v3.26.1
Investments (Tables)
3 Months Ended
Mar. 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments And Investments Carried Under the Measurement Alternative
Equity Method Investments and Investments Carried Under the Measurement Alternative
(dollar amounts in thousands)
Percent Ownership1
March 31,
2026
December 31, 2025
Advanced Markets Holdings25%$5,917 $2,978 
China Credit BGC Money Broking Company Limited33%24,318 23,031 
Freedom International Brokerage45%9,858 9,683 
Other1,128 1,042 
Equity method investments
$41,221 $36,734 
Investments carried under measurement alternative7,155 1,031 
Total equity method and investments carried under measurement alternative$48,376 $37,765 
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1Represents the Company’s voting interest in the equity method investment as of both March 31, 2026 and December 31, 2025.
Schedule of Investments in Variable Interest Entities
The following table sets forth the Company’s investment in its unconsolidated VIE and the maximum exposure to loss (in thousands):
March 31, 2026December 31, 2025
InvestmentMaximum Exposure to LossInvestmentMaximum Exposure to Loss
Variable interest entity$1,128 $1,128 $1,041 $1,041