Siebert Financial Q1 Revenue $23.5M, Stock Loan Up 41%
Siebert Financial’s Q1 2026 revenue climbed to $23.5 million, fueled by 41% growth in stock loan revenue to $6.8 million; 35% rise in advisory fees to $1.0 million. It incurred a $2.0 million net loss due to higher expenses, goodwill impairment and lack of last year’s $9.2 million unrealized gain.
1. Q1 Financial Results
Siebert reported total revenue of $23.5 million for the quarter ended March 31, 2026, and posted a net loss of $2.0 million, or $0.05 per diluted share, compared with net income of $8.7 million, or $0.22 per share, in Q1 2025.
2. Revenue Growth Drivers
Stock borrow/stock loan revenue increased 41% year-over-year to $6.8 million, advisory fees rose 35% to $1.0 million, commissions and fees grew 11% to $2.3 million, and investment banking added $1.6 million to the revenue mix.
3. Expense and Impairment Impact
Operating expenses rose, and the quarter included impairment charges on goodwill and an intangible asset in Media, Sports and Entertainment, while Q1 2025 benefitted from a $9.2 million non-cash unrealized gain on a restricted equity investment.
4. Strategic Newsmax Partnership
Siebert expanded its strategic partnership with Newsmax through financial programming and a national advertising campaign to broaden its reach, and reported retail customer net worth of $18.8 billion at quarter end.