Binah Capital Group reported its third‑quarter 2025 results, showing revenue of $46.2 million—a 9.5% year‑over‑year increase—and a GAAP net income of $1.8 million, the first profit in the quarter after a $1.2 million loss in Q3 2024. EBITDA rose to $2.9 million from $0.4 million in the same period last year, reflecting a sharp improvement in operating leverage as the company’s advisor‑centric platform scales.
The quarter’s performance outpaced the prior year’s results: revenue grew from $42.2 million in Q3 2024, net income swung from a loss to a profit, and EBITDA expanded nearly sevenfold. The gains are largely attributable to the continued integration of newly acquired advisory firms, which added both revenue and fee‑based income while benefiting from the company’s cost‑efficient technology stack.
Earnings per share reached $0.08, beating the consensus estimate of $0.00 by $0.08. The beat is driven by disciplined cost management and a favorable mix shift toward higher‑margin advisory services, which offset the modest increase in operating expenses.
Management highlighted the significance of the turnaround. CEO Craig Gould said, “Our sustained momentum and growth initiatives enabled us to achieve double‑digit year‑over‑year growth in both revenue and EBITDA while delivering GAAP profitability.” He added that the company remains confident in its “dynamic macro environment” and its ability to continue scaling the platform.
Analysts noted that the return to profitability and margin expansion are key drivers of the positive market reaction. The earnings beat, combined with the company’s strong assets‑under‑management growth to $30 billion, signals that Binah’s consolidation strategy is gaining traction in a fragmented wealth‑management market.
Looking ahead, Binah’s focus on acquiring and integrating independent advisors positions it to capture additional market share. The company’s platform, which offers technology, compliance, and distribution support, is expected to generate incremental revenue as more advisors join the network, reinforcing the firm’s long‑term growth trajectory.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.