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SIEB on Nasdaq

SIEBERT FINANCIAL CORP

SIEBERT FINANCIAL CORP is an American security brokers company, incorporated in New York.1

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Last updated Oct 21, 2026.

Overview

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  • TickerSIEB on Nasdaq1
  • IndustrySecurity Brokers, Dealers & Flotation Companies1
  • HeadquartersNew York, New York1
  • Incorporated inNY2
  • Business address120 Wall Street, 25Th Floor, New York, Ny 100052
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Digital Solutions, Ltd. (“STXD”) is an inactive subsidiary headquartered in Bermuda.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.9%Operating margin5
5.4%Net margin5
12.3%Revenue growth, 20255
5.7%Return on equity5
0.05×Debt to equity5
$9.7MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Stock Borrow Stock Loan brought in 31% of the revenue SIEBERT FINANCIAL CORP broke down this way in fiscal 2025.

  1. Stock Borrow Stock Loan$29.0M531%up 51% from 2024
  2. Interest Marketing And Distribution Fees$27.6M529%down 15% from 2024
  3. Principal Transactions And Proprietary Trading$17.5M519%up 20% from 2024
  4. Commissions And Fees$8.9M59%down 7% from 2024
  5. Other Incomes$3.6M54%up 7% from 2024
  6. Advisory Fees$3.3M54%up 40% from 2024
  7. Market Making$2.2M52%down 3% from 2024
  8. Investment Banking$769.0K51%
  9. Music And Artist Services Revenue$616.0K51%
  10. NILRevenue$594.0K51%
Products and services by year
Products and services20242025
Stock Borrow Stock Loan$19.2M$29.0M
Interest Marketing And Distribution Fees$32.4M$27.6M
Principal Transactions And Proprietary Trading$14.6M$17.5M
Commissions And Fees$9.6M$8.9M
Other Incomes$3.4M$3.6M
Advisory Fees$2.4M$3.3M
Market Making$2.3M$2.2M
Investment Banking$769.0K
Music And Artist Services Revenue$616.0K
NILRevenue$594.0K

Business segments

Financial Services brought in 99% of the revenue SIEBERT FINANCIAL CORP broke down this way in fiscal 2025.

  1. Financial Services$93.0M599%up 11% from 2024
  2. Media Sports And Entertainment$1.2M51%
Business segments by year
Business segments20242025
Financial Services$83.9M$93.0M
Media Sports And Entertainment$1.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs94¢$88.6M
  • Income tax0¢$445.0K
  • Profit5¢$5.1M

Out of $94.2M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending5¢$552.0K
  • Kept or used elsewhere95¢$9.7M

Out of $10.2M of cash from operations.5

Financial statements

Revenue6789105$94.2M in 2025+120% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $42.8M$42.8M20192020: $54.9M$54.9M2020+28%2021: $67.5M$67.5M2021+23%2022: $50.1M$50.1M2022−26%2023: $71.5M$71.5M2023+43%2024: $83.9M$83.9M2024+17%2025: $94.2M$94.2M2025+12%
Operating income89105$5.6M in 2025−15% since 2021
0$5.0M$10.0M$15.0M$20.0M2021: $6.6M$6.6M20212022: $440.0K$440.0K2022−93%2023: $18.1M$18.1M2023+4020%2024: $17.5M$17.5M2024−4%2025: $5.6M$5.6M2025−68%
Net income67895$5.1M in 2025+58% since 2019
-$5.0M0$5.0M$10.0M$15.0M2019: $3.2M$3.2M20192020: $3.0M$3.0M2020−8%2021: $5.1M$5.1M2021+70%2022: -$2.0M-$2.0M20222023: $7.8M$7.8M20232024: $13.3M$13.3M2024+70%2025: $5.1M$5.1M2025−62%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Commissions and fees$8.9M$9.6M
Interest, marketing and distribution fees$27.6M$32.4M
Principal transactions and proprietary trading$17.5M$14.6M
Market making$2.2M$2.3M
Stock borrow / stock loan$29.0M$19.2M
Advisory fees$3.3M$2.4M
Other income$4.8M$3.4M
Investment banking$769.0K
Total Revenue$94.2M$83.9M
Employee compensation and benefits$58.5M$44.0M
Clearing fees, including execution costs$2.1M$1.6M
Technology and communications$5.3M$3.9M
Other general and administrative$6.9M$4.5M
Data processing$4.0M$3.2M
Rent and occupancy$1.9M$1.6M
Professional fees$6.0M$5.6M
Depreciation and amortization$2.4M$1.4M
Interest expense$452.0K$262.0K
Advertising and promotion$1.1M$348.0K
Total Expenses$88.6M$66.4M
Operating income$5.6M$17.5M
Income before provision for income taxes$5.6M$17.5M
Provision for income taxes$445.0K$4.2M
Net income$5.1M$13.3M
Less net income attributable to noncontrolling interests$17.0K
Net income available to common stockholders$5.1M$13.3M
Basic (in Dollars per share)$0.13$0.33
Diluted (in Dollars per share)$0.13$0.33
Basic (in Shares)40.4M shares40.0M shares
Diluted (in Shares)40.4M shares40.0M shares

