BGC Group, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), BGC Group, Inc. reported revenue of $2.9B (+30.0% year on year) and net income of $155.0M (+22.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Commissions | $2.3B | $1.6B | $1.5B | $1.3B |
| Principal transactions | $440.8M | $389.4M | $368.1M | $365.5M |
| Fees from related parties | $18.7M | $20.7M | $16.0M | $14.7M |
| Data, network and post-trade | $139.0M | $127.0M | $111.5M | — |
| Interest and dividend income | $53.8M | $56.2M | $45.4M | $21.0M |
| Other revenues | $31.6M | $20.7M | $19.9M | $16.4M |
| Total revenues | $2.9B | $2.3B | $2.0B | $1.8B |
| Compensation and employee benefits | $1.7B | $1.1B | $992.6M | $853.2M |
| Equity-based compensation and allocations of net income to limited partnership units and FPUs | $329.6M | $369.1M | $355.4M | $251.1M |
| Total compensation and employee benefits | $2.0B | $1.5B | $1.3B | $1.1B |
| Occupancy and equipment | $184.2M | $169.2M | $162.7M | $157.5M |
| Fees to related parties | $38.3M | $32.5M | $32.6M | $25.7M |
| Professional and consulting fees | $67.0M | $64.9M | $60.4M | $68.8M |
| Communications | $136.4M | $120.6M | $114.1M | $108.1M |
| Selling and promotion | $105.2M | $70.5M | $61.9M | $49.2M |
| Commissions and floor brokerage | $70.3M | $70.8M | $61.5M | $58.3M |
| Interest expense | $125.3M | $91.1M | $77.2M | $57.9M |
| Other expenses | $104.8M | $69.7M | $74.3M | $87.4M |
| Total expenses | $2.8B | $2.2B | $2.0B | $1.7B |
| Gains (losses) on divestitures and sale of investments | $66.7M | $38.8M | $0 | ($1.0M) |
| Gains (losses) on equity method investments | $8.3M | $8.4M | $9.2M | $10.9M |
| Other income (loss) | $14.4M | $45.4M | $16.0M | $9.4M |
| Total other income (losses), net | $89.5M | $92.6M | $25.1M | $19.3M |
| Income (loss) from operations before income taxes | $213.7M | $173.1M | $57.7M | $97.5M |
| Provision (benefit) for income taxes | $67.2M | $49.9M | $18.9M | $38.6M |
| Consolidated net income (loss) | $146.5M | $123.2M | $38.8M | $58.9M |
| Less: Net income (loss) attributable to noncontrolling interest in subsidiaries | ($8.4M) | ($3.8M) | $2.5M | $10.2M |
| Net income (loss) available to common stockholders | $155.0M | $127.0M | $36.3M | $48.7M |
| Net income (loss) attributable to common stockholders | $148.6M | $121.2M | $34.1M | $48.7M |
| Basic earnings (loss) per share (in dollars per share) | $0.31 | $0.26 | $0.08 | $0.13 |
| Basic weighted-average shares of common stock outstanding (in shares) | 476.4M | 473.4M | 426.4M | 371.6M |
| Net income (loss) for fully diluted shares | 148.7M | 121.3M | 33.9M | 63.5M |
| Fully diluted earnings (loss) per share (in dollars per share) | $0.31 | $0.25 | $0.07 | $0.13 |
| Fully diluted weighted-average shares of common stock outstanding (in shares) | 480.9M | 479.1M | 490.0M | 499.4M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Commissions | $649.2M | $752.9M | $573.2M | $599.5M |
| Principal transactions | $122.3M | $142.9M | $100.0M | $120.4M |
| Fees from related parties | $5.5M | $4.3M | $4.5M | $5.2M |
| Data, network and post-trade | $36.7M | $34.5M | $34.3M | $35.5M |
| Interest and dividend income | $26.7M | $10.6M | $14.0M | $15.3M |
| Other revenues | $5.2M | $10.3M | $10.9M | $8.1M |
| Total revenues | $845.5M | $955.5M | $736.8M | $784.0M |
| Compensation and employee benefits | $449.9M | $537.3M | $400.3M | $416.5M |
| Equity-based compensation and allocations of net income to limited partnership units | $75.6M | $83.4M | — | — |
| Total compensation and employee benefits | $525.5M | $620.8M | $474.7M | $500.4M |
| Occupancy and equipment | $47.3M | $47.7M | $47.6M | $46.5M |
