v3.25.4
Note 5 - Investment Banking and New Issue and Net Trading - Investment Banking and New Issue (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash revenue $ 141,169 $ 39,084 $ 10,016
Noncash revenue 232,398 24,338 18,248
Revenue before gain (loss) on financial instruments 373,567 63,422 28,264
New Issue and Advisory [Member]      
Revenue 187,608 40,778 23,952
Origination [Member]      
Cash revenue 3,916 1,856 2,091
Noncash revenue 0 0 0
Revenue before gain (loss) on financial instruments 3,916 1,856 2,091
Cohen & Company Capital Markets (CCM) [Member] | Noncash Consideration [Member]      
Gains / (losses) on CCM financial instruments received as non-cash consideration (185,959) (22,644) (4,312)
Cohen & Company Capital Markets (CCM) [Member] | Underwriting [Member]      
Cash revenue 46,995 4,733 0
Noncash revenue 14,633 1,423 0
Revenue before gain (loss) on financial instruments 61,628 6,156 0
Cohen & Company Capital Markets (CCM) [Member] | New Issue and Advisory [Member]      
Cash revenue 90,258 32,495 7,925
Noncash revenue 217,765 22,915 18,248
Revenue before gain (loss) on financial instruments $ 308,023 $ 55,410 $ 26,173