v3.26.1
Fair Value of Financial Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value of Financial Assets and Liabilities [Abstract]  
Schedule of Assets and Liabilities that are Measured at Fair Value

The following table presents the Company’s assets and liabilities that are measured at fair value as of March 31, 2026 and December 31, 2025 ($ in thousands):

 

   Fair value measured as of March 31, 2026 
       Quoted   Significant     
   Total at   prices in
Active		   other
observable 		   Significant
unobservable		 
   March 31,   Markets   inputs   inputs 
   2026   (Level 1)   (Level 2)   (Level 3) 
Assets                
Securities owned  $11,118   $
—
   $9,467   $1,651 
Marketable securities  $6,901   $5,494   $1,407   $
—
 

 

   Fair value measured as of December 31, 2025 
       Quoted   Significant     
   Total at   prices in active   other observable   Significant unobservable 
   December 31,   markets   inputs   inputs 
   2025   (Level 1)   (Level 2)   (Level 3) 
Assets                
Securities owned  $9,756   $
—
   $8,014   $1,742 
Marketable securities  $46,516   $45,049   $1,467   $
—
 
Schedule of Financial Assets that are Measured at Fair Value on a Recurring Basis

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial assets that are measured at fair value on a recurring basis ($ in thousands):

 

Securities owned at fair value as of December 31, 2025  $1,741 
      
Unrealized loss included in principal transactions  $(90)
Securities owned at fair value as of March 31, 2026  $1,651