v3.26.1
Prepaid Expenses and Other Assets - Schedule of Prepaid Expenses and Other Assets (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jul. 21, 2025
Jun. 30, 2025
Dec. 31, 2024
Prepaid expenses and other current assets          
Cash collateral pledged $ 0 $ 16,400      
Prepaid expenses 10,856 14,164      
Stablecoin 21,927 12,491      
Prefunded clearing advance 4,500 4,500      
Equity securities 228 357      
Derivative assets 212 69      
Loan receivables 2,868 0      
Other 2,899 4,159      
Total prepaid expenses and other current assets 43,490 52,140      
Other non-current assets          
Lease right-of-use assets, net $ 11,366 $ 18,559      
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Total other non-current assets Total other non-current assets      
Strategic investments $ 8,599 $ 9,428   $ 9,568 $ 10,638
Warrant derivative 559 851      
Warrant receivable 6,493 6,493 $ 10,800    
Other 5,851 5,377      
Total other non-current assets 32,868 40,708      
Contract asset vested $ 4,300 $ 4,300      
Empery Common Stock          
Other non-current assets          
Percentage of warrant vesting conditions met 40.00% 40.00%