SIEBERT FINANCIAL CORP
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
SIEB$1.810.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities | ||
| Net income | $5,566,000 | $11,568,000 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Deferred income tax expense | 1,049,000 | 962,000 |
| Depreciation and amortization | 1,693,000 | 941,000 |
| Share-based compensation (1) | 1,245,000 | 460,000 |
| Interest related to contract termination liability payment | 178,000 | 62,000 |
| Changes in | ||
| Securities segregated for regulatory purposes | 34,386,000 | 27,701,000 |
| Receivables from customers | 9,999,000 | (5,383,000) |
| Receivables from non-customers | (1,196,000) | (230,000) |
| Receivables from and deposits with broker-dealers and clearing organizations | (5,118,000) | 1,650,000 |
| Securities borrowed | (114,257,000) | 172,125,000 |
| Securities owned, at fair value | 1,271,000 | 1,100,000 |
| Prepaid expenses and other assets | (4,994,000) | (1,670,000) |
| Payables to customers | 15,531,000 | (51,023,000) |
| Payables to non-customers | (3,071,000) | 2,917,000 |
| Drafts payable | 14,000 | 407,000 |
| Payables to broker-dealers and clearing organizations | 267,000 | 630,000 |
| Accounts payable and accrued liabilities | 1,915,000 | 1,518,000 |
| Securities loaned | 63,404,000 | (186,909,000) |
| Securities sold, not yet purchased, at fair value | 126,000 | 4,000 |
| Net lease liabilities | (13,000) | 16,000 |
| Taxes payable | (1,006,000) | (134,000) |
| NFS business development credits | 4,304,000 | (621,000) |
| Other deferred revenue | 50,000 | — |
| Contract termination liability payment | (1,503,000) | (1,500,000) |
| Net cash provided by (used in) operating activities | 9,840,000 | (25,409,000) |
| Cash Flows From Investing Activities | ||
| Purchase of office facilities and equipment | (445,000) | (68,000) |
| Purchase of software | (1,782,000) | (2,548,000) |
| Additions to property, office facilities, and equipment | (462,000) | (1,240,000) |
| Acquisition of BMLG assets | (441,000) | — |
| Media production cost | (227,000) | — |
| Cash paid in a business acquisition, net of cash and cash equivalents acquired | — | (1,123,000) |
| Investment in FusionIQ | (2,000,000) | — |
| Transaction with J2 Financial | — | (35,000) |
| Net cash used in investing activities | (5,357,000) | (5,014,000) |
| Cash Flows From Financing Activities | ||
| Bank loan - short term | 1,000,000 | — |
| RISE cash distribution | (35,000) | — |
| Repayments of long-term debt | (66,000) | (64,000) |
| Net cash provided by (used in) financing activities | 899,000 | (64,000) |
| Net change in cash and cash equivalents, and cash segregated for regulatory purposes | 5,382,000 | (30,487,000) |
| Cash and cash equivalents, and cash segregated for regulatory purposes - beginning of period | 168,458,000 | 164,537,000 |
| Cash and cash equivalents, and cash segregated for regulatory purposes - end of period | $173,840,000 | $134,050,000 |
| Reconciliation of cash, cash equivalents, and cash segregated for regulatory purposes | ||
| Cash and cash equivalents - end of period | 19,649,000 | 4,435,000 |
| Cash segregated for regulatory purposes - end of period | 154,191,000 | 129,615,000 |
| Cash and cash equivalents, and cash segregated for regulatory purposes - end of period | $173,840,000 | $134,050,000 |
| Supplemental cash flow information | ||
| Cash paid during the period for income taxes | $1,243,000 | $3,125,000 |
| Cash paid during the period for interest | $116,000 | $121,000 |
| Non-cash investing and financing activities | ||
| Transaction with J2 Financial (2) | $— | $350,000 |
| Share-based compensation | $— | $236,000 |
| (1) | Refer to Note 20 – Employee Benefit Plans for further detail. |
| (2) | Refer to Note 10 – Software, Net in the Company’s 2024 10-K for further information. |
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