| Fees to related parties | $9.7M | $8.1M | $9.3M | $10.4M |
| Professional and consulting fees | $17.3M | $16.9M | $18.3M | $15.8M |
| Communications | $38.2M | $38.7M | $35.6M | $34.7M |
| Selling and promotion | $37.4M | $29.1M | $26.5M | $28.8M |
| Commissions and floor brokerage | $20.4M | $21.7M | $17.3M | $16.7M |
| Interest expense | $32.8M | $32.5M | $33.8M | $33.8M |
| Other expenses | $45.0M | $31.6M | $42.4M | $24.7M |
| Total expenses | $773.6M | $847.0M | $705.6M | $711.7M |
| Gains (losses) on divestitures and sale of investments | $20.0M | — | — | — |
| Gains (losses) on equity method investments | $5.7M | $4.6M | $2.3M | $2.4M |
| Other income (loss) | $1.3M | $2.4M | ($35.0K) | $581.0K |
| Total other income (losses), net | $27.0M | $6.9M | $2.3M | $3.0M |
| Income (loss) from operations before income taxes | $98.9M | $115.4M | $33.5M | $75.3M |
| Provision (benefit) for income taxes | $30.1M | $32.0M | $7.4M | $19.1M |
| Consolidated net income (loss) | $68.8M | $83.5M | $26.1M | $56.2M |
| Less: Net income (loss) attributable to noncontrolling interest in subsidiaries | ($3.6M) | ($684.0K) | ($1.8M) | ($1.3M) |
| Net income (loss) available to common stockholders | $72.5M | $84.1M | $27.9M | $57.5M |
| Net income (loss) attributable to common stockholders | $69.6M | $80.6M | $26.8M | $55.1M |
| Basic earnings (loss) per share (in dollars per share) | $0.15 | $0.17 | $0.06 | $0.11 |
| Basic weighted-average shares of common stock outstanding (in shares) | 475.6M | 474.2M | 474.6M | 480.1M |
| Net income (loss) for fully diluted shares | 69.6M | 80.7M | 26.8M | 55.1M |
| Fully diluted earnings (loss) per share (in dollars per share) | $0.15 | $0.17 | $0.06 | $0.11 |
| Fully diluted weighted-average shares of common stock outstanding (in shares) | 479.0M | 479.2M | 478.5M | 484.6M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $851.5M | $711.6M | $655.6M | $485.0M |
| Cash segregated under regulatory requirements | $22.2M | $21.7M | $17.3M | $17.0M |
| Financial instruments owned, at fair value | $127.6M | $186.2M | $45.8M | $39.3M |
| Receivables from broker-dealers, clearing organizations, customers and related broker-dealers | $468.0M | $365.5M | $350.0M | $559.7M |
| Accrued commissions and other receivables, net | $482.0M | $324.2M | $305.8M | $288.5M |
| Loans, forgivable loans and other receivables from employees and partners, net | $436.1M | $360.1M | $367.8M | $319.6M |
| Fixed assets, net | $182.1M | $190.0M | $178.3M | $183.5M |
| Investments | $37.8M | $39.3M | $38.3M | $38.6M |
| Goodwill | $648.6M | $540.3M | $506.3M | $486.6M |
| Other intangible assets, net | $427.9M | $240.9M | $211.3M | $192.8M |
| Receivables from related parties | $5.0M | $7.3M | $2.7M | $1.4M |
| Other assets | $723.2M | $604.9M | $496.7M | $463.0M |
| Total assets | $4.4B | $3.6B | $3.2B | $3.1B |
| Short-term borrowings from related parties | $20.0M | — | — | — |
| Accrued compensation | $364.0M | $227.9M | $206.4M | $176.8M |
| Payables to broker-dealers, clearing organizations, customers and related broker-dealers | $306.4M | $225.4M | $202.3M | $404.7M |
| Payables to related parties | $28.6M | $29.0M | $17.5M | $10.6M |
| Accounts payable, accrued and other liabilities | $772.0M | $693.0M | $668.2M | $683.1M |
| Notes payable and other borrowings | $1.8B | $1.3B | $1.2B | $1.0B |
| Total liabilities | $3.3B | $2.5B | $2.3B | $2.3B |
| Common stock value | $5.5M | $5.3M | $5.1M | $5.2M |
| Additional paid-in capital | $2.5B | $2.3B | $2.1B | $2.6B |
| Treasury stock, at cost: 81,745,750 and 50,064,152 shares of Class A common stock at December 31, 2025 and December 31, 2024, respectively | -614.5M | -331.7M | — | — |
