The tables below present information about the Company’s reported segment revenues, segment pre-tax income or loss, compensation expenses, and other segment items for the three and nine months ended September 30, 2025 and 2024. There are no adjustments or reconciling items for any of the periods presented. Asset information by reportable segment is not reported, since the Company does not produce such information for internal use by the CODM.


(Expressed in thousands)
	For the Three Months Ended September 30, 2025
	Wealth Management		Capital Markets		Corporate/Other		Total
Revenue	$	259,726	$	162,145	$	2,567	$	424,438
Less :
Compensation expenses	148,978		106,245		34,999		290,222
Other segment items (1)	48,220		43,611		10,750		102,581
Pre-tax income (loss)	$	62,528	$	12,289	$	(43,182)	$	31,635

(1) Other segment items include communication and technology expenses, occupancy and equipment costs, clearing and exchange fees, interest and other expenses.


(Expressed in thousands)
	For the Three Months Ended September 30, 2024
	Wealth Management		Capital Markets		Corporate/Other		Total
Revenue	$	246,049	$	124,030	$	3,273	$	373,352
Less :
Compensation expenses	125,270		87,649		25,016		237,935
Other segment items (1)	48,764		42,525		8,758		100,047
Pre-tax income (loss)	$	72,015	$	(6,144)	$	(30,501)	$	35,370

(1) Other segment items include communication and technology expenses, occupancy and equipment costs, clearing and exchange fees, interest and other expenses.


(Expressed in thousands)
	For the Nine Months Ended September 30, 2025
	Wealth Management		Capital Markets		Corporate/Other		Total
Revenue	$	748,133	$	408,387	$	8,921	$	1,165,441
Less :
Compensation expenses	400,917		274,199		81,271		756,387
Other segment items (1)	153,990		130,860		18,983		303,833
Pre-tax income (loss)	$	193,226	$	3,328	$	(91,333)	$	105,221

(1) Other segment items include communication and technology expenses, occupancy and equipment costs, clearing and exchange fees, interest and other expenses.


(Expressed in thousands)
	For the Nine Months Ended September 30, 2024
	Wealth Management		Capital Markets		Corporate/Other		Total
Revenue	$	718,536	$	328,254	$	10,289	$	1,057,079
Less :
Compensation expenses	364,381		242,527		73,469		680,377
Other segment items (1)	142,124		120,348		25,540		288,012
Pre-tax income (loss)	$	212,031	$	(34,621)	$	(88,720)	$	88,690

(1) Other segment items include communication and technology expenses, occupancy and equipment costs, clearing and exchange fees, interest and other expenses.