Siebert Financial (SIEB)
Market Price (3/13/2026): $2.125 | Market Cap: $85.9 MilSector: Financials | Industry: Diversified Capital Markets
Siebert Financial (SIEB)
Market Price (3/13/2026): $2.125Market Cap: $85.9 MilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8%, FCF Yield is 51% | Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -65% | Key risksSIEB key risks include [1] recent regulatory fines for rule violations and [2] indicators of financial distress suggesting a potential bankruptcy risk. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -349% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.09 | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 52%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48% | ||
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8%, FCF Yield is 51% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -349% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 52%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% |
| Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -65% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.09 |
| Key risksSIEB key risks include [1] recent regulatory fines for rule violations and [2] indicators of financial distress suggesting a potential bankruptcy risk. |
Qualitative Assessment
AI Analysis | Feedback
1. Declining Profitability and Negative Earnings Trend.
Siebert Financial reported a substantial decrease in operating income by 54.8% to $2.2 million in the third quarter of 2025 compared to the prior-year quarter, a decline attributed to investments in new business lines despite overall revenue growth. This negative trend is further highlighted by the company's earnings for the trailing twelve months ending September 30, 2025, which showed a year-over-year decrease of 30.8%.
2. Bearish Market Sentiment and Analyst Outlook.
Market sentiment towards Siebert Financial has turned bearish, with a consensus "Hold" rating from Wall Street analysts as of February 28, 2026. This sentiment is reinforced by a significant increase in short interest, which rose by 19.5% in January 2026 to 413,818 shares, indicating a growing negative outlook among investors.
Show more
Stock Movement Drivers
Fundamental Drivers
The -37.1% change in SIEB stock from 11/30/2025 to 3/12/2026 was primarily driven by a -37.1% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3122026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.21 | 2.02 | -37.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 87 | 87 | 0.0% |
| Net Income Margin (%) | 8.3% | 8.3% | 0.0% |
| P/E Multiple | 17.8 | 11.2 | -37.1% |
| Shares Outstanding (Mil) | 40 | 40 | 0.0% |
| Cumulative Contribution | -37.1% |
Market Drivers
11/30/2025 to 3/12/2026| Return | Correlation | |
|---|---|---|
| SIEB | -37.1% | |
| Market (SPY) | -2.5% | 18.6% |
| Sector (XLF) | -8.4% | 33.7% |
Fundamental Drivers
The -26.0% change in SIEB stock from 8/31/2025 to 3/12/2026 was primarily driven by a -26.4% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3122026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.73 | 2.02 | -26.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 84 | 87 | 4.3% |
| Net Income Margin (%) | 11.3% | 8.3% | -26.4% |
| P/E Multiple | 11.6 | 11.2 | -3.6% |
| Shares Outstanding (Mil) | 40 | 40 | -0.1% |
| Cumulative Contribution | -26.0% |
Market Drivers
8/31/2025 to 3/12/2026| Return | Correlation | |
|---|---|---|
| SIEB | -26.0% | |
| Market (SPY) | 3.5% | 22.4% |
| Sector (XLF) | -9.3% | 34.1% |
Fundamental Drivers
The -22.3% change in SIEB stock from 2/28/2025 to 3/12/2026 was primarily driven by a -37.1% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3122026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.60 | 2.02 | -22.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 81 | 87 | 8.3% |
| Net Income Margin (%) | 13.3% | 8.3% | -37.1% |
| P/E Multiple | 9.7 | 11.2 | 15.3% |
| Shares Outstanding (Mil) | 40 | 40 | -1.0% |
| Cumulative Contribution | -22.3% |
Market Drivers
2/28/2025 to 3/12/2026| Return | Correlation | |
|---|---|---|
| SIEB | -22.3% | |
| Market (SPY) | 13.1% | 22.0% |
| Sector (XLF) | -5.4% | 29.4% |
Fundamental Drivers
The 5.1% change in SIEB stock from 2/28/2023 to 3/12/2026 was primarily driven by a 223.6% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3122026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.92 | 2.02 | 5.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 50 | 87 | 76.4% |
| Net Income Margin (%) | 2.6% | 8.3% | 223.6% |
| P/E Multiple | 48.7 | 11.2 | -77.0% |
| Shares Outstanding (Mil) | 32 | 40 | -19.8% |
| Cumulative Contribution | 5.1% |
Market Drivers
2/28/2023 to 3/12/2026| Return | Correlation | |
|---|---|---|
| SIEB | 5.1% | |
| Market (SPY) | 74.3% | 22.5% |
| Sector (XLF) | 43.0% | 25.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SIEB Return | -45% | -41% | 24% | 88% | 11% | -41% | -51% |
| Peers Return | 49% | 4% | 6% | 53% | 24% | -7% | 190% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 80% |
