v3.26.3
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 580,548 $ 809,415
Receivables from brokers, dealers and clearing organizations 63,730 53,612
Financial instruments and other inventory positions owned 510,698 502,270
Investments (including noncontrolling interests of $184,301 and $216,838, respectively) 294,632 322,518
Fixed assets (net of accumulated depreciation and amortization of $103,186 and $89,312, respectively) 93,253 77,329
Right-of-use lease assets 123,959 64,004
Goodwill 319,258 319,258
Intangible assets (net of accumulated amortization of $176,946 and $170,774, respectively) 94,567 99,598
Net deferred income tax assets 158,937 156,124
Other assets 191,977 188,518
Total assets 2,431,559 2,592,646
Liabilities and Shareholders' Equity    
Short-term financing 15,000 15,000
Payables to brokers, dealers and clearing organizations 7,522 22,358
Financial instruments and other inventory positions sold, but not yet purchased 62,519 48,514
Accrued compensation 527,384 702,847
Accrued lease liabilities 163,703 101,351
Other liabilities and accrued expenses 93,389 119,783
Total liabilities 869,517 1,009,853
Shareholders’ equity (1):    
Common stock, $0.01 par value: Shares authorized: 400,000,000; Shares issued: 78,133,333 and 78,250,916, respectively; Shares outstanding: 67,093,685 and 67,483,432, respectively 779 779 [1]
Additional paid-in capital 1,015,871 957,145 [1]
Retained earnings 775,363 728,931
Less: Common stock held in treasury, at cost: 11,039,648 shares and 10,767,484 shares, respectively (411,390) (318,581)
Accumulated other comprehensive income 2,001 2,733
Total common shareholders' equity 1,382,624 1,371,007
Noncontrolling interests 179,418 211,786
Total shareholders' equity 1,562,042 1,582,793
Total liabilities and shareholders' equity 2,431,559 2,592,646
Asset Not Pledged as Collateral    
Assets    
Financial instruments and other inventory positions owned 445,291 435,204
Asset Pledged as Collateral    
Assets    
Financial instruments and other inventory positions owned $ 65,407 $ 67,066
[1] Common shares information and additional paid-in capital have been adjusted to reflect the four-for-one forward split of common stock, as discussed in Note 1.