BCG Reports Earnings
Financial Performance: Binah Capital Group reported a 2% year-over-year revenue growth to $42 million and a 21% increase in gross profit to $8.8 million for Q2 2025, while maintaining a GAAP net loss of $0.7 million.
Business Strategy: The company focuses on expanding its network of financial advisors and assets under management, emphasizing flexibility in advisor affiliation and compliance with regulatory standards, but did not provide forward guidance for future performance.
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- Asset Management Expansion: BINAH Capital Group announced the acquisition of an advisory team managing approximately $1.2 billion in client assets, leveraging its subsidiary PKS Investments as a broker-dealer, significantly enhancing the company's influence in the independent advisory market.
- Commission Business Support: PKS Investments provides a friendly broker-dealer framework for independent registered investment advisors, aiming to support advisors' commission-based businesses through a best-in-class platform and infrastructure, thereby improving client service quality and business growth potential.
- Enhanced Market Competitiveness: BINAH Capital Group's CEO Craig Gould stated that the company's experience and successful track record instill confidence in transitioning advisors, ensuring their commission-based businesses are supported by experienced operators, further solidifying BINAH's position in the competitive financial services market.
- Strategic Partnership Model: BINAH Capital Group not only offers tools but also focuses on cultivating partnerships, helping advisors navigate and manage commission-based businesses seamlessly through its innovative hybrid-friendly model, which enhances its market appeal.

- Conference Participation: Binah Capital will present at the NobleCon21 conference on December 4, 2025, in Boca Raton, FL, with CEO Craig Gould and CFO David Shane speaking at 9:30 AM, showcasing the company's innovative capabilities in the financial services sector to attract independent financial advisors.
- Webcast Availability: The presentation will be available via webcast on Binah Capital's investor relations website and Noble Capital Markets' conference site, archived for 90 days post-event, ensuring that investors unable to attend can access key information, thereby enhancing company transparency and investor relations.
- Industry Positioning: As a leading financial services enterprise, Binah Capital focuses on delivering value through its innovative hybrid-friendly model, further solidifying its market position in a complex financial landscape and driving business growth.
- Strategic Partnerships: Binah Capital not only provides tools but also aims to cultivate partnerships with independent financial advisors, offering flexible solutions that help advisors succeed in a competitive marketplace, demonstrating its deep understanding and commitment to industry development.

RLX Technology Inc Performance: RLX Technology's shares rose 6% to $2.47 in pre-market trading after reporting third-quarter earnings of 3 cents per share and $158.6 million in sales.
Notable Gainers: Cidara Therapeutics surged 92% to $203.50 following a significant ownership disclosure, while other companies like Binah Capital Group and Expion360 also saw substantial pre-market gains.
Significant Losers: TSS Inc experienced a 40.2% drop to $9.10 after reporting a year-over-year decline in financial results, with enVVeno Medical Corp and Nuvve Holding Corp also facing significant losses.
Market Overview: The pre-market trading session showed a mix of gains and losses among various stocks, reflecting varied financial performances and investor reactions to earnings reports.
Q3 Financial Performance: Binah Capital Group reported a GAAP EPS of $0.08 for Q3, with revenue reaching $46.2 million, reflecting a 9.5% year-over-year increase.
Asset Growth: As of September 30, 2025, the total advisory and brokerage assets of Binah Capital Group grew by 11% year-over-year, amounting to $30.0 billion.
Strong Q3 Performance: Binah Capital Group Inc. reported a 9.5% year-over-year revenue increase to $46.2 million for Q3 2025, with total revenue for the first nine months reaching $137 million, up 10% from the previous year.
Profitability Achieved: The company posted a GAAP net income of $1.8 million in Q3, a significant turnaround from a net loss of $1.2 million in the same quarter last year.
Growth in Assets Under Management: Advisory and brokerage assets increased by 11% to $30 billion as of September 30, with EBITDA rising to $2.9 million from $0.4 million in the prior year.
Stock Performance: Despite a 74.76% surge in after-hours trading to $2.49, BCG stock has fallen 48.37% year-to-date, with shares trading between $1.36 and $6 over the past 12 months.

Recognition of PKS Investments: Binah Capital Group's subsidiary, PKS Investments, has been named one of Albany's Best Places to Work for the second consecutive year, highlighting its strong employee satisfaction and workplace culture.
Employee Feedback-Based Selection: The award is based on employee surveys conducted by Quantum Workplace, assessing factors like organizational culture, leadership, and overall satisfaction among large companies in the Capital Region.
CEO's Statement on Company Culture: Craig Goud, CEO of Binah Capital Group, emphasized the importance of company culture as a key asset, attributing the recognition to the dedication and innovation of the PKS team.
Strategic Importance of PKS: The award reflects PKS's growing role within Binah Capital Group's expansion in the financial services sector, reinforcing its position in the hybrid-friendly wealth management space.