Compare SIEBERT FINANCIAL CORP with another company

Corporate structure

SIEBERT FINANCIAL CORP sits at the top of its group. 9 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SIEBERT FINANCIAL CORP

  • Gloria E. Gebbia Filed SCHEDULE 13D/A on SIEBERT FINANCIAL CORP, latest Aug 28, 2026 (6 filings since May 22, 2025)
  • Richard Gebbia Filed SCHEDULE 13D/A on SIEBERT FINANCIAL CORP, latest Mar 5, 2025 (4 filings since Jun 29, 2023)
  • John M. Gebbia Filed SC 13D/A on SIEBERT FINANCIAL CORP, latest Jun 21, 2023 (2 filings since Apr 13, 2023)
  • Kakaopay Corp Filed SC 13D on SIEBERT FINANCIAL CORP, latest May 30, 2023
  • Andrew McDonald Filed SC 13G/A on SIEBERT FINANCIAL CORP, latest Nov 7, 2022 (2 filings since Nov 19, 2021)
  • SIEBERT FINANCIAL CORP New York, New York
    • 1. Muriel Siebert & Co., LLC Subsidiary · Delaware, United States
    • 2. Siebert AdvisorNXT, LLC Subsidiary · New York, United States
    • 3. Park Wilshire Companies, Inc. Subsidiary · Texas, United States
    • 4. Siebert Technologies, LLC Subsidiary · Nevada, United States
    • 5. RISE Financial Services, LLC Subsidiary · Delaware, United States
    • 6. StockCross Digital Solutions, Ltd. Subsidiary · Bermuda
    • 7. Gebbia Media, LLC Subsidiary · Florida, United States
    • 8. Siebert Crypto, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SIEBERT FINANCIAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$8.0M5 Dec 31, 2025$5.9M5 Dec 31, 2024+37.1%
Property and equipment, before depreciation$12.8M5 Dec 31, 2025$11.9M5 Dec 31, 2024+7.7%
Accumulated depreciation$2.5M5 Dec 31, 2025$1.7M5 Dec 31, 2024+46.1%
Property and equipment, net$10.4M5 Dec 31, 2025$10.2M5 Dec 31, 2024+1.4%
Operating-lease assets (leased space)$2.3M5 Dec 31, 2025$2.4M5 Dec 31, 2024−5.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$22.4M5 Dec 31, 2025$32.6M5 Dec 31, 2024−31.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.3M5 Dec 31, 2025$2.3M5 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$908.0K5 Dec 31, 2025$697.0K5 Dec 31, 2024+30.3%

Properties, in its own words

We currently maintain our headquarters and 13 branch offices that customers can visit to obtain market information, place orders, open accounts, deliver and receive checks and securities, and obtain related customer services in person. Such offices are in satisfactory operating condition to conduct business and are used by both reportable segments. Nevertheless, most of our activities are conducted on the internet or by telephone and mail. We operate our business out of the following offices:

