Note 21 - Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2026

Notes Tables

Segment Reporting [Table Text Block]

	Capital			Asset			Principal			Segment			Unallocated
	Markets			Management			Investing			Total			(1)			Total
Investment banking and new issue	$	45,711		$	-		$	-		$	45,711		$	-		$	45,711
Net trading		13,200			-			-			13,200			-			13,200
Asset management		-			2,419			-			2,419			-			2,419
Principal transactions		-			-			(3,915	)		(3,915	)		-			(3,915	)
Other income		-			290			197			487			-			487
Total revenues		58,911			2,709			(3,718	)		57,902			-			57,902
Compensation		35,842			1,817			30			37,689			3,618			41,307
Business development		930			97			-			1,027			230			1,257
Occupancy and equipment		793			57			-			850			276			1,126
Subscriptions, clearing, and execution		3,799			93			-			3,892			60			3,952
Professional fee and other operating		2,822			465			14			3,301			1,623			4,924
Depreciation and amortization		-			2			-			2			201			203
Total operating expenses		44,186			2,531			44			46,761			6,008			52,769
Operating income (loss)		14,725			178			(3,762	)		11,141			(6,008	)		5,133
Interest expense		(44	)		-			-			(44	)		(1,291	)		(1,335	)
Income (loss) from equity method affiliates		-			-			(527	)		(527	)		-			(527	)
Income (loss) before income taxes		14,681			178			(4,289	)		10,570			(7,299	)		3,271
Income tax expense (benefit)		-			65			-			65			(247	)		(182	)
Net income (loss)		14,681			113			(4,289	)		10,505			(7,052	)		3,453
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		-			-			(718	)		(718	)		-			(718	)
Enterprise net income (loss)		14,681			113			(3,571	)		11,223			(7,052	)		4,171
Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc.		-			-			-			-			2,679			2,679
Net income (loss) attributable to Cohen & Company Inc.	$	14,681		$	113		$	(3,571	)	$	11,223		$	(9,731	)	$	1,492
Other statement of operations data
Compensation as a percentage of revenue		60.84	%		67.07	%		(0.81	)%		65.09	%		N/A			71.34	%
Operating income / (loss) as a percentage of revenue		25.00	%		6.57	%		101.18	%		19.24	%		N/A			8.86	%
Net income / (loss) as a percentage of revenue		24.92	%		4.17	%		115.36	%		18.14	%		N/A			5.96	%
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue		24.92	%		4.17	%		96.05	%		19.38	%		N/A			2.58	%

	Capital			Asset			Principal			Segment			Unallocated
	Markets			Management			Investing			Total			(1)			Total
Investment banking and new issue	$	20,164		$	-		$	-		$	20,164		$	-		$	20,164
Net trading		9,211			-			-			9,211			-			9,211
New issue and advisory		-			2,020			-			2,020			-			2,020
Principal transactions		-			-			(2,330	)		(2,330	)		-			(2,330	)
Other income		-			438			(763	)		(325	)		-			(325	)
Total revenues		29,375			2,458			(3,093	)		28,740			-			28,740
Compensation		18,143			1,399			158			19,700			1,966			21,666
Business development		376			58			1			435			394			829
Occupancy and equipment		669			51			-			720			280			1,000
Subscriptions, clearing, and execution		2,009			86			26			2,121			53			2,174
Professional fee and other operating		1,244			372			183			1,799			993			2,792
Depreciation and amortization		-			2			-			2			170			172
Total operating expenses		22,441			1,968			368			24,777			3,856			28,633
Operating income / (loss)		6,934			490			(3,461	)		3,963			(3,856	)		107
Interest expense		(18	)		-			-			(18	)		(1,430	)		(1,448	)
Income (loss) from equity method affiliates		-			-			2,418			2,418			-			2,418
Income (loss) before income taxes		6,916			490			(1,043	)		6,363			(5,286	)		1,077
Income tax expense (benefit)		-			-			-			-			139			139
Net income (loss)		6,916			490			(1,043	)		6,363			(5,425	)		938
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		-			-			(173	)		(173	)		-			(173	)
Enterprise net income (loss)		6,916			490			(870	)		6,536			(5,425	)		1,111
Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc.		-			-			-			-			782			782
Net income (loss) attributable to Cohen & Company Inc.	$	6,916		$	490		$	(870	)	$	6,536		$	(6,207	)	$	329
Other statement of operations data
Compensation and benefits as a percentage of revenue		61.76	%		56.92	%		-5.11	%		68.55	%		N/A			75.39	%
Operating income / (loss) as a percentage of revenue		23.61	%		19.93	%		111.90	%		13.79	%		N/A			0.37	%
Net income / (loss) as a percentage of revenue		23.54	%		19.93	%		33.72	%		22.14	%		N/A			3.26	%
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue		23.54	%		19.93	%		28.13	%		22.74	%		N/A			1.14	%

Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]

	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Total Assets	$	616,344	$	8,968	$	29,194	$	654,506	$	29,631	$	684,137
Included within total assets:
Investments in equity method affiliates	$	-	$	-	$	11,258	$	11,258	$	-	$	11,258
Goodwill (2)	$	54	$	55	$	-	$	109	$	-	$	109
Intangible assets (2)	$	166	$	-	$	-	$	166	$	-	$	166

	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(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

Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue [Table Text Block]

	Three Months Ended March 31,
	2026		2025
Total Revenues:
United States	$	55,819	$	27,489
Europe		2,083		1,251
Total	$	57,902	$	28,740