v3.26.1
Consolidated Balance Sheets (Parentheticals) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Securities and other investments owned [1] $ 382,461 $ 215,225
Accounts receivable, allowance for credit loss, current 6,108 6,100
Loans receivable - at fair value 26,303 90,103
Prepaid and other assets [1] 128,650 157,429
Warrant liabilities, current [1] $ 6,400 $ 0
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized (in shares) 1,000,000 1,000,000
Preferred stock, shares issued (in shares) 4,563 4,563
Preferred stock, shares outstanding (in shares) 4,563 4,563
Preferred stock, liquidation preference $ 122,142 $ 114,082
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock, shares issued (in shares) 30,597,066 30,499,931
Common stock, shares outstanding (in shares) 30,597,066 30,499,931
Cash and cash equivalents [1] $ 226,601 $ 146,852
Securities and other investments owned, at fair value [1] 446,843 282,325
Accrued expenses and other liabilities [1] 154,780 185,745
Noncontrolling interest [1] 51,271 32,159
Variable Interest Entity, Primary Beneficiary    
Prepaid and other assets 3,737  
Cash and cash equivalents 446  
Securities and other investments owned, at fair value 682  
Accrued expenses and other liabilities 28  
Noncontrolling interest 4,192  
Related Party    
Loans receivable - at fair value 2,835 51,902
Prepaid and other assets [1] $ 0 $ 3,449
[1] At December 31, 2025, the balance sheet includes cash of $446, securities and other investments owned, at fair value, of $682, prepaid and other expenses of $3,737, accrued expenses and other liabilities of $28 and noncontrolling interest of $4,192 of consolidated variable interest entities (see Note 3 - Variable Interest Entities).