v3.26.3
BUSINESS SEGMENTS - Schedule of reportable segments (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Total revenues $ 33,028 $ 277,871 $ 624,205 $ 689,236
Direct cost of services (27,120) (31,291) (88,186) (107,207)
Cost of goods sold (28,893) (35,001) (92,619) (106,847)
Employee compensation and benefits (68,055) (97,043) (243,809) (278,168)
Professional services (13,227) (11,885) (41,650) (41,763)
Occupancy-related costs (9,908) (11,529) (29,672) (38,131)
Depreciation and amortization (7,368) (8,434) (22,505) (27,080)
Other selling, general and administrative expenses (15,851) (15,001) (44,498) (68,507)
Restructuring charges (20) (184) (1,934) (505)
Impairment of tradename (1,200)   (5,200) [1] (1,500) [1]
Interest expense - Securities lending and loan participations sold (1,100) (2,094) (2,723) (4,781)
Operating (loss) income (139,714) 65,409 51,409 14,747
Services and fees        
Segment Reporting [Line Items]        
Total revenues 112,451 170,668 438,168 475,279
Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues (124,401) 53,012 33,534 64,521
Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 1,215 1,299 12,005 (5,997)
Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 1,509 2,094 5,394 9,143
Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 2,004 2,523 4,887 5,487
Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 40,250 48,275 130,217 140,803
Capital Markets        
Segment Reporting [Line Items]        
Restructuring charges     (1,777)  
Wealth Management        
Segment Reporting [Line Items]        
Restructuring charges     (29)  
Consumer Products        
Segment Reporting [Line Items]        
Restructuring charges     (128)  
Operating Segments        
Segment Reporting [Line Items]        
Operating (loss) income (139,714) 65,409 51,409 14,747
Operating Segments | Total Reportable Segments        
Segment Reporting [Line Items]        
Total revenues 28,005 258,468 569,143 619,823
Direct cost of services (23,851) (27,914) (78,432) (90,112)
Cost of goods sold (28,600) (34,633) (91,642) (102,527)
Employee compensation and benefits (54,957) (85,530) (203,662) (231,990)
Professional services (2,754) (2,914) (7,960) (8,726)
Occupancy-related costs (6,895) (8,033) (20,184) (26,606)
Depreciation and amortization (6,668) (7,591) (20,375) (23,739)
Other selling, general and administrative expenses (16,918) (16,424) (49,924) (64,187)
Restructuring charges (20) (184) (1,934) (220)
Impairment of tradename (1,200)   (5,200) (1,500)
Interest expense - Securities lending and loan participations sold (1,100) (1,998) (2,723) (4,147)
Operating (loss) income (114,958) 73,247 87,107 66,069
Operating Segments | Total Reportable Segments | Services and fees        
Segment Reporting [Line Items]        
Total revenues 108,177 154,848 396,385 418,351
Operating Segments | Total Reportable Segments | Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues (123,471) 53,127 35,542 62,922
Operating Segments | Total Reportable Segments | Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 1,182 0 1,933 (3,131)
Operating Segments | Total Reportable Segments | Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 87 0 1,121 65
Operating Segments | Total Reportable Segments | Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 2,004 2,523 4,887 5,487
Operating Segments | Total Reportable Segments | Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 40,026 47,970 129,275 136,129
Operating Segments | Capital Markets        
Segment Reporting [Line Items]        
Total revenues (90,213) 108,732 135,610 172,124
Direct cost of services 0 0 0 0
Cost of goods sold 0 0 0 0
Employee compensation and benefits (20,003) (39,070) (74,376) (90,033)
Professional services (953) (658) (1,849) (2,149)
Occupancy-related costs (1,478) (1,540) (4,709) (5,215)
Depreciation and amortization (91) (544) (565) (1,905)
Other selling, general and administrative expenses (6,182) (10,143) (19,298) (32,419)
Restructuring charges (20) 0 (1,777) 0
Impairment of tradename 0   0 0
Interest expense - Securities lending and loan participations sold (1,100) (1,998) (2,723) (4,147)
Operating (loss) income (120,040) 54,779 30,313 36,256
Operating Segments | Capital Markets | Services and fees        
Segment Reporting [Line Items]        
Total revenues 32,221 61,143 113,710 120,654
Operating Segments | Capital Markets | Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues (125,707) 45,066 13,959 49,049
Operating Segments | Capital Markets | Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 1,182 0 1,933 (3,131)
