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Cohen & Company Inc. logo

Cohen & Company Inc.

COHN

AMEXFinancial ServicesFinancial - Capital Markets

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Previous close

$11.34

+$0.03 · +0.27%

Aug 21, 4:00 PM ET

COHN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

87

Deep Value

Momentum

43

Neutral

Sentiment

51

Mixed

Risk resilience

29

High Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Cohen & Company Inc. operates as a publicly traded investment management firm, primarily catering to both individual and institutional clients. A core offering involves the management of distinct, client-centric fixed income portfolios. Known previously as Institutional Financial Markets, Inc., the company also oversees various funds and collateralized debt obligations (CDOs) on behalf of its clientele. Its investment strategy spans the global fixed income and alternative investment landscapes. Within fixed income, its diverse holdings encompass a range of assets such as U.S. trust preferred securities, European hybrid capital securities, commercial real estate debt in Asia, mortgage-backed securities (MBS), and asset-backed securities (ABS). Established in 1999, Cohen & Company Inc. is headquartered in Philadelphia, Pennsylvania. Beyond its primary base, it maintains a significant presence with additional offices located in major financial centers including New York City, Boca Raton, Florida, Chicago, Illinois, Bethesda, Maryland, Boston, Massachusetts, Paris, France, and London, United Kingdom.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Lester Raymond Brafman
Listed since
Mar 17, 2004
Employees
129

Market position

Day range

Current $11.34

52-week range

Current $11.34

Open
$11.40
Previous close
$11.31
Volume
10.55K
0.41× average
Average volume
25.53K
Average daily volume
Market cap
36.62M USD
Beta
1.09
Market reference 1
50-day average
$12.7328
-10.94% below average
200-day average
$15.6623
-27.60% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
33.92M USD
P/E (TTM)
1.17×
P/B (TTM)
0.41×
P/S (TTM)
0.12×
EV / EBITDA
0.74×
Earnings yield
35.35%
Free cash flow yield
63.93%
Dividend yield
32.63%

Profitability & efficiency

Gross margin
47.80%
Operating margin
22.06%
Net margin
5.65%
Return on equity
28.25%
Return on assets
2.06%
Return on invested capital
9.10%

Financial health

Debt / equity
0.71×
Current ratio
33.96×
Altman Z-score
1.3
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends109%47%-16%-79%Gross margin, FY2021: 41.89%Gross margin, FY2022: -13.30%Gross margin, FY2023: 37.22%Gross margin, FY2024: 29.16%Gross margin, FY2025: 93.76%Operating margin, FY2021: 27.05%Operating margin, FY2022: -63.00%Operating margin, FY2023: 8.27%Operating margin, FY2024: -10.08%Operating margin, FY2025: 22.33%Net margin, FY2021: 8.07%Net margin, FY2022: -30.16%Net margin, FY2023: -6.16%Net margin, FY2024: -0.16%Net margin, FY2025: 5.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.89%. Gross margin FY2022 -13.30%. Gross margin FY2023 37.22%. Gross margin FY2024 29.16%. Gross margin FY2025 93.76%. Operating margin FY2021 27.05%. Operating margin FY2022 -63.00%. Operating margin FY2023 8.27%. Operating margin FY2024 -10.08%. Operating margin FY2025 22.33%. Net margin FY2021 8.07%. Net margin FY2022 -30.16%. Net margin FY2023 -6.16%. Net margin FY2024 -0.16%. Net margin FY2025 5.19%.

Income trends

Revenue

278.3M USD+249.63%

Operating income

62.14M USD+70.16M USD

Net income

14.43M USD+14.56M USD
Income trends across reported periods308.92M USD186.42M USD63.92M USD−58.59M USDRevenue, FY2021: 146.37M USDRevenue, FY2022: 44.39M USDRevenue, FY2023: 82.98M USDRevenue, FY2024: 79.6M USDRevenue, FY2025: 278.3M USDOperating income, FY2021: 39.59M USDOperating income, FY2022: −27.96M USDOperating income, FY2023: 6.86M USDOperating income, FY2024: −8.02M USDOperating income, FY2025: 62.14M USDNet income, FY2021: 11.81M USDNet income, FY2022: −13.39M USDNet income, FY2023: −5.11M USDNet income, FY2024: −129K USDNet income, FY2025: 14.43M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 146.37M USD. Revenue FY2022 44.39M USD. Revenue FY2023 82.98M USD. Revenue FY2024 79.6M USD. Revenue FY2025 278.3M USD. Operating income FY2021 39.59M USD. Operating income FY2022 −27.96M USD. Operating income FY2023 6.86M USD. Operating income FY2024 −8.02M USD. Operating income FY2025 62.14M USD. Net income FY2021 11.81M USD. Net income FY2022 −13.39M USD. Net income FY2023 −5.11M USD. Net income FY2024 −129K USD. Net income FY2025 14.43M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue278.3M USD79.6M USD82.98M USD44.39M USD146.37M USD
Cost of goods sold17.38M USD56.39M USD52.09M USD50.29M USD85.05M USD
Gross profit260.92M USD23.21M USD30.89M USD−5.9M USD61.32M USD
Research and development—6.62M USD5.2M USD5.08M USD3.37M USD
Selling, general, and administrative14.09M USD21.04M USD9.3M USD13.23M USD11.05M USD
Operating expenses198.78M USD31.23M USD24.03M USD22.06M USD21.73M USD
Interest expense5.88M USD5.82M USD6.53M USD4.98M USD7.23M USD
Depreciation and amortization724K USD556K USD563K USD557K USD371K USD
Operating income62.14M USD−8.02M USD6.86M USD−27.96M USD39.59M USD
Net income14.43M USD−129K USD−5.11M USD−13.39M USD11.81M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
1 beat, 0 misses, 0 met estimates
Average EPS surprise
+285.71%
1 comparable report
Latest EPS result
1.62
Estimate 0.42 · Beat by 285.71%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.311.65-0-1.66Q1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 10, 2025: actual -1.32, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 1, 2025: actual 0.22, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 0.94, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 4, 2025: actual 2.71, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 6, 2026: actual 2.97, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 1, 2026: actual 0.65, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 3, 2026: actual 1.62, estimate 0.42, surprise +285.71%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.42, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates109.48M78.24M47M15.76MQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 10, 2025: actual 18.54M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 1, 2025: actual 28.74M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 59.87M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 4, 2025: actual 84.21M USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 6, 2026: actual 102.74M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 1, 2026: actual 57.9M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 3, 2026: actual 69.49M USD, estimate 40.3M USD, surprise +72.42%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 40.8M USD, surprise —, Comparison unavailable.