Approximate Square Feet

The rest of Item 2

Corporate Headquarters

Miami Beach, FL – 653 Collins Avenue · 12,000

Branch Offices

Beverly Hills, CA – 190 N Canon · 900

Beverly Hills, CA – 9378 Wilshire · 3,500

Boca Raton, FL · 1,600

Boston, MA · 300

Chicago, IL · 3,300

Dallas, TX · 300

Feasterville-Trevose, PA · 1,000

Nashville, TN · 4,000

New York, NY · 8,000

Seal Beach, CA · 800

Tampa, FL · 1,000

Washington, D.C. · 1,200

Wilmington, NC · 800

Item 2 of the 10-K filed Mar 30, 2026.4

Leadership

Who has led SIEBERT FINANCIAL CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John J. Gebbia2025–now

Chief financial officer

  1. Joseph M. Ramos Jr.2006
  2. Andrew H. Reich2016–now

Chief operating officer

  1. Andrew H. Reich2016–now
2010201520202025
Board members and other officers (15)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1. Muriel Siebert & Co., LLC Delaware3
  • 2. Siebert AdvisorNXT, LLC New York3
  • 3. Park Wilshire Companies, Inc. Texas3
  • 4. Siebert Technologies, LLC Nevada3
  • 5. RISE Financial Services, LLC Delaware3
  • 6. StockCross Digital Solutions, Ltd. Bermuda3
  • 7. Gebbia Media, LLC Florida3
  • 8. Siebert Crypto, LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • MICHAELS J INCAug 3, 1995 to Oct 11, 19962

Timeline

  1. Sep 25, 20268-K Executive or director change30
  2. Nov 21, 20258-K Shareholder vote31
  3. Oct 31, 20258-K Entered a material agreement32
  4. Jun 27, 20258-K Entered a material agreement33
  5. Jun 12, 2025New chief executive John J. Gebbia becomes CEO13
  6. Apr 10, 20258-K Other events34
  7. Dec 19, 20248-K Entered a material agreement; New debt or obligation35
  8. Nov 5, 20248-K Shareholder vote36
  9. Aug 20, 20248-K Entered a material agreement; New debt or obligation37
  10. Jul 26, 20248-K Change of auditor38
  11. May 16, 20248-K Change of auditor39
  12. Apr 24, 20248-K Listing notice or transfer; Regulation FD disclosure40
  13. Apr 10, 20248-K Shareholder vote41

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202642

When it reported results

  1. Nov 13, 2023Reported quarterly or annual results43
  2. May 25, 2022Reported quarterly or annual results44
  3. Apr 4, 2022Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

189 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 31 major events, 75 insider forms, 17 large holders, 44 other. The latest 20:

  1. Oct 8, 2026ARS EDGAR
  2. Oct 8, 2026DEFA14A EDGAR
  3. Oct 8, 2026DEF 14A EDGAR
  4. Sep 30, 20264 EDGAR
  5. Sep 30, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Sep 30, 20264 EDGAR
  7. Sep 30, 20264 EDGAR
  8. Sep 30, 20264 EDGAR
  9. Sep 25, 20268-K CURRENT REPORT EDGAR
  10. Sep 4, 20264 EDGAR
  11. Sep 4, 20264 EDGAR
  12. Sep 4, 20264 EDGAR
  13. Sep 4, 20264 EDGAR
  14. Sep 4, 20264 EDGAR
  15. Aug 28, 2026SCHEDULE 13D/A EDGAR
  16. Aug 28, 20264 EDGAR
  17. Aug 28, 20264 EDGAR
  18. Aug 28, 20264 EDGAR
  19. Aug 28, 20264 EDGAR
  20. Aug 28, 20264 EDGAR

