XML 69 R53.htm IDEA: XBRL DOCUMENT v3.25.1
Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Recurring [Member]    
Assets:    
Cash equivalents $ 90,896 $ 48,336
Total 176,945 134,462
Cash equivalents 90,896 48,336
Non-recurring fair value measurements:    
Cash equivalents 90,896 48,336
Fair Value, Recurring [Member] | U.S. treasuries [Member]    
Assets:    
Financial instruments owned, at fair value 5,647 5,251
Financial instruments owned, at fair value 5,647 5,251
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 5,647 5,251
Fair Value, Recurring [Member] | Equities [Member]    
Assets:    
Financial instruments owned, at fair value 8,023 8,478
Financial instruments owned, at fair value 8,023 8,478
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 8,023 8,478
Fair Value, Recurring [Member] | Fixed income [Member]    
Assets:    
Financial instruments owned, at fair value 1,946 1,905
Financial instruments owned, at fair value 1,946 1,905
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 1,946 1,905
Fair Value, Recurring [Member] | Level 1 [Member]    
Assets:    
Cash equivalents 90,896 48,336
Total 162,918 120,740
Cash equivalents 90,896 48,336
Non-recurring fair value measurements:    
Cash equivalents 90,896 48,336
Fair Value, Recurring [Member] | Level 1 [Member] | U.S. treasuries [Member]    
Assets:    
Financial instruments owned, at fair value
Financial instruments owned, at fair value
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Level 1 [Member] | Equities [Member]    
Assets:    
Financial instruments owned, at fair value 8,023 8,478
Financial instruments owned, at fair value 8,023 8,478
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 8,023 8,478
Fair Value, Recurring [Member] | Level 1 [Member] | Fixed income [Member]    
Assets:    
Financial instruments owned, at fair value 1,025 1,019
Financial instruments owned, at fair value 1,025 1,019
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 1,025 1,019
Fair Value, Recurring [Member] | Level 2 [Member]    
Assets:    
Cash equivalents
Total 13,272 13,035
Cash equivalents
Non-recurring fair value measurements:    
Cash equivalents
Fair Value, Recurring [Member] | Level 2 [Member] | U.S. treasuries [Member]    
Assets:    
Financial instruments owned, at fair value 5,647 5,251
Financial instruments owned, at fair value 5,647 5,251
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 5,647 5,251
Fair Value, Recurring [Member] | Level 2 [Member] | Equities [Member]    
Assets:    
Financial instruments owned, at fair value
Financial instruments owned, at fair value
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Level 2 [Member] | Fixed income [Member]    
Assets:    
Financial instruments owned, at fair value 921 886
Financial instruments owned, at fair value 921 886
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 921 886
Fair Value, Recurring [Member] | Level 3 [Member]    
Assets:    
Cash equivalents
Total 755 687
Cash equivalents
Non-recurring fair value measurements:    
Cash equivalents
Fair Value, Recurring [Member] | Level 3 [Member] | U.S. treasuries [Member]    
Assets:    
Financial instruments owned, at fair value
Financial instruments owned, at fair value
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Level 3 [Member] | Equities [Member]    
Assets:    
Financial instruments owned, at fair value
Financial instruments owned, at fair value
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Level 3 [Member] | Fixed income [Member]    
Assets:    
Financial instruments owned, at fair value
Financial instruments owned, at fair value
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | ETFs [Member]    
Assets:    
Financial instruments owned, at fair value 62,974  
Financial instruments owned, at fair value 62,974  
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 62,974  
Fair Value, Recurring [Member] | ETFs [Member] | Level 1 [Member]    
Assets:    
Financial instruments owned, at fair value 62,974  
Financial instruments owned, at fair value 62,974  
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 62,974  
Fair Value, Recurring [Member] | ETFs [Member] | Level 2 [Member]    
Assets:    
Financial instruments owned, at fair value  
Financial instruments owned, at fair value  
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value  
Fair Value, Recurring [Member] | ETFs [Member] | Level 3 [Member]    
Assets:    
Financial instruments owned, at fair value  
Financial instruments owned, at fair value  
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value  
