v3.25.3
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 37,723,000 $ 14,446,000
Fees receivable, net 6,816,000 8,344,000
Investments, at fair value 83,060,000 91,435,000
Other investments 21,776,000 13,443,000
Operating lease right-of-use assets 6,952,000 5,105,000
Property and equipment, net 95,000 99,000
Prepaid expenses and other assets 5,295,000 1,728,000
Due from affiliates $ 28,000 $ 27,000
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Digital assets $ 16,198,000 $ 13,240,000
Assets of discontinued operations 0 4,364,000
Intangible assets, net 41,292,000 42,169,000
Goodwill 23,373,000 23,373,000
Total assets 2,182,715,000 2,028,176,000
Liabilities:    
Accounts payable, accrued expenses and other 16,420,000 21,547,000
Accrued third party distribution expenses 417,000 6,522,000
Deferred revenue 60,000 222,000
Deferred tax liability, net 80,933,000 95,683,000
Due to affiliates $ 7,750,000 $ 11,597,000
Other Liability, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Liabilities of discontinued operations $ 0 $ 464,000
Operating lease liability 8,868,000 7,379,000
Total liabilities 118,738,000 147,693,000
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests 1,708,580,000 1,540,312,000
Shareholders' equity    
Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding
Common stock; $0.10 par value, authorized 50,000 shares; issued and outstanding 18,635 shares, net of treasury stock; 1 share at September 30, 2025 and December 31, 2024, respectively 1,864,000 1,864,000
Additional paid-in capital 39,243,000 39,243,000
Retained earnings 314,290,000 299,064,000
Total shareholders' equity 355,397,000 340,171,000
Total liabilities, noncontrolling interests, and shareholders' equity 2,182,715,000 2,028,176,000
CIP    
Assets    
Cash and cash equivalents 24,334,000 44,306,000
Investments, at fair value 1,891,832,000 1,746,850,000
Other assets 23,941,000 19,247,000
Digital assets 235,686,000 194,565,000
Liabilities:    
Accounts payable, accrued expenses and other 3,864,000 1,486,000
Other liabilities $ 426,000 $ 2,793,000