v3.26.1
Cash, Cash Equivalents and Restricted Cash
6 Months Ended
Jun. 30, 2026
Cash, Cash Equivalents and Restricted Cash [Abstract]  
Cash, Cash Equivalents and Restricted Cash

4. Cash, Cash Equivalents and Restricted Cash

Of the total cash, cash equivalents and restricted cash of $294,814 and $311,732 at June 30, 2026 and December 31, 2025, respectively, $291,230 and $294,158 were held at three financial institutions. At June 30, 2026 and December 31, 2025, cash equivalents were approximately $120,282 and $161,063, respectively.

Certain of the Company’s subsidiaries are required to maintain a minimum level of regulatory capital, generally satisfied by cash on hand, which was $48,112 and $38,861 at June 30, 2026 and December 31, 2025, respectively. Of these amounts, $11,917 and $11,700, at June 30, 2026 and December 31, 2025, respectively, was restricted cash, which is required to be maintained in a separate account with withdrawal and usage restrictions in compliance with regulatory obligations.