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Note 22 - Segment and Geographic Information - Statements of Operations Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Net trading $ 8,798   $ 7,416   $ 18,646 $ 15,626
Principal transactions and other income (6,578)   12,156   (24,967) 9,845
Revenues 10,798   22,572   29,362 31,396
Compensation 10,699   10,001   25,538 20,538
Other Operating Expense 6,466   5,572   13,566 11,342
Total operating expenses 17,165   15,573   39,104 31,880
Operating income (loss) (6,367)   6,999   (9,742) (484)
Interest income (expense) (1,425)   (1,630)   (3,091) (3,222)
Earnings / (loss) recognized (5,996)   (511)   23,049 (906)
Income (loss) before income taxes (13,788)   4,858   10,216 (4,612)
Income tax expense (benefit) (205)   5,550   293 6,134
Net income (loss) (13,583) $ 23,506 (692) $ (10,054) 9,923 (10,746)
Net income (loss) attributable to Cohen & Company Inc. (2,349)   (6,601)   (326) (9,238)
Depreciation and amortization (included in total operating expense) 125   149   249 293
Non-controlling Interest of Operating LLC [Member]            
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]            
Net income (loss) (8,377)   (7,195)   (1,141) (17,346)
Non-controlling Interest of Cohen & Co. [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC (6,028) [1]   (594)   (815) [1] (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
Operating Segments [Member]            
Net trading 8,798   7,416   18,646 15,626
Principal transactions and other income (6,578)   12,156   (24,967) 9,845
Revenues 10,798   22,572   29,362 31,396
Compensation 9,689   8,315   24,205 16,927
Other Operating Expense 4,758   4,389   9,850 8,823
Total operating expenses 14,447   12,704   34,055 25,750
Operating income (loss) (3,649)   9,868   (4,693) 5,646
Interest income (expense) (18)   (157)   (38) (223)
Earnings / (loss) recognized (5,996)   (511)   23,049 (906)
Income (loss) before income taxes (9,663)   9,200   18,318 4,517
Income tax expense (benefit) 0   0   0 0
Net income (loss) (9,663)   9,200   18,318 4,517
Net income (loss) attributable to Cohen & Company Inc. (4,457)   2,697   7,254 (2,083)
Depreciation and amortization (included in total operating expense) 2   2   3 3
Operating Segments [Member] | Non-controlling Interest of Operating LLC [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC (5,206)   6,503   11,064 6,600
Operating Segments [Member] | Cohen Co Including Noncontrolling Interest [Member]            
Net income (loss) (4,457)   2,697   7,254 (2,083)
Operating Segments [Member] | Non-controlling Interest of Cohen & Co. [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0   0   0 0
Operating Segments [Member] | Asset Management [Member]            
Revenues 2,078   1,605   4,795 3,630
Operating Segments [Member] | New Issue and Advisory [Member]            
Revenues 6,500   1,395   30,888 2,295
Operating Segments [Member] | Capital Markets [Member]            
Net trading 8,798   7,416   18,646 15,626
Principal transactions and other income 0   0   0 1
Revenues 15,298   8,811   49,534 17,922
Compensation 8,033   6,668   20,377 13,614
Other Operating Expense 3,965   3,620   8,116 7,269
Total operating expenses 11,998   10,288   28,493 20,883
Operating income (loss) 3,300   (1,477)   21,041 (2,961)
Interest income (expense) (18)   (157)   (38) (223)
Earnings / (loss) recognized 0   0   0 0
Income (loss) before income taxes 3,282   (1,634)   21,003 (3,184)
Income tax expense (benefit) 0   0   0 0
Net income (loss) 3,282   (1,634)   21,003 (3,184)
Net income (loss) attributable to Cohen & Company Inc. 3,282   (1,634)   21,003 (3,184)
Depreciation and amortization (included in total operating expense) 0   0   0 0
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Operating LLC [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0   0   0 0
Operating Segments [Member] | Capital Markets [Member] | Cohen Co Including Noncontrolling Interest [Member]            
Net income (loss) 3,282   (1,634)   21,003 (3,184)
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Cohen & Co. [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0   0   0 0
Operating Segments [Member] | Capital Markets [Member] | Asset Management [Member]            
Revenues 0   0   0 0
Operating Segments [Member] | Capital Markets [Member] | New Issue and Advisory [Member]            
Revenues 6,500   1,395   30,888 2,295
Operating Segments [Member] | Asset Management Segment [Member]            
Net trading 0   0   0 0
Principal transactions and other income 939   232   1,487 472
Revenues 3,017   1,837   6,282 4,102
Compensation 1,188   1,181   2,867 2,612
Other Operating Expense 541   648   1,211 1,216
