Here are the 10-K annual reports from Siebert Financial Corp (SIEB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SIEB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SIEB filings page.
Siebert Financial Corp. reports mixed 2025 results, combining higher revenue with sharply lower earnings. Net revenues rose to $94.2 million from $83.9 million in 2024, but net income fell to $5.1 million from $13.3 million, and earnings per share declined to $0.13 from $0.33.
The core Financial Services segment generated $93.0 million of 2025 revenue and $6.8 million of operating income, down from $17.6 million a year earlier as compensation, technology and other operating costs increased. A newer Media, Sports and Entertainment segment produced $1.2 million of revenue and a $1.2 million operating loss as the company invests in growth.
Schebert expanded strategically by launching an investment banking division, acquiring music masters and the Big Machine Rock rock label assets, and creating new NIL services for college athletes that generated $594,000 in 2025 revenue. It also realized a $2.4 million gain on an equity investment sale and purchased the remaining 32% of RISE Financial Services for $3.7 million, making it a wholly owned broker-dealer subsidiary.
At June 30, 2025, non-affiliate market capitalization was about $61.99 million. As of March 24, 2026, Siebert had 40,940,936 common shares outstanding, 166 employees, and continued to highlight substantial regulatory, technology, cybersecurity, market and concentration risks, including heavy competition, volatile trading volumes, interest-rate sensitivity and significant influence from its principal shareholder.