v3.25.4

Note 29 - Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Capital				Asset				Principal				Segment
		Markets				Management				Investing				Total				Unallocated (1)				Total
Investment banking and new issue		$	187,608			$	-			$	-			$	187,608			$	-			$	187,608
Net trading			47,347				-				-				47,347				-				47,347
Asset management			-				8,817				-				8,817				-				8,817
Principal transactions			-				-				30,344				30,344				-				30,344
Other income			-				1,796				(348	)			1,448				-				1,448
Total revenues			234,955				10,613				29,996				275,564				-				275,564
Compensation			134,696				7,660				524				142,880				14,425				157,305
Stock based compensation			357				98				15,671				16,126				4,087				20,213
Business development			1,950				225				1				2,176				1,377				3,553
Occupancy and equipment			2,892				238				-				3,130				1,214				4,344
Subscriptions, clearing, and execution			15,378				337				30				15,745				182				15,927
Professional fee and other operating			8,875				1,727				267				10,869				3,222				14,091
Depreciation and amortization			-				7				-				7				717				724
Total operating expenses			164,148				10,292				16,493				190,933				25,224				216,157
Operating income / (loss)			70,807				321				13,503				84,631				(25,224	)			59,407
Interest income (expense)			(126	)			-				-				(126	)			(5,750	)			(5,876	)
Gain on sale of management contracts			-				2,734				-				2,734				-				2,734
Income from equity method affiliates			(792	)			-				(15,971	)			(16,763	)			-				(16,763	)
Income /(loss) before income taxes			69,889				3,055				(2,468	)			70,476				(30,974	)			39,502
Income tax expense (benefit)			-				-				-				-				(632	)			(632	)
Net income / (loss)			69,889				3,055				(2,468	)			70,476				(30,342	)			40,134
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC			-				1				(1,914	)			(1,913	)			-				(1,913	)
Enterprise net income /(loss)			69,889				3,054				(554	)			72,389				(30,342	)			42,047
Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc.			-				-				-				-				27,616				27,616
Net income / (loss) attributable to Cohen & Company Inc.		$	69,889			$	3,054			$	(554	)		$	72,389			$	(57,958	)		$	14,431
Other statement of operations data
Cash compensation as a percentage of revenue			57.33	%			72.18	%			1.75	%			51.85	%			N/A				57.08	%
Operating income / (loss) as a percentage of revenue			30.14	%			3.02	%			45.02	%			30.71	%			N/A				21.56	%
Net income / (loss) as a percentage of revenue			29.75	%			28.79	%			8.23	%			25.58	%			N/A				14.56	%
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue			29.75	%			28.78	%			1.85	%			26.27	%			N/A				5.24	%

		Capital				Asset				Principal				Segment
		Markets				Management				Investing				Total				Unallocated (1)				Total
Investment banking and new issue		$	40,778			$	-			$	-			$	40,778			$	-			$	40,778
Net trading			36,409				-				-				36,409				-				36,409
Asset management			-				9,009				-				9,009				-				9,009
Principal transactions			-				-				(10,246	)			(10,246	)			-				(10,246	)
Other income			10				2,615				1,023				3,648				-				3,648
Total revenues			77,197				11,624				(9,223	)			79,598				-				79,598
Compensation			42,536				6,058				1,648				50,242				1,478				51,720
Stock based compensation			575				145				-				720				3,948				4,668
Business development			1,377				250				14				1,641				641				2,282
Occupancy and equipment			2,976				213				-				3,189				1,146				4,335
Subscriptions, clearing, and execution			8,893				368				170				9,431				208				9,639
Professional fee and other operating			7,591				1,772				1,216				10,579				3,842				14,421
Depreciation and amortization			-				6				-				6				550				556
Total operating expenses			63,948				8,812				3,048				75,808				11,813				87,621
Operating income / (loss)			13,249				2,812				(12,271	)			3,790				(11,813	)			(8,023	)
Interest income (expense)			(76	)			-				-				(76	)			(5,745	)			(5,821	)
Income from equity method affiliates			-				-				21,704				21,704				-				21,704
Income (loss) before income taxes			13,173				2,812				9,433				25,418				(17,558	)			7,860
Income tax expense / (benefit)			-				-				-				-				(329	)			(329	)
Net income / (loss)			13,173				2,812				9,433				25,418				(17,229	)			8,189
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC			-				1				8,674				8,675				-				8,675
Enterprise net income/ (loss)			13,173				2,811				759				16,743				(17,229	)			(486	)
Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc.			-				-				-				-				(357	)			(357	)
Net income / (loss) attributable to Cohen & Company Inc.		$	13,173			$	2,811			$	759			$	16,743			$	(16,872	)		$	(129	)
Other statement of operations data
Cash compensation as a percentage of revenue			55.10	%			52.12	%			17.87	%			63.12	%			N/A				64.98	%
Operating income / (loss) as a percentage of revenue			17.16	%			24.19	%			133.05	%			4.76	%			N/A				(10.08	)%
Net income / (loss) as a percentage of revenue			17.06	%			24.19	%			102.28	%			31.93	%			N/A				10.29	%
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue			17.06	%			24.18	%			8.23	%			21.03	%			N/A				(0.16	)%

