v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 56,762 $ 19,590
Receivables from brokers, dealers, and clearing agencies 46,194 45,650
Other receivables 8,896 6,526
Investments-trading 140,576 148,332
Other Investments, Fair Value Disclosure 57,258 35,262
Receivables under resale agreements 357,408 668,259
Investments in equity method affiliates 6,661 23,430
Deferred income taxes 4,126 2,257
Goodwill [1] 109 109
Right-of-use asset - operating leases 15,406 15,540
Other assets 5,788 5,253
Total assets 700,585 971,149
Liabilities    
Payables to brokers, dealers, and clearing agencies 4 66,655
Accounts payable and other liabilities 17,944 10,913
Accrued compensation 92,689 17,770
Lease liability - operating leases 16,959 16,575
Trading securities sold, not yet purchased 36,617 36,432
Other investments sold, not yet purchased 0 1,651
Securities sold under agreement to repurchase 400,391 695,966
Debt 32,895 34,904
Total liabilities 597,499 880,866
Commitments and contingencies (See note 28)
Stockholders' Equity:    
Voting Non-Convertible Preferred Stock, $0.001 par value per share, 50,000,000 shares authorized, 27,413,098 shares issued and outstanding, respectively 27 27
Common Stock, $0.01 par value per share, 100,000,000 shares authorized, 2,130,063 and 2,040,052 shares issued and outstanding, respectively, including 380,008 and 404,791 unvested or restricted share awards, respectively 21 20
Additional paid-in capital 78,539 76,704
Accumulated other comprehensive loss (914) (1,007)
Accumulated deficit (26,593) (34,016)
Total stockholders' equity 51,080 41,728
Non-controlling interest 52,006 48,555
Total equity 103,086 90,283
Total liabilities and equity 700,585 971,149
Due From Related Parties [Member]    
Assets    
Due from related parties 1,401 941
Other receivables $ 1,401 $ 941
[1] Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table above.