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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Commissions $ 407,095 $ 350,305 $ 1,217,348 $ 1,076,313
Principal transactions 93,551 84,725 304,839 294,537
Fees from related parties 5,106 3,723 14,170 11,742
Data, network and post-trade 32,661 27,797 94,376 81,919
Interest and dividend income 16,944 10,150 43,853 28,836
Other revenues 5,754 5,994 15,900 15,294
Total revenues 561,111 482,694 1,690,486 1,508,641
Expenses:        
Compensation and employee benefits 271,307 233,087 834,139 743,688
Equity-based compensation and allocations of net income to limited partnership units and FPUs 85,690 69,268 247,978 277,285
Total compensation and employee benefits 356,997 302,355 1,082,117 1,020,973
Occupancy and equipment 45,195 40,028 126,960 121,681
Fees to related parties 8,251 7,046 23,475 23,477
Professional and consulting fees 20,184 13,734 47,248 44,254
Communications 30,416 29,222 90,596 84,974
Selling and promotion 17,376 14,939 51,861 44,875
Commissions and floor brokerage 17,539 14,755 52,345 46,181
Interest expense 25,125 20,780 66,812 56,436
Other expenses 26,955 22,030 54,847 47,759
Total expenses 548,038 464,889 1,596,261 1,490,610
Other income (losses), net:        
Gains (losses) on equity method investments 2,360 2,094 6,894 6,568
Other income (loss) 4,276 3,967 44,852 1,221
Total other income (losses), net 6,636 6,061 51,746 7,789
Income (loss) from operations before income taxes 19,709 23,866 145,971 25,820
Provision (benefit) for income taxes 5,996 5,314 46,042 8,308
Consolidated net income (loss) 13,713 18,552 99,929 17,512
Less: Net income (loss) attributable to noncontrolling interest in subsidiaries (1,034) 1,506 (1,856) 1,192
Net income (loss) available to common stockholders 14,747 17,046 101,785 16,320
Basic earnings (loss) per share        
Net income (loss) attributable to common stockholders $ 14,192 $ 15,974 $ 96,866 $ 15,248
Basic earnings (loss) per share (in dollars per share) $ 0.03 $ 0.03 $ 0.20 $ 0.04
Basic weighted-average shares of common stock outstanding (in shares) 473,435 468,544 473,076 412,178
Fully diluted earnings (loss) per share        
Net income (loss) for fully diluted shares $ 14,194 $ 15,989 $ 96,915 $ 15,107
Fully diluted earnings (loss) per share (in dollars per share) $ 0.03 $ 0.03 $ 0.20 $ 0.03
Fully diluted weighted-average shares of common stock outstanding (in shares) 478,652 477,545 479,161 494,545