| Retained deficit | ($910.4M) | ($1.0B) | ($1.1B) | ($1.1B) |
| Accumulated other comprehensive income (loss) | ($40.6M) | ($59.8M) | ($38.6M) | ($45.4M) |
| Total stockholders’ equity | $972.5M | $898.5M | $885.1M | $669.6M |
| Noncontrolling interest in subsidiaries | $172.9M | $180.7M | $13.1M | $63.6M |
| Total equity | $1.1B | $1.1B | $898.2M | $733.2M |
| Total liabilities and equity | $4.4B | $3.6B | $3.2B | $3.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $766.9M | $781.0M | $774.9M | $827.8M |
| Cash segregated under regulatory requirements | $19.7M | $22.1M | $24.3M | $14.2M |
| Financial instruments owned, at fair value | $94.5M | $97.4M | $149.8M | $139.5M |
| Receivables from broker-dealers, clearing organizations, customers and related broker-dealers | $1.7B | $1.8B | $1.9B | $951.4M |
| Accrued commissions and other receivables, net | $590.6M | $612.5M | $526.3M | $526.7M |
| Loans, forgivable loans and other receivables from employees and partners, net | $498.5M | $470.0M | $479.7M | $468.3M |
| Fixed assets, net | $180.0M | $181.0M | $192.6M | $189.5M |
| Investments | $52.0M | $48.4M | $39.0M | $43.6M |
| Goodwill | $646.8M | $646.6M | $649.1M | $625.6M |
| Other intangible assets, net | $410.8M | $420.4M | $435.5M | $445.8M |
| Receivables from related parties | $5.9M | $5.1M | $9.1M | $10.5M |
| Other assets | $765.7M | $741.3M | $645.2M | $649.1M |
| Total assets | $5.8B | $5.9B | $5.8B | $4.9B |
| Short-term borrowings from related parties | $0 | $0 | — | — |
| Accrued compensation | $338.6M | $352.8M | $307.3M | $309.6M |
| Payables to broker-dealers, clearing organizations, customers and related broker-dealers | $1.5B | $1.6B | $1.7B | $777.2M |
| Payables to related parties | $46.3M | $32.3M | $1.7M | $835.0K |
| Accounts payable, accrued and other liabilities | $814.0M | $790.0M | $821.9M | $777.9M |
| Notes payable and other borrowings | $1.8B | $1.8B | $1.8B | $1.9B |
| Total liabilities | $4.5B | $4.6B | $4.7B | $3.8B |
| Common stock value | $5.6M | $5.6M | $5.5M | $5.5M |
| Additional paid-in capital | $2.6B | $2.6B | $2.5B | $2.4B |
| Treasury stock, at cost: 91,922,990 and 81,745,750 shares of Class A common stock at June 30, 2026 and December 31, 2025, respectively | -730.5M | -617.0M | -545.7M | -503.8M |
| Retained deficit | ($773.1M) | ($836.0M) | ($915.1M) | ($933.2M) |
| Accumulated other comprehensive income (loss) | ($39.4M) | ($40.4M) | ($39.8M) | ($41.1M) |
| Total stockholders’ equity | $1.1B | $1.1B | $965.3M | $930.5M |
| Noncontrolling interest in subsidiaries | $168.4M | $172.1M | $176.4M | $178.2M |
| Total equity | $1.3B | $1.3B | $1.1B | $1.1B |
| Total liabilities and equity | $5.8B | $5.9B | $5.8B | $4.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Consolidated net income (loss) | $146.5M | $123.2M | $38.8M | $58.9M |
| Fixed asset depreciation and intangible asset amortization | $103.3M | $81.4M | $80.4M | $75.1M |
| Employee loan amortization and reserves on employee loans | $140.3M | $59.4M | $51.3M | $49.5M |
| Equity-based compensation and allocations of net income to limited partnership units and FPUs | $329.6M | $369.1M | $355.4M | $251.1M |
| Deferred compensation expense | $762.0K | $51.0K | $54.0K | ($542.0K) |
| Losses (gains) on equity method investments | ($8.3M) | ($8.4M) | ($9.2M) | ($10.9M) |
| Unrealized/realized losses (gains) on financial instruments owned, at fair value and other investments | ($7.8M) | ($38.6M) | ($4.4M) | $1.2M |
| Amortization of discount (premium) on notes payable | $4.8M | $1.3M | $3.7M | $2.8M |
