v3.25.4
Consolidated Statements of Financial Condition - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 36,884,000 $ 14,446,000
Fees receivable 6,575,000 8,344,000
Investments, at fair value 76,535,000 91,435,000
Other assets 9,517,000 19,247,000
Other Investments 21,032,000 13,443,000
Operating lease right-of-use assets 6,382,000 5,105,000
Property and equipment, net 395,000 99,000
Prepaid expenses and other assets 8,603,000 1,728,000
Due from affiliates $ 10,000 $ 27,000
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Digital assets $ 12,509,000 $ 13,240,000
Assets of discontinued operations 0 4,364,000
Intangible assets, net 41,108,000 42,169,000
Goodwill 23,373,000 23,373,000
Total assets 1,996,811,000 2,028,176,000
Liabilities:    
Accounts payable, accrued expenses and other 12,149,000 21,547,000
Accrued third party distribution expenses 578,000 6,522,000
Deferred revenue 66,000 222,000
Deferred tax liability, net 66,345,000 95,683,000
Due to affiliates $ 7,689,000 $ 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 8,248,000 7,379,000
Total liabilities 97,406,000 147,693,000
Commitments and contingencies
Redeemable noncontrolling interests 1,560,452,000 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 at December 31, 2025 and December 31, 2024" 1,864,000 1,864,000
Additional paid-in capital 39,243,000 39,243,000
Retained earnings 297,846,000 299,064,000
Total Shareholders' Equity 338,953,000 340,171,000
Total liabilities, noncontrolling interests, and shareholders' equity 1,996,811,000 2,028,176,000
CIP    
Assets    
Cash and cash equivalents 45,493,000 44,306,000
Investments, at fair value 1,708,395,000 1,746,850,000
Other assets 9,517,000 19,247,000
Liabilities:    
Accounts payable, accrued expenses and other 1,596,000 1,486,000
Other liabilities $ 735,000 $ 2,793,000