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Notes Payable and Other Borrowings (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Notes Payable, Other and Short-term Borrowings
Notes payable and other borrowings consisted of the following (in thousands):
March 31, 2025December 31, 2024
Unsecured senior revolving credit agreement$546,299 $195,831 
BGC Group 4.375% Senior Notes due December 15, 2025
287,645 287,462 
BGC Partners 4.375% Senior Notes due December 15, 2025
11,830 11,824 
BGC Group 8.000% Senior Notes due May 25, 2028
344,811 344,620 
BGC Partners 8.000% Senior Notes due May 25, 2028
2,259 2,257 
BGC Group 6.600% Senior Notes due June 10, 2029
495,796 495,546 
Total Notes payable and other borrowings1, 2
$1,688,640 $1,337,540 
__________________________
1The Company was in compliance with all debt covenants, as applicable, as of both March 31, 2025 and December 31, 2024.
2Presented net of deferred financing costs, which are recorded in the Company’s unaudited Condensed Consolidated Statements of Financial Condition as a direct reduction of the Notes payable and other borrowings. As of March 31, 2025 and December 31, 2024, total deferred financing costs were $10.9 million and $12.0 million, respectively.
Schedule of Carrying Amounts and Estimated Fair Values of Company's Senior Notes
The BGC Group Notes and BGC Partners Notes are recorded at amortized cost. The carrying amounts and estimated fair values of the BGC Group Notes and BGC Partners Notes were as follows (in thousands):
March 31, 2025December 31, 2024
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
BGC Group 4.375% Senior Notes due December 15, 2025
287,645 286,948 287,462 285,556 
BGC Partners 4.375% Senior Notes due December 15, 2025
11,830 11,797 11,824 11,740 
BGC Group 8.000% Senior Notes due May 25, 2028
344,811 371,414 344,620 369,065 
BGC Partners 8.000% Senior Notes due May 25, 2028
2,259 2,431 2,2572,416
BGC Group 6.600% Senior Notes due June 10, 2029
495,796 513,637 495,546 513,366 
Total$1,142,341 $1,186,227 $1,141,709 $1,182,143