Saturday 17 October 2026 Export COHN’s income statement to Excel — free account

Institutional Financial Markets, Inc.

Institutional Financial Markets, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $275.6 million, up 246.2% from fiscal 2024. In the quarter to June 2026, revenue grew 16.1%, EPS grew 95.1%, free cash flow fell 71.2% and total debt fell 44.2%, each against the same quarter a year earlier.

10.18 0.58 −5.39%

Follow COHN

Alert me

Market cap: $34.7M
P/E: 1.1×
Fwd P/E: 2.0×
Dividend yield: 9.82%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.22

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	1	—	—	—	—	1	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 34.74

Revenue 314.34

Net Income 45.94

Free Cash Flow (8.12)

Net Debt 433.40

Current Ratio 0.86

Debt/Equity 4.33

P/E ratio 1.05

Fwd P/E 1.98

P/S ratio 0.07

P/B ratio 0.21

Past 5Y EPS Growth (10.70%)

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (34.64%)

Next 5Y EPS Growth 5.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 17.21%

10-year low 10-year high

P/S against its own 10 years 2.91%

10-year low 10-year high

P/B against its own 10 years 54.92%

10-year low 10-year high

Dividends

Payout Ratio 0.18

Annual Dividend Rate 1.00

Annual Dividend Yield 9.82%

	total	individual payouts
2026	0.75	2.00 0.25 0.25 0.25
2025	1.00	0.25 0.25 0.25 0.25
2024	1.00	0.25 0.25 0.25 0.25
2023	1.00	0.25 0.25 0.25 0.25
2022	1.00	0.25 0.25 0.25 0.25
2021	0.50	0.25 0.25
2020	Powerpack
2019	0.40	0.20 0.20
2018	0.80	0.20 0.20 0.20 0.20
2017	0.80	0.20 0.20 0.20 0.20
2016	0.80	0.20 0.20 0.20 0.20

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	11	20	57	40
Receivables	481	721	414	474
Inventory	—	—	—	—
Other	—	—	—	—
	492	741	471	514

	2023	2024	2025	Q'26
Payables	119	78	18	60
ST’ Debt	408	696	400	445
Other	—	—	—	—
	545	791	511	594

Compound Annual Growth %

	10y	5y	3y
Sales	19.56%	16.19%	83.79%
Cash Flow	0.00%	(7.97%)	0.00%
Earnings	0.00%	0.32%	0.00%
Book Value	8.36%	0.32%	3.11%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	58	69	—	—	—
’25	29	60	84	103	276
’24	19	11	32	19	80
’23	9	23	17	34	83
’22	(1)	9	23	12	44
’21	103	10	7	27	146
’20	18	24	22	66	130

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(31)	4	—	—	—
’25	(6)	13	22	(2)	27
’24	5	(4)	4	4	9
’23	(28)	(8)	(1)	(3)	(40)
’22	14	(9)	(1)	(28)	(23)
’21	(28)	4	21	21	18
’20	64	145	(94)	(74)	41

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(32)	4	—	—	—
’25	(7)	13	22	(2)	26
’24	5	(5)	4	4	8
’23	(28)	(8)	(1)	(4)	(40)
’22	14	(9)	(1)	(28)	(24)
’21	(28)	4	20	21	17
’20	64	145	(94)	(74)	41

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.42	0.94	—	—	—
’25	0.19	0.81	2.58	1.48	4.35
’24	1.28	(1.47)	1.31	(1.21)	(0.08)
’23	(1.77)	(4.34)	(0.28)	2.97	(3.38)
’22	(5.46)	(1.53)	(0.64)	(2.10)	(9.43)
’21	6.98	1.21	(3.46)	2.13	7.48
’20	(2.70)	0.69	1.19	7.64	7.66

