v3.26.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 304,231 $ 809,415
Receivables from brokers, dealers and clearing organizations 205,275 53,612
Financial instruments and other inventory positions owned 558,084 502,270
Investments (including noncontrolling interests of $195,032 and $216,838, respectively) 307,238 322,518
Fixed assets (net of accumulated depreciation and amortization of $98,277 and $89,312, respectively) 77,538 77,329
Right-of-use lease assets 122,488 64,004
Goodwill 319,258 319,258
Intangible assets (net of accumulated amortization of $174,889 and $170,774, respectively) 96,624 99,598
Net deferred income tax assets 147,102 156,124
Other assets 189,018 188,518
Total assets 2,326,856 2,592,646
Liabilities and Shareholders' Equity    
Short-term financing 15,000 15,000
Payables to brokers, dealers and clearing organizations 2,000 22,358
Financial instruments and other inventory positions sold, but not yet purchased 80,545 48,514
Accrued compensation 400,033 702,847
Accrued lease liabilities 160,009 101,351
Other liabilities and accrued expenses 101,845 119,783
Total liabilities 759,432 1,009,853
Shareholders’ equity (1):    
Common stock, $0.01 par value: Shares authorized: 400,000,000; Shares issued: 78,131,703 and 78,250,916, respectively; Shares outstanding: 67,549,449 and 67,483,432, respectively 779 779 [1]
Additional paid-in capital 1,010,866 957,145 [1]
Retained earnings 733,988 728,931
Less: Common stock held in treasury, at cost: 10,582,254 shares and 10,767,484 shares, respectively (374,580) (318,581)
Accumulated other comprehensive income 1,696 2,733
Total common shareholders' equity 1,372,749 1,371,007
Noncontrolling interests 194,675 211,786
Total shareholders' equity 1,567,424 1,582,793
Total liabilities and shareholders' equity 2,326,856 2,592,646
Asset Not Pledged as Collateral    
Assets    
Financial instruments and other inventory positions owned 462,844 435,204
Asset Pledged as Collateral    
Assets    
Financial instruments and other inventory positions owned $ 95,240 $ 67,066
[1] Common shares information and additional paid-in capital have been adjusted to reflect the four-for-one forward split of common stock, as discussed in Note 1.