Binah Capital Financials
This page shows Binah Capital (BCG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Binah Capital's recovery in FY2025 was driven less by lower financing drag than by stronger cash conversion.
From FY2024 to FY2025, operating cash flow swung from-$617K to$5.2M while revenue was only modestly higher, so the rebound was not just a sales story. Interest expense fell to$2.1M from$4.0M , which helps explain why accounting profit and cash generation improved together instead of diverging.
The balance sheet is less levered than in FY2023, with debt-to-equity down from 12.2x to 2.8x. But goodwill concentration remains high, with
The business also looks very asset-light: FY2025 capital spending was just
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Binah Capital's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Binah Capital's revenue grew 10.8% year-over-year to $187.1M, a solid pace of expansion. This earns a growth score of 43/100.
Binah Capital has a moderate D/E ratio of 2.84. This balance of debt and equity financing earns a leverage score of 44/100.
Binah Capital's free cash flow margin of 2.7% results in a low score of 29/100. Capital expenditures of $61K absorb a large share of operating cash flow.
Binah Capital generates a 12.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from -28.2% the prior year.
Binah Capital passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Binah Capital generates $2.23 in operating cash flow ($5.2M OCF vs $2.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Binah Capital generated $187.1M in revenue in fiscal year 2025. This represents an increase of 10.8% from the prior year.
Binah Capital reported $2.3M in net income in fiscal year 2025. This represents an increase of 150.6% from the prior year.
Binah Capital earned $0.04 per diluted share (EPS) in fiscal year 2025. This represents an increase of 110.3% from the prior year.
Cash & Balance Sheet
Binah Capital generated $5.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 825.1% from the prior year.
Binah Capital held $10.7M in cash against $0 in long-term debt as of fiscal year 2025.
Binah Capital had 17M shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.
Margins & Returns
Binah Capital's net profit margin was 1.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.9 percentage points from the prior year.
Binah Capital's ROE was 12.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 40.8 percentage points from the prior year.
Capital Allocation
Binah Capital invested $61K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 28.2% from the prior year.
BCG Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.7M-3.6% | $50.5M+9.3% | $46.2M+11.3% | $41.5M-15.2% | $48.9M+9.7% | $44.6M+5.7% | $42.2M+3.8% | $40.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $519K+9.0% | $476K-10.9% | $534K-1.7% | $543K-4.1% | $566K-59.4% | $1.4M+79.9% | $775K-2.5% | $795K |
| Income Tax | $755K | N/A | $190K+104.3% | $93K-78.0% | $423K-19.6% | $526K-2.0% | $537K+152.1% | $213K |
| Net Income | $1.9M+1024.9% | $169K-90.4% | $1.8M+369.1% | -$654K-163.3% | $1.0M+383.0% | -$365K+68.3% | -$1.1M-56.3% | -$736K |
| EPS (Diluted) | $0.09 | N/A | $0.08+300.0% | $-0.04-200.0% | $0.04 | N/A | $-0.09-125.0% | $-0.04 |
BCG Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $71.3M+1.5% | $70.2M+3.9% | $67.6M-0.3% | $67.8M-0.1% | $67.9M+1.8% | $66.7M-0.4% | $67.0M+1.4% | $66.1M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $10.5M-1.8% | $10.7M+28.5% | $8.3M+2.1% | $8.2M-7.4% | $8.8M+3.9% | $8.5M+17.0% | $7.3M+3.2% | $7.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $39.8M0.0% | $39.8M0.0% | $39.8M0.0% | $39.8M0.0% | $39.8M0.0% | $39.8M0.0% | $39.8M0.0% | $39.8M |
