Business
Binah Capital Group Reports Fourth Quarter and Full Year 2024 Results
- Grew Total Revenue 8% Year-over-Year to $45 Million in the Fourth Quarter 2024 - - Assets Under Management (“AuM”) Increased 13% Year-over-Year to $27 Billion - - GAAP Net Loss of $1.1 Million in the Fourth Quarter - - Grew Adjusted EBITDA* 43% Year-Over-Year to $2.0 Million in the Fourth Quarter - NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Binah Capital Group, Inc. (“Binah”, “Binah Capital” or the “Company”) (NASDAQ: BCG; BCGWW), a leading financial services enterprise that owns and operate
About this update from Binah Capital Group, Inc.
[{"type":"image","alt":"Binah Capital Group","displaySize":"","headline":null,"caption":"Binah Capital Group","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":104,"url":"https://media.zenfs.com/en/globenewswire.com/6b0169a2d8287efedd91be9f8b77f720"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PK0KK6iDaWmCB8rRgh2IVA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0NjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/6b0169a2d8287efedd91be9f8b77f720","width":300,"height":104}},"lazy":false},{"type":"text","content":"- Grew Total Revenue 8% Year-over-Year to $45 Million in the Fourth Quarter 2024 -","length":82,"tagName":"p"},{"type":"text","content":"- Assets Under Management (“AuM”) Increased 13% Year-over-Year to $27 Billion -","length":79,"tagName":"p"},{"type":"text","content":"- GAAP Net Loss of $1.1 Million in the Fourth Quarter -","length":55,"tagName":"p"},{"type":"text","content":"- Grew Adjusted EBITDA* 43% Year-Over-Year to $2.0 Million in the Fourth Quarter -","length":82,"tagName":"p"},{"type":"text","content":"NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Binah Capital Group, Inc. (“Binah”, “Binah Capital” or the “Company”) (NASDAQ: BCG; BCGWW), a leading financial services enterprise that owns and operates a network of industry-leading firms empowering independent financial advisors, today announced results for the quarter and year ended December 31, 2024.","length":352,"tagName":"p"},{"type":"text","content":""As we celebrate the one-year anniversary of our successful public listing, we’re pleased to deliver our 2024 fourth quarter results,” stated Craig Gould, Chief Executive Officer of Binah Capital Group. “Beyond our solid financial performance, we’ve accomplished several key milestones over the past year: closing of the business combination, forming Binah Capital Group, Inc. and listing on the NASDAQ, successful recruiting efforts, significantly reducing our cost of funding through the successful refinancing of our senior credit facility at favorable terms, and maintaining a mature and stable business despite ongoing market volatility.”","length":648,"tagName":"p"},{"type":"text","content":"“Looking ahead, we are off to a strong start in 2025, with a robust acquisition and recruiting pipeline. We continue to uncover many significant opportunities to onboard additional new businesses as we execute ...