Siebert Reports 2025 Financial Results
MWN-AI** Summary
Siebert Financial Corp. (NASDAQ: SIEB) has reported its financial results for 2025, highlighting noteworthy accomplishments and strategic investments. The company's revenue grew by 12%, reaching $94.2 million, up from $83.9 million in 2024. A standout segment was the stock borrow/loan revenue, which surged by 51% to $29.0 million compared to $19.2 million the prior year. However, operating income decreased significantly to $5.6 million, down from $17.5 million in 2024. This decline was attributed to substantial investments in new business lines and technology to position the company for future growth.
An important aspect of Siebert's strategy in 2025 included a $2.4 million investment in FusionIQ, a digital wealth management platform, during Q2. Additionally, the company launched a new revenue stream from Name, Image, and Likeness (NIL) services for collegiate athletes, generating $0.6 million in its first year. Siebert also extended its clearing agreement with National Financial Services, ensuring a strategic partnership through October 2030.
CEO John J. Gebbia emphasized 2025 as a year of growth and investment, framing it as a foundation for long-term success. He expressed confidence in their ability to deepen client relationships and enhance shareholder value moving into 2026 and beyond. CFO Andrew Reich echoed this sentiment, highlighting the firm's diversified revenue base and the focus on building higher-quality revenue streams while carefully managing costs and improving operating margins.
As a long-established member of the NYSE, Siebert provides a wide array of financial services through its various subsidiaries, continuing its legacy of valuing clients, shareholders, and employees alike.
MWN-AI** Analysis
Siebert Financial Corp. (NASDAQ: SIEB) has recently reported its 2025 financial results, showcasing a solid revenue growth of 12%, reaching $94.2 million. This growth reflects the increasing relevance of stock borrow/stock loan revenue, which surged by 51% to $29.0 million, marking a strategic shift in the company’s operations. However, investors should note that operating income declined to $5.6 million, down from $17.5 million in 2024, chiefly due to significant investments in new business lines and technology.
The strategic move to invest $2.4 million in FusionIQ and the initiation of Name, Image, and Likeness (NIL) services generate potential for long-term growth, despite short-term pressures on operating income. The anticipated scale of these initiatives, coupled with a commitment to diversify revenue sources, places Siebert in a position to enhance its earning power.
For investors, this presents a dual perspective. On one hand, the investment in technology and new business ventures may lead to sustained revenue diversification and growth in the long run, aligning with CEO John J. Gebbia's commitment to building a robust platform. On the other hand, the current depreciation in operating income signals possible near-term volatility and risk.
With retail customer net worth increasing by 9% to $19.5 billion, Siebert's foundational stability is evident. This is crucial for investor confidence as it indicates a growing client base and potential for increased transaction volumes. As Siebert endeavors to manage costs and enhance operating margins in 2026, the focus will be on scaling their initiatives and deepening client relationships.
In conclusion, while the initial financial performance for 2025 reveals challenges, the strategic investments and expanding revenue opportunities suggest a favorable long-term outlook for investors willing to navigate the associated risks. Careful monitoring of operational efficiency and market conditions will be vital as Siebert progresses into 2026.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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.
About Siebert Financial Corp.
Siebert is a diversified financial services company and has been a member of the NYSE since 1967, when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.
Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd., Gebbia Media LLC, and Siebert Crypto, LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage; investment banking and capital markets services; investment advisory and insurance offerings; securities lending; corporate stock plan administration solutions; in addition to sports management, entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.
Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.
These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert's business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to realize anticipated synergies or successfully implement new business plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert's Annual Report on Form 10-K for the year ended December 31, 2025, and Siebert's filings with the SEC.
Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.
For inquiries, please contact:
Deborah Kostroun
dkostroun@zitopartners.com
+1-201-403-8185
FAQ**
How does Siebert Financial Corp. SIEB's recent investments in technology and new business lines position them competitively in the financial markets of Miami compared to New York as of March 30, 2026?
With the reported increase in stock loan revenue for Siebert Financial Corp. SIEB, how might this trend influence market dynamics in Miami and New York's financial sectors moving forward?
Considering the growth in retail customer net worth at Siebert Financial Corp. SIEB, what are the implications for wealth management services in both Miami and New York through 2026?
How do Siebert Financial Corp. SIEB’s new NIL negotiation services differentiate them in the competitive landscapes of Miami and New York, particularly regarding collegiate athlete engagement?
**MWN-AI FAQ is based on asking OpenAI questions about Siebert Financial Corp. (NASDAQ: SIEB).
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