BGC Group, Inc. Stock Price, News & Analysis

BGC Group (Nasdaq: BGC) has provided an updated outlook for Q2 2025, indicating performance will be slightly above its previously stated ranges for both revenue and pre-tax Adjusted Earnings that were initially announced on May 7, 2025.

The press release extensively details BGC's non-GAAP financial measures and methodologies, including the calculation of Adjusted Earnings, compensation adjustments, and tax provisions. The company particularly emphasizes its treatment of equity-based compensation, including RSUs, restricted stock awards, and partnership units in its financial reporting.

The document outlines how BGC calculates its tax provisions for Adjusted Earnings using an annual estimate similar to GAAP accounting methods, with special consideration for equity-based compensation charges and various tax deductions under applicable law.

BGC Group (Nasdaq: BGC) has announced a schedule update for its participation in the Piper Sandler Global Exchange & Trading Conference. Co-CEOs John Abularrage and Sean Windeatt will present at the conference on June 5, 2025, at 2:00 p.m. ET. Investors can access a live webcast of the presentation through BGC's investor relations website at http://ir.bgcg.com. The replay will remain available for 365 days following the conference.

BGC Group (Nasdaq: BGC) has announced that Co-CEOs John Abularrage and Sean Windeatt will present at the Piper Sandler Global Exchange & Trading Conference on June 5, 2025 at 8:30 a.m. ET. The presentation will be accessible via live webcast at http://ir.bgcg.com, with a replay available for 365 days following the event. The presentation may include forward-looking statements about the company.

BGC Group (Nasdaq: BGC) has announced a significant share repurchase agreement with former Chairman and CEO Howard W. Lutnick, who is divesting his interests to comply with U.S. government ethics rules following his appointment as Secretary of Commerce. The company will repurchase 16,452,850 shares of Class A common stock at $9.2082 per share, totaling approximately $151.5 million.

The transaction includes the immediate sale of 16,115,102 shares, with 337,748 shares held in retirement accounts to be sold later. Additionally, Lutnick will sell 8,973,721 BGC Class B shares to Cantor Fitzgerald. The share price was determined using the VWAP over May 14-16, 2025. Lutnick will transfer his Cantor Fitzgerald ownership to trusts benefiting his children, with Brandon Lutnick as controlling trustee. Cantor Fitzgerald will remain BGC's largest controlling shareholder.

BGC Group (Nasdaq: BGC) and ten major investment banks have launched U.S. Treasury futures contracts on the FMX Futures Exchange. The Exchange initiated trading with 2-year and 5-year contracts on May 18, 2025, following its successful SOFR futures launch in September 2024.

The platform's clearing partnership with LCH Limited, a CFTC-approved Derivatives Clearing Organization, is expected to provide significant capital savings for global institutional clients. FMX Holdings, LLC, which includes the Exchange, also operates the fastest-growing cash U.S. Treasuries marketplace and a growing spot Foreign Exchange platform.

BGC Group (Nasdaq: BGC) has announced its financial results for Q1 2025, ending March 31, 2025. The company has declared a quarterly dividend of $0.02 per share. A conference call to discuss the results is scheduled for 10:00 AM ET. Detailed financial information, including the earnings presentation and supplemental financial tables, can be accessed through the company's investor relations website at http://ir.bgcg.com/.

BGC Group (Nasdaq: BGC) has announced it will release its first quarter 2025 financial results on Wednesday, May 7, 2025, at approximately 8:00 a.m. ET. The company will host a conference call to discuss the results at 10:00 a.m. ET on the same day.

Investors can access the results through the company's investor relations website at http://ir.bgcg.com. The conference call will be available via webcast, with pre-registration options available. Participants can join through the webcast link or dial in directly using U.S. number 1-877-407-0312 or international number 1-201-389-0899.

BGC Group (Nasdaq: BGC) has completed its acquisition of OTC Global Holdings for $325 million in a predominantly cash transaction. OTC, a leading energy and commodities brokerage firm, generated over $400 million in revenue for 2024, representing an acquisition multiple of less than 0.8x revenue.

The integration establishes BGC as the world's premier energy, commodities, and shipping (ECS) brokerage firm, with ECS becoming BGC's largest asset class. This strategic move follows BGC's recent acquisition of Sage Energy, further strengthening its market position.

The transaction, which closed after Q1 2025, is expected to be immediately accretive. BGC's Co-CEOs John Abularrage, JP Aubin, and Sean Windeatt will lead the expanded operations, while OTC's CEO Joe Kelly will continue driving growth within the combined entity.

BGC Group (Nasdaq: BGC) has reaffirmed its previously announced outlook ranges for revenue and pre-tax Adjusted Earnings for Q1 2025, as initially stated in their February 14, 2025 financial results press release.

The company provided detailed explanations of its non-GAAP financial measures, including Adjusted Earnings, Adjusted EBITDA, and their calculation methodologies. These measures exclude certain non-cash items, equity-based compensation, and other expenses that don't involve cash outlay or dilute existing stockholders.

The announcement includes comprehensive information about how BGC treats equity-based compensation in its calculations, its tax methodology for Adjusted Earnings, and the rationale behind using these alternative financial metrics to evaluate the company's performance.