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v3.25.3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Securities and other investments owned, at fair value |  | $ 172,135 | $ 215,225
Accounts receivable, allowance for credit loss, current |  | 6,022 | 6,100
Loans receivable, at fair value |  | 48,980 | 90,103
Prepaid expenses and other assets | [1] | $ 219,972 | $ 242,916
Preferred stock, par value (in dollars per share) |  | $ 0.0001 | $ 0.0001
Preferred stock, shares authorized (in shares) |  | 1,000,000 | 1,000,000
Preferred stock, shares issued (in shares) |  | 4,563 | 4,563
Preferred stock, shares outstanding (in shares) |  | 4,563 | 4,563
Preferred stock, liquidation preference |  | $ 118,112 | $ 114,082
Common stock, par value (in dollars per share) |  | $ 0.0001 | $ 0.0001
Common stock, shares authorized (in shares) |  | 100,000,000 | 100,000,000
Common stock, shares issued (in shares) |  | 30,597,066 | 30,499,931
Common stock, shares outstanding (in shares) |  | 30,597,066 | 30,499,931
Cash and cash equivalents | [1] | $ 267,388 | $ 146,852
Accrued expenses and other liabilities | [1] | 175,144 | 185,745
Noncontrolling interest | [1] | 42,403 | 32,159
Variable Interest Entity, Primary Beneficiary |  |  |
Loans receivable, at fair value |  | 0 |
Prepaid expenses and other assets |  | 3,800 |
Cash and cash equivalents |  | 365 |
Accrued expenses and other liabilities |  | 253 |
Noncontrolling interest |  | 3,826 |
Related Party |  |  |
Loans receivable, at fair value |  | 19,370 | 51,902
Prepaid expenses and other assets | [1] | $ 75 | $ 3,449
[1] | At June 30, 2025, the balance sheet includes cash of $365, securities and other investments owned, at fair value of $503, prepaid and other expenses of $3,800, accrued expenses and other liabilities of $253 and noncontrolling interest of $3,826 of consolidated variable interest entities (Note 2 (o)).

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