Variable Annuities & Other Insurance Commissions was Binah Capital’s largest revenue line in fiscal 2025, bringing in $125.41M of $277.97M (45%).
| Timing of Transfer of Good or Service | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Variable Annuities & Other Insurance Commissions | $104.42M | $119.16M | $125.41M |
| Mutual Fund Commissions | $27.20M | $76.13M | $86.52M |
| Advisory Fees | $43.34M | — | — |
| Alternative Investments | $24.45M | $24.16M | $42.40M |
| Securities Commissions | $21.62M | $23.58M | $23.64M |
| Total | $221.02M | $243.03M | $277.97M |
Binah Capital brought in $277.97M from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 14.4% from $243.03M in fiscal 2024. Variable Annuities & Other Insurance Commissions was the largest at $125.41M (45.1%), ahead of Mutual Fund Commissions at $86.52M (31.1%) and Alternative Investments at $42.40M (15.3%). The remaining revenue line, Securities Commissions, brought in $23.64M.
Compared with fiscal 2024, Alternative Investments grew fastest, up 75.5% to $42.40M. Every revenue line above 2% of revenue grew.
Binah Capital stopped reporting Advisory Fees as a separate revenue line after fiscal 2023, when it brought in $43.34M.
Sales-Based (Point In Time) was Binah Capital’s largest revenue line in fiscal 2025, bringing in $142.45M of $199.65M (71%).
| Timing Of Transfer Of Good Or Service | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Sales-Based (Point In Time) | $149.05M | $81.70M | $142.45M |
| Trailing (Over Time) | $100.02M | $119.16M | $57.20M |
| Total | $249.07M | $200.87M | $199.65M |
Binah Capital brought in $199.65M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $277.97M it reports by timing of transfer of good or service, so these revenue lines do not cover all of its revenue. Sales-Based (Point In Time) was the largest at $142.45M (71.3%), ahead of Trailing (Over Time) at $57.20M (28.7%).
Compared with fiscal 2024, Sales-Based (Point In Time) grew 74.3% to $142.45M, while Trailing (Over Time) fell 52.0% to $57.20M.
Binah Capital (BCG) reports its revenue by timing of transfer of good or service. In fiscal 2025, Variable Annuities & Other Insurance Commissions was its largest revenue line, bringing in $125.41M (45.1% of the total), followed by Mutual Fund Commissions at $86.52M (31.1%).
Variable Annuities & Other Insurance Commissions was Binah Capital's largest revenue line in fiscal 2025, bringing in $125.41M, or 45.1% of the $277.97M total across its four revenue lines.
Among Binah Capital's revenue lines that make up at least 2% of revenue, Alternative Investments grew fastest in fiscal 2025, up 75.5% from $24.16M to $42.40M.
Every figure comes from Binah Capital's annual financial filings, as reported. Each line keeps the name Binah Capital gives it, and years follow its fiscal calendar.
Binah Capital's revenue by timing of transfer of good or service goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.