CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 38,288	$ 33,150
Deposits with clearing organizations	100,008	98,909
Receivable from brokers, dealers and clearing organizations	325,342	241,478
Receivable from customers, net of allowance for credit losses of $152 ($175 in 2024)	1,374,526	1,268,866
Income tax receivable	3,693	1,499
Securities owned, including amounts pledged of $1,199,263 ($1,015,604 in 2024), at fair value	1,316,093	1,108,206
Notes receivable, net	67,366	67,931
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $99,341 ($92,390 in 2024)	33,966	38,188
Right-of-use lease assets, net of accumulated amortization of $132,940 ($118,325 in 2024)	121,660	133,821
Corporate-owned life insurance	107,686	98,828
Goodwill	143,607	143,607
Intangible assets	35,209	35,709
Other assets	150,704	112,534
Total assets	3,818,148	3,382,726
Liabilities
Drafts payable	16,763	21,661
Bank call loans	262,300	252,100
Payable to brokers, dealers and clearing organizations	322,339	253,816
Payable to customers	465,426	357,835
Securities sold under agreements to repurchase	972,167	931,754
Securities sold but not yet purchased, at fair value	258,856	98,892
Accrued compensation	319,512	331,298
Income tax payable	238	3,963
Accounts payable and other liabilities	78,393	65,764
Lease liabilities	158,827	173,320
Deferred tax liabilities, net of deferred tax assets of $48,718 ($48,640 in 2024)	43,053	41,928
Total liabilities	2,897,874	2,532,331
Commitments and contingencies (Note 13)
Stockholders' equity
Common stock ($0.001 par value per share): Class A: shares authorized: 50,000,000; shares issued and outstanding: 10,420,884 and 10,231,736 as of September 30, 2025 and December 31, 2024, respectively Class B: shares authorized, issued and outstanding: 99,665 as of September 30, 2025 and December 31, 2024	10	10
Additional paid-in capital	29,723	29,733
Retained earnings	887,740	819,961
Accumulated other comprehensive income	2,801	691
Total Stockholders' equity	920,274	850,395
Total Liabilities and Stockholders' Equity	$ 3,818,148	$ 3,382,726