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v3.25.4

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Receivables from broker-dealers and clearing organizations | $ 1,896,405 | $ 1,100,850
Accumulated depreciation | 437,002 | 380,202
Intangibles, accumulated amortization | 475,592 | 428,460
Fair value of other assets | 242,121 | 158,326
Payables to broker dealers and clearing organizations | $ 998,276 | $ 918,566
Treasury stock, shares (in shares) | 55,957,738 | 52,503,426
Interest Rate Swap |  |
Payables to broker dealers and clearing organizations |  | $ 2,572
Fair Value |  |
Receivables from broker-dealers and clearing organizations | $ 1,567,471 | 1,049,255
Payables to broker dealers and clearing organizations | 817,004 | 781,830
Fair Value | Interest Rate Swap |  |
Receivables from broker-dealers and clearing organizations | 328,934 | 51,595
Payables to broker dealers and clearing organizations | $ 181,272 | $ 136,736
Class A Common Stock |  |
Common stock, par value (in dollars per share) | $ 0.00001 | $ 0.00001
Common stock, shares authorized (in shares) | 1,000,000,000 | 1,000,000,000
Common stock, shares issued (in shares) | 140,877,669 | 137,479,751
Common stock, shares outstanding (in shares) | 84,919,931 | 84,976,325
Class B Common Stock |  |
Common stock, par value (in dollars per share) | $ 0.00001 | $ 0.00001
Common stock, shares authorized (in shares) | 175,000,000 | 175,000,000
Common stock, shares issued (in shares) | 0 | 0
Common stock, shares outstanding (in shares) | 0 | 0
Class C Common Stock |  |
Common stock, par value (in dollars per share) | $ 0.00001 | $ 0.00001
Common stock, shares authorized (in shares) | 90,000,000 | 90,000,000
Common stock, shares issued (in shares) | 7,970,185 | 8,561,970
Common stock, shares outstanding (in shares) | 7,970,185 | 8,561,970
Class D Common Stock |  |
Common stock, par value (in dollars per share) | $ 0.00001 | $ 0.00001
Common stock, shares authorized (in shares) | 175,000,000 | 175,000,000
Common stock, shares issued (in shares) | 60,091,740 | 60,091,740
Common stock, shares outstanding (in shares) | 60,091,740 | 60,091,740

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