v3.25.1
Note 21 - Segment and Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2025
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
  

Capital

  

Asset

  

Principal

  

Segment

  

Unallocated

     
  

Markets

  

Management

  

Investing

  

Total

  

(1)

  

Total

 

Net trading

 $9,211  $-  $-  $9,211  $-  $9,211 

Asset management

  -   2,020   -   2,020   -   2,020 

New issue and advisory

  33,239   -   -   33,239   -   33,239 

Principal transactions

  (13,075)  -   (2,330)  (15,405)  -   (15,405)

Other income

  -   438   (763)  (325)  -   (325)

Total revenues

  29,375   2,458   (3,093)  28,740   -   28,740 

Compensation

  18,009   1,372   158   19,539   969   20,508 

Stock based compensation

  134   27   -   161   997   1,158 

Business development

  376   58   1   435   394   829 

Occupancy and equipment

  669   51   -   720   280   1,000 

Subscriptions, clearing, and execution

  2,009   86   26   2,121   53   2,174 

Professional fee and other operating

  1,244   372   183   1,799   993   2,792 

Depreciation and amortization

  -   2   -   2   170   172 

Total operating expenses

  22,441   1,968   368   24,777   3,856   28,633 

Operating income (loss)

  6,934   490   (3,461)  3,963   (3,856)  107 

Interest income (expense)

  (18)  -   -   (18)  (1,430)  (1,448)

Income (loss) from equity method affiliates

  -   -   2,418   2,418   -   2,418 

Income (loss) before income taxes

  6,916   490   (1,043)  6,363   (5,286)  1,077 

Income tax expense (benefit)

  -   -   -   -   139   139 

Net income (loss)

  6,916   490   (1,043)  6,363   (5,425)  938 

Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC

  -   -   (173)  (173)  -   (173)

Enterprise net income (loss)

  6,916   490   (870)  6,536   (5,425)  1,111 

Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc.

  -   -   -   -   782   782 

Net income (loss) attributable to Cohen & Company Inc.

 $6,916  $490  $(870) $6,536  $(6,207) $329 
                         

Other statement of operations data

                        

Cash compensation as a percentage of revenue

  61.31%  55.82%  5.11%  67.99%  N/A   71.36%

Operating income / (loss) as a percentage of revenue

  23.61%  19.93%  111.90%  13.79%  N/A   0.37%

Net income / (loss) as a percentage of revenue

  23.54%  19.93%  33.72%  22.14%  N/A   3.26%

Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue

  23.54%  19.93%  28.13%  22.74%  N/A   1.14%
                         
  

Capital

  

Asset

  

Principal

  

Segment

  

Unallocated

     
  

Markets

  

Management

  

Investing

  

Total

  

(1)

  

Total

 

Net trading

 $9,848  $-  $-  $9,848  $-  $9,848 

Asset management

  -   2,717   -   2,717   -   2,717 

New issue and advisory

  24,388   -   -   24,388   -   24,388 

Principal transactions

  (11,522)  -   (7,962)  (19,484)  -   (19,484)

Other income

  -   548   547   1,095   -   1,095 

Total revenues

  22,714   3,265   (7,415)  18,564   -   18,564 

Compensation

  12,206   1,644   494   14,344   (653)  13,691 

Stock based compensation

  140   36   -   176   972   1,148 

Business development

  301   66   13   380   76   456 

Occupancy and equipment

  682   53   -   735   250   985 

Subscriptions, clearing, and execution

  1,863   86   75   2,024   62   2,086 

Professional fee and other operating

  1,303   463   182   1,948   1,501   3,449 

Depreciation and amortization

  -   1   -   1   123   124 

Total operating expenses

  16,495   2,349   764   19,608   2,331   21,939 

Operating income / (loss)

  6,219   916   (8,179)  (1,044)  (2,331)  (3,375)

Interest (expense) income

  (20)  -   -   (20)  (1,646)  (1,666)

Income (loss) from equity method affiliates

  -   -   29,045   29,045   -   29,045 

Income (loss) before income taxes

  6,199   916   20,866   27,981   (3,977)  24,004 

Income tax expense (benefit)

  -   -   -   -   498   498 

Net income (loss)

  6,199   916   20,866   27,981   (4,475)  23,506 

Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC

  -   -   16,270   16,270   -   16,270 

Enterprise net income (loss)

  6,199   916   4,596   11,711   (4,475)  7,236 

Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc.

  -   -   -   -   5,213   5,213 

Net income (loss) attributable to Cohen & Company Inc.

 $6,199  $916  $4,596  $11,711  $(9,688) $2,023 
                         

Other statement of operations data

                        

Cash compensation as a percentage of revenue

  53.74%  50.35%  6.66%  77.27%  N/A   73.75%

Operating income / (loss) as a percentage of revenue

  27.38%  28.06%  110.30%  5.62%  N/A   18.18%

Net income / (loss) as a percentage of revenue

  27.29%  28.06%  281.40%  150.73%  N/A   126.62%

Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue

  27.29%  28.06%  61.98%  63.08%  N/A   10.90%
                         
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
  

Capital

  

Asset

  

Principal

  

Segment

  

Unallocated

     
  

Markets

  

Management

  

Investing

  

Total

  (1)  

Total

 

Total Assets

 $904,073  $5,671  $36,858  $946,602  $31,448  $978,050 
                         

Included within total assets:

                        

Investments in equity method affiliates

 $-  $-  $24,427  $24,427  $-  $24,427 

Goodwill (2)

 $54  $55  $-  $109  $-  $109 

Intangible assets (2)

 $166  $-  $-  $166  $-  $166 
  

Capital

  

Asset

  

Principal

  

Segment

  

Unallocated

     
  

Markets

  

Management

  

Investing

  

Total

  (1)  

Total

 

Total Assets

 $888,780  $7,371  $44,175  $940,326  $30,823  $971,149 
                         

Included within total assets:

                        

Investments in equity method affiliates

 $-  $-  $23,430  $23,430  $-  $23,430 

Goodwill (2)

 $54  $55  $-  $109  $-  $109 

Intangible assets (2)

 $166  $-  $-  $166  $-  $166 
Revenue from External Customers by Geographic Areas [Table Text Block]
  

Three Months Ended March 31,

 
  

2025

  

2024

 

Total Revenues:

        

United States

 $27,489  $16,743 

Europe

  1,251   1,821 

Total

 $28,740  $18,564