BGC Group, Inc.(BGC)Stock Analysis
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Rank #344 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
BGC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for BGC Group, Inc. (BGC), a Financials sector company. 13F Pro's AI-powered ranking engine scores BGC at 69.9/100 on a 32-signal composite quality model, placing it at rank #344 of 2,879 stocks — the top 25% of the AI-ranked universe. BGC scores in the top quartile across earnings quality (88.8), revenue growth (81.6). Based on the latest XBRL financial filings (Q4 2025), BGC Group, Inc. reports quarterly revenue of $756.4M, net income of $14.4M, free cash flow of $175.1M. Top institutional holders of BGC by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, Rubric Capital Management, based on the most recent SEC filings. BGC trades on the Nasdaq exchange and files with the SEC under CIK 1094831. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BGC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BGC Group, Inc. directly from SEC EDGAR. BGC Group, Inc.'s 13F Pro composite quality score has ranged between 8 and 70 since 2023, currently 69.9 — an improving long-term trajectory across 45 quarterly and live scoring snapshots.
What's Driving BGC's Business? Latest 10-Q Breakdown
✓ 31/31 datapoints verifiedAI-extracted from BGC Group, Inc.'s 10-Q filed 2026-05-11 — Q1 FY2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
BGC Group revenues surged 43.8% YoY to $955.5M in Q1 2026, driven by OTC Global acquisition and strong organic growth across all asset classes, with consolidated net income of $83.5M.
Biggest Revenue Drivers
Total revenue: $955.5M+43.8% YoY
Growth across all asset classes including ECS, Rates, FX, Credit, and Equities
Increased matched principal transactions
Driven by Lucera and Fenics Market Data, partially offset by kACE sale
Decrease in interest-earning balances
Largest Expense Items
OTC Global operations, higher commissionable revenues, cost reduction charges, and weaker U.S. dollar
Increased issuance of common stock and RSU amortization
BGC Group 6.150% Senior Notes issued April 2025, offset by repayment of 4.375% Senior Notes on December 15, 2025
OTC Global operations and higher intangible asset amortization from acquisitions
Margins: Operating margin improved to 12.1% in Q1 2026 from 12.0% in Q1 2025, despite significant integration costs from the OTC Global acquisition. Total compensation as a percentage of revenues increased to 65.0% from 62.8% YoY, primarily due to OTC Global headcount and cost reduction charges.
Watch Items from the Filing
- OTC Global integration risk: OTC Global acquisition (completed April 1, 2025) contributed $138.4M of Q1 2026 revenues but represented 14.5% of total revenues. Integration challenges could impact profitability.
- Receivables concentration: Receivables from broker-dealers surged to $1.8B (31% of assets) as of March 31, 2026 from $468M at year-end 2025, driven by trading volume increases and settlement timing.
- Cantor concentration and related-party risk: Cantor and CFGM hold 105.3M Class B shares (96.2% of Class B shares), representing 71.9% of total voting power; service agreements and clearing arrangements create operational and financial dependencies.
