XML 121 R92.htm IDEA: XBRL DOCUMENT v3.25.3
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of revenues from contracts with customers (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers $ 188,166 $ 256,039 $ 385,393 $ 519,446
Total revenues 225,302 94,885 411,365 392,475
Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 37,888 48,478 59,844 105,955
Total revenues 68,352 (114,646) 72,714 (24,823)
Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 31,949 48,903 72,797 98,848
Total revenues 38,621 50,873 85,899 102,655
Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 62,203 79,209 126,677 161,575
Total revenues 62,203 79,209 126,677 161,575
Communications | All Other        
Revenue from External Customer [Line Items]        
Total revenues 12,279 23,029 31,998 45,126
Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 43,284 51,424 85,387 102,946
Total revenues 43,284 51,424 85,387 102,946
E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers   4,996 6,997 4,996
Total revenues 0 4,996 6,997 4,996
All Other | All Other        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 12,842 23,029 33,691 45,126
Total revenues 12,842 23,029 33,691 45,126
Corporate finance, consulting and investment banking fees        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 32,346 40,082 50,075 90,245
Corporate finance, consulting and investment banking fees | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 32,346 40,082 50,075 90,245
Corporate finance, consulting and investment banking fees | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Corporate finance, consulting and investment banking fees | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Corporate finance, consulting and investment banking fees | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Corporate finance, consulting and investment banking fees | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers   0 0 0
Corporate finance, consulting and investment banking fees | All Other | All Other        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Wealth and asset management fees        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 30,332 47,540 68,433 94,655
Wealth and asset management fees | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 959 1,368 1,831 2,425
Wealth and asset management fees | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 29,373 46,172 66,602 92,230
Wealth and asset management fees | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Wealth and asset management fees | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Wealth and asset management fees | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers   0 0 0
Wealth and asset management fees | All Other | All Other        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Commissions, fees and reimbursed expenses        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 7,159 9,759 14,133 19,903
Commissions, fees and reimbursed expenses | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 4,583 7,028 7,938 13,285
Commissions, fees and reimbursed expenses | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 2,576 2,731 6,195 6,618
Commissions, fees and reimbursed expenses | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Commissions, fees and reimbursed expenses | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Commissions, fees and reimbursed expenses | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers   0 0 0
Commissions, fees and reimbursed expenses | All Other | All Other        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Subscription services        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 59,689 76,389 121,806 156,126
Subscription services | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Subscription services | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Subscription services | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 59,689 76,389 121,806 156,126
Subscription services | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Subscription services | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers   0 0 0
Subscription services | All Other | All Other        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Sale of goods        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 45,073 55,573 92,528 109,006
Total revenues 45,073 55,573 92,528 109,006
Sale of goods | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Sale of goods | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Sale of goods | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 1,471 1,465 2,772 2,761
Sale of goods | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 43,284 51,424 85,387 102,946
Sale of goods | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers   2,265 3,528 2,265
Sale of goods | All Other | All Other        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 318 419 841 1,034
Advertising and other        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 13,567 26,696 38,418 49,511
Advertising and other | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Advertising and other | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Advertising and other | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 1,043 1,355 2,099 2,688
Advertising and other | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 0 0 0 0
Advertising and other | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers   2,731 3,469 2,731
Advertising and other | All Other | All Other        
Revenue from External Customer [Line Items]        
Total revenues from contracts with customers 12,524 22,610 32,850 44,092
Trading gains (losses), net        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 27,680 (31,321) 11,509 (48,988)
Trading gains (losses), net | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 22,480 (32,612) 5,697 (50,879)
Trading gains (losses), net | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 5,200 1,291 5,812 1,891
Trading gains (losses), net | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Trading gains (losses), net | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Trading gains (losses), net | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer   0 0 0
Trading gains (losses), net | All Other | All Other        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Fair value adjustments on loans        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 800 (175,582) (7,296) (187,783)
Total revenues 800 (175,582) (7,296) (187,783)
Fair value adjustments on loans | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 800 (175,582) (7,296) (187,783)
Total revenues 800 (175,582) (7,296) (187,783)
Fair value adjustments on loans | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Fair value adjustments on loans | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Fair value adjustments on loans | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Fair value adjustments on loans | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer   0 0 0
Fair value adjustments on loans | All Other | All Other        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Interest income - loans        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 3,853 18,508 7,049 40,643
Total revenues 3,853 18,508 7,049 40,643
Interest income - loans | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 3,853 18,508 7,049 40,643
Total revenues 3,853 18,508 7,049 40,643
Interest income - loans | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Interest income - loans | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Interest income - loans | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Interest income - loans | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer   0 0 0
Interest income - loans | All Other | All Other        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Interest income - securities lending        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 2,124 24,798 2,964 62,607
Total revenues 2,124 24,798 2,964 62,607
Interest income - securities lending | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 2,124 24,798 2,964 62,607
Total revenues 2,124 24,798 2,964 62,607
Interest income - securities lending | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Interest income - securities lending | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Interest income - securities lending | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Interest income - securities lending | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer   0 0 0
Interest income - securities lending | All Other | All Other        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Other        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 2,679 2,443 11,746 6,550
Other | Capital Markets | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 1,207 1,764 4,456 4,634
Other | Wealth Management | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 1,472 679 7,290 1,916
Other | Communications | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Other | Consumer Products | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer 0 0 0 0
Other | E-Commerce | Operating Segments        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer   0 0 0
Other | All Other | All Other        
Revenue from External Customer [Line Items]        
Revenue not from contract with customer $ 0 $ 0 $ 0 $ 0