BGC Group, Inc. Financials
This page shows BGC Group, Inc. (BGC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
An asset-light cash engine is funding heavy buybacks and dividends, while rising leverage limits how much growth reaches equity.
Across recent years, operating cash flow held in a$315M -$405M band while capex stayed small, showing an asset-light model where accounting profit understates the cash the business can actually redeploy. That cash was largely recycled to buybacks instead of balance-sheet repair, which fits the move to 1.8x debt to equity and$1.78B of long-term debt in the latest year.
Revenue has expanded, but margin recovery is incomplete: the latest net margin was
In the latest year, buybacks plus dividends consumed about
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 BGC Group, Inc.'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.
BGC Group, Inc.'s revenue surged 30.0% year-over-year to $2.9B, reflecting rapid business expansion. This strong growth earns a score of 68/100.
BGC Group, Inc. carries a low D/E ratio of 1.83, meaning only $1.83 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.
BGC Group, Inc. has a free cash flow margin of 12.7%, earning a moderate score of 60/100. The company generates positive cash flow after capital investments, but with room for improvement.
BGC Group, Inc.'s ROE of 15.9% shows moderate profitability relative to equity, earning a score of 40/100. This is up from 13.7% the prior year.
BGC Group, Inc. 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, BGC Group, Inc. generates $2.54 in operating cash flow ($394.4M OCF vs $155.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
BGC Group, Inc. generated $2.9B in revenue in fiscal year 2025. This represents an increase of 30.0% from the prior year.
BGC Group, Inc. reported $155.0M in net income in fiscal year 2025. This represents an increase of 25.8% from the prior year.
BGC Group, Inc. earned $0.31 per diluted share (EPS) in fiscal year 2025. This represents an increase of 24.0% from the prior year.
Cash & Balance Sheet
BGC Group, Inc. generated $372.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 30.5% from the prior year.
BGC Group, Inc. held $851.5M in cash against $1.8B in long-term debt as of fiscal year 2025.
BGC Group, Inc. paid $0.08 per share in dividends in fiscal year 2025. This represents an increase of 14.3% from the prior year.
Margins & Returns
BGC Group, Inc.'s net profit margin was 5.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.
BGC Group, Inc.'s ROE was 15.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.
Capital Allocation
BGC Group, Inc. spent $281.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 7.4% from the prior year.
BGC Group, Inc. invested $21.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 27.5% from the prior year.
BGC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $955.5M+26.3% | $756.4M+2.6% | $736.8M-6.0% | $784.0M+18.0% | $664.2M+16.1% | $572.3M+2.0% | $561.1M+1.9% | $550.8M |
| 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 | $35.9M | 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 | $32.5M-1.8% | $33.0M-2.3% | $33.8M+0.1% | $33.8M+37.1% | $24.7M+1.6% | $24.3M-3.4% | $25.1M+16.6% | $21.6M |
| Income Tax | $32.0M+125.8% | $14.2M+90.5% | $7.4M-61.0% | $19.1M-28.2% | $26.5M+585.5% | $3.9M-35.4% | $6.0M-66.7% | $18.0M |
| Net Income | $84.1M+485.5% | $14.4M-48.5% | $27.9M-51.5% | $57.5M+4.3% | $55.2M+157.3% | $21.4M+45.4% | $14.7M-61.0% | $37.8M |
| EPS (Diluted) | $0.17 | N/A | $0.06-45.5% | $0.110.0% | $0.11 | N/A | $0.03-62.5% | $0.08 |
BGC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.9B+32.8% | $4.4B-24.3% | $5.8B+19.1% | $4.9B+0.2% | $4.9B+36.0% | $3.6B-18.0% | $4.4B+2.9% | $4.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $781.0M-8.3% | $851.5M+9.9% | $774.9M-6.4% | $827.8M-14.3% | $966.4M+35.8% | $711.6M+26.3% | $563.5M-1.4% | $571.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $646.6M-0.3% | $648.6M-0.1% | $649.1M+3.7% | $625.6M+15.7% | $540.7M+0.1% | $540.3M+6.9% | $505.6M0.0% | $505.4M |
| Total Liabilities | $4.6B+40.4% | $3.3B-30.3% | $4.7B+23.8% | $3.8B+1.1% | $3.7B+48.9% | $2.5B-24.7% | $3.3B+3.8% | $3.2B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $1.8B+0.1% | $1.8B-3.3% | $1.8B-4.2% | $1.9B+13.6% | $1.7B+26.2% | $1.3B-7.2% | $1.4B0.0% | $1.4B |
