Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Other assets, net at fair value	$ 76,146	$ 43,861
Notes payable, carrying value	329,929	374,511
Payables and other liabilities at fair value	$ 12,547	$ 16,684
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	600,000,000	600,000,000
Preferred stock, issued (in shares)	50,000	0
Preferred stock, outstanding (in shares)	50,000	0
Convertible Notes Payable
Notes payable, carrying value	$ 53,800	$ 0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	6,000,000,000	6,000,000,000
Common stock, issued (in shares)	9,921,336	10,360,299
Common stock, outstanding (in shares)	7,899,344	9,934,449
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	1,000,000	1,000,000
Common stock, issued (in shares)	14	15
Common stock, outstanding (in shares)	12	15
Working Capital Promissory Notes | Related Party
Notes payable, carrying value	$ 87,126	$ 162,283