REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Revenues from Contracts with Customers

Revenue from contracts with customers by the Company’s five reportable operating segments and the All Other category during the three and six months ended June 30, 2025 and 2024 was as follows:


	Capital Markets		Wealth Management		Communications		Consumer Products		All Other		Total
Revenues for the three months ended June 30, 2025
Corporate finance, consulting and investment banking fees	$	32,346	$	—	$	—	$	—	$	—	$	32,346
Wealth and asset management fees	959		29,373		—		—		—		30,332
Commissions, fees and reimbursed expenses	4,583		2,576		—		—		—		7,159
Subscription services	—		—		59,689		—		—		59,689

Sale of goods	—		—		1,471		43,284		318		45,073
Advertising and other	—		—		1,043		—		12,524		13,567
Total revenues from contracts with customers	37,888		31,949		62,203		43,284		12,842		188,166

Trading gains (losses), net	22,480		5,200		—		—		—		27,680
Fair value adjustments on loans	800		—		—		—		—		800
Interest income - loans	3,853		—		—		—		—		3,853
Interest income - securities lending	2,124		—		—		—		—		2,124
Other	1,207		1,472		—		—		—		2,679
Total revenues	$	68,352	$	38,621	$	62,203	$	43,284	$	12,842	$	225,302


	Capital Markets		Wealth Management		Communications		Consumer Products		E-Commerce		All Other		Total
Revenues for the three months ended June 30, 2024
Corporate finance, consulting and investment banking fees	$	40,082	$	—	$	—	$	—	$	—	$	—	$	40,082
Wealth and asset management fees	1,368		46,172		—		—		—		—		47,540
Commissions, fees and reimbursed expenses	7,028		2,731		—		—		—		—		9,759
Subscription services	—		—		76,389		—		—		—		76,389
Sale of goods	—		—		1,465		51,424		2,265		419		55,573
Advertising and other	—		—		1,355		—		2,731		22,610		26,696
Total revenues from contracts with customers	48,478		48,903		79,209		51,424		4,996		23,029		256,039

Trading gains (losses), net	(32,612)		1,291		—		—		—		—		(31,321)
Fair value adjustments on loans	(175,582)		—		—		—		—		—		(175,582)
Interest income - loans	18,508		—		—		—		—		—		18,508
Interest income - securities lending	24,798		—		—		—		—		—		24,798
Other	1,764		679		—		—		—		—		2,443
Total revenues	$	(114,646)	$	50,873	$	79,209	$	51,424	$	4,996	$	23,029	$	94,885


	Capital Markets		Wealth Management		Communications		Consumer Products		E-Commerce		All Other		Total
Revenues for the six months ended June 30, 2025
Corporate finance, consulting and investment banking fees	$	50,075	$	—	$	—	$	—	$	—	$	—	$	50,075
Wealth and asset management fees	1,831		66,602		—		—		—		—		68,433
Commissions, fees and reimbursed expenses	7,938		6,195		—		—		—		—		14,133
Subscription services	—		—		121,806		—		—		—		121,806

Sale of goods	—		—		2,772		85,387		3,528		841		92,528
Advertising and other	—		—		2,099		—		3,469		32,850		38,418
Total revenues from contracts with customers	59,844		72,797		126,677		85,387		6,997		33,691		385,393

Trading gains (losses), net	5,697		5,812		—		—		—		—		11,509
Fair value adjustments on loans	(7,296)		—		—		—		—		—		(7,296)
Interest income - loans	7,049		—		—		—		—		—		7,049
Interest income - securities lending	2,964		—		—		—		—		—		2,964
Other	4,456		7,290		—		—		—		—		11,746
Total revenues	$	72,714	$	85,899	$	126,677	$	85,387	$	6,997	$	33,691	$	411,365


	Capital Markets		Wealth Management		Communications		Consumer Products		E-Commerce		All Other		Total
Revenues for the six months ended June 30, 2024
Corporate finance, consulting and investment banking fees	$	90,245	$	—	$	—	$	—	$	—	$	—	$	90,245
Wealth and asset management fees	2,425		92,230		—		—		—		—		94,655
Commissions, fees and reimbursed expenses	13,285		6,618		—		—		—		—		19,903
Subscription services	—		—		156,126		—		—		—		156,126

Sale of goods	—		—		2,761		102,946		2,265		1,034		109,006
Advertising and other	—		—		2,688		—		2,731		44,092		49,511
Total revenues from contracts with customers	105,955		98,848		161,575		102,946		4,996		45,126		519,446

Trading gains (losses), net	(50,879)		1,891		—		—		—		—		(48,988)
Fair value adjustments on loans	(187,783)		—		—		—		—		—		(187,783)
Interest income - loans	40,643		—		—		—		—		—		40,643
Interest income - securities lending	62,607		—		—		—		—		—		62,607
Other	4,634		1,916		—		—		—		—		6,550
Total revenues	$	(24,823)	$	102,655	$	161,575	$	102,946	$	4,996	$	45,126	$	392,475