Cohen & Company (NYSE:COHN) capped a transformative fiscal year with a massive top-line expansion, fueled by a 246% year-over-year revenue increase that prompted the board to reward shareholders with both a quarterly and a special dividend.
The Philadelphia-based financial services firm reported fourth-quarter 2025 revenue of $102.7 million, pushing its full-year total to $275.6 million.
The performance represents a dramatic leap from 2024 levels, as the company’s diversified capital markets and asset management platforms captured significant market momentum in the final months of the year.
Net income attributable to Cohen & Company for the fourth quarter reached $8.1 million, or $1.48 per diluted share.
For the full year, the company posted net income of $14.4 million, translating to $4.35 per diluted share.
Profitability metrics also showed marked improvement, with adjusted pre-tax income hitting $18.3 million in the fourth quarter.
On a full-year basis, adjusted pre-tax income reached $41.4 million, representing a healthy 15.0% margin on total revenue.
Reflecting the company's strengthened cash position and operational success, the Board of Directors declared a regular quarterly dividend of $0.25 per share.
In an additional move to return capital to investors, the board also authorized a special dividend of $0.70 per share.
Both payments are scheduled for distribution on April 3, 2026, to shareholders of record as of late March.