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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Basic Earnings Per Share
The following is the calculation of the Company’s basic EPS (in thousands, except per share data):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Basic earnings (loss) per share:
Net income (loss) available to common stockholders$27,882 $14,747 $140,591 $101,785 
Less: Dividends declared and allocation of undistributed earnings to participating securities(1,114)(555)(5,892)(4,919)
Net income (loss) attributable to common stockholders
$26,768 $14,192 $134,699 $96,866 
Basic weighted-average shares of common stock outstanding474,642 473,435 477,965 473,076 
Basic earnings (loss) per share$0.06 $0.03 $0.28 $0.20 
Schedule of Fully Diluted Earnings Per Share
The following is the calculation of the Company’s fully diluted EPS (in thousands, except per share data):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Fully diluted earnings (loss) per share:
Net income (loss) attributable to common stockholders
$26,768 $14,192 $134,699 $96,866 
Add back: Allocations of undistributed earnings to participating securities799 243 4,993 4,065 
Less: Reallocation of undistributed earnings to participating securities
(793)(241)(4,945)(4,016)
Net income (loss) for fully diluted shares$26,774 $14,194 $134,747 $96,915 
Weighted-average shares:
Common stock outstanding474,642 473,435 477,965 473,076 
Other1
3,838 5,217 4,897 6,085 
Fully diluted weighted-average shares of common stock outstanding
478,480 478,652 482,862 479,161 
Fully diluted earnings (loss) per share
$0.06 $0.03 $0.28 $0.20 
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1Primarily consists of contracts to issue shares of BGC common stock.