| Total Equity | $1.1B+13.1% | $972.5M+0.7% | $965.3M+3.7% | $930.5M-3.5% | $963.8M+7.3% | $898.5M+4.5% | $860.1M+0.2% | $858.1M |
| Retained Earnings | -$836.0M+8.2% | -$910.4M+0.5% | -$915.1M+1.9% | -$933.2M+4.9% | -$981.1M+4.4% | -$1.0B+1.5% | -$1.0B+0.5% | -$1.0B |
BGC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $20.2M-88.8% | $180.4M+27.2% | $141.9M+99.1% | $71.2M+8390.9% | $839K-99.7% | $251.9M+185.2% | $88.3M+266.8% | -$53.0M |
| Capital Expenditures | $4.8M-8.9% | $5.3M+13.3% | $4.7M-25.5% | $6.3M+19.3% | $5.3M-16.8% | $6.3M-34.0% | $9.6M-9.1% | $10.5M |
| Free Cash Flow | $15.4M-91.2% | $175.1M+27.7% | $137.2M+111.2% | $65.0M+1571.6% | -$4.4M-101.8% | $245.6M+211.8% | $78.8M+224.1% | -$63.5M |
| Investing Cash Flow | -$18.2M-148.9% | $37.3M+241.5% | -$26.4M+90.5% | -$277.0M-1569.2% | -$16.6M-115.1% | $110.1M+1080.1% | $9.3M+104.7% | -$197.3M |
| Financing Cash Flow | -$72.3M+49.1% | -$142.0M+11.2% | -$160.0M-379.6% | $57.2M-78.5% | $266.1M+229.3% | -$205.7M-101.2% | -$102.2M-140.3% | $253.6M |
| Dividends Paid | $9.7M+0.7% | $9.7M-1.2% | $9.8M+0.7% | $9.7M-1.5% | $9.9M+1.4% | $9.7M-0.4% | $9.8M-0.8% | $9.8M |
| Share Buybacks | $2.3M-96.7% | $68.0M+62.2% | $41.9M-71.8% | $148.5M+542.2% | $23.1M-53.8% | $50.0M-21.9% | $64.1M-19.4% | $79.5M |
BGC 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 | 8.8%+6.9pp | 1.9%-1.9pp | 3.8%-3.6pp | 7.3%-1.0pp | 8.3%+4.6pp | 3.8%+1.1pp | 2.6%-4.2pp | 6.9% |
| Return on Equity | 7.6%+6.2pp | 1.5%-1.4pp | 2.9%-3.3pp | 6.2%+0.5pp | 5.7%+3.3pp | 2.4%+0.7pp | 1.7%-2.7pp | 4.4% |
| Return on Assets | 1.4%+1.1pp | 0.3%-0.1pp | 0.5%-0.7pp | 1.2%+0.1pp | 1.1%+0.5pp | 0.6%+0.3pp | 0.3%-0.5pp | 0.9% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.62-0.2 | 1.83-0.1 | 1.90-0.2 | 2.06+0.3 | 1.75+0.3 | 1.49-0.2 | 1.680.0 | 1.68 |
| FCF Margin | 1.6%-21.5pp | 23.2%+4.5pp | 18.6%+10.3pp | 8.3%+8.9pp | -0.7%-43.6pp | 42.9%+28.9pp | 14.0%+25.6pp | -11.5% |
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Frequently Asked Questions
What is BGC Group, Inc.'s annual revenue?
BGC Group, Inc. (BGC) reported $2.9B in total revenue for fiscal year 2025. This represents a 30.0% 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 BGC Group, Inc.'s revenue growing?
BGC Group, Inc. (BGC) revenue grew by 30% year-over-year, from $2.3B to $2.9B in fiscal year 2025.
Is BGC Group, Inc. profitable?
Yes, BGC Group, Inc. (BGC) reported a net income of $155.0M in fiscal year 2025, with a net profit margin of 5.3%.
How much debt does BGC Group, Inc. have?
As of fiscal year 2025, BGC Group, Inc. (BGC) had $851.5M in cash and equivalents against $1.8B in long-term debt.
What is BGC Group, Inc.'s net profit margin?
BGC Group, Inc. (BGC) had a net profit margin of 5.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does BGC Group, Inc. pay dividends?
Yes, BGC Group, Inc. (BGC) paid $0.08 per share in dividends during fiscal year 2025.
What is BGC Group, Inc.'s return on equity (ROE)?
BGC Group, Inc. (BGC) has a return on equity of 15.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BGC Group, Inc.'s free cash flow?
BGC Group, Inc. (BGC) generated $372.9M in free cash flow during fiscal year 2025. This represents a 30.5% 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 BGC Group, Inc.'s operating cash flow?
BGC Group, Inc. (BGC) generated $394.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BGC Group, Inc.'s total assets?
BGC Group, Inc. (BGC) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are BGC Group, Inc.'s capital expenditures?
BGC Group, Inc. (BGC) invested $21.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is BGC Group, Inc.'s debt-to-equity ratio?
BGC Group, Inc. (BGC) had a debt-to-equity ratio of 1.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BGC Group, Inc.'s return on assets (ROA)?
BGC Group, Inc. (BGC) had a return on assets of 3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BGC Group, Inc.'s Piotroski F-Score?
BGC Group, Inc. (BGC) 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 BGC Group, Inc.'s earnings high quality?
BGC Group, Inc. (BGC) has an earnings quality ratio of 2.54x, 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 BGC Group, Inc.?
BGC Group, Inc. (BGC) scores 39 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.