v3.26.1
Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Other assets, net at fair value $ 119,654 $ 76,146
Notes payable, carrying value 317,811 329,929
Payables and other liabilities at fair value $ 4,524 $ 12,547
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, authorized (in shares) 600,000,000 600,000,000
Preferred stock, issued (in shares) 50,000 50,000
Preferred stock, outstanding (in shares) 50,000 50,000
Convertible Notes Payable    
Notes payable, carrying value $ 36,889 $ 53,800
Class A Common Stock    
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, authorized (in shares) 6,000,000,000 6,000,000,000
Common stock, issued (in shares) 8,977,781 9,921,336
Common stock, outstanding (in shares) 8,551,931 7,899,344
Class B Common Stock    
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, authorized (in shares) 1,000,000 1,000,000
Common stock, issued (in shares) 12 14
Common stock, outstanding (in shares) 12 12
Working Capital Promissory Notes | Related Party    
Notes payable, carrying value $ 87,126 $ 87,126