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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 571,659 $ 655,641
Cash segregated under regulatory requirements 14,486 17,255
Financial instruments owned, at fair value 193,988 45,792
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers 1,062,588 350,036
Accrued commissions and other receivables, net 358,657 305,793
Loans, forgivable loans and other receivables from employees and partners, net 394,527 367,805
Loan receivable from related parties 180,000 0
Fixed assets, net 182,887 178,300
Investments 40,954 38,314
Goodwill 505,426 506,344
Other intangible assets, net 201,823 211,285
Receivables from related parties 1,557 2,717
Other assets 550,643 496,655
Total assets 4,259,195 3,175,937
Liabilities, Redeemable Partnership Interest, and Equity    
Repurchase agreements 6,581 0
Accrued compensation 194,020 206,364
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 880,404 202,266
Payables to related parties 38,242 17,456
Accounts payable, accrued and other liabilities 657,389 668,189
Notes payable and other borrowings 1,440,689 1,183,506
Total liabilities 3,217,325 2,277,781
Commitments, contingencies and guarantees (Note 19)
Stockholders’ equity:    
Additional paid-in capital 2,166,717 2,105,130
Treasury stock, at cost: 35,787,224 and 13,479,847 shares of Class A common stock at June 30, 2024 and December 31, 2023, respectively (217,097) (67,414)
Retained deficit (1,046,827) (1,119,182)
Accumulated other comprehensive income (loss) (49,908) (38,582)
Total stockholders’ equity 858,133 885,083
Noncontrolling interest in subsidiaries 183,737 13,073
Total equity 1,041,870 898,156
Total liabilities, redeemable partnership interest, and equity 4,259,195 3,175,937
Class A Common Stock    
Stockholders’ equity:    
Common stock value 4,153 4,036
Class B Common Stock    
Stockholders’ equity:    
Common stock value $ 1,095 $ 1,095