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.50	7.50	7.40	2.79	2.77	14.70	8.06	3.29	6.10	6.10	Analyst estimates 2026–2028 Powerpack
	High	16.50	16.30	12.00	9.50	31.82	52.70	17.97	11.99	12.82	23.72
People
People	Employees	79	88	88	94	87	118	121	118	113	126
	Revenue/emp, $m	0.70	0.54	0.56	0.53	1.50	1.24	0.37	0.70	0.70	2.19
Income, $m
Income, $m	Revenue	55	48	49	50	130	146	44	83	80	276
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	4	1	(5)	(4)	30	70	(54)	16	8	40
	EBT margin, %	6.96	2.57	(9.78)	(8.25)	22.89	48.16	(121.38)	19.21	9.87	14.33
	Net income	3	2	(4)	(4)	38	74	(59)	10	8	40
	Depreciation	1	1	1	1	9	1	1	1	1	1
Per share, $
Per share, $	Revenue	45.40	39.39	42.87	43.68	115.04	123.31	31.26	54.85	49.29	159.10
	Earnings	1.90	1.71	(2.14)	(1.81)	12.56	9.50	(9.43)	(3.38)	(0.08)	8.33
	Cash flow	(7.16)	(9.87)	(6.08)	(13.60)	36.64	15.43	(16.54)	(26.21)	5.87	15.79
	Capex	(0.18)	(0.12)	(0.87)	(0.09)	(0.19)	(0.87)	(0.40)	(0.25)	(0.77)	(0.72)
	Free cash flow	(7.35)	(9.99)	(6.95)	(13.69)	36.44	14.57	(16.94)	(26.46)	5.09	15.07
	Book value	38.36	39.90	36.84	42.88	89.69	127.58	66.22	60.67	55.90	59.52
	Shares, m	1	1	1	1	1	1	1	2	2	2
Valuation, ×
Valuation, ×	P/E	6.37	4.53	0.00	0.00	1.23	1.38	0.00	0.00	0.00	2.84
	P/S	0.27	0.21	0.20	0.09	0.14	0.12	0.26	0.12	0.21	0.15
	P/B	0.32	0.21	0.23	0.09	0.18	0.12	0.12	0.11	0.19	0.40
	EV/Sales	5.86	36.25	156.14	152.61	44.09	21.74	10.46	5.27	9.15	1.51
	EV/FCF	(36.24)	(142.92)	(963.74)	(486.99)	139.18	183.99	(19.30)	(10.93)	88.50	15.99
Cash, $m
Cash, $m	Operating cash flow	(9)	(12)	(7)	(15)	41	18	(23)	(40)	9	27
	Capex	0	0	(1)	0	0	(1)	(1)	0	(1)	(1)
	Free cash flow	(9)	(12)	(8)	(16)	41	17	(24)	(40)	8	26
Balance, $m
Balance, $m	Working capital	(6)	(21)	(101)	(149)	(113)	(75)	6	(53)	(50)	(40)
	Total debt	325	1,736	7,715	7,583	5,760	3,215	482	438	731	433
	Net debt	310	1,714	7,701	7,575	5,718	3,164	453	427	711	377
	Shareholders’ equity	47	48	42	49	101	151	94	92	90	103
Returns, %
Returns, %	ROA	0.52	0.16	(0.05)	(0.03)	0.20	0.24	(0.59)	(0.62)	(0.01)	1.73
	ROIC	1.51	0.26	0.03	0.03	0.45	0.75	(3.20)	0.83	(0.63)	7.74
	ROE	4.88	4.35	(5.44)	(4.51)	18.92	9.34	(10.91)	(5.50)	(0.14)	14.93

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
HGBL Heritage Global Inc.	$43.3M	— (loss-making)	9.3×	−14.25% (below 0%: shrinking)	n/m	−18.14% (below 0%: shrinking)	68.01%	(170.49%)	Compare
AURE Aurelion Inc.	$35.0M	— (loss-making)	—	—	n/m	−75.78% (below 0%: shrinking)	(38.05%)	0.00%	Compare
COHN Institutional Financial Markets, Inc.	$34.7M	1.1×	2.0×	+16.06% (above 0%: growing)	+95.06% (above 0%: growing)	−71.20% (below 0%: shrinking)	100.00%	17.86%
GRAN Grande Group Limited	$32.0M	—	—	—	—	−420.52% (below 0%: shrinking)	—	—	Compare
BGDE Mawson Infrastructure Group Inc.	$30.9M	— (loss-making)	— (loss-making)	−35.46% (below 0%: shrinking)	n/m	−56.83% (below 0%: shrinking)	26.14%	(102.37%)	Compare
PLUT Plutus Financial Group Limited	$29.6M	—	—	—	—	—	—	—	Compare
FLD Fold Holdings, Inc.	$28.7M	— (loss-making)	— (loss-making)	−25.51% (below 0%: shrinking)	n/m	+812.60% (above 0%: growing)	3.98%	(127.57%)	Compare
ARBK Argo Blockchain PLC Sponsored ADR	$28.1M	— (loss-making)	— (loss-making)	−70.04% (below 0%: shrinking)	n/m	−128.72% (below 0%: shrinking)	(22.79%)	(57.47%)	Compare
ATCH AtlasClear Holdings, Inc.	$26.9M	13.4×	—	+136.82% (above 0%: growing)	n/m	−163.33% (below 0%: shrinking)	100.00%	(53.57%)	Compare
Median of peers	$30.2M	—	—	−25.51%	—	−75.78%	15.06%	(79.92%)

All 93 Capital Markets stocks →

Institutional Financial Markets, Inc. (COHN) key facts

Strength: Institutional Financial Markets, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $275.6 million, up 246.2% from fiscal 2024.
Institutional Financial Markets, Inc. (COHN) is a Capital Markets company in the Financial sector, listed on NYSE American.
As of October 16, 2026, COHN traded at $10.18, a market capitalization of $34.7 million.
Institutional Financial Markets, Inc. pays an annual dividend of $1.00 per share, a yield of 9.82%, with a payout ratio of 18.5%.
Return on equity was 14.9% and debt-to-equity 4.33.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.