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Subsequent Events | 9 Months Ended
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Sep. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Third Quarter 2025 Dividend On November 5, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.02 per share for the third quarter of 2025, payable on December 10, 2025 to BGC Class A and Class B common stockholders of record as of November 26, 2025. Completion of Howard W. Lutnick Divestiture On October 6, 2025, Mr. Howard W. Lutnick, the U.S. Secretary of Commerce and the Company’s former Chief Executive Officer and former Chairman of the Company’s Board, completed his previously announced divestiture of his holdings in the Company in connection with his appointment as the U.S. Secretary of Commerce. Mr. Howard W. Lutnick no longer has any voting or dispositive power over any of the securities of the Company. On October 6, 2025, the following transactions closed in connection with the previously announced divestiture: •The purchase by the Purchaser Trusts from Mr. Howard W. Lutnick, in his capacity as trustee of a trust, of all of the voting shares of CFGM, which is the managing general partner of Cantor, for an aggregate purchase price of $200,000, using cash on hand at the Purchaser Trusts. •The purchase by Cantor of 8,973,721 shares of BGC Class B common stock held directly by Mr. Howard W. Lutnick for a price per share of $9.2082, less $0.032 per share for the after-tax portion of paid and payable dividends to him, using cash on hand at Cantor, which represents all of the shares of BGC Class B common stock that had been held by him. •The purchase by certain other trusts controlled by Mr. Brandon G. Lutnick from Mr. Howard W. Lutnick, in his capacity as trustee of certain trusts, of certain interests, including all outstanding equity interests in Tangible Benefits, LLC, a Delaware limited liability company, and KBCR Management Partners, LLC, a Delaware limited liability company, that each hold shares of the Company, for an aggregate purchase price of $13,096,795.70, using cash on hand at the purchasing trusts. •The repurchase by the Company of 337,765 shares of BGC Class A common stock beneficially owned by Mr. Howard W. Lutnick and originating from retirement accounts, including certain shares held by his spouse. The repurchase was made pursuant to the Company’s existing stock repurchase authorization, most recently reapproved by the Board and by the Audit Committee in October 2024, and the repurchase of these shares pursuant to such existing authorization was expressly approved by the Audit Committee in connection therewith. Exchange Offer for BGC Group 6.150% Senior Notes The exchange offer for the BGC Group 6.150% Senior Notes expired on October 3, 2025, and the tendered BGC Group 6.150% Senior Notes were exchanged for new registered notes. Purchase of Equity Securities On October 22, 2025, the Company purchased equity securities for $20.8 million. These equity securities do not have a readily determinable fair value and are accounted for under the measurement alternative in accordance with ASC 321, Investments—Equity Securities. The equity securities are included in “Other assets” in the Company’s unaudited Condensed Consolidated Statements of Financial Condition.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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