| Impairment of fixed assets, intangible assets and investments | $2.8M | $746.0K | $3.1M | $6.1M |
| Deferred tax provision (benefit) | ($15.0M) | ($69.8M) | ($60.6M) | ($14.6M) |
| Change in estimated acquisition earn-out payables | $5.0M | $1.1M | $1.4M | $1.0M |
| Forfeitures of Class A common stock | ($528.0K) | ($1.1M) | ($1.2M) | ($263.0K) |
| Loss (gain) on divestiture | ($66.7M) | ($39.0M) | $0 | $1.0M |
| Other | $2.4M | $10.7M | $0 | ($1.9M) |
| Consolidated net income (loss), adjusted for non-cash and non-operating items | $637.1M | $490.3M | $458.9M | $418.5M |
| Financial instruments owned, at fair value | $60.5M | ($143.4M) | ($5.5M) | $2.4M |
| Receivables from broker-dealers, clearing organizations, customers and related broker-dealers | ($97.5M) | ($21.6M) | $212.5M | $222.6M |
| Accrued commissions receivable, net | ($65.8M) | ($20.8M) | ($5.8M) | $6.3M |
| Loans, forgivable loans and other receivables from employees and partners, net | ($153.8M) | ($20.1M) | ($77.5M) | ($61.2M) |
| Receivables from related parties | $541.0K | ($3.9M) | ($1.4M) | $3.6M |
| Other assets | ($44.2M) | ($10.7M) | $19.8M | ($8.5M) |
| Accrued compensation | $43.3M | $19.6M | $18.4M | ($25.2M) |
| Payables to broker-dealers, clearing organizations, customers and related broker-dealers | $80.9M | $23.3M | ($203.9M) | ($252.5M) |
| Payables to related parties | ($361.0K) | $11.5M | $24.1M | ($43.8M) |
| Accounts payable, accrued and other liabilities | ($66.2M) | ($8.9M) | ($34.6M) | ($37.8M) |
| Net cash provided by (used in) operating activities | $394.4M | $315.4M | $405.2M | $224.4M |
| Proceeds from disposal of subsidiary | $77.9M | $45.7M | $0 | $512.0K |
| Purchases of fixed assets | ($21.5M) | ($29.6M) | ($14.9M) | ($10.6M) |
| Capitalization of software development costs | ($44.5M) | ($42.4M) | ($45.0M) | ($48.2M) |
| Purchase of equity method investments | ($750.0K) | ($1.8M) | $0 | ($588.0K) |
| Proceeds from equity method investments | $8.9M | $9.0M | $9.4M | $6.1M |
| Payments for acquisitions, net of cash acquired | ($280.7M) | ($64.2M) | ($39.8M) | $0 |
| Purchase of investment carried under measurement alternative | ($21.0M) | ($13.2M) | — | — |
| Loan to related parties | ($120.0M) | ($180.0M) | — | — |
| Proceeds from repayment of related parties loan | $120.0M | $180.0M | — | — |
| Purchase of other assets | ($953.0K) | ($627.0K) | ($475.0K) | ($612.0K) |
| Net cash provided by (used in) investing activities | ($282.6M) | ($97.0M) | ($90.7M) | ($53.3M) |
| Repayments of long-term debt borrowings | ($1.0B) | ($815.0M) | ($623.3M) | ($6.4M) |
| Issuance of long-term debt, net of deferred issuance costs | $1.4B | $965.1M | — | — |
| Repayment of short-term borrowings | $0 | ($275.0M) | — | — |
| Issuance of short term borrowings from related parties | $20.0M | $275.0M | — | — |
| Earnings distributions to limited partnership interests and other noncontrolling interests | ($470.0K) | ($7.8M) | ($19.0M) | ($28.9M) |
| Redemption and repurchase of equity awards | ($109.2M) | ($138.9M) | ($117.9M) | ($76.2M) |
| Dividends to stockholders | ($39.0M) | ($34.2M) | ($17.4M) | ($14.9M) |
| Repurchase of Class A common stock | ($281.5M) | ($262.2M) | ($114.6M) | ($103.9M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Consolidated net income (loss) | $152.3M | $83.5M | $135.7M | $109.6M |
| Fixed asset depreciation and intangible asset amortization | $51.4M | $25.8M | $75.2M | $47.7M |
| Employee loan amortization and reserves on employee loans | $45.3M | $22.5M | $61.1M | $36.2M |
| Equity-based compensation and allocations of net income to limited partnership units | $159.0M | $83.4M | — | — |
| Deferred compensation expense | $1.3M | $775.0K | $529.0K | $286.0K |
