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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 24,629 $ 22,111
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Advisory and license fees paid in gold, other precious metals and cryptocurrency (15,373) (11,727)
Stock-based compensation 6,238 5,163
Deferred income taxes 5,835 5,640
Amortization of issuance costs—convertible notes 624 375
Depreciation and amortization 540 383
Imputed interest on payable to GBH 455 666
Losses/(gains) on financial instruments owned, at fair value 440 (2,063)
Amortization of right of use asset 326 324
Gains on investments (316) (123)
Changes in operating assets and liabilities:    
Accounts receivable (394) (4,243)
Income taxes receivable/payable (4,092) (2,723)
Prepaid expenses (1,522) (1,247)
Gold and other precious metals 14,738 11,561
Other assets (295) (79)
Fund management and administration payable 3,150 2,659
Compensation and benefits payable (28,056) (28,386)
Operating lease liabilities (325) (332)
Accounts payable and other liabilities (232) 1,003
Net cash provided by/(used in) operating activities 6,370 (1,038)
Cash flows from investing activities:    
Purchase of financial instruments owned, at fair value (2,500)
Cash paid—software development (577) (592)
Purchase of fixed assets (31) (66)
Proceeds from the sale of financial instruments owned, at fair value 388 5,180
Other 6 6
Net cash (used in)/provided by investing activities (214) 2,028
Cash flows from financing activities:    
Common stock repurchased (12,714) (7,820)
Dividends paid (4,626) (4,997)
Excise taxes paid on common stock repurchased (1,868)
Net cash used in financing activities (19,208) (12,817)
Increase/(decrease) in cash flow due to changes in foreign exchange rate 2,234 (552)
Net decrease in cash, cash equivalents and restricted cash (10,818) (12,379)
Cash, cash equivalents and restricted cash—beginning of year 181,191 129,305
Cash, cash equivalents and restricted cash—end of period 170,373 116,926
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 4,042 2,769
Cash paid for interest $ 6,412 $ 3,738