v3.26.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net income (loss) $ 8,390 $ (2,882)
Net income (loss) from discontinued operations, net of tax 0 (6,919)
Net income (loss) from continuing operations 8,390 4,037
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities from continuing operations:    
Depreciation and amortization 4,706 4,349
Unrealized (gain) loss on investments (5,609) 1,678
Realized (gain) loss on investments 0 2,525
Fair value (gain) loss on TRA (201) (304)
Fair value (gain) loss on earnout liability (9,581) (12,583)
Fair value gain (loss) on preferred stock tranche liability (1,000) (2,540)
Deferred income tax (benefit) expense (1,445) (1,942)
Equity-settled share-based payments 8,111 7,342
(Increase) decrease in fees receivable 31,133 (40)
(Increase) decrease in other assets 2,929 (2,022)
Operating cash flow from operating leases 69 874
Increase (decrease) in accounts payable and accrued expenses (7,384) (6,248)
Increase (decrease) in accrued compensation and profit sharing (25,643) (22,677)
Increase (decrease) in other liabilities 783 (2,861)
Net cash provided by (used in) operating activities from continuing operations 5,311 (30,356)
Cash Flows from Investing Activities    
Purchases of investments (10) (26)
Sales of investments 10 170
Proceeds from Pointwise warehousing transaction 0 20,449
Loss on disposal of intangible assets 0 (9)
Purchases of fixed assets 0 (782)
Net cash provided by investing activities from continuing operations 0 19,802
Cash Flows from Financing Activities    
Payments on term notes and lines of credit (818) 0
Repurchase of common stock (5,691) (2,838)
Net cash used in financing activities from continuing operations (6,509) (2,838)
Cash Flows from Discontinued Operations:    
Net cash provided by (used in) operating activities from discontinued operations 0 188
Net cash provided by (used in) investing activities from discontinued operations 0 115
Net cash provided by discontinued operations 0 303
Net increase (decrease) in cash and cash equivalents, including discontinued operations (1,198) (13,089)
Effect of exchange rate changes on cash and cash equivalents, including discontinued operations (245) 436
Cash and cash equivalents, including discontinued operations, at beginning of the period 41,158 65,494
Cash and cash equivalents, including discontinued operations, at end of the period 39,715 52,841
Cash and cash equivalents 39,715 52,841
Reconciliation of balance sheet cash and cash equivalents to cash flows:    
Cash and cash equivalents on balance sheet 39,715 51,611
Cash and cash equivalents included in Assets held for sale 0 1,230
Cash and cash equivalents, including cash in Assets held for sale 39,715 52,841
Supplemental Disclosure of Cash Flow Information    
Income taxes 155 199
Interest payments on term notes and lines of credit 14 0
Shareholder Loan    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities from continuing operations:    
Forgiveness of debt shareholder loan $ 53 $ 56