v3.25.1
Segment Reporting - Segment Expense (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Total revenues $ 1,074,910 $ 854,582
Professional services 5,192 3,635
Crypto costs 1,054,635 831,972
Execution, clearing and brokerage fees 7,693 5,630
Total operating expenses 1,093,430 886,419
Operating loss (18,520) (31,837)
Net income (loss) 16,239 (21,275)
Reportable Segment    
Segment Reporting Information [Line Items]    
Total revenues 1,074,910 854,582
Personnel 14,458 16,216
Non-cash compensation 3,343 8,013
Professional services 5,192 3,635
Technology 3,529 5,747
Occupancy 892 949
Marketing and promotions 96 1,071
Business insurance 1,653 3,947
Depreciation and amortization 220 57
Other operating costs 1,719 9,182
Crypto costs 1,054,635 831,972
Execution, clearing and brokerage fees 7,693 5,630
Total operating expenses 1,093,430 886,419
Operating loss (18,520) (31,837)
Other expense (income), net (34,759) (10,562)
Net income (loss) $ 16,239 $ (21,275)