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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary amounts recognized for the assets acquired, liabilities assumed and noncontrolling interests of the Hearthstone Venture and resulting goodwill as of the Acquisition Date (in thousands):
Consideration | $ | 57,562 |
Recognized amounts of identifiable assets acquired and liabilities assumed |
Cash and cash equivalents | 2,255 |
Related party receivables and contract assets | 10,653 |
Investment in funds | 16,508 |
Intangible assets | 13,672 |
Other assets | 1,113 |
Total assets | 44,201 |
Accounts payable and other liabilities | 12,209 |
Total liabilities | 12,209 |
Net identifiable assets acquired | 31,992 |
Goodwill | 69,812 |
Net assets acquired | 101,804 |
Less: redeemable noncontrolling interests in the Hearthstone Venture | 44,242 |
| $ | 57,562 |
Business Combination | The following table summarizes the preliminary amounts recognized for the assets acquired, liabilities assumed and noncontrolling interests of the Hearthstone Venture and resulting goodwill as of the Acquisition Date (in thousands):
Consideration | $ | 57,562 |
Recognized amounts of identifiable assets acquired and liabilities assumed |
Cash and cash equivalents | 2,255 |
Related party receivables and contract assets | 10,653 |
Investment in funds | 16,508 |
Intangible assets | 13,672 |
Other assets | 1,113 |
Total assets | 44,201 |
Accounts payable and other liabilities | 12,209 |
Total liabilities | 12,209 |
Net identifiable assets acquired | 31,992 |
Goodwill | 69,812 |
Net assets acquired | 101,804 |
Less: redeemable noncontrolling interests in the Hearthstone Venture | 44,242 |
| $ | 57,562 |
Schedule of Pro Forma Information | The following table presents the Company’s unaudited pro forma consolidated revenues and net income for the three and nine months ended September 30, 2025 and 2024 as if the Hearthstone Venture acquisition had occurred on January 1, 2024 (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenues | $ | 15,036 |  |  | $ | 20,326 |  |  | $ | 44,942 |  |  | $ | 89,804 |
Net income | 57,788 |  |  | 12,605 |  |  | 129,035 |  |  | 56,766 |

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- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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