		Capital				Asset				Principal				Segment
		Markets				Management				Investing				Total				Unallocated (1)				Total
Investment banking and new issue		$	23,952			$	-			$	-			$	23,952			$	-			$	23,952
Net trading			30,926				-				-				30,926				-				30,926
Asset management			-				7,337				-				7,337				-				7,337
Principal transactions			-				-				19,254				19,254				-				19,254
Other income			1				1,071				440				1,512				-				1,512
Total revenues			54,879				8,408				19,694				82,981				-				82,981
Compensation			30,641				5,777				2,335				38,753				8,948				47,701
Stock based compensation			515				106				-				621				3,770				4,391
Business development			741				268				23				1,032				383				1,415
Occupancy and equipment			2,560				202				-				2,762				1,027				3,789
Subscriptions, clearing, and execution			8,125				334				251				8,710				255				8,965
Professional fee and other operating			4,320				1,408				843				6,571				2,725				9,296
Depreciation and amortization			-				6				-				6				557				563
Total operating expenses			46,902				8,101				3,452				58,455				17,665				76,120
Operating income / (loss)			7,977				307				16,242				24,526				(17,665	)			6,861
Interest income (expense)			(338	)			-				-				(338	)			(6,188	)			(6,526	)
(Loss) from equity method affiliates			-				-				15,609				15,609				-				15,609
Income before income taxes			7,639				307				31,851				39,797				(23,853	)			15,944
Income tax expense / (benefit)			-				-				-				-				5,545				5,545
Net income /(loss)			7,639				307				31,851				39,797				(29,398	)			10,399
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC			-				17				19,573				19,590				-				19,590
Enterprise net income /(loss)			7,639				290				12,278				20,207				(29,398	)			(9,191	)
Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc.			-				-				-				-				(4,078	)			(4,078	)
Net income (loss) attributable to Cohen & Company Inc.		$	7,639			$	290			$	12,278			$	20,207			$	(25,320	)		$	(5,113	)
Other statement of operations data
Cash compensation as a percentage of revenue			55.83	%			68.71	%			11.86	%			46.70	%			N/A				57.48	%
Operating income / (loss) as a percentage of revenue			14.54	%			3.65	%			82.47	%			29.56	%			N/A				8.27	%
Net income / (loss) as a percentage of revenue			13.92	%			3.65	%			161.73	%			47.96	%			N/A				12.53	%
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue			13.92	%			3.45	%			62.34	%			24.35	%			N/A				(6.16	)%

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

		Capital				Asset				Principal				Segment
		Markets				Management				Investing				Total				Unallocated (1)				Total
Total Assets		$	591,923			$	11,408			$	27,093			$	630,424			$	70,161			$	700,585
Included within total assets:
Investments in equity method affiliates		$	-			$	-			$	6,661			$	6,661			$	-			$	6,661
Goodwill (2)		$	54			$	55			$	-			$	109			$	-			$	109
Intangible assets (2)		$	166			$	-			$	-			$	166			$	-			$	166

		Capital				Asset				Principal				Segment
		Markets				Management				Investing				Total				Unallocated (1)				Total
Total Assets		$	888,780			$	7,371			$	44,175			$	940,326			$	30,823			$	971,149
Included within total assets:
Investments in equity method affiliates		$	-			$	-			$	23,430			$	23,430			$	-			$	23,430
Goodwill (2)		$	54			$	55			$	-			$	109			$	-			$	109
Intangible assets (2)		$	166			$	-			$	-			$	166			$	-			$	166

Revenue from External Customers by Geographic Areas [Table Text Block]

		Year Ended December 31,
		2025				2024				2023
Total Revenues:
United States		$	265,585			$	72,573			$	77,532
Europe & Other			9,979				7,025				5,449
Total		$	275,564			$	79,598			$	82,981

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration