United States was Cohen’s largest region in fiscal 2025, bringing in $265.59M of $275.56M (96%).
| Geography | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $39.67M | $77.53M | $72.57M | $265.59M | |||||||||||
| Europe | — | — | — | — | |||||||||||
| Non-Us | — | $5.45M | $7.03M | $9.98M | |||||||||||
| United Kingdom | — | — | — | — | |||||||||||
| United Kingdom Other | — | — | — | — | |||||||||||
| Europe & Other | $4.72M | — | — | — | |||||||||||
| Asia | — | — | — | — | |||||||||||
| Total | $44.39M | $82.98M | $79.60M | $275.56M |
Cohen brought in $275.56M from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 246.2% from $79.60M in fiscal 2024. United States was the largest at $265.59M (96.4%), ahead of Non-Us at $9.98M (3.6%).
Compared with fiscal 2024, United States grew 266.0% to $265.59M and Non-Us grew 42.0% to $9.98M.
Cohen began breaking out Non-Us in fiscal 2023, when it brought in $5.45M. Cohen stopped reporting Europe & Other as a separate region after fiscal 2022, when it brought in $4.72M.
Capital Markets was Cohen’s largest segment in fiscal 2025, bringing in $234.96M of $275.56M (85%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital Markets | $61.66M | $54.88M | $77.20M | $234.96M | ||||||||||||
| Asset Management | $9.86M | $8.41M | $11.62M | $10.61M | ||||||||||||
| Principal Investing | -$27.13M | $19.69M | -$9.22M | $30.00M | ||||||||||||
| Total | $44.39M | $82.98M | $79.60M | $275.56M |
Cohen brought in $275.56M from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 246.2% from $79.60M in fiscal 2024. Capital Markets was the largest at $234.96M (85.3%), ahead of Principal Investing at $30.00M (10.9%) and Asset Management at $10.61M (3.9%).
Compared with fiscal 2024, Capital Markets grew 204.4% to $234.96M, while Asset Management fell 8.7% to $10.61M. From fiscal 2022 to 2025, combined revenue from these segments grew from $44.39M to $275.56M, a compound annual growth rate of 83.8%. Capital Markets' share of the total fell from 138.9% to 85.3%.
Cohen (COHN) reports its revenue by geography and by segment. In fiscal 2025, United States was its largest region, bringing in $265.59M (96.4% of the total), followed by Non-Us at $9.98M (3.6%).
United States was Cohen's largest region in fiscal 2025, bringing in $265.59M, or 96.4% of the $275.56M total across its two regions.
Capital Markets was Cohen's largest segment in fiscal 2025, bringing in $234.96M, or 85.3% of the $275.56M total across its three segments.
United States grew faster than Non-Us in fiscal 2025, up 266.0% from $72.57M to $265.59M. Non-Us grew 42.0% to $9.98M.
Every figure comes from Cohen's annual financial filings, as reported. Each line keeps the name Cohen gives it, and years follow its fiscal calendar.
Cohen's revenue by geography goes back to fiscal 2011, 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.