XML 61 R45.htm IDEA: XBRL DOCUMENT
v3.25.3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Reconciliation of Revenue from Segments to Consolidated | Revenue from contracts with customers by the Company's five reportable operating segments and the All Other category during the three months ended March 31, 2025 and 2024 was as follows:
| Capital Markets |  | Wealth Management |  |  |  |  |  | Communications |  | Consumer Products |  | E-Commerce |  | All Other |  | Total
Revenues for the three months ended March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate finance, consulting and investment banking fees | $ | 17,729 |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 17,729 |
Wealth and asset management fees | 872 |  |  | 37,229 |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 38,101 |
Commissions, fees and reimbursed expenses | 3,355 |  |  | 3,619 |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,974 |
Subscription services | — |  |  | — |  |  |  |  |  |  | 62,117 |  |  | — |  |  | — |  |  | — |  |  | 62,117 |
Sale of goods | — |  |  | — |  |  |  |  |  |  | 1,301 |  |  | 42,103 |  |  | 3,528 |  |  | 523 |  |  | 47,455 |
Advertising and other | — |  |  | — |  |  |  |  |  |  | 1,056 |  |  | — |  |  | 3,469 |  |  | 20,326 |  |  | 24,851 |
Total revenues from contracts with customers | 21,956 |  |  | 40,848 |  |  |  |  |  |  | 64,474 |  |  | 42,103 |  |  | 6,997 |  |  | 20,849 |  |  | 197,227 |
Trading gains (losses), net | (16,783) |  |  | 612 |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (16,171) |
Fair value adjustments on loans | (8,096) |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (8,096) |
Interest income - loans | 3,196 |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,196 |
Interest income - securities lending | 840 |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 840 |
Other | 3,249 |  |  | 5,818 |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9,067 |
Total revenues | $ | 4,362 |  |  | $ | 47,278 |  |  |  |  |  |  | $ | 64,474 |  |  | $ | 42,103 |  |  | $ | 6,997 |  |  | $ | 20,849 |  |  | $ | 186,063 |
| Capital Markets |  | Wealth Management |  |  |  |  |  | Communications |  | Consumer Products |  | All Other |  | Total
Revenues for the three months ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate finance, consulting and investment banking fees | $ | 50,163 |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 50,163 |
Wealth and asset management fees | 1,056 |  |  | 46,057 |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 47,113 |
Commissions, fees and reimbursed expenses | 6,256 |  |  | 3,887 |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 10,143 |
Subscription services | — |  |  | — |  |  |  |  |  |  | 79,738 |  |  | — |  |  | — |  |  | 79,738 |
Sale of goods | — |  |  | — |  |  |  |  |  |  | 1,296 |  |  | 51,522 |  |  | 615 |  |  | 53,433 |
Advertising and other | — |  |  | — |  |  |  |  |  |  | 1,332 |  |  | — |  |  | 21,482 |  |  | 22,814 |
Total revenues from contracts with customers | 57,475 |  |  | 49,944 |  |  |  |  |  |  | 82,366 |  |  | 51,522 |  |  | 22,097 |  |  | 263,404 |
Trading gains (losses), net | (18,267) |  |  | 600 |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | (17,667) |
Fair value adjustments on loans | (12,201) |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | (12,201) |
Interest income - loans | 22,135 |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 22,135 |
Interest income - securities lending | 37,809 |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 37,809 |
Other | 2,872 |  |  | 1,238 |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 4,110 |
Total revenues | $ | 89,823 |  |  | $ | 51,782 |  |  |  |  |  |  | $ | 82,366 |  |  | $ | 51,522 |  |  | $ | 22,097 |  |  | $ | 297,590 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration