v3.26.1
RESTRUCTURING CHARGE (Tables)
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of changes in accrued restructuring charge
The following table summarizes the changes in accrued restructuring charge during the years ended December 31, 2025 and 2024:
Year Ended December 31,
20252024
Balance, beginning of year$1,316 $2,540 
Restructuring charge195 1,522 
Cash paid(930)(2,158)
Non-cash items(220)(588)
Balance, end of year$361 $1,316 
Schedule of restructuring activities by reportable segment
The following table summarizes the restructuring activities by reportable segment during the years ended December 31, 2025 and 2024:
LingoConsumer ProductsCorporate & All OtherTotal
Restructuring charges for the year ended December 31, 2025:
Employee termination costs$— $(90)$285 $195 
Total restructuring charge$— $(90)$285 $195 
Restructuring charges for the year ended December 31, 2024:
Employee termination costs$379 $1,143 $— $1,522 
Total restructuring charge$379 $1,143 $— $1,522 
The following is a summary of certain financial data for each of the Company’s reportable segments:

Year Ended December 31, 2025Capital MarketsWealth ManagementLingomagicJackMarconi WirelessUOLConsumer ProductsTotal Reportable Segments
Corporate & All Other(1)
Total
Revenues - Services and fees$154,421 $158,065 $164,148 $36,698 $31,394 $13,145 $— $557,871 $75,965 $633,836 
Trading gains, net106,364 17,507 — — — — — 123,871 1,659 125,530 
Fair value adjustment on loans(3,131)— — — — — — (3,131)2,683 (448)
Interest income - loans65 — — — — — — 65 10,509 10,574 
Interest income - securities lending6,993 — — — — — — 6,993 — 6,993 
Revenues - Sale of goods— — — 1,236 3,390 — 181,540 186,166 4,948 191,114 
Total revenues264,712 175,572 164,148 37,934 34,784 13,145 181,540 871,835 95,764 967,599 
Direct cost of services— — (94,584)(7,445)(12,620)(4,306)— (118,955)(20,462)(139,417)
Cost of goods sold— — — (1,240)(3,856)— (135,612)(140,708)(4,656)(145,364)
Employee compensation and benefits(115,712)(126,279)(19,713)(3,140)(2,782)(1,203)(37,123)(305,952)(65,016)(370,968)
Professional services(3,388)(2,623)(447)(1,477)(334)(55)(5,032)(13,356)(44,058)(57,414)
Occupancy-related costs(6,839)(14,026)(3,109)(1,488)(2,344)(675)(5,955)(34,436)(15,001)(49,437)
Depreciation and amortization(2,443)(2,209)(13,156)(3,481)(1,919)(219)(7,480)(30,907)(4,114)(35,021)
Other selling, general and administrative expenses(41,684)(15,189)(20,003)(1,096)(1,519)(385)(5,273)(85,149)(1,759)(86,908)
Restructuring charge— — — — — — 90 90 (285)(195)
Impairment of goodwill and tradenames— — — — — — (1,500)(1,500)— (1,500)
Interest expense - Securities lending and loan participations sold(5,160)— — — — — — (5,160)(634)(5,794)
Segment income (loss)$89,486 $15,246 $13,136 $18,567 $9,410 $6,302 $(16,345)$135,802 $(60,221)$75,581 
(1)
Corporate and All Other consists of general corporate administrative functions not allocable to reportable segments and operating segments and entities that individually, or in aggregate, do not meet the criteria of a separate reportable segment including bebe, Nogin (deconsolidated in March 2025), Atlantic Coast Recycling (sold in March 2025), and individual investment and lending entities.
Year Ended December 31, 2024Capital MarketsWealth ManagementLingomagicJackMarconi WirelessUOLConsumer ProductsTotal Reportable Segments
Corporate & All Other(1)
Total
Revenues - Services and fees$186,750 $197,468 $195,886 $41,247 $37,216 $15,133 $— $673,700 $109,604 $783,304 
Trading (losses) gains, net(41,710)3,278 — — — — — (38,432)(18,575)(57,007)
Fair value adjustment on loans(63)— — — — — — (63)(325,435)(325,498)
Interest income - loans1,829 — — — — — — 1,829 52,312 54,141 
Interest income - securities lending70,862 — — — — — — 70,862 — 70,862 
Revenues - Sale of goods— — — 1,598 3,991 — 202,597 208,186 12,433 220,619 
Total revenues217,668 200,746 195,886 42,845 41,207 15,133 202,597 916,082 (169,661)746,421 
Direct cost of services— — (131,725)(11,571)(17,821)(4,233)— (165,350)(48,551)(213,901)
Cost of goods sold— — (1)(1,495)(4,592)— (152,625)(158,713)(8,921)(167,634)
Employee compensation and benefits(118,933)(156,715)(22,259)(3,287)(3,091)(1,566)(39,650)(345,501)(86,107)(431,608)
Professional services(1,169)(2,814)(2,107)(1,605)(340)(50)(8,544)(16,629)(42,595)(59,224)
Occupancy-related costs(7,671)(11,464)(5,056)(1,849)(2,345)(668)(6,518)(35,571)(21,047)(56,618)
Depreciation and amortization(3,049)(4,177)(13,481)(3,525)(1,934)(2,517)(7,991)(36,674)(8,259)(44,933)
Other selling, general and administrative expenses(39,690)(19,146)(20,552)(1,082)(1,251)(371)(6,812)(88,904)(8,123)(97,027)
Restructuring charge— — (379)— — — (1,143)(1,522)— (1,522)
Impairment of goodwill and tradenames— — — — — — (31,681)(31,681)(73,692)(105,373)
Interest expense - Securities lending and loan participations sold(65,939)— — — — — — (65,939)(189)(66,128)
Segment (loss) income$(18,783)$6,430 $326 $18,431 $9,833 $5,728 $(52,367)$(30,402)$(467,145)$(497,547)
(1)
Corporate and All Other consists of general corporate administrative functions not allocable to reportable segments and operating segments and entities that individually, or in aggregate, do not meet the criteria of a separate reportable segment including bebe, Nogin (deconsolidated in March 2025), Atlantic Coast Recycling (sold in March 2025), and individual investment and lending entities.