unrealized gain recognized during the prior-year period related to our pre-IPO investment in restricted equity securities of a U.S. company that completed an IPO on March 31, 2025.
*The year-over-year comparison was affected by the $9.2 million non-cash unrealized gain recorded in the first quarter of 2025 on the restricted equity securities investment. Following the expiration of contractual resale restrictions on the equity securities, Siebert sold the majority of its position and recognized a net gain of $2.4 million related to the investment.
First Quarter 2026 and Recent Business Highlights
- Siebert Financial and Newsmax expanded their strategic partnership …