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v3.25.1

SEGMENT INFORMATION - Select Financial Information (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Segment Reporting Information [Line Items] |  |
Net Revenue | $ 648,051 | $ 764,753
Adjusted Compensation and Benefits Expense | 421,286 | 492,733
Adjusted Non-compensation Expense | 147,882 | 134,293
Other Segment Items | (4,866) | (18,188)
Adjusted Operating Income (Loss) | 74,017 | 119,539
Interest income (included in net revenue) | 11,662 | 11,471
Depreciation and amortization of property (included in adjusted non-compensation expense) | 8,431 | 9,089
Financial Advisory |  |
Segment Reporting Information [Line Items] |  |
Net Revenue | 367,359 | 453,507
Adjusted Compensation and Benefits Expense | 239,968 | 302,080
Adjusted Non-compensation Expense | 52,561 | 47,865
Other Segment Items | 2,184 | (6,873)
Adjusted Operating Income (Loss) | 77,014 | 96,689
Interest income (included in net revenue) | 1,197 | 966
Depreciation and amortization of property (included in adjusted non-compensation expense) | 2,010 | 2,249
Asset Management |  |
Segment Reporting Information [Line Items] |  |
Net Revenue | 288,100 | 295,476
Adjusted Compensation and Benefits Expense | 142,827 | 150,698
Adjusted Non-compensation Expense | 59,211 | 55,575
Other Segment Items | (23,606) | (19,542)
Adjusted Operating Income (Loss) | 62,456 | 69,661
Interest income (included in net revenue) | 2,447 | 3,711
Depreciation and amortization of property (included in adjusted non-compensation expense) | 1,381 | 1,289
Corporate |  |
Segment Reporting Information [Line Items] |  |
Net Revenue | (7,408) | 15,770
Adjusted Compensation and Benefits Expense | 38,491 | 39,955
Adjusted Non-compensation Expense | 36,110 | 30,853
Other Segment Items | 16,556 | 8,227
Adjusted Operating Income (Loss) | (65,453) | (46,811)
Interest income (included in net revenue) | 8,018 | 6,794
Depreciation and amortization of property (included in adjusted non-compensation expense) | $ 5,040 | $ 5,551

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