- Cost reduction program execution: Recognized $16.3M in compensation charges for Q1 2026 related to ongoing $35M annualized cost reduction program, with execution risks remaining.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q4 2025
$756.4M
Net Income
Q4 2025
$14.4M
Free Cash Flow
Q4 2025
$175.1M
ROIC
Q4 2025
1.0%
D/E Ratio
Q4 2025
1.83
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+30.0% YoYNet Income
+25.8% YoYEPS (Diluted)
+24.0% YoYTotal Assets
+22.8% YoYTotal Debt
+32.8% YoYOp. Cash Flow
+25.1% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $2.94B +30.0% | $2.26B +11.7% | $2.03B +0.5% | $2.02B -2.0% | $2.06B -2.3% | $2.10B |
| Net Income | $155.0M +25.8% | $123.2M +217.8% | $38.8M -74.7% | $153.5M +240.6% | $45.1M +2.6% | $43.9M |
| EPS (Diluted) | $0.31 +24.0% | $0.25 +257.1% | $0.07 -78.1% | $0.32 +166.7% | $0.12 +0.0% | $0.12 |
| Total Assets | $4.41B +22.8% | $3.59B +13.1% | $3.18B -5.0% | $3.34B -15.5% | $3.95B +0.9% | $3.92B |
| Total Debt | $1.78B +32.8% | $1.34B +13.0% | $1.18B +12.0% | $1.06B -20.0% | $1.32B +15.0% | $1.15B |
| Operating Cash Flow | $394.4M +25.1% | $315.4M -22.2% | $405.2M -2.9% | $417.2M +37.9% | $302.6M +25.5% | $241.1M |
AI Insight: BGC Financial Trends
BGC Group's revenue surged 32% year-over-year in Q4 2025 to $756M, but debt ballooned 88% over two years while net income declined sequentially.
• Revenue accelerated from $572M in Q4 2024 to $756M in Q4 2025, marking 32% year-over-year growth.
• Total debt increased dramatically from $945M in Q1 2024 to $1,776M in Q4 2025, an 88% rise.
• Operating cash flow strengthened from $28M in Q1 2024 to $180M in Q4 2025.
⚠ Net income declined from $58M in Q2 2025 to $14M in Q4 2025 despite revenue growth.
⚠ Debt-to-equity ratio deteriorated from 1.04x in Q1 2024 to 1.83x in Q4 2025.
AI Insight: BGC Ratio Trends
BGC Group exhibits severe seasonality with Q4 2025 operating margin collapsing to 3.3% from 12.0% in Q1 2025.
• Operating margin declined from 12.0% in Q1 2025 to 3.3% in Q4 2025, showing persistent Q3-Q4 weakness.
• ROE dropped from 24.7% in Q2 2025 to 5.9% in Q4 2025, reflecting seasonal earnings volatility.
• Debt-to-equity increased from 1.04 in Q1 2024 to 1.83 in Q4 2025, indicating rising leverage.
⚠ Consistent Q3-Q4 margin compression pattern suggests structural seasonality challenges requiring monitoring.
⚠ ROIC volatility ranging from 3.4% to 15.3% indicates unstable capital efficiency across quarters.
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Top Institutional Holders of BGC
BlackRock, Inc.
$534.0M54,598,196 shVANGUARD PORTFOLIO MANAGEMENT LLC
$240.0M24,544,191 shRubric Capital Management LP
$227.9M23,300,000 shVANGUARD CAPITAL MANAGEMENT LLC
$159.6M16,315,660 shSTATE STREET CORP
$141.6M14,481,960 shNuveen, LLC
$89.9M9,192,389 shGEODE CAPITAL MANAGEMENT, LLC
$87.8M8,978,459 shFMR LLC
$84.6M8,646,586 shDIMENSIONAL FUND ADVISORS LP
$77.3M7,903,339 shBoston Partners
$71.4M7,285,941 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $534.0M | 54,598,196 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $240.0M | 24,544,191 |
| Rubric Capital Management LP | $227.9M | 23,300,000 |
| VANGUARD CAPITAL MANAGEMENT LLC | $159.6M | 16,315,660 |
| STATE STREET CORP | $141.6M | 14,481,960 |
| Nuveen, LLC | $89.9M | 9,192,389 |
| GEODE CAPITAL MANAGEMENT, LLC | $87.8M | 8,978,459 |
| FMR LLC | $84.6M | 8,646,586 |
| DIMENSIONAL FUND ADVISORS LP | $77.3M | 7,903,339 |
| Boston Partners | $71.4M | 7,285,941 |
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Is BGC a good stock to buy?
13F Pro's AI-powered analysis of BGC Group, Inc. (BGC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BGC are available on the BGC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own BGC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BGC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BGC Group, Inc.'s investment landscape.