| Total Liabilities | $50.8M-2.2% | $51.9M+5.0% | $49.5M-3.8% | $51.4M+1.0% | $50.9M+0.7% | $50.5M+2.1% | $49.5M+1.5% | $48.8M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $20.4M+11.8% | $18.3M+0.9% | $18.1M+10.4% | $16.4M-3.6% | $17.0M+5.1% | $16.2M-7.5% | $17.5M+1.0% | $17.3M |
| Retained Earnings | -$20.6M+8.5% | -$22.5M-6.6% | -$21.1M+7.7% | -$22.9M-2.9% | -$22.2M+4.4% | -$23.3M-4.9% | -$22.2M-5.5% | -$21.0M |
BCG Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $538K-82.7% | $3.1M+233.3% | $931K+1377.8% | $63K-94.0% | $1.1M-42.0% | $1.8M+667.5% | -$320K-131.3% | $1.0M |
| Capital Expenditures | $11K+83.3% | $6K-87.2% | $47K | $0-100.0% | $8K-88.1% | $67K | $0-100.0% | $7K |
| Free Cash Flow | $527K-83.0% | $3.1M+250.3% | $884K+1303.2% | $63K-94.0% | $1.0M-40.2% | $1.7M+646.6% | -$320K-131.5% | $1.0M |
| Investing Cash Flow | -$11K-83.3% | -$6K+87.2% | -$47K | $0+100.0% | -$8K+88.1% | -$67K | $0+100.0% | -$7K |
| Financing Cash Flow | -$717K+0.4% | -$720K-0.7% | -$715K-0.1% | -$714K-0.4% | -$711K-37.8% | -$516K-194.2% | $548K+420.5% | -$171K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BCG Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 3.9%+3.6pp | 0.3%-3.5pp | 3.8%+5.4pp | -1.6%-3.7pp | 2.1%+2.9pp | -0.8%+1.9pp | -2.7%-0.9pp | -1.8% |
| Return on Equity | 9.3%+8.4pp | 0.9%-8.8pp | 9.7%+13.7pp | -4.0%-10.1pp | 6.1%+8.3pp | -2.3%+4.3pp | -6.6%-2.3pp | -4.3% |
| Return on Assets | 2.7%+2.4pp | 0.2%-2.4pp | 2.6%+3.6pp | -1.0%-2.5pp | 1.5%+2.1pp | -0.5%+1.2pp | -1.7%-0.6pp | -1.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 2.49-0.4 | 2.84+0.1 | 2.73-0.4 | 3.14+0.1 | 2.99-0.1 | 3.12+0.3 | 2.83+0.0 | 2.82 |
| FCF Margin | 1.1%-5.1pp | 6.1%+4.2pp | 1.9%+1.8pp | 0.1%-2.0pp | 2.1%-1.8pp | 3.9%+4.7pp | -0.8%-3.3pp | 2.5% |
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Frequently Asked Questions
What is Binah Capital's annual revenue?
Binah Capital (BCG) reported $187.1M in total revenue for fiscal year 2025. This represents a 10.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Binah Capital's revenue growing?
Binah Capital (BCG) revenue grew by 10.8% year-over-year, from $168.9M to $187.1M in fiscal year 2025.
Is Binah Capital profitable?
Yes, Binah Capital (BCG) reported a net income of $2.3M in fiscal year 2025, with a net profit margin of 1.2%.
What is Binah Capital's net profit margin?
Binah Capital (BCG) had a net profit margin of 1.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Binah Capital's return on equity (ROE)?
Binah Capital (BCG) has a return on equity of 12.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Binah Capital's free cash flow?
Binah Capital (BCG) generated $5.1M in free cash flow during fiscal year 2025. This represents a 825.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Binah Capital's operating cash flow?
Binah Capital (BCG) generated $5.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Binah Capital's total assets?
Binah Capital (BCG) had $70.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Binah Capital's capital expenditures?
Binah Capital (BCG) invested $61K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Binah Capital's debt-to-equity ratio?
Binah Capital (BCG) had a debt-to-equity ratio of 2.84 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Binah Capital's return on assets (ROA)?
Binah Capital (BCG) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Binah Capital's Piotroski F-Score?
Binah Capital (BCG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Binah Capital's earnings high quality?
Binah Capital (BCG) has an earnings quality ratio of 2.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Binah Capital?
Binah Capital (BCG) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.