Revenue

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

The Company earns a substantial portion of its revenue from investment advisory, consulting services, and subscription revenue. The table below summarizes the Company's investment advisory fees and other revenue (in thousands):

	Successor		Predecessor
	Period from September 12, 2025 to December 31, 2025		Period from January 1, 2025 to September 11, 2025		Year Ended December 31, 2024
Investment advisory fees	$	1,495	$	4,187	$	3,592
Other revenue	17		35		58
Total revenue	$	1,512	$	4,222	$	3,650

No individual customer accounted for 10% or greater of revenue for any period.