Total operating expenses 1,729   1,829   4,078 3,828
Operating income (loss) 1,288   8   2,204 274
Interest income (expense) 0   0   0 0
Earnings / (loss) recognized 0   0   0 0
Income (loss) before income taxes 1,288   8   2,204 274
Income tax expense (benefit) 0   0   0 0
Net income (loss) 1,288   8   2,204 274
Net income (loss) attributable to Cohen & Company Inc. 1,288   105   2,204 257
Depreciation and amortization (included in total operating expense) 2   2   3 3
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Operating LLC [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0   (97)   0 17
Operating Segments [Member] | Asset Management Segment [Member] | Cohen Co Including Noncontrolling Interest [Member]            
Net income (loss) 1,288   105   2,204 257
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Cohen & Co. [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0   0   0 0
Operating Segments [Member] | Asset Management Segment [Member] | Asset Management [Member]            
Revenues 2,078   1,605   4,795 3,630
Operating Segments [Member] | Asset Management Segment [Member] | New Issue and Advisory [Member]            
Revenues 0   0   0 0
Operating Segments [Member] | Principal Investing [Member]            
Net trading 0   0   0 0
Principal transactions and other income (7,517)   11,924   (26,454) 9,372
Revenues (7,517)   11,924   (26,454) 9,372
Compensation 468   466   961 701
Other Operating Expense 252   121   523 338
Total operating expenses 720   587   1,484 1,039
Operating income (loss) (8,237)   11,337   (27,938) 8,333
Interest income (expense) 0   0   0 0
Earnings / (loss) recognized (5,996)   (511)   23,049 (906)
Income (loss) before income taxes (14,233)   10,826   (4,889) 7,427
Income tax expense (benefit) 0   0   0 0
Net income (loss) (14,233)   10,826   (4,889) 7,427
Net income (loss) attributable to Cohen & Company Inc. (9,027)   4,226   (15,953) 844
Depreciation and amortization (included in total operating expense) 0   0   0 0
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Operating LLC [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC (5,206)   6,600   11,064 6,583
Operating Segments [Member] | Principal Investing [Member] | Cohen Co Including Noncontrolling Interest [Member]            
Net income (loss) (9,027)   4,226   (15,953) 844
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Cohen & Co. [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0   0   0 0
Operating Segments [Member] | Principal Investing [Member] | Asset Management [Member]            
Revenues 0   0   0 0
Operating Segments [Member] | Principal Investing [Member] | New Issue and Advisory [Member]            
Revenues 0   0   0 0
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]            
Net trading [2] 0   0   0 0
Principal transactions and other income [2] 0   0   0 0
Revenues [2] 0   0   0 0
Compensation [2] 1,010   1,686   1,333 3,611
Other Operating Expense [2] 1,708   1,183   3,716 2,519
Total operating expenses [2] 2,718   2,869   5,049 6,130
Operating income (loss) [2] (2,718)   (2,869)   (5,049) (6,130)
Interest income (expense) [2] (1,407)   (1,473)   (3,053) (2,999)
Earnings / (loss) recognized [2] 0   0   0 0
Income (loss) before income taxes [2] (4,125)   (4,342)   (8,102) (9,129)
Income tax expense (benefit) [2] (205)   5,550   293 6,134
Net income (loss) [2] (3,920)   (9,892)   (8,395) (15,263)
Net income (loss) attributable to Cohen & Company Inc. [2] 2,108   (9,298)   (7,580) (7,155)
Depreciation and amortization (included in total operating expense) [2] 123   147   246 290
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Non-controlling Interest of Operating LLC [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC [2] 0   0   0 0
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Cohen Co Including Noncontrolling Interest [Member]            
Net income (loss) [2] (3,920)   (9,892)   (8,395) (15,263)
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Non-controlling Interest of Cohen & Co. [Member]            
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC [2] (6,028)   (594)   (815) (8,108)
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Asset Management [Member]            
Revenues [2] 0   0   0 0
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | New Issue and Advisory [Member]            
Revenues [2] $ 0   $ 0   $ 0 $ 0
[1] 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.
[2] Unallocated assets primarily include: (i) amounts due from related parties; (ii) furniture and equipment, net; and (iii) other assets that are not considered necessary for an understanding of business segment assets. Such amounts are excluded in business segment reporting to the chief operating decision maker.