Monthly Win Rates [3] | |||||||
| SIEB Win Rate | 25% | 42% | 42% | 58% | 50% | 33% | |
| Peers Win Rate | 65% | 57% | 53% | 72% | 57% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| SIEB Max Drawdown | -51% | -47% | -2% | -12% | -30% | -48% | |
| Peers Max Drawdown | -2% | -23% | -18% | -6% | -17% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -2% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SCHW, IBKR, LPLA, SF, RJF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/12/2026 (YTD)
How Low Can It Go
| Event | SIEB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -85.2% | -25.4% |
| % Gain to Breakeven | 574.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -63.6% | -33.9% |
| % Gain to Breakeven | 175.0% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -62.9% | -19.8% |
| % Gain to Breakeven | 169.9% | 24.7% |
| Time to Breakeven | 96 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -73.0% | -56.8% |
| % Gain to Breakeven | 270.1% | 131.3% |
| Time to Breakeven | 3,203 days | 1,480 days |
Compare to SCHW, IBKR, LPLA, SF, RJF
In The Past
Siebert Financial's stock fell -85.2% during the 2022 Inflation Shock from a high on 1/29/2021. A -85.2% loss requires a 574.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Siebert Financial (SIEB)
AI Analysis | Feedback
Here are 1-3 brief analogies for Siebert Financial (SIEB):
- A smaller, independent version of Charles Schwab or Fidelity for online brokerage and investment services.
- A boutique financial services firm offering retail brokerage, investment banking, and clearing services, similar in scope to a smaller Raymond James.
AI Analysis | Feedback
- Retail Brokerage Services: Provides investment accounts, online trading platforms, and financial advisory services to individual investors.
- Custody and Clearing Services: Offers back-office support, including asset custody, trade execution, and settlement for financial institutions and independent advisors.
- Investment Advisory Platforms: Supplies independent financial advisors with comprehensive platforms and support services to manage their clients' assets.
- Asset Management: Manages investment portfolios and offers various investment strategies through its subsidiary, WBI Investments.
AI Analysis | Feedback
Siebert Financial (symbol: SIEB) operates a diversified financial services business that serves both individual and institutional clients. While the company has a significant Capital Markets division catering to institutional customers (such as hedge funds, registered investment advisors, and other broker-dealers), its historical foundation and a substantial portion of its business, particularly through Muriel Siebert & Co., Inc., are focused on individual investors. Therefore, the company primarily serves individuals.
The up to three categories of individual customers that Siebert Financial serves include:
- Individual Retail Investors: This category encompasses everyday investors who utilize Siebert's brokerage platform for self-directed trading of various investment products, including stocks, options, and mutual funds.
- High-Net-Worth Customers: These are individuals with substantial assets who often seek more personalized financial advice, wealth management services, and access to a broader array of sophisticated investment strategies and products.
AI Analysis | Feedback
- Apex Clearing Corporation
- StoneX Group Inc. (Symbol: SNEX)
AI Analysis | Feedback
John J. Gebbia Sr., Chief Executive Officer / Board Member
Mr. Gebbia brings decades of leadership experience in the financial services industry, having held executive roles at firms such as Merrill Lynch; Walston & Company; and Jesup, Josephthal & Co.. He purchased Jesup & Lamont, an institutional brokerage firm, in 1983 after serving as its CEO. After the Gebbia Family acquired approximately 90% of Siebert's outstanding common stock in 2016, Mr. Gebbia was instrumental in significantly growing Siebert's annual revenue and diversifying its business lines, including the acquisition of StockCross Financial Services, Inc.. He also has other business ventures in real estate, entertainment, and sports. Born in Sicily, Italy, he emigrated to New York in 1950 and began his finance career on the New York Stock Exchange floor at 21 years old.
Andrew Reich, Chief Financial Officer and Board Member
Mr. Reich possesses over 30 years of experience in the financial industry. He served in various executive positions with StockCross Financial Services, Inc. from 2002 to 2016, including Chairman from 2015 to 2016. He has also served as CFO of Gebbia Holding Co., an investment holding company, and CFO of Park Wilshire Insurance Company. Mr. Reich became Executive Vice President, Chief Financial Officer, and Assistant Secretary of Siebert Financial Corp. and CEO of Muriel Siebert & Co., Inc. in December 2016. He holds an M.B.A. from the University of Southern California and a B.B.A. from Baruch College. He is also the owner of Aarianna Realty Inc., a real estate company.
