Note 12 - Revenue |
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| Revenue from Contract with Customer [Text Block] |
Note 12. Revenue
Disaggregation of Revenue
For the three and six months ended June 30, 2026 and 2025 total revenue and revenue related to contracts with customers within the scope of Topic 606 were ($ in thousands):
Revenue Recognized at a Point in Time
The Company recognizes revenue that is transactional in nature and such revenue is earned at a point in time. For the six months ended June 30, 2026, revenue that was recognized at a point in time includes underwriting services of $40.9 million, carried interest of $2.7 million, commissions of $9.1 million and principal transactions losses of $1.6 million consisting of $3.3 million of realized gains and $4.9 million of unrealized losses. For the six months ended June 30, 2025, revenue that is recognized at a point in time includes underwriting services of $25.8 million, carried interest of $10.5 million , commissions of $7.8 million, and principal transactions of $1.2 million consisting of $2.6 million of realized gains and $3.8 million of unrealized losses.
Revenue Recognized Over Time
The Company recognizes revenue over a period of time, generally monthly on a straight-line basis, as services are performed, and performance obligations are satisfied. For the six months ended June 30, 2026, revenue that is recognized over time includes other revenue of $447 thousand, management fees of $574 thousand, interest income from customers of $150 thousand, and interest income-noncustomers of $436 thousand. For the six months ended June 30, 2025, revenue that was recognized over time includes other revenue of $437 thousand, management fees of $180 thousand, and interest income from customers of $121 thousand and interest income from non-customers of $259 thousand.
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