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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income (loss) $ 9,923 $ (10,746)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Equity-based compensation 2,304 2,196
Loss (gain) on other investments, at fair value 48,060 13,979
Loss (gain) on other investments, sold not yet purchased (20,999) (23,051)
Noncash advisory fees received (11,140) (492)
(Income) loss from equity method affiliates (23,049) 906
Depreciation and amortization 249 293
Amortization of discount on debt (27) 300
Deferred tax provision (benefit) (50) 6,603
Change in operating assets and liabilities, net:    
Change in receivables from / payables to brokers, dealers, and clearing agencies (37,521) 93,621
Change in receivables from / payables to related parties, net (222) 68
(Increase) decrease in other receivables (2,478) 3,793
(Increase) decrease in investments-trading 58,349 19,023
(Increase) decrease in receivables under resale agreements (133,547) (19,836)
(Increase) decrease in other assets 413 117
Increase (decrease) in accounts payable and other liabilities (1,802) (86,765)
Increase (decrease) in accrued compensation (3,032) (4,390)
Increase (decrease) in trading securities sold, not yet purchased (18,032) (35,840)
Increase (decrease) in securities sold under agreements to repurchase 133,531 4,554
Net cash provided by (used in) operating activities 930 (35,667)
Investing activities    
Purchase of other investments, at fair value (34,289) (58,723)
Purchase of other investments sold, not yet purchased, at fair value (1,267) (112)
Sales and returns of principal - other investments, at fair value 41,544 57,140
Sales and returns of principal - other investments sold, not yet purchased, at fair value 214 25,885
Investment in equity method affiliate (134) (1,124)
Distribution from equity method affiliate 857 3
Purchase of furniture, equipment, and leasehold improvements (474) (218)
Net cash provided by (used in) investing activities 6,451 22,851
Financing activities    
Proceeds from debt 0 15,000
Repayment of debt 0 (15,000)
Cash used to net share settle equity awards (189) (175)
Proceeds from issuance of common stock 154
Cohen & Company Inc. dividends (1,057) (984)
Convertible non-controlling interest distributions (3,022) (2,266)
Redemption of convertible non-controlling units (659) (833)
Non-convertible non-controlling interest investment 0 38
Non-convertible non-controlling interest distributions (3,567) 0
Net cash provided by (used in) financing activities (8,340) (4,220)
Effect of exchange rate on cash (116) 101
Net increase (decrease) in cash and cash equivalents (1,075) (16,935)
Cash and cash equivalents, beginning of period 10,650 29,101
Cash and cash equivalents, end of period $ 9,575 $ 12,166