Fair Value, Recurring [Member] | Pass-through GSEs [Member]    
Assets:    
Financial instruments owned, at fair value 6,704 6,898
Financial instruments owned, at fair value 6,704 6,898
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 6,704 6,898
Fair Value, Recurring [Member] | Pass-through GSEs [Member] | Level 1 [Member]    
Assets:    
Financial instruments owned, at fair value
Financial instruments owned, at fair value
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Pass-through GSEs [Member] | Level 2 [Member]    
Assets:    
Financial instruments owned, at fair value 6,704 6,898
Financial instruments owned, at fair value 6,704 6,898
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 6,704 6,898
Fair Value, Recurring [Member] | Pass-through GSEs [Member] | Level 3 [Member]    
Assets:    
Financial instruments owned, at fair value
Financial instruments owned, at fair value
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | ETFs [Member]    
Assets:    
Financial instruments owned, at fair value   62,907
Financial instruments owned, at fair value   62,907
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value   62,907
Fair Value, Recurring [Member] | ETFs [Member] | Level 1 [Member]    
Assets:    
Financial instruments owned, at fair value   62,907
Financial instruments owned, at fair value   62,907
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value   62,907
Fair Value, Recurring [Member] | ETFs [Member] | Level 2 [Member]    
Assets:    
Financial instruments owned, at fair value  
Financial instruments owned, at fair value  
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value  
Fair Value, Recurring [Member] | ETFs [Member] | Level 3 [Member]    
Assets:    
Financial instruments owned, at fair value  
Financial instruments owned, at fair value  
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value  
Other Investments [Member] | Fair Value, Recurring [Member]    
Assets:    
Financial instruments owned, at fair value 755 687
Financial instruments owned, at fair value 755 687
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value 755 687
Other Investments [Member] | Fair Value, Recurring [Member] | Level 1 [Member]    
Assets:    
Financial instruments owned, at fair value
Financial instruments owned, at fair value
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value
Other Investments [Member] | Fair Value, Recurring [Member] | Level 2 [Member]    
Assets:    
Financial instruments owned, at fair value
Financial instruments owned, at fair value
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value
Other Investments [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Assets:    
Financial instruments owned, at fair value 755 687
Financial instruments owned, at fair value 755 687
Financial instruments owned, at fair value:    
Financial instruments owned, at fair value $ 755 687
Fnality International Limited—Series B-1 Preference Shares [Member] | Fair Value, Nonrecurring [Member]    
Assets:    
Fnality International Limited—Series B-1 Preference Shares(1) [1]   8,288
Fnality International Limited—Series B-1 Preference Shares(1) [1]   8,288
Non-recurring fair value measurements:    
Fnality International Limited—Series B-1 Preference Shares(1) [1]   8,288
Fnality International Limited—Series B-1 Preference Shares [Member] | Fair Value, Nonrecurring [Member] | Level 1 [Member]    
Assets:    
Fnality International Limited—Series B-1 Preference Shares(1) [1]  
Fnality International Limited—Series B-1 Preference Shares(1) [1]  
Non-recurring fair value measurements:    
Fnality International Limited—Series B-1 Preference Shares(1) [1]  
Fnality International Limited—Series B-1 Preference Shares [Member] | Fair Value, Nonrecurring [Member] | Level 2 [Member]    
Assets:    
Fnality International Limited—Series B-1 Preference Shares(1) [1]  
Fnality International Limited—Series B-1 Preference Shares(1) [1]  
Non-recurring fair value measurements:    
Fnality International Limited—Series B-1 Preference Shares(1) [1]  
Fnality International Limited—Series B-1 Preference Shares [Member] | Fair Value, Nonrecurring [Member] | Level 3 [Member]    
Assets:    
Fnality International Limited—Series B-1 Preference Shares(1) [1]   8,288
Fnality International Limited—Series B-1 Preference Shares(1) [1]   8,288
Non-recurring fair value measurements:    
Fnality International Limited—Series B-1 Preference Shares(1) [1]   $ 8,288
[1] Fair value determined on June 17, 2024. Not included above are prospective changes in value due to fluctuations in the British pound to U.S. dollar exchange rate.