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Note 22 - Segment and Geographic Information - Statements of Operations Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net trading $ 9,848 $ 8,210
Principal transactions and other income (18,389) (2,311)
Revenues 18,564 8,824
Compensation 14,839 10,537
Other Operating Expense 7,100 5,770
Total operating expenses 21,939 16,307
Operating income (loss) (3,375) (7,483)
Interest income (expense) (1,666) (1,592)
Earnings / (loss) recognized 29,045 (395)
Income (loss) before income taxes 24,004 (9,470)
Income tax expense (benefit) 498 584
Net income (loss) 23,506 (10,054)
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC [1] (5,213) 7,514
Net income (loss) attributable to Cohen & Company Inc. 2,023 (2,637)
Depreciation and amortization (included in total operating expense) 124 144
Non-controlling Interest of Operating LLC [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 16,270 97
Cohen Co Including Noncontrolling Interest [Member]    
Net income (loss) 7,236 (10,151)
Non-controlling Interest of Cohen & Co. [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 5,213 (7,514)
Asset Management [Member]    
Revenues, total 2,717 2,025
New Issue and Advisory [Member]    
Revenues, total 24,388 900
Operating Segments [Member]    
Net trading 9,848 8,210
Principal transactions and other income (18,389) (2,311)
Revenues 18,564 8,824
Compensation 14,516 8,612
Other Operating Expense 5,092 4,435
Total operating expenses 19,608 13,047
Operating income (loss) (1,044) (4,223)
Interest income (expense) (20) (65)
Earnings / (loss) recognized 29,045 (395)
Income (loss) before income taxes 27,981 (4,683)
Income tax expense (benefit) 0 0
Net income (loss) 27,981 (4,683)
Net income (loss) attributable to Cohen & Company Inc. 11,711 (4,780)
Depreciation and amortization (included in total operating expense) 1 2
Operating Segments [Member] | Non-controlling Interest of Operating LLC [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 16,270 97
Operating Segments [Member] | Cohen Co Including Noncontrolling Interest [Member]    
Net income (loss) 11,711 (4,780)
Operating Segments [Member] | Non-controlling Interest of Cohen & Co. [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 0 0
Operating Segments [Member] | Asset Management [Member]    
Revenues, total 2,717 2,025
Operating Segments [Member] | New Issue and Advisory [Member]    
Revenues, total 24,388 900
Operating Segments [Member] | Capital Markets [Member]    
Net trading 9,848 8,210
Principal transactions and other income 0 0
Revenues 34,236 9,110
Compensation 12,344 6,946
Other Operating Expense 4,151 3,649
Total operating expenses 16,495 10,595
Operating income (loss) 17,741 (1,485)
Interest income (expense) (20) (65)
Earnings / (loss) recognized 0 0
Income (loss) before income taxes 17,721 (1,550)
Income tax expense (benefit) 0 0
Net income (loss) 17,721 (1,550)
Net income (loss) attributable to Cohen & Company Inc. 17,721 (1,550)
Depreciation and amortization (included in total operating expense) 0 0
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Operating LLC [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 0 0
Operating Segments [Member] | Capital Markets [Member] | Cohen Co Including Noncontrolling Interest [Member]    
Net income (loss) 17,721 (1,550)
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Cohen & Co. [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 0 0
Operating Segments [Member] | Capital Markets [Member] | Asset Management [Member]    
Revenues, total 0 0
Operating Segments [Member] | Capital Markets [Member] | New Issue and Advisory [Member]    
Revenues, total 24,388 900
Operating Segments [Member] | Asset Management Segment [Member]    
Net trading 0 0
Principal transactions and other income 548 240
Revenues 3,265 2,265
Compensation 1,679 1,431
Other Operating Expense 670 568
Total operating expenses 2,349 1,999
Operating income (loss) 916 266
Interest income (expense) 0 0
Earnings / (loss) recognized 0 0
Income (loss) before income taxes 916 266
Income tax expense (benefit) 0 0
Net income (loss) 916 266
Net income (loss) attributable to Cohen & Company Inc. 916 152
Depreciation and amortization (included in total operating expense) 1 2
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Operating LLC [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 0 114
Operating Segments [Member] | Asset Management Segment [Member] | Cohen Co Including Noncontrolling Interest [Member]    
Net income (loss) 916 152
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Cohen & Co. [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 0 0
Operating Segments [Member] | Asset Management Segment [Member] | Asset Management [Member]    
Revenues, total 2,717 2,025
Operating Segments [Member] | Asset Management Segment [Member] | New Issue and Advisory [Member]    
Revenues, total 0 0
Operating Segments [Member] | Principal Investing [Member]    
Net trading 0 0
Principal transactions and other income (18,937) (2,551)
Revenues (18,937) (2,551)
Compensation 493 235
Other Operating Expense 271 218
Total operating expenses 764 453
Operating income (loss) (19,701) (3,004)
Interest income (expense) 0 0
Earnings / (loss) recognized 29,045 (395)
Income (loss) before income taxes 9,344 (3,399)
Income tax expense (benefit) 0 0
Net income (loss) 9,344 (3,399)
Net income (loss) attributable to Cohen & Company Inc. (6,926) (3,382)
Depreciation and amortization (included in total operating expense) 0 0
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Operating LLC [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 16,270 (17)
Operating Segments [Member] | Principal Investing [Member] | Cohen Co Including Noncontrolling Interest [Member]    
Net income (loss) (6,926) (3,382)
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Cohen & Co. [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC 0 0
Operating Segments [Member] | Principal Investing [Member] | Asset Management [Member]    
Revenues, total 0 0
Operating Segments [Member] | Principal Investing [Member] | New Issue and Advisory [Member]    
Revenues, total 0 0
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]    
Net trading [2] 0 0
Principal transactions and other income [2] 0 0
Revenues [2] 0 0
Compensation [2] 323 1,925
Other Operating Expense [2] 2,008 1,335
Total operating expenses [2] 2,331 3,260
Operating income (loss) [2] (2,331) (3,260)
Interest income (expense) [2] (1,646) (1,527)
Earnings / (loss) recognized [2] 0 0
Income (loss) before income taxes [2] (3,977) (4,787)
Income tax expense (benefit) [2] 498 584
Net income (loss) [2] (4,475) (5,371)
Net income (loss) attributable to Cohen & Company Inc. [2] (9,688) 2,143
Depreciation and amortization (included in total operating expense) [2] 123 142
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Non-controlling Interest of Operating LLC [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC [2] 0 0
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Cohen Co Including Noncontrolling Interest [Member]    
Net income (loss) [2] (4,475) (5,371)
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Non-controlling Interest of Cohen & Co. [Member]    
Less: Net income attributable to the non-convertible non-controlling interest of the Operating LLC [2] 5,213 (7,514)
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Asset Management [Member]    
Revenues, total [2] 0 0
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | New Issue and Advisory [Member]    
Revenues, total [2] $ 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.