Siebert Reports 12% Revenue Growth to $94.2M, Operating Income Drops to $5.6M
Siebert Financial Corp. posted 2025 revenue of $94.2 million, up 12%, driven by a 51% jump in stock loan revenue to $29.0 million. Operating income fell to $5.6 million from $17.5 million as Siebert invested in FusionIQ and launched NIL services generating $0.6 million.
1. 2025 Financial Results
Siebert Financial Corp. recorded 2025 revenue of $94.2 million, a 12% increase from 2024, with stock loan revenue up 51% to $29.0 million. Operating income declined to $5.6 million from $17.5 million as investment costs weighed on margins, while retail client net worth rose 9% to $19.5 billion.
2. Strategic Investments and New Revenue Streams
During 2025, Siebert invested $2.4 million in its FusionIQ cloud-native wealth management platform to enhance advisor and institutional services. The firm also launched Name, Image, and Likeness negotiation services for collegiate athletes, generating $0.6 million in its first year.
3. Clearing Agreement Extension
Effective September 2025, Siebert amended its clearing agreement with National Financial Services, extending the relationship through October 2030 to secure long-term custody and transaction processing capabilities.
4. Management Outlook
Leadership views the 2025 investments as foundational for 2026 growth, targeting expanded recurring revenue, deeper client relationships and improved operating margins. Management expects the new business lines and technology platforms to drive enhanced earnings power and shareholder value over time.