Operating Segments | Capital Markets | Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 87 0 1,121 65
Operating Segments | Capital Markets | Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 2,004 2,523 4,887 5,487
Operating Segments | Capital Markets | Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Wealth Management        
Segment Reporting [Line Items]        
Total revenues 24,327 42,403 134,455 128,302
Direct cost of services 0 0 0 0
Cost of goods sold 0 0 0 0
Employee compensation and benefits (21,257) (30,995) (85,710) (94,164)
Professional services (337) (749) (848) (1,740)
Occupancy-related costs (1,832) (3,137) (5,949) (11,132)
Depreciation and amortization (368) (397) (1,137) (1,814)
Other selling, general and administrative expenses (4,268) 65 (11,015) (11,857)
Restructuring charges 0 0 (29) 0
Impairment of tradename 0   0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating (loss) income (3,735) 7,190 29,767 7,595
Operating Segments | Wealth Management | Services and fees        
Segment Reporting [Line Items]        
Total revenues 22,091 34,342 112,872 114,429
Operating Segments | Wealth Management | Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues 2,236 8,061 21,583 13,873
Operating Segments | Wealth Management | Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Wealth Management | Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Wealth Management | Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Wealth Management | Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Lingo        
Segment Reporting [Line Items]        
Total revenues 36,185 39,690 115,763 121,150
Direct cost of services (19,330) (22,558) (64,299) (70,679)
Cost of goods sold 0 0 0 0
Employee compensation and benefits (3,961) (4,669) (12,552) (14,325)
Professional services (179) (45) (234) (388)
Occupancy-related costs (624) (751) (1,867) (2,366)
Depreciation and amortization (3,219) (3,340) (9,650) (9,986)
Other selling, general and administrative expenses (4,314) (4,363) (13,520) (14,116)
Restructuring charges 0 0 0 0
Impairment of tradename 0   0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating (loss) income 4,558 3,964 13,641 9,290
Operating Segments | Lingo | Services and fees        
Segment Reporting [Line Items]        
Total revenues 36,185 39,690 115,763 121,150
Operating Segments | Lingo | Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Lingo | Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Lingo | Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Lingo | Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Lingo | Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | magicJack        
Segment Reporting [Line Items]        
Total revenues 8,529 9,331 25,879 28,909
Direct cost of services (1,695) (1,847) (5,100) (5,705)
Cost of goods sold (268) (320) (824) (970)
Employee compensation and benefits (713) (759) (2,080) (2,265)
Professional services (313) (317) (939) (1,111)
Occupancy-related costs (349) (372) (1,046) (1,128)
Depreciation and amortization (846) (873) (2,539) (2,631)
Other selling, general and administrative expenses (177) (235) (759) (785)
Restructuring charges 0 0 0 0
Impairment of tradename 0   0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating (loss) income 4,168 4,608 12,592 14,314
Operating Segments | magicJack | Services and fees        
Segment Reporting [Line Items]        
Total revenues 8,226 9,038 24,980 27,957
Operating Segments | magicJack | Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | magicJack | Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | magicJack | Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | magicJack | Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | magicJack | Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 303 293 899 952
Operating Segments | Marconi Wireless        
Segment Reporting [Line Items]        
Total revenues 7,132 8,128 22,037 26,847
Direct cost of services (2,208) (2,463) (6,636) (10,497)
Cost of goods sold (532) (706) (1,558) (3,290)
Employee compensation and benefits (317) (745) (996) (2,247)
Professional services (74) (81) (225) (259)
Occupancy-related costs (448) (594) (1,379) (1,840)
Depreciation and amortization (470) (483) (1,409) (1,449)
Other selling, general and administrative expenses (347) (497) (1,024) (1,157)
Restructuring charges 0 0 0 0
Impairment of tradename 0   0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating (loss) income 2,736 2,559 8,810 6,108
