Segments - Schedule of Financial Information by Segment (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Segment Reporting [Line Items] | ||||
| Revenues | $ 225,693 | $ 149,658 | $ 383,493 | $ 281,866 |
| Compensation and benefits | 145,782 | 70,798 | 241,879 | 141,127 |
| Non-compensation expenses | 95,791 | 46,717 | 151,547 | 85,685 |
| Total operating income (loss) | (15,880) | 32,143 | (9,933) | 55,054 |
| Other income (expense), net | (5,549) | 1,727 | (9,508) | 3,609 |
| Income (loss) before income taxes | (21,429) | 33,870 | (19,441) | 58,663 |
| Investment Banking Advisory | ||||
| Segment Reporting [Line Items] | ||||
| Revenues | 177,746 | 114,152 | 287,591 | 207,718 |
| Compensation and benefits | 111,807 | 60,292 | 190,313 | 118,289 |
| Non-compensation expenses | 80,330 | 35,292 | 123,967 | 65,678 |
| Total operating income (loss) | (14,391) | 18,568 | (26,689) | 23,751 |
| Valuations and Opinions | ||||
| Segment Reporting [Line Items] | ||||
| Revenues | 47,947 | 35,506 | 95,902 | 74,148 |
| Compensation and benefits | 33,975 | 10,506 | 51,566 | 22,838 |
| Non-compensation expenses | 15,461 | 11,425 | 27,580 | 20,007 |
| Total operating income (loss) | $ (1,489) | $ 13,575 | $ 16,756 | $ 31,303 |
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- Definition Non-Compensation Expenses No definition available.
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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