Gloria E. Gebbia, Board Member and Majority Shareholder
Ms. Gebbia is the managing manager of Kennedy Cabot Acquisition, LLC (KCA). She played a pivotal role in the 2016 acquisition of Siebert Financial Corp. by KCA, through which the Gebbia family acquired a majority stake. She was also an owner and director of StockCross Financial Services, Inc. Along with John J. Gebbia Sr., she is credited with rejuvenating Siebert Financial and substantially growing the firm in the years following the acquisition. She has been married to John J. Gebbia for over 60 years.
Eric Tassell, President
Mr. Tassell has extensive experience in the financial industry, starting his career at TD Waterhouse in 1995 as a Branch Manager and advancing to Regional VP and Vice President of Operations. He joined E*TRADE in 2003 as a Director, overseeing branch expansion, and later became Mid-market Segment Leader for Corporate Services at E*TRADE Financial in 2005. Prior to his promotion to President of Siebert Financial in August 2022, he served as a Senior Vice President at StockCross Financial and then Siebert Financial, joining Siebert in 2009.
Gregory Schebece, Chief Operating Officer
Mr. Schebece has been active in the financial industry since 1988 and is currently registered with Muriel Siebert & Co., LLC. His previous affiliations include Stockcross Financial Services, Inc., National Investor Services Corp., TD Ameritrade, Inc., Kennedy, Cabot & Co., T.R. Winston & Company, Inc., and Crowell, Weedon & Co. He holds a wide array of licenses and certifications, including Series 7, 24, 55, 62, 63, 8, 9, 10, 57TO, 99TO, and SIE.
AI Analysis | Feedback
The key risks to Siebert Financial (SIEB) include:
- Securities Market Volatility and Industry Risks: A significant portion of Siebert Financial's revenue is derived from its securities brokerage business, making it highly susceptible to volatile trading markets and fluctuations in market activity. Downturns in the overall economy and securities industry directly impact commission revenues and profitability. Such negative market conditions, if prolonged, could materially adversely affect the company's business, results of operations, and financial condition.
- Extensive Regulation and Regulatory Uncertainties: As a participant in the financial services industry, Siebert Financial is subject to extensive and evolving regulations from various bodies, including the SEC, FINRA, NYSE, MSRB, CFTC, and NFA. Non-compliance with these federal and state regulations can lead to substantial fines, suspensions, and significant liabilities, as well as reputational harm. For instance, the firm was recently fined by FINRA for rule violations related to inaccurate trade reporting for municipal securities transactions.
- Financial Health and Liquidity Concerns: Siebert Financial has shown some indicators of potential financial distress and liquidity challenges. Recent reports noted a decrease in cash and cash equivalents. Additionally, the company's Altman Z-Score of 0.61 places it in the distress zone, suggesting a potential risk of bankruptcy within the next two years. Inefficiencies in capital utilization, with a return on invested capital (ROIC) lower than the weighted average cost of capital (WACC), also contribute to financial health concerns.
AI Analysis | Feedback
- The widespread adoption of commission-free trading models by larger competitors and newer fintech platforms has fundamentally eroded the revenue model for traditional discount brokers. This forces firms like Siebert to either match these pricing strategies, sacrificing profitability, or risk losing clients to competitors offering seemingly "free" trades for common transactions.
- The rapid rise of technologically advanced "neobrokers" offering intuitive mobile-first experiences, fractional share trading, and integrated financial tools, has attracted a significant portion of retail investors, particularly younger demographics. This innovation sets a higher standard for user experience and diverts market share from traditional firms that may have legacy technology or less engaging digital platforms.
AI Analysis | Feedback
Siebert Financial (symbol: SIEB) offers a range of financial products and services. The addressable markets for its main offerings in the U.S. are as follows:Online Brokerage/E-Brokerage
The market size of online stock brokerages in the U.S. is projected to be $14.6 billion in 2025.Wealth Management
The wealth management market in North America was approximately $937.45 billion in 2023.Investment Banking
The U.S. investment banking market is valued at $54.74 billion in 2025.Insurance Services
nullCorporate Stock Plan Administration Solutions
nullAI Analysis | Feedback
Siebert Financial (SIEB) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic expansion, technological investments, and client-focused initiatives:
-
Expansion into New Business Lines and Markets: Siebert Financial has strategically launched new ventures, including Siebert Investment Banking, focusing on middle-market clients and high-growth sectors such as FinTech and digital assets. Additionally, the company established a Capital Markets Group to strengthen its institutional market presence and boost retail growth. Siebert also enhanced its Stock Plan Services and entered the media and entertainment sectors through the acquisition of Gebbia Media.
