v3.25.2
Segment Reporting - Summary of Information About Reported Segment Revenue, Segment Profit or Loss and Significant Segment Expenses (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]            
Total revenues $ 72,704   $ 71,076   $ 140,371 $ 137,191
Less: cash compensation and benefits, net of one-time expenses (32,145)   (36,253)   (69,225) (73,362)
Less: stock based compensation 11,056   6,676   17,621 13,391
Less: professional fees, net of one-time expenses (6,743)   (3,535)   (13,258) (7,303)
Less: general, administrative and other, net of one-time expenses (8,824)   (7,017)   (15,649) (13,074)
Net income 4,200 $ 4,696 7,390 $ 5,243 8,896 12,633
Deferred Profit Sharing            
Segment Reporting Information [Line Items]            
Less: cash compensation and benefits, net of one-time expenses [1] 991   1,316   2,153 2,076
Operating Segments            
Segment Reporting Information [Line Items]            
Total revenues 72,704   71,076   140,371 137,191
Less: cash compensation and benefits, net of one-time expenses (25,571)   (24,703)   (51,204) (50,778)
Less: stock based compensation (11,056)   (6,676)   (17,621) (13,391)
Less: professional fees, net of one-time expenses (3,868)   (2,786)   (7,318) (5,950)
Less: general, administrative and other, net of one-time expenses (6,479)   (5,300)   (12,224) (10,150)
Less: other segment items [2] (18,728)   (21,535)   (38,421) (39,852)
Net income 4,200   7,390   8,896 12,633
Operating Segments | Deferred Profit Sharing            
Segment Reporting Information [Line Items]            
Less: cash compensation and benefits, net of one-time expenses [3] (991)   (1,316)   (2,153) (2,076)
Operating Segments | Placement Agent Expense            
Segment Reporting Information [Line Items]            
Less: general, administrative and other, net of one-time expenses $ (1,811)   $ (1,370)   $ (2,534) $ (2,361)
[1] Management profit share represents compensation expense attributable to variable compensation structures tied to the profitability of our business, paid to senior employees.
[2] Other segment items included in net income includes (i) contingent consideration expense, amortization of intangibles, strategic alliance expense, income tax expense, interest expense, net, as well as other income, and (ii) one-time expenses excluded from the significant segment expenses.
[3] Management profit share represents compensation expense attributable to variable compensation structures tied to the profitability of our business, paid to senior employees.