The company has not filed an annual or quarterly report since its FY2022 10-K, filed Feb 28, 2023. Its latest SEC filing is a 4 from Jun 24, 2024.
10-K for FY2022, filed Feb 28, 2023
The sections below describe the company as of the FY2022 annual report.
Provides capital-raising and advisory services, brokerage and research, and investment management to companies, institutional investors and private clients.
10-K for FY2022, filed Feb 28, 2023Cowen Inc., a Delaware corporation formed in 2009, is a diversified financial services firm that, together with its consolidated…View ↗
The Op Co segment consists of four divisions: the Cowen Investment Management ("CIM") division, the Investment Banking division, the…View ↗
The CIM division is the Company's investment management business, which operates primarily under the Cowen Investment Management name. CIM…View ↗
Op Co's investment banking businesses include investment banking, research, sales and trading, prime brokerage, global clearing, securities…View ↗
Cowen’s Operating Company earns fees when it underwrites offerings and completes advisory or placement work, commissions on client trades paid on settlement, and fees for research access over contract terms; it also earns investment-management fees and performance-based income. Asset Company revenue includes investment income, management fees and incentive income.
10-K for FY2022, filed Feb 28, 2023The Company's principal sources of revenue are generated within two segments. The Op Co segment generates revenue through five principal…View ↗
Underwriting fees. The Company earns underwriting fees in securities offerings in which the Company acts as an underwriter, such as initial…View ↗
Strategic/financial advisory fees. The Company's strategic advisory revenue includes success fees earned in connection with advising…View ↗
Commissions. Commission revenue includes fees from executing and clearing client transactions and commission sharing arrangements. Trade…View ↗
Underwriting, private placement and strategic/financial advisory fees. Our revenues from investment banking are directly linked to the…View ↗
10-K for FY2022, filed Feb 28, 2023
FY2022 revenue by reportable segment ↗$1.5B
10-K for FY2022, filed Mar 1, 2023
$1.5B ↗| Segment | Share | Revenue |
|---|---|---|
|
Operating Company
|
104%
FY2019: 99%
|
Operating Company, FY2022
$1.6B Sources
|
|
Asset Company
|
−3.7%
FY2019: 0.9%
|
Asset Company, FY2022
−$57.3M Sources
|
Works with companies and institutional investors for advisory, capital raising, brokerage and research, while institutional and private clients invest through Cowen’s investment-management products. Brokerage and research services are provided through its broker-dealers.
10-K for FY2022, filed Feb 28, 2023The CIM division is the Company's investment management business, which operates primarily under the Cowen Investment Management name. CIM…View ↗
Op Co's investment banking businesses include investment banking, research, sales and trading, prime brokerage, global clearing, securities…View ↗
Our investment banking department provides strategic advisory and capital raising services to U.S. and international public and private…View ↗
As of December 31, 2022, we had a research team of more than 60 senior analysts covering about 975 stocks. Within our equity coverage…View ↗
The Company's investment management business, within the Op Co segment, focuses on addressing the needs of institutional investors and high…View ↗
Yes. It kept 5 cents of every revenue dollar as net income in FY2022 and turned 10 cents into free cash flow.
8-K, filed Mar 1, 2023
On the Closing Date, pursuant to and in accordance with the Merger Agreement, Merger Sub merged with and into the Company, with the Company…View ↗
Grew. Revenue grew 59% in 4 years, from $966.9M in FY2018 to $1.5B in FY2022, about 12% a year.
De-SPAC advisory
The latest report explicitly includes de-SPAC advice among the strategic advisory services for companies; the older description lists acquisitions, divestitures, fairness opinions, spin-offs and partnerships.
10-K for FY2019, filed Mar 4, 2020 10-K for FY2022, filed Feb 28, 2023Our investment banking department provides strategic advisory and capital raising services to U.S. and international public and private…View ↗
Our investment banking department provides strategic advisory and capital raising services to U.S. and international public and private…View ↗
Loading...
