Cohen & Company Inc. (COHN) Income Statement
COHN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCOHN revenue and net income
Where COHN's revenue goes
2025Each bar shows an amount and its share of revenue. COHN kept 5.2% of revenue as net income.
COHN profit margins
COHN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +249.6% | +84.4% | +16.4% | +19.7% |
| Gross profit | +1,024.2% | — | +30.0% | +30.6% |
| Operating income | — | — | +8.0% | — |
| Net income | — | — | +0.3% | — |
| EPS (diluted) | — | — | −17.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
COHN quarterly EPS vs estimates
Cohen & beat the analyst EPS estimate in 1 of the last 1 quarters. Next report: November 3, 2026 (estimate $0.42).
COHN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $278.3M | $79.6M | $83.0M | $44.4M | $146.4M | $130.1M | $49.7M | $49.4M | $47.5M | $55.3M |
| Cost of revenue | $17.4M | $56.4M | $52.1M | $50.3M | $85.0M | $59.9M | $26.0M | $25.4M | $22.5M | $31.1M |
| Gross profit | $260.9M | $23.2M | $30.9M | −$5.9M | $61.3M | $70.2M | $23.7M | $24.0M | $25.0M | $24.2M |
| Research & development | — | $6.6M | $5.2M | $5.1M | $3.4M | $2.7M | $3.4M | $3.0M | $2.7M | $2.6M |
| Sales, general & admin | $14.1M | $21.0M | $9.3M | $15.8M | $12.8M | $11.0M | $11.5M | $13.1M | $11.6M | $10.4M |
| Total operating expenses | $198.8M | $31.2M | $24.0M | $22.1M | $21.7M | $27.9M | $19.7M | $20.3M | $17.6M | $15.6M |
| Operating income | $62.1M | −$8.0M | $6.9M | −$28.0M | $39.6M | $42.3M | $4.0M | $3.7M | $7.4M | $8.6M |
| Interest income | — | — | — | $0 | $0 | $105,000 | $190,000 | $34,000 | $0 | $4.7M |
| Interest expense | $5.9M | $5.8M | $6.5M | $5.0M | $7.2M | $9.6M | $7.6M | $8.5M | $6.2M | $4.7M |
| Income before taxes | $39.5M | $7.9M | $15.9M | −$53.9M | $70.5M | $29.8M | −$4.1M | −$4.8M | $1.2M | $3.9M |
| Income taxes | −$632,000 | −$329,000 | $5.5M | $4.8M | −$3.5M | −$8.7M | −$523,000 | −$841,000 | −$1.2M | $422,000 |
| Net income | $14.4M | −$129,000 | −$5.1M | −$13.4M | $11.8M | $14.2M | −$2.1M | −$2.5M | $2.1M | $2.3M |
| EBITDA | $46.1M | $2.6M | $23.0M | −$48.3M | $78.1M | $39.8M | $4.0M | $4.0M | $7.7M | $8.9M |
| EPS (diluted) | $5.06 | −$0.08 | $0.62 | −$7.42 | $1.68 | $13.30 | −$1.92 | −$2.15 | $0.53 | $2.67 |
| Gross margin | 93.8% | 29.2% | 37.2% | −13.3% | 41.9% | 54.0% | 47.7% | 48.6% | 52.6% | 43.8% |
| Operating margin | 22.3% | −10.1% | 8.3% | −63.0% | 27.1% | 32.5% | 8.1% | 7.4% | 15.6% | 15.5% |
| Net margin | 5.2% | −0.2% | −6.2% | −30.2% | 8.1% | 10.9% | −4.1% | −5.0% | 4.3% | 4.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $69.5M | $57.9M | $102.7M | $84.2M | $59.9M | $28.7M | $18.5M | $31.7M | $10.8M | $18.6M | $34.5M | $17.1M |
| Cost of revenue | $48.2M | $4.4M | $57.8M | $53.7M | $44.3M | $21.7M | $12.9M | $17.9M | $10.7M | $14.8M | $16.3M | $15.2M |
| Gross profit | $21.3M | $53.5M | $44.9M | $30.5M | $15.5M | $7.1M | $5.6M | $13.8M | $99,000 | $3.7M | $18.1M | $1.9M |
| Research & development | — | — | — | — | — | — | $2.0M | $1.6M | $1.6M | $1.4M | $1.3M | $1.3M |
