v3.26.1
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Calculation of the Purchase Price Consideration Transferred
The following tables and related disclosures summarize the components of the purchase consideration transferred, the allocation of the assets acquired, and liabilities assumed based on the fair values as of April 1, 2025, and the related estimated useful lives of the amortizable intangible assets acquired.
Calculation of the purchase price consideration transferred (in thousands, except share data):
April 1, 2025
Cash$318,859 
Fair value of Restricted Shares of BGC Class A common stock (268,257 shares)
2,507 
Other3,634 
Less: compensation arrangements with required future service periods(15,717)
Total purchase price consideration transferred
$309,283 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Allocation of the assets acquired and the liabilities assumed in the OTC Global acquisition are as follows (in thousands):
April 1, 2025
Cash and cash equivalents$23,394 
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers716 
Accrued commissions and other receivables, net91,256 
Loans, forgivable loans and other receivables from employees and partners, net13,476 
Fixed assets, net3,752 
Finite-lived intangible assets
219,200 
Investments838 
Other assets33,518 
Total identifiable assets acquired
386,150 
Accrued compensation86,038 
Accounts payable, accrued and other liabilities103,223 
Total liabilities assumed
189,261 
Net identifiable assets acquired
196,889 
Goodwill112,394 
Net assets acquired
$309,283 
Schedule of Business Combination, Pro Forma Information
The following unaudited pro forma summary of revenues and consolidated net income presents consolidated information of the Company as if the acquisition of OTC Global had occurred on January 1, 2025 (amounts in thousands). The unaudited pro forma results are not indicative of operations that would have been achieved, nor are they indicative of future results of operations. The unaudited pro forma results do not reflect any potential cost savings or other operational efficiencies that could result from the acquisition. However, the amounts have been calculated after applying the Company’s accounting policies and adjusting the results of OTC Global, which mainly consisted of removing approximately $1.0 million for the six months ended June 30, 2025, which had been applied under the Private Company Council Accounting Alternative for Goodwill and pursuant to ASC 350, Intangibles — Goodwill and Other.
Pro Forma Consolidated Income Statement (in thousands):
(unaudited)
Six Months Ended June 30, 2025
Pro forma revenues$1,564,233 
Pro forma consolidated net income$119,168