Other assets, net and Other liabilities, net (Tables)

3 Months Ended

Mar. 31, 2026

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

The following table provides a breakdown of Other assets, net reported on the Condensed Consolidated Statements of Financial Position.


(Dollars in Thousands)	As of March 31, 2026		As of December 31, 2025
Fixed assets, net:
Leasehold improvements	$	18,731	$	18,705
Office equipment and furniture	5,809		5,653
Foreign currency translation adjustment	189		184
Accumulated depreciation	(7,449)		(6,852)
Fixed assets, net	17,280		17,690

Accrued income	15,108		18,409
Prepaid expenses	10,370		8,268
Sundry receivables	4,724		4,908
Other receivables	2,779		2,683
Third party receivables related to IRE	—		2,082
Other assets	2,367		2,406
Other assets, net (1)	$	52,628	$	56,446

(1) As of March 31, 2026 and December 31, 2025, these amounts include $0.2 million and $0.2 million, respectively, in receivables due from related parties. See Note 17 (Related Party Transactions) for further details.

Schedule of Other Liabilities

The following table provides a breakdown of Other liabilities, net reported on the Condensed Consolidated Statements of Financial Position.


(Dollars in Thousands)	As of March 31, 2026		As of December 31, 2025


Payroll taxes	1,162		1,754
Payroll	1,522		869
Corporation tax payable	2,347		2,532

Accrued legal	4,332		4,496
Other (1)	3,014		5,025


Other Liabilities, net (2)	$	12,377	$	14,676

(1) The other category is comprised primarily of miscellaneous payables and provisions.

(2) As of March 31, 2026 and December 31, 2025, these amounts include $0.8 million and $0.7 million, respectively, in liabilities due to related parties.