-
Investments in Technology and Digital Wealth Management: The company is making strategic investments in technology and digital wealth management platforms to modernize its offerings and enhance its competitive position. This includes investments in its retail trading platforms and a notable $2.0 million investment in FusionIQ, a cloud-native digital wealth management platform.
-
Customer Base Expansion and Targeted Initiatives: Siebert is focused on expanding its client base, evidenced by an increase in retail customer net worth and total retail customer accounts. A key initiative is the launch of Siebert.Valor, a fintech platform designed to provide customized financial education and investment services to military service members, veterans, law enforcement, and first responders.
-
Growth in Core Commission, Fee, and Lending Revenues: Sustained growth in established revenue streams, such as commissions and fees, stock borrow/stock loan activities, and interest revenues, is a crucial driver. Siebert's 2024 full-year results demonstrated strong performance in these areas, contributing significantly to overall revenue growth.
-
Strategic Partnerships and Geographic Expansion: Siebert is forming strategic alliances and expanding its physical footprint. The opening of a Washington, D.C. office supports the expanding Capital Markets and Investment Banking team. Furthermore, a strategic partnership with Next Securities aims to integrate AI technology and digital platform expertise with Siebert's financial infrastructure to develop new tools, market insights, and explore expansion into global markets and digital assets capabilities.
AI Analysis | Feedback
Share Repurchases
- Siebert Financial Corp. has a credit facility in place allowing for stock buybacks up to $10 million.
Share Issuance
- On June 9, 2025, a shelf registration statement on Form S-3 was declared effective by the SEC, enabling the company to raise up to $100 million through the sale of various securities to enhance financial flexibility for strategic initiatives, including acquisitions and technology advancements.
- The company launched a $50 million at-the-market (ATM) offering to fund strategic initiatives in AI, digital assets, and potential acquisitions.
- As of May 13, 2025, Siebert Financial had 41,409,936 issued shares and 40,409,936 shares outstanding.
Outbound Investments
- In January 2020, Siebert Financial Corp. acquired the remaining 85% of StockCross' outstanding shares, merging StockCross into Muriel Siebert & Co., Inc.
- In August 2025, Siebert invested $2.0 million in IQvestment Holdings ("FusionIQ"), a cloud-native digital wealth management platform.
- On October 28, 2025, Siebert Financial Corp. acquired the remaining 32% stake in RISE Financial Services, LLC for $3.7 million, making it a wholly-owned subsidiary.
Capital Expenditures
- In the second quarter of 2025, adjusted operating income was primarily impacted by additional investment in new personnel related to technology initiatives and expansion into new business lines, such as investment banking and servicing active trader customers.
- The company is focused on a strategic transformation that includes significant investments in technology and financial innovation, particularly in AI, digital assets, and digital wealth management platforms.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Siebert Financial Earnings Notes | 12/16/2025 | |
| Is Siebert Financial Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to SIEB.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02202026 | COIN | Coinbase Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.6% | 2.6% | -6.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 81.03 |
| Mkt Cap | 25.8 |
| Rev LTM | 12,126 |
| Op Inc LTM | 1,553 |
| FCF LTM | 1,228 |
| FCF 3Y Avg | 922 |
| CFO LTM | 1,356 |
| CFO 3Y Avg | 1,051 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.5% |
| Rev Chg 3Y Avg | 15.1% |
| Rev Chg Q | 15.5% |
| QoQ Delta Rev Chg LTM | 4.0% |
| Op Mgn LTM | 10.5% |
| Op Mgn 3Y Avg | 16.7% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 29.7% |
| CFO/Rev 3Y Avg | 12.2% |
| FCF/Rev LTM | 28.0% |
