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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 566,791 $ 655,641
Cash segregated under regulatory requirements 18,317 17,255
Financial instruments owned, at fair value 48,905 45,792
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers 1,517,757 350,036
Accrued commissions and other receivables, net 348,228 305,793
Loans, forgivable loans and other receivables from employees and partners, net 396,107 367,805
Fixed assets, net 176,786 178,300
Investments 40,233 38,314
Goodwill 506,548 506,344
Other intangible assets, net 206,355 211,285
Receivables from related parties 5,254 2,717
Other assets 544,371 496,655
Total assets 4,375,652 3,175,937
Liabilities, Redeemable Partnership Interest, and Equity    
Short-term borrowings 275,000 0
Accrued compensation 169,930 206,364
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 1,339,095 202,266
Payables to related parties 57,531 17,456
Accounts payable, accrued and other liabilities 664,264 668,189
Notes payable and other borrowings 944,961 1,183,506
Total liabilities 3,450,781 2,277,781
Commitments, contingencies and guarantees (Note 19)
Stockholders’ equity:    
Additional paid-in capital 2,162,454 2,105,130
Treasury stock, at cost: 25,184,870 and 13,479,847 shares of Class A common stock at March 31, 2024 and December 31, 2023, respectively (137,455) (67,414)
Retained deficit (1,074,819) (1,119,182)
Accumulated other comprehensive income (loss) (43,270) (38,582)
Total stockholders’ equity 912,108 885,083
Noncontrolling interest in subsidiaries 12,763 13,073
Total equity 924,871 898,156
Total liabilities, redeemable partnership interest, and equity 4,375,652 3,175,937
Class A Common Stock    
Stockholders’ equity:    
Common stock value 4,103 4,036
Class B Common Stock    
Stockholders’ equity:    
Common stock value $ 1,095 $ 1,095