v3.26.1
Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 377,302 $ 519,734
Cash segregated under federal regulations 49,053 48,722
Investments, at fair value 170,808 170,677
Accounts receivable, net of allowance of $752 and $743 as of March 31, 2026 and December 31, 2025, respectively 128,171 100,989
Receivables from broker-dealers, clearing organizations and customers, including $75,072 pledged as collateral as of March 31, 2026 977,049 489,211
Goodwill 283,667 283,667
Intangible assets, net of accumulated amortization 105,281 110,629
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization 111,642 112,431
Operating lease right-of-use assets 50,986 51,854
Prepaid expenses and other assets 47,577 46,972
Total assets 2,301,536 1,934,886
Liabilities    
Accrued employee compensation 34,738 73,879
Payables to broker-dealers, clearing organizations and customers 696,302 325,959
Borrowings 228,250 220,000
Income and other tax liabilities 35,503 49,267
Accounts payable, accrued expenses and other liabilities 39,115 42,584
Operating lease liabilities 63,711 64,938
Total liabilities 1,097,619 776,627
Commitments and Contingencies (Note 13)
Redeemable noncontrolling interest 13,520 12,592
Stockholders' equity    
Preferred stock 0 0
Common stock 124 123
Additional paid-in capital 365,428 305,923
Treasury stock - Common stock voting, at cost, 5,698,972 shares and 5,344,419 shares as of March 31, 2026 and December 31, 2025, respectively (752,333) (694,764)
Retained earnings 1,588,852 1,538,746
Accumulated other comprehensive income/(loss) (11,674) (4,361)
Total stockholders' equity 1,190,397 1,145,667
Total liabilities, redeemable noncontrolling interest and stockholders' equity 2,301,536 1,934,886
Series A Preferred Stock [Member]    
Stockholders' equity    
Preferred stock $ 0 $ 0