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Business Segment and Revenues Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Reportable Segment Financial Results

The components of net revenues are as follows:

									Year Ended December 31,
(Amounts in thousands)															2025						2024						2023
Revenues
Revenues from contracts with customers:
Investment banking:
Advisory services															$	1,037,959					$	808,746					$	709,316
Corporate financing															217,156						173,876						131,077
Municipal financing															145,751						122,513						83,419
Total investment banking															1,400,866						1,105,135						923,812
Institutional brokerage:
Equity brokerage															230,273						215,275						209,512
Fixed income services															202,925						186,167						168,027
Total institutional brokerage															433,198						401,442						377,539
Total revenues from contracts with customers															1,834,064						1,506,577						1,301,351
Interest income															36,904						32,908						26,723
Investment income/(loss)															33,249						(7,890)						30,039
Total revenues															1,904,217						1,531,595						1,358,113
Interest expense															4,841						5,681						10,146
Net revenues															$	1,899,376					$	1,525,914					$	1,347,967

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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