Jun 2026 (Q2 FY26) — Aug 3, 2026
Cohen & Company Q2 FY26 — Strong Investment Banking Performance Driven by SPAC Activity
Read the full callCohen & Company earnings: last reported Mon, 3 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 69.5 | +16.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 17.9 | +5.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.6 | +153.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $10.6 on 17 Oct 2025 → $9.66. High $32.39 (6 Jan 2026), low $9.3 (3 Nov 2025).
Overview
Call summaries
Cohen & Company Q2 FY26 — Strong Investment Banking Performance Driven by SPAC Activity
Read the full callEvery analysed call
Financials
Net profit, year on year: +154% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 32 | 19 | 29 | 60 | 84 | 103 | 58 | 69 |
| Expenses | 24 | 24 | 29 | 52 | 62 | 73 | 53 | 57 |
| Operating profit | 7 | -6 | 0 | 7 | 22 | 30 | 5 | 12 |
| Operating margin | 22.8% | −29.7% | 0.4% | 12.5% | 25.8% | 29.2% | 8.9% | 17.9% |
| Interest | 9 | 9 | 9 | 10 | 9 | 6 | 4 | 5 |
| Profit before tax | 5 | -8 | 1 | 5 | 10 | 24 | 3 | 8 |
| Tax rate | 2.7% | 10.0% | 12.9% | 14.3% | 7.7% | −9.7% | −5.6% | 1.8% |
| Net profit | 2 | -2 | 0 | 1 | 5 | 8 | 1 | 4 |
| EPS ($ per share) | 1.32 | — | 0.19 | 0.81 | 2.64 | — | 0.82 | 1.58 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -32 | -35 | -20 | -9 | -25 | -32 | -34 | -27 |
| Total liabilities | 8,073 | 7,953 | 6,048 | 3,505 | 793 | 681 | 881 | 597 |
| Fixed assets | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
| Total assets | 8,116 | 8,002 | 6,149 | 3,656 | 887 | 773 | 971 | 701 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -7 | -15 | 41 | 18 | -23 | -40 | 9 | 27 |
| Cash from investing | 2 | 4 | -12 | -23 | 14 | 38 | 17 | 26 |
| Cash from financing | -4 | 6 | 4 | 13 | -12 | -17 | -17 | -17 |
| Net cash flow | -9 | -6 | 34 | 9 | -21 | -18 | 9 | 37 |
| Capital expenditure | -1 | -0 | -0 | -1 | -1 | -0 | -1 | -1 |
| Free cash flow | -8 | -16 | 41 | 17 | -24 | -40 | 8 | 26 |
16 filings between Dec 19, 2025 and Aug 6, 2026.
Purchases
None
No insider bought shares.
Sales
$218.8K
4 sales by 1 insider
Also filed: 4 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Pooler Joseph W. Jr. | — | $218.8K | Aug 6, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 6, 2026 | Pooler Joseph W. Jr. EVP, CFO and Treasurer | Sale | 1,500 | $17.3K |
| Aug 5, 2026 | Pooler Joseph W. Jr. EVP, CFO and Treasurer | Sale | 7,295 | $85.7K |
| Jul 17, 2026 | COHEN DANIEL G Executive Chairman | Gift | 17,600 | $0 |
| Apr 23, 2026 | COHEN DANIEL G Executive Chairman | Gift | 8,000 | $0 |
| Mar 30, 2026 | COHEN DANIEL G Executive Chairman | Gift | 20,000 | $0 |
| Mar 20, 2026 | Pooler Joseph W. Jr. EVP, CFO and Treasurer | Sale | 705 | $11.0K |
| Mar 19, 2026 | Pooler Joseph W. Jr. EVP, CFO and Treasurer | Sale | 6,113 | $104.8K |
| Feb 3, 2026 | Pooler Joseph W. Jr. EVP, CFO and Treasurer | Tax withheld | 7,051 | $131.8K |
| Feb 3, 2026 | Listman Douglas Chief Accounting Officer | Tax withheld | 3,252 | $60.8K |
| Dec 30, 2025 | COHEN DANIEL G Executive Chairman | Gift | 30,000 | $0 |
| Dec 19, 2025 | DiMaio Jack J. Jr. Director | Award | 2,300 | $0 |
| Dec 19, 2025 | Pooler Joseph W. Jr. EVP, CFO and Treasurer | Award | 15,500 | $0 |
| Dec 19, 2025 | Haraburda Jack Director | Award | 2,300 | $0 |
| Dec 19, 2025 | Listman Douglas Chief Accounting Officer | Award | 12,000 | $0 |
| Dec 19, 2025 | Liberto Diana Louise Director | Award | 2,300 | $0 |
| Dec 19, 2025 | DAWSON G STEVEN Director | Award | 2,300 | $0 |
| Feb 4, 2025 | Pooler Joseph W. Jr. EVP, CFO and Treasurer | Tax withheld | 6,843 | $66.7K |
| Feb 4, 2025 | Listman Douglas Chief Accounting Officer | Tax withheld | 1,811 | $17.6K |
| Dec 20, 2024 | DAWSON G STEVEN Director | Award | 1,100 | $0 |
| Dec 20, 2024 | DiMaio Jack Director | Award | 1,100 | $0 |
| Dec 20, 2024 | Haraburda Jack Director | Award | 1,100 | $0 |
| Dec 20, 2024 | Liberto Diana Louise Director | Award | 1,100 | $0 |
| Dec 20, 2024 | Listman Douglas Chief Accounting Officer | Award | 10,000 | $0 |
| Dec 20, 2024 | Pooler Joseph W. Jr. EVP, CFO and Treasurer | Award | 15,500 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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