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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2025
Revenue [Abstract] |
Schedule of Total Revenue Disaggregated by Revenue Type | The following table presents our total revenue disaggregated by revenue type for the three and nine months ended September 30, 2025 and 2024 (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Underwriting |  | $ | 32,745 |  |  | $ | 1,971 |  |  | $ | 57,828 |  |  | $ | 6,360 |
Commissions |  |  | 8,881 |  |  |  | 1,161 |  |  |  | 14,570 |  |  |  | 3,246 |
Account advisory and management fees |  |  | 269 |  |  |  | 638 |  |  |  | 555 |  |  |  | 1,409 |
Carried interest fees |  |  | 8,704 |  |  |  | - |  |  |  | 19,204 |  |  |  | - |
Other |  |  | 222 |  |  |  | 273 |  |  |  | 869 |  |  |  | 569 |
Total |  | $ | 50,821 |  |  | $ | 4,043 |  |  | $ | 93,026 |  |  | $ | 11,584 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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