| Sales, general & admin | $2.5M | $4.9M | $6.0M | $5.8M | $5.5M | $2.8M | $8.3M | $2.2M | $4.1M | $4.9M | $5.1M | $4.1M |
| Total operating expenses | $8.9M | $48.4M | $14.8M | $8.8M | $8.1M | $7.0M | $11.1M | $6.6M | $6.5M | $7.1M | $6.7M | $6.0M |
| Operating income | $12.4M | $5.1M | $30.0M | $21.8M | $7.5M | $107,000 | −$5.5M | $7.2M | −$6.4M | −$3.4M | $11.4M | −$4.1M |
| Interest expense | $6.1M | $1.3M | $1.5M | $1.5M | $1.5M | $1.4M | $1.5M | $1.3M | $1.4M | $1.7M | $1.6M | $1.7M |
| Income before taxes | $8.1M | $3.3M | $23.5M | $9.5M | $5.4M | $1.1M | −$7.6M | $5.3M | −$13.8M | $24.0M | $27.0M | −$6.5M |
| Income taxes | $141,000 | −$182,000 | −$2.3M | $733,000 | $771,000 | $139,000 | −$764,000 | $142,000 | −$205,000 | $498,000 | $166,000 | −$755,000 |
| Net income | $3.6M | $1.5M | $8.1M | $4.6M | $1.4M | $329,000 | −$2.0M | $2.1M | −$2.3M | $2.0M | $4.5M | −$423,000 |
| EBITDA | $9.6M | $4.8M | $25.2M | $11.2M | $7.1M | −$199,000 | −$6.0M | $6.7M | −$12.2M | $25.8M | $28.8M | −$4.7M |
| EPS (diluted) | $1.62 | $0.42 | $1.48 | $2.58 | $0.81 | $0.19 | −$1.20 | $1.31 | −$1.47 | $1.28 | $2.97 | −$0.28 |
| Gross margin | 30.7% | 92.5% | 43.7% | 36.3% | 26.0% | 24.6% | 30.2% | 43.5% | 0.9% | 20.1% | 52.6% | 11.1% |
| Operating margin | 17.9% | 8.9% | 29.2% | 25.8% | 12.5% | 0.4% | −29.7% | 22.8% | −59.0% | −18.2% | 33.2% | −24.0% |
| Net margin | 5.1% | 2.6% | 7.9% | 5.5% | 2.4% | 1.1% | −10.5% | 6.8% | −21.8% | 10.9% | 13.2% | −2.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in COHN's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
COHN financial results
In fiscal year 2025 (ended December 31, 2025), Cohen & reported revenue of $278.3 million, up 249.6% from the year before. It had net income of $14.4 million, a net profit margin of 5.2%. Diluted earnings per share came to $5.06. Over five years revenue grew at an average rate of 16.4% a year.
See the COHN stock overview for the latest quote and news, or the COHN chart for price history and technical indicators.
COHN income statement FAQ
What is Cohen &'s annual revenue?
Cohen & reported total revenue of $278.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 249.6% from $79.6 million the previous year.
Is Cohen & profitable?
Yes. Cohen & reported net income of $14.4 million in fiscal 2025, a net profit margin of 5.2%; its operating margin was 22.3%.
What is Cohen &'s gross margin?
Cohen &'s gross margin was 93.8% in fiscal 2025: for every $100 of revenue, Cohen & kept $94 after the direct cost of its products and services.
How fast is Cohen & growing?
Revenue grew 16.4% a year on average over the last five fiscal years, from $130.1 million to $278.3 million.
What are Cohen &'s earnings per share?
Cohen & earned $5.06 per diluted share in fiscal 2025, compared with $-0.08 a year earlier.
When will Cohen & report its next earnings?
Cohen & is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does Cohen &'s fiscal year end?
Cohen &'s fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.