v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities    
Net income $ 31,660 $ 37,356
Adjustments to reconcile net income from operating activities:    
Depreciation and amortization 9,879 6,114
Amortization of deferred acquisition costs 2,264 70,018
Non-cash lease expense 6,240 4,046
Change in deferred taxes (21,149) (5,463)
Stock compensation expense 23,235 23,054
Unrealized gain on trading securities (54,499) (37,736)
Unrealized (gain)/loss on derivatives (1,524) 1,954
Net realized (gain)/loss on available-for-sale securities (238) 174
Net change in accrued interest (54,143) 19,796
Gain from sale of Comrun LLP 0 (1,613)
Change in insurance reserves 112,536 53,777
Revaluation of investment in associates 123 79
Change in unused vacation reserves 2,225 1,266
Allowance for expected credit losses 17,659 4,822
Other non-cash expense/(income) 710 (85)
Changes in operating assets and liabilities:    
Trading securities (548,723) 227,270
Margin lending, brokerage and other receivables (including $12,293 and $15,797 changes from related parties) 745,444 449,567
Insurance contract assets (15,172) 6,653
Other assets (36,533) (101,183)
Brokerage customer liabilities (including $18,698 and $40,843 changes from related parties) (508,231) 49,788
Current income tax liability 18,935 10,283
Margin lending and trade payables (including $184 and $252 changes from related parties) (150,637) (352,399)
Lease liabilities (6,135) (3,850)
Liabilities from insurance activity (3,313) (5,191)
Other liabilities 87,763 22,334
Net cash flows (used in)/from operating activities (341,624) 480,831
Cash Flows Used In Investing Activities    
Purchase of fixed assets (79,140) (26,356)
Purchase of intangible assets (15,801) (4,431)
Net change in loans issued to customers 19,589 (205,794)
Purchase of available-for-sale securities, at fair value (132,730) (40,740)
Proceeds from sale of available-for-sale securities, at fair value 20,837 13,525
Purchase of held-to-maturity securities (85,644) (239,241)
Capital contribution to investment in associate (40) (20)
Cash, cash equivalents disposed from sale of subsidiaries 0 (55)
Consideration paid for acquisitions (4,875) (10,082)
Cash, cash equivalents and restricted cash received from acquisitions 2,439 7,678
Net cash flows used in investing activities (275,365) (505,516)
Cash Flows From Financing Activities    
Proceeds from private placement 300,000 0
Net proceeds/(repayment) of securities repurchase agreement obligations 233,380 (308,030)
Proceeds from issuance of debt securities 210,009 199,204
Net change in bank customer deposits 475,222 196,178
Settlement and repurchase of mortgage loans under the State Program (16,420) (12,952)
Funds received under state program for financing of mortgage loans 20,225 16,223
Net (repayment)/proceeds from loans received (5,718) 32,758
Net cash flows from financing activities 1,216,698 123,381
Effect of changes in foreign exchange rates on cash and cash equivalents 12,196 (74,207)
Effect of expected credit losses on cash and cash equivalents and restricted cash (86) (393)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 611,819 24,096
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 2,212,427 1,644,770
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 2,824,246 $ 1,668,866