OPPENHEIMER HOLDINGS INC
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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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, 2026 · Filed Oct 30, 2026
OPY$91.08-1.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
FOR THE NINE MONTHS ENDED SEPTEMBER 30,
| (Expressed in thousands) | 2026 | 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | $12,186 | $74,041 |
| Adjustments to reconcile net income to net cash used in operating activities | ||
| Non-cash items included in net income: | ||
| Depreciation and amortization of furniture, equipment and leasehold improvements | 7,490 | 8,236 |
| Deferred income taxes | (11,206) | 793 |
| Amortization of intangible assets | 500 | 500 |
| Amortization of notes receivable | 12,433 | 13,422 |
| Provision for (reversal of) credit losses | 31 | (23) |
| Paid-in-kind interest | (269) | (143) |
| Share-based compensation | 81,603 | 28,936 |
| Amortization of right-of-use lease assets | 20,624 | 19,493 |
| Decrease (increase) in operating assets: | ||
| Deposits with clearing organizations | (24,326) | (1,099) |
| Receivables from brokers, dealers and clearing organizations | 17,447 | (83,864) |
| Receivables from customers | (237,141) | (105,637) |
| Income tax receivable | (2,526) | (2,194) |
| Securities owned | (152,736) | (207,744) |
| Notes receivable | (8,057) | (12,857) |
| Company-owned life insurance | (7,137) | (8,858) |
| Other assets | 23,049 | (39,456) |
| Increase (decrease) in operating liabilities: | ||
| Drafts payable | (9,339) | (4,898) |
| Payables to brokers, dealers and clearing organizations | 335,306 | 68,523 |
| Payables to customers | (52,821) | 107,591 |
| Securities sold under agreements to repurchase, net | 24,477 | 40,413 |
| Securities sold but not yet purchased | (56,821) | 159,964 |
| Accrued compensation | (54,870) | (30,798) |
| Income tax payable | (15,352) | (3,725) |
| Accounts payable and other liabilities | (15,197) | (8,864) |
| Cash (used in)/provided by operating activities | (112,652) | 11,752 |
| Cash flows from investing activities | ||
| Purchase of furniture, equipment and leasehold improvements | (5,785) | (4,014) |
| Proceeds from the settlement of company-owned life insurance | 2,293 | 3,396 |
| Cash used in investing activities | (3,492) | (618) |
| Cash flows from financing activities | ||
| Cash dividends paid on Class A non-voting and Class B voting common stock | (16,697) | (5,682) |
| Repurchase of Class A non-voting common stock for cancellation | — | (671) |
| Payments for employee taxes withheld related to vested share-based awards | (13,057) | (9,843) |
| Increase in bank call loans | 145,500 | 10,200 |
| Cash provided by/(used in) financing activities | 115,746 | (5,996) |
| Net (decrease)/increase in cash and cash equivalents | (398) | 5,138 |
| Cash and cash equivalents, beginning of period | 38,405 | 33,150 |
| Cash and cash equivalents, end of period | $38,007 | $38,288 |
| (Expressed in thousands) | 2026 | 2025 |
|---|---|---|
| Schedule of non-cash financing activities | ||
| Employee share plan issuance | $14,618 | $10,587 |
| Supplemental disclosure of cash flow information | ||
| Cash paid during the period for interest | $59,473 | $66,510 |
| Cash paid during the period for income taxes, net | 37,964 | 36,169 |
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