| ACCOUNTS RECEIVABLE |
ACCOUNTS RECEIVABLE The components of accounts receivable, net, from revenue from contracts with customers include the following: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | Accounts receivable | $ | 52,180 | | | $ | 52,631 | | | Investment banking fees, commissions and other receivables | 15,411 | | | 8,950 | | | Total accounts receivable | 67,591 | | | 61,581 | | | Allowance for credit losses | (6,209) | | | (6,108) | | | Accounts receivable, net | $ | 61,382 | | | $ | 55,473 | |
Additions and changes to the allowance for credit losses consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Balance, beginning of period | $ | 6,450 | | | $ | 5,343 | | | $ | 6,108 | | | $ | 6,100 | | | Changes to reserve | 517 | | | 831 | | | 873 | | | 1,614 | | | Other adjustments and write-offs | (758) | | | (152) | | | (772) | | | (1,675) | | | Recoveries | — | | | — | | | — | | | (17) | | | Balance, end of period | $ | 6,209 | | | $ | 6,022 | | | $ | 6,209 | | | $ | 6,022 | |
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