Cohen & Co Inc.
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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FY2025 · Filed Mar 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Financial Information of Registrant
SCHEDULE I
COHEN & COMPANY INC.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
COHEN & COMPANY INC. (PARENT COMPANY)
Unaudited
Balance Sheets
(Dollars in Thousands)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Cash · $ · - · $ · - | ||
| Investment in Cohen & Company, LLC | 74,792 | 67,743 |
| Prepaid income taxes | - | 20 |
| Deferred tax asset | 2,952 | - |
| Total assets | $77,744 | $67,763 |
| Liabilities | ||
| Accrued interest and other liabilities | $302 | $340 |
| Deferred income taxes | - | 437 |
| Accrued income taxes | 539 | - |
| Debt | 25,822 | 25,258 |
| Total liabilities | 26,663 | 26,035 |
| Stockholders’ Equity | ||
| Preferred Stock | 27 | 27 |
| Common Stock | 21 | 20 |
| Additional paid-in capital | 78,539 | 76,704 |
| Accumulated deficit | (26,593) | (34,016) |
| Accumulated other comprehensive loss | (914) | (1,007) |
| Total stockholders’ equity | 51,080 | 41,728 |
| Total liabilities and stockholders’ equity | $77,743 | $67,763 |
F-83
COHEN & COMPANY INC.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
COHEN & COMPANY INC. (PARENT COMPANY)
Unaudited
Statements of Operations
(Dollars in Thousands)
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | |||
| Equity in undistributed earnings / (loss) from Cohen & Company, LLC | $16,348 | $4,553 | $3,708 |
| Total revenues | 16,348 | 4,553 | 3,708 |
| Operating income / (loss) | 16,348 | 4,553 | 3,708 |
| Non-operating expense | |||
| Interest expense | (4,747) | (4,695) | (5,247) |
| Income / (loss) before income taxes | 11,601 | (142) | (1,539) |
| Income tax (benefit) / expense | (2,830) | (13) | 3,574 |
| Net income / (loss) | $14,431 | $(129) | $(5,113) |
F-84
COHEN & COMPANY INC.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
COHEN & COMPANY INC. (PARENT COMPANY)
Unaudited
Statements of Cash Flows
(Dollars in Thousands)
| For the Year Ended December 31, | ||||||
|---|---|---|---|---|---|---|
| 2025 · 2024 · 2023 | ||||||
| Operating activities | ||||||
| Net income / (loss) | $14,431 | $(129) | $(5,113) | |||
| Adjustments to reconcile net income / (loss) to net cash provided by / (used) in operating activities: | ||||||
| Equity in undistributed earnings / (loss) from Cohen & Company, LLC | (16,348) | (4,553) | (3,708) | |||
| Distributions from / (contributions to) Cohen & Company, LLC | 9,954 | 6,428 | 6,223 | |||
| Amortization of discount of debt | 564 | 42 | 692 | |||
| (Increase) / decrease in other assets | 559 | 18 | 108 | |||
| Increase / (decrease) in accounts payable and other liabilities | (38) | (2) | 35 | |||
| Increase / (decrease) in deferred income taxes | (3,389) | (31) | 3,561 | |||
| Net cash provided by / (used in) operating activities | 5,733 | 1,773 | 1,798 | |||
| Financing activities | ||||||
| Proceeds from issuance of Common Stock | - | 154 | - | |||
| Cash used to net share settle equity awards | (102) | (54) | (48) | |||
| Dividends paid to stockholders | (5,631) | (1,873) | (1,750) | |||
| Net cash provided by / (used in) financing activities | (5,733) | (1,773) | (1,798) | |||
| Net increase (decrease) in cash and cash equivalents | - | - | - | |||
| Cash and cash equivalents, beginning of period | - | - | - | |||
| Cash and cash equivalents, end of period | $ | - | $ | - | $ | - |
F-85
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
COHEN & COMPANY INC. (PARENT COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
Unaudited
The accompanying condensed financial statements should be read in conjunction with the consolidated financial statements and related notes of Cohen & Company Inc. Certain prior period amounts have been reclassified to conform to the current period presentation. The Company paid or received cash distributions to / from Cohen & Company, LLC as disclosed above in the statements of cash flow.
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