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Jefferies Financial Group JEF Total financial instruments owned, excluding Investments at fair value based on NAV

Total financial instruments owned, excluding Investments at fair value based on NAV at other companies

EFC
Ellington Financial Inc.EFC
$839.59M+23.7%
Raymond James Financial logo
Raymond James FinancialRJF
9%-2.0pp
Stifel Financial logo
Stifel FinancialSF
$84.59M+12.1%
Annaly Capital Management logo
Annaly Capital ManagementNLY
$134.45B
Duke Energy logo
Duke EnergyDUK
$12.61B+9.5%
Truist Financial logo
Truist FinancialTFC
$5.24B

Other financials

Income statement

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Revenue$2.0B+26.6%
Gross profit$2.0B+28.1%
Net income$159.3M+16.4%
EPS (diluted)$0.70+22.8%

Balance sheet

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Cash & equivalents$13.7B+10.1%
Total debt$19.1B+20.0%
Total equity$10.6B+4.0%
Total assets$74.4B+5.9%

Cash flow

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Operating cash flow-$1.7B+34.8%
CapEx$64.9M+30.8%
Free cash flow-$1.8B+33.6%

Valuation

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Market cap$12.7B-32.8%
Enterprise value$18.13B-14.8%
P/E18×-9.1×
P/S1.6×-1.1×

Profitability

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Gross margin97.7%+0.8pp
Net margin9.1%-1.0pp
FCF margin17.6%+15.6pp

Returns & leverage

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Return on equity6.8%-0.2pp
Debt / equity1.8×+0.2×

Where this comes from

Reported directly by Jefferies Financial Group in its filing.

Tagged under the XBRL concept jef:FinancialInstrumentsOwnedAtFairValueExcludingInvestmentsAtNetAssetValue.

The official record: Jefferies Financial Group’s 10-Q, filed April 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Jefferies Financial Group's total financial instruments owned, excluding investments at fair value based on NAV?
Jefferies Financial Group (JEF) reported total financial instruments owned, excluding investments at fair value based on NAV of $26.47B in Q4 2025.
How has Jefferies Financial Group's total financial instruments owned, excluding investments at fair value based on NAV changed year-over-year?
Jefferies Financial Group's total financial instruments owned, excluding investments at fair value based on NAV increased by 7.1% year-over-year, from $24.72B to $26.47B.
What is the long-term trend for Jefferies Financial Group's total financial instruments owned, excluding investments at fair value based on NAV?
Over 2 years (2023 to 2025), Jefferies Financial Group's total financial instruments owned, excluding investments at fair value based on NAV has grown at a 12.6% compound annual growth rate (CAGR), from $20.54B to $26.04B.
What does total financial instruments owned, excluding investments at fair value based on NAV mean?
The market value of financial instruments held for trading that are not valued using NAV.
How do you interpret total financial instruments owned, excluding investments at fair value based on NAV?
An increase indicates a larger trading inventory or market exposure, which can drive higher revenue in volatile markets but also increases risk.
How does total financial instruments owned, excluding investments at fair value based on NAV compare across companies?
Standard for investment banks; peers report this to show the scale and risk profile of their proprietary and client-facilitation trading books.