| FCF/Rev 3Y Avg | 10.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 25.8 |
| P/S | 2.0 |
| P/EBIT | 8.9 |
| P/E | 17.1 |
| P/CFO | 5.8 |
| Total Yield | 6.4% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 4.9% |
| D/E | 0.1 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.1% |
| 3M Rtn | -15.2% |
| 6M Rtn | -11.0% |
| 12M Rtn | 8.6% |
| 3Y Rtn | 76.4% |
| 1M Excs Rtn | -11.7% |
| 3M Excs Rtn | -13.0% |
| 6M Excs Rtn | -12.8% |
| 12M Excs Rtn | -11.6% |
| 3Y Excs Rtn | -34.8% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Margin interest | 16 | ||||
| Stock locate services | 13 | ||||
| Interest income | 12 | 4 | |||
| Riskless principal transactions with customers | 9 | ||||
| Brokerage commissions | 6 | ||||
| Proprietary trading | 4 | ||||
| Stock rebate revenue | 3 | ||||
| Advisory fees | 2 | 2 | 2 | 1 | 1 |
| Marketing and distribution fees | 2 | ||||
| Market making | 1 | 2 | 6 | 2 | 2 |
| Distribution fees | 1 | ||||
| Payment for order flow | 1 | ||||
| Administrative fees | 1 | ||||
| Insurance commissions | 0 | ||||
| Other commissions | 0 | ||||
| Retail fees (rebates) | -0 | ||||
| Commissions and fees | 7 | 18 | 20 | 10 | |
| Interest, marketing and distribution fees | 17 | 13 | 14 | 15 | |
| Other income | 3 | 1 | 1 | 1 | |
| Principal transactions and proprietary trading | 4 | 16 | 12 | 9 | |
| Stock borrow / stock loan | 15 | 12 | 4 | 2 | |
| Total | 72 | 50 | 68 | 55 | 43 |
Price Behavior
| Market Price | $2.02 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 03/18/1980 | |
| Distance from 52W High | -62.9% | |
| 50 Days | 200 Days | |
| DMA Price | $2.68 | $3.34 |
| DMA Trend | down | down |
| Distance from DMA | -24.7% | -39.5% |
| 3M | 1YR | |
| Volatility | 48.3% | 69.0% |
| Downside Capture | 185.36 | 138.72 |
| Upside Capture | -187.36 | 96.07 |
| Correlation (SPY) | 15.5% | 21.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.71 | 1.05 | 1.27 | 1.30 | 0.79 | 0.96 |
| Up Beta | 0.59 | 0.64 | -0.50 | 0.43 | 0.58 | 0.74 |
| Down Beta | 3.44 | 2.13 | 2.33 | 1.80 | 0.30 | 0.85 |
| Up Capture | -264% | -185% | -46% | 56% | 117% | 110% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 4 | 12 | 20 | 47 | 114 | 356 |
| Down Capture | 290% | 311% | 255% | 168% | 133% | 107% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 16 | 28 | 40 | 71 | 130 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SIEB | |
|---|---|---|---|---|
| SIEB | 5.6% | 67.9% | 0.35 | - |
| Sector ETF (XLF) | 3.6% | 19.3% | 0.06 | 29.4% |
| Equity (SPY) | 21.0% | 18.9% | 0.87 | 20.8% |
| Gold (GLD) | 74.9% | 26.2% | 2.12 | 8.8% |
| Commodities (DBC) | 19.3% | 17.2% | 0.89 | 2.2% |
| Real Estate (VNQ) | 5.7% | 16.3% | 0.16 | 21.9% |
| Bitcoin (BTCUSD) | -16.1% | 44.2% | -0.27 | 18.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SIEB | |
|---|---|---|---|---|
| SIEB | -11.5% | 64.3% | 0.07 | - |
| Sector ETF (XLF) | 9.5% | 18.7% | 0.39 | 21.4% |
| Equity (SPY) | 13.2% | 17.0% | 0.61 | 22.1% |
| Gold (GLD) | 24.2% | 17.3% | 1.14 | 6.7% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 7.9% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 16.3% |
| Bitcoin (BTCUSD) | 7.3% | 56.8% | 0.35 | 12.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SIEB | |
|---|---|---|---|---|
| SIEB | 8.1% | 93.4% | 0.44 | - |
| Sector ETF (XLF) | 12.5% | 22.2% | 0.52 | 20.7% |
| Equity (SPY) | 14.7% | 17.9% | 0.70 | 21.1% |
| Gold (GLD) | 14.6% | 15.6% | 0.77 | 4.3% |
| Commodities (DBC) | 8.8% | 17.6% | 0.41 | 10.4% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 18.7% |
| Bitcoin (BTCUSD) | 66.7% | 66.8% | 1.06 | 10.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2023 | 6.4% | 6.4% | 2.9% |
| 4/4/2022 | 0.7% | -4.1% | -0.7% |
| SUMMARY STATS | |||
| # Positive | 2 | 1 | 1 |
| # Negative | 0 | 1 | 1 |
| Median Positive | 3.6% | 6.4% | 2.9% |
| Median Negative | -4.1% | -0.7% | |
| Max Positive | 6.4% | 6.4% | 2.9% |
| Max Negative | -4.1% | -0.7% | |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/22/2024 | 10-Q |
| 12/31/2023 | 05/10/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/29/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/23/2022 | 10-Q |
| 12/31/2021 | 03/30/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.