INSTITUTIONAL FINANCIAL MARKETS, INC.

EDGAR

Annual consolidated revenue for 2025: about USD 275.6M, using the latest reported figures. The previous period, 2024, was about USD 79.6M.

Watchlist

Latest quarter

Revenue

69.5 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

17.86%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 12409000 USD Source
  • Revenue: 69487000 USD Source

Operating cash flow

3.92 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -27286000 USD Source
  • Operating Cash Flow: -31208000 USD Source

Free cash flow

3.73 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -27286000 USD Source
  • Operating Cash Flow: -31208000 USD Source
  • Capital Expenditure: 524000 USD Source
  • Capital Expenditure: 328000 USD Source
Cash and cash equivalents
40.1 million USD Source
Exact value

40093000 USD

Long-term debt including current maturities
28.8 million USD Source
Exact value

28800000 USD

Shares outstanding
3.23 million shares Source
Exact value

3228970 shares

Reported share-count change

58.60% · 1.19 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 2035863 shares · 2025-06-30· Source
  • 3228970 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-03.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • Operating income: 7 of 11 periods available· newest 2025-12-31
  • Net income: 7 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 7 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 6 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 6 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +246.2%

    Prior period

    USD 79.6 million

    –

    Current period

    USD 275.56 million

    –

    Exact inputs and evidence

    275564000 − 79598000 = 195966000 USD

    79598000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    275564000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 14.56 million

    Prior period

    −USD 129,000

    –

    Current period

    USD 14.43 million

    –

    Exact inputs and evidence

    14431000 − -129000 = 14560000 USD

    -129000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    14431000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +188.7%

    Prior period

    USD 9.48 million

    –

    Current period

    USD 27.35 million

    –

    Exact inputs and evidence

    27350000 − 9475000 = 17875000 USD

    9475000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    27350000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +0.4%

    Prior period

    USD 1.25 million

    –

    Current period

    USD 1.25 million

    –

    Exact inputs and evidence

    1254000 − 1249000 = 5000 USD

    1249000 USD · 2024-01-01 – 2024-12-31

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    1254000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 275.56 million 100% of revenue
  • Operating costs Derived USD 216.16 million 78% of revenue
  • Operating income USD 59.41 million 22% of revenue
  • Tax, interest and other Derived USD 44.98 million 16% of revenue
  • Net income USD 14.43 million 5.2% of revenue

Cash

  • Operating cash flow USD 27.35 million 9.9% of revenue
  • Capital expenditure USD 1.25 million 0.5% of revenue
  • Free cash flow Derived USD 26.1 million 9.5% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 Net loss: net income was −4.1% of revenue.
  • 2020 11%22%67%
  • 2021 19%73%
  • 2022 Operating loss: operating costs were 163% of revenue.
  • 2023 Net loss: net income was −6.2% of revenue.
  • 2024 Operating loss: operating costs were 110% of revenue.
  • 2025 16%78%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-3149666000 45625000 Derived 4041000 6095000 Derived -2054000 -15564000 Derived
Source
2020 2020-01-01 – 2020-12-31130110000 87782000 Derived 42328000 28123000 Derived 14205000 41218000 Derived
Source
2021 2021-01-01 – 2021-12-31146368000 106775000 Derived 39593000 27785000 Derived 11808000 17293000 Derived
Source
2022 2022-01-01 – 2022-12-3144387000 72350000 Derived -27963000 -14574000 Derived -13389000 -24061000 Derived
Source
2023 2023-01-01 – 2023-12-3182981000 76120000 Derived 6861000 11974000 Derived -5113000 -40033000 Derived
Source
2024 2024-01-01 – 2024-12-3179598000 87621000 Derived -8023000 -7894000 Derived -129000 8226000 Derived
Source
2025 2025-01-01 – 2025-12-31275564000 216157000 Derived 59407000 44976000 Derived 14431000 26096000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 275.6M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.297.6M223.2M148.8M74.4M0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Revenue49666000
2020Revenue130110000
2021Revenue146368000
2022Revenue44387000
2023Revenue82981000
2024Revenue79598000
2025Revenue275564000

Revenue growth

Change in revenue from the same financial period one year earlier.

246.2% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.271%180%88%-3%-95%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year162%
2021Year over year12.5%
2022Year over year-69.7%
2023Year over year86.9%
2024Year over year-4.1%
2025Year over year246.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 21.6% 2025
Net margin 5.2% 2025
Free cash flow margin 9.5% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.40%12%-15%-43%-71%201920222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019Operating margin8.1%
2020Operating margin32.5%
2021Operating margin27.1%
2022Operating margin-63%
2023Operating margin8.3%
2024Operating margin-10.1%
2025Operating margin21.6%
2019Net margin-4.1%
2020Net margin10.9%
2021Net margin8.1%
2022Net margin-30.2%
2023Net margin-6.2%
2024Net margin-0.2%
2025Net margin5.2%
2019Free cash flow margin-31.3%
2020Free cash flow margin31.7%
2021Free cash flow margin11.8%
2022Free cash flow margin-54.2%
2023Free cash flow margin-48.2%
2024Free cash flow margin10.3%
2025Free cash flow margin9.5%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 27.4M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.47.9M24.4M887.5K-22.6M-46.1M201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Operating cash flow-15463000
2020Operating cash flow41435000
2021Operating cash flow18321000
2022Operating cash flow-23488000
2023Operating cash flow-39660000
2024Operating cash flow9475000
2025Operating cash flow27350000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 26.1M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.47.7M24.2M592.5K-23.0M-46.5M201920222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Free cash flow-15564000
2020Free cash flow41218000
2021Free cash flow17293000
2022Free cash flow-24061000
2023Free cash flow-40033000
2024Free cash flow8226000
2025Free cash flow26096000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