Operating Segments | Marconi Wireless | Services and fees        
Segment Reporting [Line Items]        
Total revenues 6,664 7,418 20,568 24,024
Operating Segments | Marconi Wireless | Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Marconi Wireless | Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Marconi Wireless | Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Marconi Wireless | Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Marconi Wireless | Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 468 710 1,469 2,823
Operating Segments | UOL        
Segment Reporting [Line Items]        
Total revenues 2,790 3,217 8,492 10,137
Direct cost of services (618) (1,046) (2,397) (3,231)
Cost of goods sold 0 0 0 0
Employee compensation and benefits (198) (351) (529) (954)
Professional services (7) (4) (79) (44)
Occupancy-related costs (147) (174) (456) (527)
Depreciation and amortization (18) (58) (62) (194)
Other selling, general and administrative expenses (102) (107) (307) (306)
Restructuring charges 0 0 0 0
Impairment of tradename 0   0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating (loss) income 1,700 1,477 4,662 4,881
Operating Segments | UOL | Services and fees        
Segment Reporting [Line Items]        
Total revenues 2,790 3,217 8,492 10,137
Operating Segments | UOL | Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | UOL | Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | UOL | Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | UOL | Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | UOL | Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Consumer Products        
Segment Reporting [Line Items]        
Total revenues 39,255 46,967 126,907 132,354
Direct cost of services 0 0 0 0
Cost of goods sold (27,800) (33,607) (89,260) (98,267)
Employee compensation and benefits (8,508) (8,941) (27,419) (28,002)
Professional services (891) (1,060) (3,786) (3,035)
Occupancy-related costs (2,017) (1,465) (4,778) (4,398)
Depreciation and amortization (1,656) (1,896) (5,013) (5,760)
Other selling, general and administrative expenses (1,528) (1,144) (4,001) (3,547)
Restructuring charges 0 (184) (128) (220)
Impairment of tradename (1,200)   (5,200) (1,500)
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating (loss) income (4,345) (1,330) (12,678) (12,375)
Operating Segments | Consumer Products | Services and fees        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Consumer Products | Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Consumer Products | Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Consumer Products | Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Consumer Products | Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Consumer Products | Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 39,255 46,967 126,907 132,354
Corporate and All Other        
Segment Reporting [Line Items]        
Total revenues 5,023 19,403 55,062 69,413
Direct cost of services (3,269) (3,377) (9,754) (17,095)
Cost of goods sold (293) (368) (977) (4,320)
Employee compensation and benefits (13,098) (11,513) (40,147) (46,178)
Professional services (10,473) (8,971) (33,690) (33,037)
Occupancy-related costs (3,013) (3,496) (9,488) (11,525)
Depreciation and amortization (700) (843) (2,130) (3,341)
Other selling, general and administrative expenses 1,067 1,423 5,426 (4,320)
Restructuring charges 0 0 0 (285)
Impairment of tradename 0   0 0
Interest expense - Securities lending and loan participations sold 0 (96) 0 (634)
Operating (loss) income (24,756) (7,838) (35,698) (51,322)
Corporate and All Other | Services and fees        
Segment Reporting [Line Items]        
Total revenues 4,274 15,820 41,783 56,928
Corporate and All Other | Trading (losses) gains, net        
Segment Reporting [Line Items]        
Total revenues (930) (115) (2,008) 1,599
Corporate and All Other | Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 33 1,299 10,072 (2,866)
Corporate and All Other | Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 1,422 2,094 4,273 9,078
Corporate and All Other | Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Corporate and All Other | Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues $ 224 $ 305 $ 942 $ 4,674
[1] Amounts presented contain results from both continuing and discontinued operations. Refer to Note 5 - Discontinued Operations and Assets Held for Sale for additional information regarding cash flow associated with the results of discontinued operations.