v3.26.1
Segment and Geographic Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information
14.
SEGMENT AND GEOGRAPHIC INFORMATION

The Company’s activities of providing advisory services constitute a single reportable segment. An operating segment is a component of an entity that conducts business and incurs revenues and expenses for which discrete financial information is available that is reviewed by the chief operating decision maker (“CODM”) in assessing performance and making resource allocation decisions. The Company's CODM is the Chief Executive Officer. The Company has a single operating segment and therefore a single reportable segment.

The Company is organized as one operating segment in order to maximize the value of advice to clients by drawing upon the diversified expertise and broad relationships of senior professionals across the Company. The accounting policies of the reportable segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and allocates resources on a consolidated basis based on consolidated Net Income that is presented on the Condensed Consolidated Statements of Operations as well as other broad considerations, including the market opportunity, available expertise across the Company, and the strength and efficacy of professionals’ collaboration. The measure of segment assets is presented on the Condensed Consolidated Statements of Financial Condition as total consolidated assets. The CODM reviews segment assets at the same level or category as presented on the Condensed Consolidated Statements of Financial Condition. The CODM uses consolidated Net Income to assist in assessing performance, establishing compensation, and setting capital priorities including such actions as reinvesting profits into the business, offsetting dilution or paying dividends. The CODM is regularly provided with the consolidated expenses as presented on the Condensed Consolidated Statements of Operations.

Since the financial markets are global in nature, the Company generally manages its business based on the operating results of the Company taken as a whole, not by geographic region. The following tables set forth the geographical distribution of revenues and assets based on the location of the office that generates the revenues or holds the assets and therefore may not be reflective of the geography in which the Company’s clients are located.

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenues from Contracts with Customers

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

379,090

 

 

$

340,338

 

 

$

735,976

 

 

$

607,124

 

United Kingdom

 

 

87,450

 

 

 

46,229

 

 

 

124,508

 

 

 

89,603

 

Other International

 

 

16,144

 

 

 

14,537

 

 

 

33,152

 

 

 

26,294

 

Total Revenues from Contracts with Customers

 

 

482,684

 

 

 

401,104

 

 

 

893,636

 

 

 

723,021

 

Other1

 

 

3,606

 

 

 

5,780

 

 

 

10,858

 

 

 

8,394

 

Total Revenues

 

$

486,290

 

 

$

406,884

 

 

$

904,494

 

 

$

731,415

 

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Assets

 

 

 

 

 

 

United States

 

$

1,423,278

 

 

$

1,520,017

 

United Kingdom

 

 

226,626

 

 

 

220,295

 

Other International

 

 

105,907

 

 

 

102,938

 

Total

 

$

1,755,811

 

 

$

1,843,250

 

 

1 Includes revenues not otherwise derived from contracts with customers.