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Note 21 - Segment and Geographic Information - Statements of Operations Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Net trading $ 13,200 $ 9,211  
Principal transactions (3,915) (2,330)  
Other income 487 (325)  
Revenues 57,902 28,740  
Compensation 41,307 21,666  
Business development 1,257 829  
Occupancy and equipment 1,126 1,000  
Subscriptions, clearing, and execution 3,952 2,174  
Professional Fees 4,924 2,792  
Depreciation and amortization 203 172  
Total operating expenses 52,769 28,633  
Operating income (loss) 5,133 107  
Interest expense (1,335) (1,448)  
Income (Loss) from Equity Method Investments (527) 2,418 $ (16,763)
Income (loss) before income taxes 3,271 1,077  
Income tax expense (benefit) (182) 139  
Net income (loss) 3,453 938  
Net income (loss) attributable to Cohen & Company Inc. $ 1,492 $ 329  
Compensation as a percentage of revenue 71.34% 75.39%  
Operating income / (loss) as a percentage of revenue 8.86% 0.37%  
Net income / (loss) as a percentage of revenue 5.96% 3.26%  
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue 2.58% 1.14%  
Non-controlling Interest of Operating LLC [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC $ (718) $ (173)  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (718) (173)  
Cohen Co Including Noncontrolling Interest [Member]      
Net income (loss) 4,171 1,111  
Non-controlling Interest of Cohen & Co. [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC [1] 2,679 782  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. [1] 2,679 782  
Compensation [Member]      
Compensation 41,307 21,666  
Investment Banking and New Issue [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 45,711 20,164  
Asset Management [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 2,419 2,020  
Operating Segments [Member]      
Net trading 13,200 9,211  
Principal transactions (3,915) (2,330)  
Other income 487 (325)  
Revenues 57,902 28,740  
Business development 1,027 435  
Occupancy and equipment 850 720  
Subscriptions, clearing, and execution 3,892 2,121  
Professional Fees 3,301 1,799  
Depreciation and amortization 2 2  
Total operating expenses 46,761 24,777  
Operating income (loss) 11,141 3,963  
Interest expense (44) (18)  
Income (Loss) from Equity Method Investments (527) 2,418  
Income (loss) before income taxes 10,570 6,363  
Income tax expense (benefit) 65 0  
Net income (loss) 10,505 6,363  
Net income (loss) attributable to Cohen & Company Inc. $ 11,223 $ 6,536  
Compensation as a percentage of revenue 65.09% 68.55%  
Operating income / (loss) as a percentage of revenue 19.24% 13.79%  
Net income / (loss) as a percentage of revenue 18.14% 22.14%  
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue 19.38% 22.74%  
Operating Segments [Member] | Non-controlling Interest of Operating LLC [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC $ (718) $ (173)  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (718) (173)  
Operating Segments [Member] | Cohen Co Including Noncontrolling Interest [Member]      
Net income (loss) 11,223 6,536  
Operating Segments [Member] | Non-controlling Interest of Cohen & Co. [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0 0  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. 0 0  
Operating Segments [Member] | Compensation [Member]      
Compensation 37,689 19,700  
Operating Segments [Member] | Investment Banking and New Issue [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 45,711 20,164  
Operating Segments [Member] | Asset Management [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 2,419 2,020  
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]      
Net trading [2] 0 0  
Principal transactions [2] 0 0  
Other income [2] 0 0  
Revenues [2] 0 0  
Business development [2] 230 394  
Occupancy and equipment [2] 276 280  
Subscriptions, clearing, and execution [2] 60 53  
Professional Fees [2] 1,623 993  
Depreciation and amortization [2] 201 170  
Total operating expenses [2] 6,008 3,856  
Operating income (loss) [2] (6,008) (3,856)  
Interest expense (1,291) (1,430)  
Income (Loss) from Equity Method Investments [2] 0 0  
Income (loss) before income taxes [2] (7,299) (5,286)  
Income tax expense (benefit) [2] (247) 139  
Net income (loss) [2] (7,052) (5,425)  
Net income (loss) attributable to Cohen & Company Inc. [2] (9,731) (6,207)  
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Non-controlling Interest of Operating LLC [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC [2] 0 0  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. [2] 0 0  
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Cohen Co Including Noncontrolling Interest [Member]      
Net income (loss) [2] (7,052) (5,425)  
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Non-controlling Interest of Cohen & Co. [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 2,679 [2] 782  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. 2,679 [2] 782  
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Compensation [Member]      
Compensation 3,618 1,966 [2]  
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Investment Banking and New Issue [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 0 0  
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Asset Management [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 0 [2] 0  
Capital Markets [Member] | Operating Segments [Member]      
Net trading 13,200 9,211  
Principal transactions 0 0  
Other income 0 0  
Revenues 58,911 29,375  
Business development 930 376  
Occupancy and equipment 793 669  
Subscriptions, clearing, and execution 3,799 2,009  
Professional Fees 2,822 1,244  
Depreciation and amortization 0 0  
Total operating expenses 44,186 22,441  
Operating income (loss) 14,725 6,934  
Interest expense (44) (18)  
Income (Loss) from Equity Method Investments 0 0  
Income (loss) before income taxes 14,681 6,916  
Income tax expense (benefit) 0 0  
Net income (loss) 14,681 6,916  
Net income (loss) attributable to Cohen & Company Inc. $ 14,681 $ 6,916  
Compensation as a percentage of revenue 60.84% 61.76%  