The 189 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 1 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 28, 2026Gebbia RichardBuy15,000$1.86$27.9KForm 4
Apr 10, 2023Gebbia John M.DirectorSale200,000$1.85$370.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Gloria E. GebbiaSCHEDULE 13D/A, 6 filings May 22, 2025 to Aug 28, 202646
  • Richard GebbiaSCHEDULE 13D/A, 4 filings Jun 29, 2023 to Mar 5, 202547
  • John M. GebbiaSC 13D/A, 2 filings Apr 13, 2023 to Jun 21, 202348
  • Kakaopay CorpSC 13D, 1 filing May 30, 202349
  • Andrew McDonaldSC 13G/A, 2 filings Nov 19, 2021 to Nov 7, 202250

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John J. GebbiaChief Executive Officer, Director and Chairman87$975.0K$1.5M51
2025Andrew H. ReichExecutive Vice President, Chief Operating Officer, Chief Financial Officer, Director and Secretary71$300.0K$612.0K51
2024John J. GebbiaChief Executive Officer, Director and Chairman87$840.0K$1.3M51
2024Andrew H. ReichExecutive Vice President, Chief Operating Officer, Chief Financial Officer, Director and Secretary71$272.0K$584.0K51

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 48. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Cantor Fitzgerald, L. P.1,031,822$1.7M0.0%New
Vanguard Capital Management LLC549,720$907.0K0.0%−899
Geode Capital Management, LLC253,888$419.2K0.0%−181,651
Cetera Investment Advisers146,990$242.5K0.0%+531
Millennium Management LLC121,232$200.0K0.0%New
Vanguard Fiduciary Trust Co107,626$177.6K0.0%−5,269
BlackRock, Inc.101,946$168.2K0.0%−677,640
Goldman Sachs Group Inc56,158$92.7K0.0%+20,090
Jane Street Group, LLC55,771$92.0K0.0%New
State Street Corp50,650$83.6K0.0%−93,584
Citadel Advisors LLC48,906$80.7K0.0%+21,561
Susquehanna International Group, Llp48,308$79.7K0.0%+19,643
Northern Trust Corp42,312$69.8K0.0%−96,313
Bridgeway Capital Management, LLC35,307$58.3K0.0%−21,953
Dimensional Fund Advisors LP26,299$43.5K0.0%−8,542
Aqr Capital Management LLC25,273$41.7K0.0%New
UBS Group AG22,296$36.8K0.0%−138,297
Morgan Stanley22,084$36.4K0.0%+13,852
Williams & Novak, LLC21,900$36.1K0.0%+6,100
Qube Research & Technologies Ltd21,315$35.2K0.0%New
Renaissance Technologies LLC21,000$34.6K0.0%−800
XTX Topco Ltd17,780$29.3K0.0%New
American Century Companies Inc11,545$19.0K0.0%−1,543
Point72 Asset Management, L.P.11,398$18.8K0.0%New
Vanguard Global Advisers, LLC9,447$15.6K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How SIEBERT FINANCIAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSIEBERT FINANCIAL CORP1
  • CIK0000065596
  • Employer ID (EIN)11-17967144
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNew York4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address120 Wall Street, 25Th Floor, New York, NY 100051
  • Phone212-644-24001
  • Shares outstanding41,100,936 as of Aug 11, 202612
  • Public float$62.0M as of Jun 30, 20254
  • AuditorCrowe LLP, New York PCAOB ID 173; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 3, 19951
  • Filings635 in all: 4 (174), 8-K (90), 10-Q (88), DEF 14A (31), 10-K (30), SC 13D/A (26), 3 (17), DEFA14A (16)1
    All 55 form types