85.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.106%80%53%27%0%2019-12-3120222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Liabilities / assetsNot reportedNo source recorded
2020Liabilities / assets98.4%
2021Liabilities / assets95.9%
2022Liabilities / assets89.4%
2023Liabilities / assets88.1%
2024Liabilities / assets90.7%
2025Liabilities / assets85.3%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
−USD 2.05 million
Exact value

Exact value: -2054000 USD

2019-01-01 – 2019-12-31: -2054000 USD Inspect Net Income Open source
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−USD 15.46 million
Exact value

Exact value: -15463000 USD

2019-01-01 – 2019-12-31: -15463000 USD Inspect Operating Cash Flow Open source
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USD 101,000
Exact value

Exact value: 101000 USD

2019-01-01 – 2019-12-31: 101000 USD Inspect Capital Expenditure Open source
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−USD 15.56 million
Calculation and evidence

-15463000 − 101000 USD

Exact free cash flow: -15564000 USD

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2020 2020-01-01 – 2020-12-31
USD 14.21 million
Exact value

Exact value: 14205000 USD

2020-01-01 – 2020-12-31: 14205000 USD Inspect Net Income Open source
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USD 41.44 million
Exact value

Exact value: 41435000 USD

2020-01-01 – 2020-12-31: 41435000 USD Inspect Operating Cash Flow Open source
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USD 217,000
Exact value

Exact value: 217000 USD

2020-01-01 – 2020-12-31: 217000 USD Inspect Capital Expenditure Open source
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USD 41.22 million
Calculation and evidence

41435000 − 217000 USD

Exact free cash flow: 41218000 USD

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2021 2021-01-01 – 2021-12-31
USD 11.81 million
Exact value

Exact value: 11808000 USD

2021-01-01 – 2021-12-31: 11808000 USD Inspect Net Income Open source
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USD 18.32 million
Exact value

Exact value: 18321000 USD

2021-01-01 – 2021-12-31: 18321000 USD Inspect Operating Cash Flow Open source
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USD 1.03 million
Exact value

Exact value: 1028000 USD

2021-01-01 – 2021-12-31: 1028000 USD Inspect Capital Expenditure Open source
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USD 17.29 million
Calculation and evidence

18321000 − 1028000 USD

Exact free cash flow: 17293000 USD

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2022 2022-01-01 – 2022-12-31
−USD 13.39 million
Exact value

Exact value: -13389000 USD

2022-01-01 – 2022-12-31: -13389000 USD Inspect Net Income Open source
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−USD 23.49 million
Exact value

Exact value: -23488000 USD

2022-01-01 – 2022-12-31: -23488000 USD Inspect Operating Cash Flow Open source
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USD 573,000
Exact value

Exact value: 573000 USD

2022-01-01 – 2022-12-31: 573000 USD Inspect Capital Expenditure Open source
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−USD 24.06 million
Calculation and evidence

-23488000 − 573000 USD

Exact free cash flow: -24061000 USD

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2023 2023-01-01 – 2023-12-31
−USD 5.11 million
Exact value

Exact value: -5113000 USD

2023-01-01 – 2023-12-31: -5113000 USD Inspect Net Income Open source
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−USD 39.66 million
Exact value

Exact value: -39660000 USD

2023-01-01 – 2023-12-31: -39660000 USD Inspect Operating Cash Flow Open source
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USD 373,000
Exact value

Exact value: 373000 USD

2023-01-01 – 2023-12-31: 373000 USD Inspect Capital Expenditure Open source
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−USD 40.03 million
Calculation and evidence

-39660000 − 373000 USD

Exact free cash flow: -40033000 USD

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2024 2024-01-01 – 2024-12-31
−USD 129,000
Exact value

Exact value: -129000 USD

2024-01-01 – 2024-12-31: -129000 USD Inspect Net Income Open source
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USD 9.48 million
Exact value

Exact value: 9475000 USD

2024-01-01 – 2024-12-31: 9475000 USD Inspect Operating Cash Flow Open source
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USD 1.25 million
Exact value

Exact value: 1249000 USD

2024-01-01 – 2024-12-31: 1249000 USD Inspect Capital Expenditure Open source
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USD 8.23 million
Calculation and evidence

9475000 − 1249000 USD

Exact free cash flow: 8226000 USD

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2025 2025-01-01 – 2025-12-31
USD 14.43 million
Exact value

Exact value: 14431000 USD

2025-01-01 – 2025-12-31: 14431000 USD Inspect Net Income Open source
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USD 27.35 million
Exact value

Exact value: 27350000 USD

2025-01-01 – 2025-12-31: 27350000 USD Inspect Operating Cash Flow Open source
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USD 1.25 million
Exact value

Exact value: 1254000 USD

2025-01-01 – 2025-12-31: 1254000 USD Inspect Capital Expenditure Open source
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USD 26.1 million
Calculation and evidence

27350000 − 1254000 USD

Exact free cash flow: 26096000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

133 filings · 9,393 latest values · 9,393 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001270436, 1270436, COHN, IFMI, cohn, edgar:1270436, ifmi

Also known as ALESCO FINANCIAL INC, COHEN & Co INC., Cohen & Co Inc., Cohen & Co Inc., INSTITUTIONAL FINANCIAL MARKETS, INC., SUNSET FINANCIAL RESOURCES INC