Siebert Financial Q1 posts net loss on higher operating expenses and impairments

Siebert Financial

15/05/2026 22:12

Overview

US financial services provider's Q1 2026 reported net loss and negative EPS

Year-over-year results impacted by prior-year $9.2 mln non-cash unrealized gain and impairment charges

Siebert expanded Newsmax partnership and launched veteran-focused programming to broaden national reach

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

STOCK LOAN AND ADVISORY GROWTH - Higher stock borrow/stock loan revenue and advisory fees contributed to Q1 results

HIGHER OPERATING EXPENSES AND IMPAIRMENTS - Results were negatively affected by higher operating expenses and impairment of goodwill and an intangible asset related to Media, Sports, and Entertainment divisions

PRIOR-YEAR NON-CASH GAIN - Year-over-year comparison impacted by absence of $9.2 mln non-cash unrealized gain recognized in Q1 2025

Company press release: ID:nGNX4yRZ23

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$23.50 mln
Q1 EPS
-$0.05
Q1 Net Income
-$2 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)