v3.25.2
Segment and Geographic Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment and Geographic Information
15.
SEGMENT AND GEOGRAPHIC INFORMATION

The Company’s activities providing advisory and placement services constitute a single reportable segment. An operating segment is a component of an entity that conducts business and incurs revenues and expenses for which discrete financial information is available that is reviewed by the chief operating decision maker ("CODM") in assessing performance and making resource allocation decisions. The Company's CODM is the Chief Executive Officer. The Company has a single operating segment and therefore a single reportable segment.

The Company is organized as one operating segment in order to maximize the value of advice to clients by drawing upon the diversified expertise and broad relationships of senior professionals across the Company. The accounting policies of the reportable segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and allocates resources on a consolidated basis based on consolidated Net Income that is presented on the Condensed Consolidated Statements of Operations as well as other broad considerations, including the market opportunity, available expertise across the Company and the strength and efficacy of professionals’ collaboration. The measure of segment assets is presented on the Condensed Consolidated Statements of Financial Condition as total consolidated assets. The CODM reviews segment assets at the same level or category as presented on the Condensed Consolidated Statements of Financial Condition. The CODM uses consolidated Net Income to assist in assessing performance, establishing compensation, and setting capital priorities including such actions as reinvesting profits into the business, offset dilution or pay dividends. The CODM is regularly provided with the consolidated expenses as presented on the Condensed Consolidated Statements of Operations.

Since the financial markets are global in nature, the Company generally manages its business based on the operating results of the Company taken as a whole, not by geographic region. The following tables set forth the geographical distribution of revenues and assets based on the location of the office that generates the revenues or holds the assets and therefore may not be reflective of the geography in which the Company’s clients are located.

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenues from Contracts with Customers

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

340,338

 

 

$

328,943

 

 

$

607,124

 

 

$

608,155

 

United Kingdom

 

 

46,229

 

 

 

27,321

 

 

 

89,603

 

 

 

68,042

 

Other International

 

 

14,537

 

 

 

1,817

 

 

 

26,294

 

 

 

8,969

 

Total Revenues from Contracts with Customers

 

 

401,104

 

 

 

358,081

 

 

 

723,021

 

 

 

685,166

 

Interest Income and Other1

 

 

5,780

 

 

 

2,100

 

 

 

8,394

 

 

 

4,408

 

Total Revenues

 

$

406,884

 

 

$

360,181

 

 

$

731,415

 

 

$

689,574

 

 

 

 

June 30,
2025

 

 

December 31,
2024

 

Assets

 

 

 

 

 

 

United States

 

$

1,235,599

 

 

$

1,363,744

 

United Kingdom

 

 

183,438

 

 

 

176,551

 

Other International

 

 

92,361

 

 

 

95,039

 

Total

 

$

1,511,398

 

 

$

1,635,334

 

 

1 Includes revenues not otherwise derived from contracts with customers.