Binah Capital Group, Inc. BCG
On March 15, 2024 (the "Closing Date"), the Company consummated the transactions contemplated by that certain Agreement and Plan of Merger, dated July 7, 2022 (as amended, the "Business Combination Agreement" and the consummation of such contemplated transactions, the "Closing"), by and among Kingswood Acquisition Corp, a Delaware corporation ("KWAC"), the Company, Kingswood Merger Sub, Inc., a Delaware corporation ("Kingswood Merger Sub"), Wentworth Merger Sub, LLC, a Delaware limited liability company ("Wentworth Merger Sub"), and Wentworth Management Services LLC, a Delaware limited liability company ("Wentworth"). Pursuant to the Business Combination Agreement, on the Closing Date, Kingswood Merger Sub merged with and into KWAC (the "Kingswood Merger"), with KWAC surviving the Kingswood Merger as a wholly-owned subsidiary of the Company (the "Kingswood Surviving Company"). Simultaneously with the Kingswood Merger, Wentworth Merger Sub merged with and into Wentworth (the "Wentworth Merger"), with Wentworth surviving the Wentworth Merger as a wholly-owned subsidiary of the Company (the "Surviving Company"). Following the Wentworth Merger, Kingswood Surviving Company acquired, and the Company contributed to Kingswood Surviving Company all of the common units of the Surviving Company directly held by the Company after the Wentworth Merger (the "Holdings Contribution"), such that, following the Holdings Contribution, Surviving Company became a wholly-owned subsidiary of the Kingswood Surviving Company (the Kingswood Merger and the Wentworth Merger, together with the other transactions contemplated by the Merger Agreement, the "Business Combination").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $182.0M | $164.4M | $159.9M | — |
| Total operating expenses | $184.5M | $172.1M | $167.5M | — |
| Pre-tax income | $2.6M | -$3.1M | $486.0K | — |
| Income tax | — | $1.4M | $85.0K | — |
| Net income | $2.3M | -$4.6M | $571.0K | — |
| EPS, basic | 0.05 | -0.39 | — | — |
| EPS, diluted | 0.04 | -0.39 | — | — |
| Shares, diluted (wtd. avg.) | 17.0M | 16.6M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $10.7M | $8.5M | $7.6M | $7.8M |
| Property, plant and equipment | $342.0K | $599.0K | $974.0K | — |
| Goodwill | $39.8M | $39.8M | $39.8M | — |
| Other intangibles | $671.0K | $1.0M | $1.6M | — |
| Total assets | $70.2M | $66.7M | $67.4M | — |
| Total liabilities | $51.9M | $50.5M | $62.3M | — |
| Retained earnings | -$22.5M | -$23.3M | $0 | — |
| Total equity | $18.3M | $16.2M | $5.1M | $4.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $5.2M | -$617.0K | $2.6M | — |
| Depreciation and amortisation | $300.0K | $400.0K | $500.0K | — |
| Stock-based compensation | $725.0K | — | — | — |
| Capital expenditure | $61.0K | $85.0K | $80.0K | — |
| Investing cash flow | -$61.0K | -$85.0K | -$80.0K | — |
| Financing cash flow | -$2.9M | $1.6M | -$2.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-052871.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $159.9M | $164.4M | $182.0M |
| Gross profit | — | — | — | — |
| Net income | — | $571.0K | -$4.6M | $2.3M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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