v3.26.3
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Securities and other investments owned [1] $ 307,830 $ 382,461
Accounts receivable, net of allowance for credit losses 5,560 6,108
Loans receivable, at fair value 10,798 26,303
Warrant liabilities, current [1] $ 190 $ 6,400
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized (in shares) 1,000,000 1,000,000
Preferred stock, shares issued (in shares) 4,563 4,563
Preferred stock, shares outstanding (in shares) 4,563 4,563
Preferred stock, liquidation preference $ 128,187 $ 122,142
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock, shares issued (in shares) 40,199,755 30,597,066
Common stock, shares outstanding (in shares) 40,199,755 30,597,066
Cash [1] $ 144,072 $ 226,601
Securities and other investments owned, at fair value [1] 369,818 446,843
Prepaid expenses and other assets [1] 117,961 128,650
Accrued expenses and other liabilities [1] 125,198 154,780
Noncontrolling interest [1] 53,145 51,271
Variable Interest Entity, Primary Beneficiary    
Cash 1,046 446
Securities and other investments owned, at fair value 671 682
Prepaid expenses and other assets 3,064 3,737
Accrued expenses and other liabilities 28 28
Noncontrolling interest 4,119 4,192
Related Party    
Loans receivable, at fair value $ 1,086 $ 2,835
[1]
(1) At September 30, 2026 and December 31, 2025, the balance sheet includes cash of $1,046 and $446, securities and other investments owned, at fair value of $671 and $682, prepaid and other expenses of $3,064 and $3,737, accrued expenses and other liabilities of $28 and $28, and noncontrolling interest of $4,119 and $4,192, respectively, of consolidated variable interest entities (see Note 3 - Variable Interest Entities).