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Notes Payable and Other Borrowings (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Notes Payable, Other and Short-term Borrowings
Notes payable and other borrowings consisted of the following (in thousands):
June 30,
2025		December 31,
2024
Unsecured senior revolving credit agreement$81,745 $195,831 
BGC Group 4.375% Senior Notes due December 15, 2025
287,829 287,462 
BGC Partners 4.375% Senior Notes due December 15, 2025
11,836 11,824 
BGC Group 8.000% Senior Notes due May 25, 2028
345,003 344,620 
BGC Partners 8.000% Senior Notes due May 25, 2028
2,260 2,257 
BGC Group 6.600% Senior Notes due June 10, 2029
496,046 495,546 
BGC Group 6.150% Senior Notes due April 2, 2030
693,116 — 
Total Notes payable and other borrowings1, 2
$1,917,835 $1,337,540 
__________________________
1The Company was in compliance with all debt covenants, as applicable, as of both June 30, 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 June 30, 2025 and December 31, 2024, total deferred financing costs were $16.7 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):
June 30, 2025December 31, 2024
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
BGC Group 4.375% Senior Notes due December 15, 2025
287,829 287,325 287,462 285,556 
BGC Partners 4.375% Senior Notes due December 15, 2025
11,836 11,813 11,824 11,740 
BGC Group 8.000% Senior Notes due May 25, 2028
345,003 371,238 344,620 369,065 
BGC Partners 8.000% Senior Notes due May 25, 2028
2,260 2,430 2,2572,416
BGC Group 6.600% Senior Notes due June 10, 2029
496,046 517,377 495,546 513,366 
BGC Group 6.150% Senior Notes due April 2, 2030
693,116 708,869 — — 
Total$1,836,090 $1,899,052 $1,141,709 $1,182,143