What does settlement expense — operating expenses mean?

This metric represents the direct costs incurred by the brokerage business to clear and settle securities transactions for retail and institutional clients. It encompasses fees paid to clearing houses, exchanges, and regulatory bodies necessary to finalize trade executions. Monitoring this expense provides insight into the operational efficiency of the firm's transaction processing and the impact of trading volume on overall profitability.

Siebert Financial (SIEB) Settlement Expense — Operating Expenses

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Other product segments

Employee Compensation And Benefits

$19.24M+43.7%

Professional Fees

$2.06M+42.0%

Technology And Communications

$1.93M+85.1%

Other General And Administrative

$1.88M+2.0%

Data Processing

$1.75M+52.9%

Clearing Fees Including Execution Costs

$860K+92.0%

Advertising And Promotion

$836K+283%

Depreciation And Amortization

$671K+6.7%

Rent And Occupancy

$529K+19.7%

Intangible Asset Impairment

$454K—

Goodwill Impairment

$330K—

Interest Expenses

$228K+133%

Music Production Manufacturing And Distribution

$187K+104%

Similar metrics at other companies

PRD

PRDOAll Other Expenses — Operating Expenses

$4.19M+1.0%

DBVTExpenses by function — Operating Expenses

$18M+83.7%

DBVTExpenses by Nature — Operating Expenses

$18M+83.7%

SHO

SHOSignificant Expense Used By Codm Consolidated — Operating Expenses

$196.95M+7.1%

ARRYSTI Operations — Operating Expenses

$0—

OVVCanadian Operations — Operating Expenses

$798M+34.6%

Other financials

Income statement

See full

Revenue$31.2M+110%

Operating income-$472.0K+91.9%

Net income-$326.0K+93.1%

EPS (diluted)-$0.01+91.7%

Balance sheet

See full

Cash & equivalents$126.8M+25.3%

Total debt$7.3M+13.5%

Total equity$88.7M-0.4%

Total assets$968.8M+72.8%

Cash flow

See full

Operating cash flow-$2.6M-506%

CapEx$91.0K+49.2%

Free cash flow-$2.7M-566%

Valuation

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Market cap$68.37M-57.1%

Enterprise value-$51.09M-179%

P/S0.7×-1.2×

Profitability

See full

Operating margin9.7%—

Net margin-0.6%-11.7pp

FCF margin14.1%—

Returns & leverage

See full

Return on equity-0.8%-12.1pp

Debt / equity0.1×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Siebert Financial in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Siebert Financial’s 10-Q, filed August 11, 2026.

Filed: Aug 11, 2026, 4:46 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001213900-26-087833

Line item	Three Months Ended June 30, 2026	Three Months Ended June 30, 2025	Six Months Ended June 30, 2026	Six Months Ended June 30, 2025
Settlement expense	1,475,000	—	1,475,000	—
Intangible asset impairment	—	—	454,000	—
Goodwill impairment	—	—	330,000	—
Total Expenses	31,646,000	20,706,000	57,983,000	39,129,000
Operating income (loss)	(472,000)	(5,832,000)	(3,339,000)	4,664,000
Income (loss) before provision for (benefit from) income taxes	(472,000)	(5,832,000)	(3,339,000)	4,664,000
Provision for (benefit from) income taxes	(146,000)	(1,113,000)	(1,041,000)	722,000
Net income (loss)	(326,000)	(4,719,000)	(2,298,000)	3,942,000

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Siebert Financial's settlement expense — operating expenses?: Siebert Financial (SIEB) reported settlement expense — operating expenses of $1.48M in Q2 2026.
What does settlement expense — operating expenses mean?: This metric represents the direct costs incurred by the brokerage business to clear and settle securities transactions for retail and institutional clients. It encompasses fees paid to clearing houses, exchanges, and regulatory bodies necessary to finalize trade executions. Monitoring this expense provides insight into the operational efficiency of the firm's transaction processing and the impact of trading volume on overall profitability.