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Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net trading $ 8,798 $ 7,416 $ 18,646 $ 15,626
Principal transactions and other income (loss) (6,578) 12,156 (24,967) 9,845
Total revenues 10,798 22,572 29,362 31,396
Operating expenses        
Compensation and benefits 10,699 10,001 25,538 20,538
Business development, occupancy, equipment 1,591 1,318 3,032 2,619
Subscriptions, clearing, and execution 2,217 2,343 4,303 4,468
Professional fee and other operating 2,533 1,762 5,982 3,962
Depreciation and amortization 125 149 249 293
Total operating expenses 17,165 15,573 39,104 31,880
Operating income (loss) (6,367) 6,999 (9,742) (484)
Non-operating income (expense)        
Interest expense, net (1,425) (1,630) (3,091) (3,222)
Income (loss) from equity method affiliates (5,996) (511) 23,049 (906)
Income (loss) before income tax expense (benefit) (13,788) 4,858 10,216 (4,612)
Income tax expense (benefit) (205) 5,550 293 6,134
Net income (loss) (13,583) (692) 9,923 (10,746)
Net income (loss) (13,583) (692) 9,923 (10,746)
Net income / (loss) attributable to Cohen & Company Inc. $ (2,349) $ (6,601) $ (326) $ (9,238)
(Loss) per common share-basic:        
Net income / (loss) per common share - Basic (in dollars per share) $ (1.45) $ (4.34) $ (0.2) $ (6.14)
Weighted average shares outstanding-basic (in shares) 1,615,902 1,520,122 1,598,646 1,504,819
(Loss) per common share-diluted:        
Net income / (loss) per common share - Diluted (in dollars per share) $ (1.47) $ (4.34) $ (0.2) $ (6.14)
Weighted average shares outstanding-diluted (in shares) [1] 5,682,360 1,520,122 5,657,587 1,504,819
Comprehensive income (loss)        
Net income (loss) $ (13,583) $ (692) $ 9,923 $ (10,746)
Other comprehensive (loss) item:        
Foreign currency translation adjustments, net of tax of $0 (15) 10 (66) 55
Other comprehensive (loss), net of tax of $0 (15) 10 (66) 55
Comprehensive income (loss) (13,598) (682) 9,857 (10,691)
Less: comprehensive income (loss) attributable to the non-controlling interest (11,245) 5,916 10,202 (1,466)
Comprehensive (loss) attributable to Cohen & Company Inc. (2,353) (6,598) (345) (9,225)
Non-controlling Interest of Operating LLC [Member]        
Non-operating income (expense)        
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC (5,206) 6,503 11,064 6,600
Cohen Co Including Noncontrolling Interest [Member]        
Non-operating income (expense)        
Net income (loss) (8,377) (7,195) (1,141) (17,346)
Net income (loss) (8,377) (7,195) (1,141) (17,346)
Comprehensive income (loss)        
Net income (loss) (8,377) (7,195) (1,141) (17,346)
Non-controlling Interest of Cohen & Co. [Member]        
Non-operating income (expense)        
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC (6,028) [2] (594) (815) [2] (8,108)
Asset Management [Member]        
Revenues 2,078 1,605 4,795 3,630
New Issue and Advisory [Member]        
Revenues $ 6,500 $ 1,395 $ 30,888 $ 2,295
[1] Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows
[2] The LLC Units not held by Cohen & Company Inc. (that is, those held by the non-controlling interest) may be redeemed and exchanged into shares of the Company on a ten-for-one basis. The LLC Units not held by Cohen & Company Inc. are redeemable, at the member’s option at any time, for (i) cash in an amount equal to the average of the per share closing prices of the Common Stock for the ten consecutive trading days immediately preceding the date the Company receives the member’s redemption notice, or (ii) at the Company’s option, one tenth of a share of the Common Stock, subject, in each case, to appropriate adjustment upon the occurrence of an issuance of additional shares of the Common Stock as a dividend or other distribution on the outstanding Common Stock, or a further subdivision or combination of the outstanding shares of the Common Stock. These LLC Units are not included in the computation of basic earnings per share. These LLC Units enter into the computation of diluted net income (loss) per common share when the effect is not anti-dilutive using the if-converted method.