OPY Q2 revenue +22% to $454.9M; $70M sweep settlement paid, operating income +22% to $39.4M

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~2 min read

Key Changes

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  Liberty Capital cash-sweep class action settled for $70M in April 2026, deposited into escrow June 2026, final court approval hearing scheduled September 2026. Settlement is expected to be fully tax deductible with full release of all claims.

  Legal Proceedings verify on EDGAR →
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  Capital Markets swung from $3.9M pre-tax loss in Q2 2025 to $22.5M pre-tax income in Q2 2026 on 45.7% revenue growth to $179.2M. Investment banking advisory fees surged 158.5% YoY driven by larger financial-institutions mandates and more closings.

  MD&A: Capital Markets verify on EDGAR →
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  Direct U.S.-Iran hostilities escalated in early 2026: sustained U.S. military strikes, naval blockade against Iran, disruption of Strait of Hormuz transit, and material impacts on global energy supply chains and oil prices. Conditions remain highly uncertain.

  MD&A: Middle East Conflict verify on EDGAR →