COWEN INC.
Financials · Security Brokers, Dealers & Flotation Companies · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $1.14B | $1.72B | $1.34B | $797.4M | $793.3M | $658.8M |
| Operating income | — | — | — | — | — | — |
| Net income | $76.5M | $295.6M | $216.4M | $24.6M | $42.8M | −$60.9M |
| Total assets | $8.83B | $8.75B | $7.83B | $5.16B | $3.35B | $3.30B |
| Total liabilities | $7.48B | $7.45B | $6.66B | $3.87B | $2.27B | $2.11B |
| Equity | $1.06B | $1.02B | $969.5M | $809.9M | $794.4M | $748.0M |
| EPS (diluted) | $2.21 | $8.85 | $7.10 | $0.57 | $1.17 | $-2.29 |
| Shares out. | 27.5M | 26.7M | 28.7M | 29.5M | 29.0M | 26.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- —
- Net margin
- 6.7%
- Return on equity
- 7.2%
- Return on assets
- 0.9%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 84.7%
- Debt / equity
- 7.03×
- Book value / share
- $38.76
- Revenue growth (YoY)
- −33.7%
- Net income growth (YoY)
- −74.1%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Accruals / assets
- −1.1%clean
- Piotroski F-Score
- 4/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 warning● 2 good- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · New financial obligation · Debt acceleration / triggering event · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventMar 1, 2023
- Other material eventFeb 17, 2023
- Other material eventJan 26, 2023
- Shareholder vote · Other material eventNov 15, 2022
- Other material eventNov 7, 2022
- Other material eventOct 28, 2022
- Results of operationsOct 28, 2022
- Results of operationsAug 3, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4PRIMARY DOCUMENTJun 24, 2024
- 3PRIMARY DOCUMENTMay 22, 2024
- 4Mar 15, 2024
- 3Mar 15, 2024
- 4Mar 15, 2024
- 3Mar 15, 2024
- 4Feb 23, 2024
- 3Feb 23, 2024
- 3Feb 20, 2024
- 4PRIMARY DOCUMENTDec 19, 2023
- 3PRIMARY DOCUMENTDec 14, 2023
- 4Sep 6, 2023
- 4May 15, 2023
- 3May 15, 2023
- 4Apr 25, 2023
Event-driven situations (1)
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