Operating income / (loss) as a percentage of revenue 25.00% 23.61%  
Net income / (loss) as a percentage of revenue 24.92% 23.54%  
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue 24.92% 23.54%  
Capital Markets [Member] | Operating Segments [Member] | Non-controlling Interest of Operating LLC [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC $ 0 $ 0  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. 0 0  
Capital Markets [Member] | Operating Segments [Member] | Cohen Co Including Noncontrolling Interest [Member]      
Net income (loss) 14,681 6,916  
Capital Markets [Member] | Operating Segments [Member] | Non-controlling Interest of Cohen & Co. [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0 0  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. 0 0  
Capital Markets [Member] | Operating Segments [Member] | Compensation [Member]      
Compensation 35,842 18,143  
Capital Markets [Member] | Operating Segments [Member] | Investment Banking and New Issue [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 45,711 20,164  
Capital Markets [Member] | Operating Segments [Member] | Asset Management [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 0 0  
Asset Management Segment [Member] | Operating Segments [Member]      
Net trading 0 0  
Principal transactions 0 0  
Other income 290 438  
Revenues 2,709 2,458  
Business development 97 58  
Occupancy and equipment 57 51  
Subscriptions, clearing, and execution 93 86  
Professional Fees 465 372  
Depreciation and amortization 2 2  
Total operating expenses 2,531 1,968  
Operating income (loss) 178 490  
Interest expense 0 0  
Income (Loss) from Equity Method Investments 0 0  
Income (loss) before income taxes 178 490  
Income tax expense (benefit) 65 0  
Net income (loss) 113 490  
Net income (loss) attributable to Cohen & Company Inc. $ 113 $ 490  
Compensation as a percentage of revenue 67.07% 56.92%  
Operating income / (loss) as a percentage of revenue 6.57% 19.93%  
Net income / (loss) as a percentage of revenue 4.17% 19.93%  
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue 4.17% 19.93%  
Asset Management Segment [Member] | Operating Segments [Member] | Non-controlling Interest of Operating LLC [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC $ 0 $ 0  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. 0 0  
Asset Management Segment [Member] | Operating Segments [Member] | Cohen Co Including Noncontrolling Interest [Member]      
Net income (loss) 113 490  
Asset Management Segment [Member] | Operating Segments [Member] | Non-controlling Interest of Cohen & Co. [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0 0  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. 0 0  
Asset Management Segment [Member] | Operating Segments [Member] | Compensation [Member]      
Compensation 1,817 1,399  
Asset Management Segment [Member] | Operating Segments [Member] | Investment Banking and New Issue [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 0 0  
Asset Management Segment [Member] | Operating Segments [Member] | Asset Management [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 2,419 2,020  
Principal Investing [Member] | Operating Segments [Member]      
Net trading 0 0  
Principal transactions (3,915) (2,330)  
Other income 197 (763)  
Revenues (3,718) (3,093)  
Business development 0 1  
Occupancy and equipment 0 0  
Subscriptions, clearing, and execution 0 26  
Professional Fees 14 183  
Depreciation and amortization 0 0  
Total operating expenses 44 368  
Operating income (loss) (3,762) (3,461)  
Interest expense 0 0  
Income (Loss) from Equity Method Investments (527) 2,418  
Income (loss) before income taxes (4,289) (1,043)  
Income tax expense (benefit) 0 0  
Net income (loss) (4,289) (1,043)  
Net income (loss) attributable to Cohen & Company Inc. $ (3,571) $ (870)  
Compensation as a percentage of revenue (0.81%) (5.11%)  
Operating income / (loss) as a percentage of revenue 101.18% 111.90%  
Net income / (loss) as a percentage of revenue 115.36% 33.72%  
Net income / (loss) attributable to Cohen & Company Inc. as a percentage of revenue 96.05% 28.13%  
Principal Investing [Member] | Operating Segments [Member] | Non-controlling Interest of Operating LLC [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC $ (718) $ (173)  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (718) (173)  
Principal Investing [Member] | Operating Segments [Member] | Cohen Co Including Noncontrolling Interest [Member]      
Net income (loss) (3,571) (870)  
Principal Investing [Member] | Operating Segments [Member] | Non-controlling Interest of Cohen & Co. [Member]      
Less: Net (loss) attributable to the non-convertible non-controlling interest of the Operating LLC 0 0  
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. 0 0  
Principal Investing [Member] | Operating Segments [Member] | Compensation [Member]      
Compensation 30 158  
Principal Investing [Member] | Operating Segments [Member] | Investment Banking and New Issue [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 0 0  
Principal Investing [Member] | Operating Segments [Member] | Asset Management [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax $ 0 $ 0  
[1] The units of membership interests in the Operating LLC (“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 includes certain expenses incurred by indirect overhead and support departments (such as the executive, finance, legal, information technology, human resources, risk, compliance, and other similar overhead and support departments). Some of the items not allocated include: (1) operating expenses (such as cash compensation and benefits, equity-based compensation expense, professional fees, travel and entertainment, consulting fees, and rent) related to support departments excluding certain departments that directly support the Capital Markets business segment; (2) interest expense on debt; and (3) income taxes. Management does not consider these items necessary for an understanding of the operating results of these business segments and such amounts are excluded in business segment reporting to the CODM.