v3.26.1
VARIABLE INTEREST ENTITIES - Schedule of assets and liabilities transferred to the BRC trust (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jan. 06, 2025
Dec. 31, 2024
Assets:      
Cash and cash equivalents [1] $ 226,601   $ 146,852
Securities and other investments owned, at fair value [1] 446,843   282,325
Prepaid expenses and other assets [1] 128,650   157,429
Total assets 1,706,592   1,783,263
Liabilities:      
Accrued expenses and other liabilities [1] 154,780   185,745
Total liabilities 1,826,854   2,239,279
Noncontrolling interest [1] 51,271   $ 32,159
Variable Interest Entity, Primary Beneficiary      
Assets:      
Cash and cash equivalents 446 $ 359  
Securities and other investments owned, at fair value 682 577  
Loans receivable, at fair value 0 10,276  
Prepaid expenses and other assets 3,737 3,497  
Total assets 4,865 14,709  
Liabilities:      
Accrued expenses and other liabilities 28 290  
Total liabilities 28 290  
Noncontrolling interest $ 4,192 $ 12,494  
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Total assets Total assets  
[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).