| Losses (gains) on equity method investments | ($10.3M) | ($4.6M) | ($7.0M) | ($4.7M) |
| Unrealized/realized losses (gains) on financial instruments owned, at fair value and other investments | ($3.1M) | ($2.6M) | ($620.0K) | ($775.0K) |
| Amortization of discount (premium) on notes payable | $2.5M | $1.2M | $4.0M | $2.5M |
| Impairment of fixed assets, intangible assets and investments | $1.2M | $101.0K | $1.7M | $1.6M |
| Deferred tax provision (benefit) | $723.0K | $1.7M | $4.2M | $2.6M |
| Change in estimated acquisition earn-out payables | $1.6M | $1.2M | $4.3M | $3.9M |
| Forfeitures of Class A common stock | ($442.0K) | ($95.0K) | ($152.0K) | ($152.0K) |
| Losses (gains) on divestitures | ($20.0M) | — | — | — |
| Other | ($104.0K) | ($104.0K) | $0 | $0 |
| Consolidated net income (loss), adjusted for non-cash and non-operating items | $381.4M | $212.7M | $512.5M | $358.1M |
| Financial instruments owned, at fair value | $34.8M | $31.8M | $38.9M | $48.8M |
| Receivables from broker-dealers, clearing organizations, customers and related broker-dealers | ($1.3B) | ($1.4B) | ($1.5B) | ($580.4M) |
| Accrued commissions receivable, net | ($109.6M) | ($131.3M) | ($107.1M) | ($107.3M) |
| Loans, forgivable loans and other receivables from employees and partners, net | ($102.5M) | ($53.3M) | ($143.8M) | ($113.2M) |
| Receivables from related parties | ($401.0K) | $206.0K | ($3.5M) | ($4.8M) |
| Other assets | ($26.0K) | $11.9M | ($96.0M) | ($48.2M) |
| Accrued compensation | ($30.1M) | ($14.2M) | ($11.2M) | ($4.9M) |
| Payables to broker-dealers, clearing organizations, customers and related broker-dealers | $1.2B | $1.3B | $1.5B | $551.8M |
| Payables to related parties | $17.7M | $3.7M | ($27.2M) | ($28.1M) |
| Accounts payable, accrued and other liabilities | $44.0M | ($5.1M) | $89.9M | $350.0K |
| Net cash provided by (used in) operating activities | $181.8M | $20.2M | $213.9M | $72.1M |
| Purchases of fixed assets | ($9.7M) | ($4.8M) | ($16.2M) | ($11.5M) |
| Capitalization of software development costs | ($18.1M) | ($9.9M) | ($32.1M) | ($18.4M) |
| Purchase of equity method investments | $0 | — | ($750.0K) | ($750.0K) |
| Proceeds from equity method investments | $2.1M | $98.0K | $8.9M | $1.1M |
| Payments for acquisitions, net of cash acquired | $0 | $0 | ($279.1M) | ($263.4M) |
| Purchase of investment carried under measurement alternative | ($3.5M) | ($3.5M) | $0 | $0 |
| Loan to related parties | $0 | — | ($120.0M) | ($120.0M) |
| Proceeds from repayment of related parties loan | $0 | — | $120.0M | $120.0M |
| Purchase of other assets | ($223.0K) | ($98.0K) | ($778.0K) | ($674.0K) |
| Net cash provided by (used in) investing activities | ($29.4M) | ($18.2M) | ($320.0M) | ($293.6M) |
| Issuance of long-term debt, net of deferred issuance costs | $70.7M | $0 | $1.2B | $1.2B |
| Repayments of long-term debt borrowings | ($75.0M) | — | ($705.0M) | ($620.0M) |
| Repayment of short-term borrowings from related parties | ($20.0M) | ($20.0M) | $0 | $0 |
| Earnings distributions to limited partnership interests and other noncontrolling interests | $0 | $0 | ($470.0K) | ($470.0K) |
| Payments for tax obligations related to equity awards | ($80.6M) | ($39.7M) | — | — |
| Dividends to stockholders | ($19.4M) | ($9.7M) | ($29.3M) | ($19.6M) |
| Repurchase of Class A common stock | ($114.7M) | ($2.3M) | ($213.5M) | ($171.6M) |
| Payments on acquisition earn-outs | ($639.0K) | ($639.0K) | ($775.0K) | ($775.0K) |
| Net cash provided by (used in) financing activities | ($239.6M) | ($72.3M) | $163.3M | $323.3M |
BGC Group, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.