BGC Group Inc-A 2024年度报告

FORM10-K FORANNUALAND TRANSITIONREPORTSPURSUANTTOSECTION13OR15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromtoCommission File Number:001-35591_______________________________________________ BGC Group, Inc. (Exact Name of Registrant as Specified in Its Charter)_______________________________________________ (212)610-2200(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements forthe past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of voting common equity held by non-affiliates of the registrant, based upon the closing price of the ClassA common stock onJune30, 2024 as reported on Nasdaq, was approximately $4,622,726,641. Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. On February27, 2025, the registrant had373,430,578shares of Class A common stock, $0.01 par value, and109,452,953shares of Class B common stock,$0.01 par value, outstanding._______________________________________________ DOCUMENTS INCORPORATED BY REFERENCE. Portions of the registrant’s definitive proxy statement for its 2025 annual meeting of stockholders (the “2025 Proxy Statement”) are incorporated byreference in Part III of this Annual Report on Form 10‑K. We anticipate that we will file the 2025 Proxy Statement with the SEC on or before April 30, 2025. BGC Group, Inc. 2024 FORM 10‑K ANNUAL REPORT TABLE OF CONTENTS Glossary of Terms, Abbreviations and AcronymsSpecial Note on Forward-Looking InformationRisk Factor Summary PARTI ITEM1.BusinessITEM1A.Risk FactorsITEM1B.Unresolved Staff CommentsITEM1C.CybersecurityITEM2.PropertiesITEM3.Legal ProceedingsITEM4.Mine Safety Disclosures ITEM5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities74ITEM6.[Reserved]76ITEM7.Management’s Discussion and Analysis of Financial Condition and Results of Operations76ITEM7A.Quantitative and Qualitative Disclosures About Market Risk121ITEM8.Financial Statements and Supplementary Data124ITEM9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure201ITEM9A.Controls and Procedures201ITEM9B.Other Information201ITEM 9C.Disclosure Regarding Foreign Juri