    UPLOAD (16), 10-K/A (11), ARS (11), CORRESP (10), S-8 (7), SCHEDULE 13D/A (7), 10QSB (6), POS AM (6), 8-K/A (5), NT 10-K (5), S-1/A (5), SC 13G (5), SC TO-T/A (5), DEF 14C (4), EFFECT (4), NT 10-Q (4), PRE 14C (4), S-3 (4), SC 13D (4), 10-Q/A (3), 424B3 (3), SC 13G/A (3), 4/A (2), 424B4 (2), 424B5 (2), DEFR14A (2), PRE 14A (2), S-1 (2), 10-K405/A (1), 10KSB (1), 10KSB/A (1), 10QSB/A (1), 144 (1), 424B1 (1), 8-A12G (1), CT ORDER (1), DEFM14A (1), NT 10-K/A (1), NTN 10K (1), PREM14A (1), PRER14C (1), S-3/A (1), SC 14D9 (1), SC 14F1 (1), SC TO-C (1), SC TO-T (1), SC14D9C (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Proxy statement (DEF 14A) Oct 8, 2026
    Latest 8-K (8-K) Sep 25, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock - $0.01 par valueSIEBNasdaq

From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks SIEBERT FINANCIAL CORP names in Item 1A of its 10-K filed Mar 30, 2026: 26 risks under these headings, as written.4

  • Regulatory Risks
  • Legislation has and may continue to result in changes to rules and regulations applicable to our business, which may negatively impact our business and financial results.
  • We are subject to extensive government regulation and to third party litigation risk and regulatory risk which could result in significant liabilities and reputational harm which, in turn, could materially adversely affect our business, results of operations and financial condition.
  • We are subject to net capital requirements.
  • Risks Related to Our Technology and Information Systems
  • We rely on information processing and communications systems to process and record our transactions.
  • We rely on third-party platforms for information and communications systems.
  • Failure to protect client data or prevent breaches of our information systems could expose us to liability or reputational damage.
  • We may be exposed to damage to our business or our reputation by cybersecurity breaches.
  • An increase in volume on our systems or other events could cause them to malfunction.
  • Rapid market or technological changes may render our technology obsolete or decrease the attractiveness of our products and services to our clients.
  • Risks Related to Our Business Operations
The other 17 risks
  • Potential strategic acquisitions and other business growth could increase costs and regulatory and integration risks.
  • We depend on our ability to attract and retain key personnel.
  • We do not own the Muriel Siebert and Siebert names, but we may use them as part of our corporate name pursuant to a license agreement. Use of the names by other parties or the expiration or termination of our license agreement may harm our business.
  • Our customers may fail to pay us.
  • Our advisory services subject us to additional risks.
  • New lines of business or new products and services may subject us to additional risks.
  • Risks Related to Our Common Stock
  • There may be a limited public market for our common stock; Volatility.
  • Our principal shareholder has significant influence over us.
  • Future sales of our common stock in the public market could cause the market price of our common stock to drop significantly, even if our business is doing well.
  • The price of our common stock in the public markets has experienced, and may in the future experience, extreme volatility due to a variety of factors, many of which are beyond our control.
  • Our future ability to pay dividends to holders of our common stock is subject to the discretion of our Board of Directors and will be limited by our ability to generate sufficient earnings and cash flows.
  • Risks Related to Our Industry and Market
  • Securities market volatility and other securities industry risk could adversely affect our business.
  • Interest rate changes could affect our profitability.
  • A prolonged economic slowdown, volatility in the markets, a recession, and uncertainty in the markets could impair our business and harm our operating results.
  • There is intense competition in the brokerage industry.
  • Lower price levels in the securities markets may reduce our profitability.
  • The soundness of other financial institutions and intermediaries affects us.

Legal proceedings

In the normal course of business, we may be subject to various proceedings and claims arising from our business activities, including lawsuits, arbitration claims and regulatory matters. We are also involved in other reviews, investigations and proceedings by governmental and self-regulatory organizations regarding the business, which may result in adverse judgments, settlements, fines, penalties, injunctions and other relief. In many cases, however, it is inherently difficult to determine whether any loss is probable or reasonably possible or to estimate the amount or range of any potential loss, particularly where proceedings may be in relatively early stages. In our opinion, based on currently available information, the ultimate resolution of current matters will not have a material adverse impact on our financial position and results of operations. However, resolution of one or more of these matters may have a material effect on the results of operations in any future period, depending upon the ultimate resolution of those matters and depending upon the level of income for such period.

The opening of Item 3, Legal Proceedings.4

Sources

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