Siebert Financial Reports FY2024 Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2026
0mins
Should l Buy SIEB?
Source: seekingalpha
- Revenue Growth: Siebert Financial reported FY2024 revenue of $94.2 million, reflecting a 12.3% year-over-year increase, indicating the company's robust performance and growth potential in the market.
- Surge in Lending Revenue: Stock borrow/loan revenue soared by 51% to $29 million, compared to $19.2 million in 2024, highlighting increased activity in capital market operations and enhanced profitability.
- Decline in Operating Income: Operating income fell to $5.6 million from $17.5 million in 2024, primarily due to investments in new business lines and technology initiatives, which exerted short-term pressure on profitability despite revenue growth.
- Increase in Retail Customer Net Worth: Retail customer net worth rose by 9% to $19.5 billion, up from $18 billion at the end of 2024, demonstrating the company's success in attracting and retaining clients, thereby strengthening its competitive position in the market.
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Analyst Views on SIEB
About SIEB
Siebert Financial Corp. is a diversified financial services company. The Company’s business lines, such as retail brokerage, investment advisory, insurance, and technology development through its subsidiaries. The Company operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Muriel Siebert & Co., LLC provides retail brokerage and investment banking services. Siebert AdvisorNXT, LLC provides investment advisory services. Park Wilshire Companies, Inc. provides insurance services. RISE Financial Services, LLC is a broker-dealing company. Siebert Technologies, LLC provides technology development. Gebbia Media is an artist-first entertainment company focused on the development and promotion of music and sports talent, catalog acquisition, and bold storytelling across film, television, podcasts, and digital media.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Reaction: The reduction in price target may exert short-term pressure on Siemens' stock price, prompting investors to closely monitor the upcoming earnings report to assess whether the company can meet growth expectations.
- Investment Strategy: Despite the target price cut, Goldman remains optimistic about Siemens' fundamentals, suggesting that the company is undervalued, and investors should consider looking for entry points following the price adjustment.
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- Market Risk Warning: Despite the rebound, Siebert Financial's investment chief Mark Malek cautioned that current volatility is not over, advising investors to be cautious with short-term trades, especially during the holiday weekend when ground military actions could escalate.
- Future Data Outlook: Next week will bring significant economic data, including the March consumer price index, which is expected to jump from 2.4% to 3.1%, serving as the first key indicator to assess the war's impact, prompting market participants to closely monitor these figures to adjust their investment strategies.
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- Surge in Lending Revenue: Stock borrow/loan revenue soared by 51% to $29 million, compared to $19.2 million in 2024, highlighting increased activity in capital market operations and enhanced profitability.
- Decline in Operating Income: Operating income fell to $5.6 million from $17.5 million in 2024, primarily due to investments in new business lines and technology initiatives, which exerted short-term pressure on profitability despite revenue growth.
- Increase in Retail Customer Net Worth: Retail customer net worth rose by 9% to $19.5 billion, up from $18 billion at the end of 2024, demonstrating the company's success in attracting and retaining clients, thereby strengthening its competitive position in the market.
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- Labor Market Insights: A crucial jobs report is set to be released next Friday, alongside the Job Openings and Labor Turnover Survey (JOLTS), providing investors with insights into the labor market, particularly after the Fed indicated an improving economic outlook, which may alter interest rate expectations.
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Current Role: At 31, she is now a vice president at Siebert, managing her own client portfolio from the Miami headquarters.
Client Base: Approximately 30% of her clients are corporate employees dealing with equity compensation and forgotten 401(k)s, alongside retail investors and social-media influencers.
Growth in Influence: Howe's client base includes a growing segment of social-media influencers, reflecting a shift in how wealth management is approached.
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