Third Quarter 2025 Financial and Operational Highlights*
Revenue increased by 19% to $26.8 million compared to the prior-year quarter
Principal transactions increased by 9.7% to $4.6 million compared to the prior-year quarter
Stock borrow/stock loan increased by 73.7% to $10.0 million compared to the prior-year quarter
Advisory fees increased by 32.1% to $0.8 million compared to the prior-year quarter
Operating income decreased by 54.8% to $2.2 million compared to the prior-year quarter
Third Quarter 2025 and Recent Business Highlights
Renewed the clearing relationship with National Financial Services ("NFS"), a subsidiary of Fidelity Global Brokerage Group, Inc., extending the firms' long-standing relationship for an additional five-year term. This renewal underscores a partnership that has thrived for more than three decades, built on shared values of innovation, reliability, and client service excellence.
Launched Digital Assets Research and appointed Brian P. Vieten as Research Analyst to deliver institutional-grade coverage across crypto, blockchain infrastructure, and public companies with digital-asset exposure.
Debuted "Generation Wealth," a multi-platform marketing campaign built by Gebbia Media to engage Gen Z with relevant, creator-driven content across digital and out-of-home channels.
Management Commentary*"The third quarter showed the growth engine Siebert is building. We grew revenue year over year and focused on areas where we can scale quickly. We launched Digital Assets Research to provide clients with real insight, and we are engaging like never before with the next generation of investors," said John J. Gebbia, CEO. "Renewing our clearing agreement with NFS underscores Siebert's growth momentum and commitment to long-term scalability. For over 30 years, NFS has been a trusted partner in helping us deliver high-quality client service, and this extension reflects the ...
