v3.26.1
Segment Information
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information
12.
SEGMENT INFORMATION

The Company, together with its subsidiaries, conducts its business and generates substantially all of its revenues in the United States through one operating and reportable segment. The Company’s single reportable segment reflects the allocation of the entity’s resources, operational decision-making and assessment of financial performance by the Company’s chief operating decision makers (the “CODM”) using a consolidated, ‘one-firm approach,’ with a single expense pool.

The Company’s CODM is the operational leadership group, which includes the chief executive officer, president, chief financial officer and chief legal and compliance officer. The CODM reviews the Company’s assets using the same categorization as presented in the Consolidated Statements of Financial Condition. The CODM utilizes net income (loss) as presented in the Consolidated Statements of Operations as the primary financial measure for assessing the performance of the Company, monitoring budget versus actual results and determining discretionary compensation. The CODM also reviews the Company’s significant expenses at a level consistent with that which is presented in the Consolidated Statements of Operations.