COHN news

businesswire.com

Elroy Air and Columbus Circle Capital Corp II Announce Confidential Submission of Draft Registration Statement on Form S-4 in Connection with Proposed Business Combination

SAN FRANCISCO--(BUSINESS WIRE)--Elroy Air, Inc., a leading U.S.-based technology developer of autonomous heavy-cargo drones for defense, rapid response and commercial logistics, and Columbus Circle Capital Corp II…

Read source
seekingalpha.com

Cohen & Company Inc. (COHN) Q2 2026 Earnings Call Transcript

Cohen & Company Inc. (COHN) Q2 2026 Earnings Call Transcript

Read source
globenewswire.com

Cohen & Company Reports Second Quarter 2026 Financial Results

Board Declares Quarterly Dividend of $0.25 per Share Revenue of $69.5 Million Net Income Attributable to Cohen & Company Inc. of $3.6 Million, or $0.94 per Diluted Share Adjusted Pre-Tax Income of $10.1 Million, or $1.62…

Read source
globenewswire.com

Cohen & Company Sets Release Date for Second Quarter 2026 Financial Results

PHILADELPHIA and NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the second quarter ended June 30, 2026 on Monday, August 3, 2026. The Company…

Read source
globenewswire.com

Columbus Circle Capital Corp. III and Cohen & Company Inc. Announce Completion of $230,000,000 Initial Public Offering

New York, NY, July 10, 2026 (GLOBE NEWSWIRE) -- Columbus Circle Capital Corp. III (Nasdaq: CCCTU) (the “Company”) and Cohen & Company Inc. (NYSE American: COHN) (“Cohen & Company”) today announced the closing of the…

Read source
gurufocus.com

Elroy Air to Become Publicly Traded Company via Business Combination with Inflection Point-led SPAC

Elroy Air, Inc., a leading U.S.-based technology developer of autonomous heavy-cargo drones for defense, rapid response and commercial logistics, and Columbus

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.00

2025 complete year+25.0% since 2018

2026 partial: $3.45

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 19, 2026

$0.25

Quarterly

Record Aug 19, 2026 · Payment Sep 2, 2026

Dividend

Ex-dividend May 18, 2026

$0.25

Semi-Annual

Record May 18, 2026 · Payment Jun 2, 2026

Dividend

Ex-dividend Mar 20, 2026

$0.95

Special

Record Mar 20, 2026 · Payment Apr 3, 2026

Dividend

Ex-dividend Jan 7, 2026

$2.00

Special

Record Jan 7, 2026 · Payment Jan 22, 2026

Dividend

Ex-dividend Nov 19, 2025

$0.25

Quarterly

Record Nov 19, 2025 · Payment Dec 3, 2025

Dividend

Ex-dividend Aug 15, 2025

$0.25

Quarterly

Record Aug 15, 2025 · Payment Aug 29, 2025

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ETFs holding COHN

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
219.01K
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
172.14K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
86.24K
Weight
0.01%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%
EA Bridgeway Omni Small-Cap Value ETF logoEA Bridgeway Omni Small-Cap Value ETFBSVO
Market value
30K
Weight
—
AUM
1.71B USD
Expense ratio
0.47%
Price / 1D
$29.62+0.85%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
27.27K
Weight
0.00%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
Dimensional - US Core Equity 2 ETF logoDimensional - US Core Equity 2 ETFDFAC
Market value
14.04K
Weight
0.00%
AUM
49.31B USD
Expense ratio
0.17%
Price / 1D
$45.61+0.46%
Dimensional - US Sustainability Core 1 ETF logoDimensional - US Sustainability Core 1 ETFDFSU
Market value
11.15K
Weight
0.00%
AUM
2.35B USD
Expense ratio
0.15%
Price / 1D
$48.20+0.52%
U.S. Micro Cap Portfolio ETF logoU.S. Micro Cap Portfolio ETFDFMC
Market value
7.23K
Weight
0.00%
AUM
8.06B USD
Expense ratio
0.43%
Price / 1D
$60.95+0.73%

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