Cohen & Company (COHN) 10-Q 4 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 30, 2024
Document Information [Line Items]
Entity Central Index Key	0001270436
Entity Registrant Name	Cohen & Co Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-32026
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	16-1685692
Entity Address, Address Line One	2929 Arch Street, Suite 1703
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19104
City Area Code	215
Local Phone Number	701-9555
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	COHN
Security Exchange Name	NYSEAMER
Entity Common Stock, Shares Outstanding		1,950,152
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents		$ 14,290	$ 10,650
Receivables from brokers, dealers, and clearing agencies		64,965	66,801
Other receivables		11,079	5,373
Investments-trading		103,617	181,328
Other Investments, Fair Value Disclosure		39,761	72,217
Receivables under resale agreements		543,783	408,408
Investments in equity method affiliates		26,153	14,241
Deferred income taxes		1,685	1,580
Goodwill	[1]	109	109
Right-of-use asset - operating leases		7,193	7,541
Other assets		4,444	3,741
Total assets		818,011	772,761
Liabilities
Payables to brokers, dealers, and clearing agencies		53,674	111,085
Accounts payable and other liabilities		7,474	8,115
Accrued compensation		21,453	17,268
Lease liability - operating leases		7,776	8,216
Trading securities sold, not yet purchased		43,446	65,751
Other investments sold, not yet purchased, at fair value		2,719	24,742
Securities sold under agreements to repurchase		545,993	408,203
Redeemable financial instruments		0	7,868
Debt		34,851	29,716
Total liabilities		717,386	680,964
Commitments and contingencies (See note 21)
Stockholders' Equity:
Voting Non-Convertible Preferred Stock, $0.001 par value per share, 50,000,000 shares authorized, 27,413,098 shares issued and outstanding		27	27
Common Stock, $0.01 par value per share, 100,000,000 shares authorized, 1,950,152 and 1,893,747 shares issued and outstanding, respectively, including 319,291 and 367,491 unvested or restricted share awards, respectively		19	19
Additional paid-in capital		76,323	74,594
Accumulated other comprehensive loss		(948)	(944)
Accumulated deficit		(31,655)	(32,014)
Total stockholders' equity		43,766	41,682
Non-controlling interest		56,859	50,115
Total equity		100,625	91,797
Total liabilities and equity		818,011	772,761
Due From Related Parties [Member]
Assets
Due from related parties		932	772
Other receivables		$ 932	$ 772
[1]Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the tables above.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	27,413,098	27,413,098
Preferred stock, shares outstanding (in shares)	27,413,098	27,413,098
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock, issued (in shares)	1,950,152	1,893,747
Common stock, outstanding (in shares)	1,950,152	1,893,747
Common stock, unvested or restricted share awards (in shares)	319,291	367,491

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Net trading		$ 8,816		$ 7,491		$ 27,462		$ 23,117
Principal transactions and other income (loss)		(1,727)		595		(26,694)		10,440
Total revenues		31,695		17,121		61,057		48,517
Operating expenses
Compensation and benefits		17,915		15,219		43,453		35,757
Business development, occupancy, equipment		1,567		1,268		4,599		3,887
Subscriptions, clearing, and execution		2,691		2,409		6,994		6,877
Professional fee and other operating		2,156		2,189		8,138		6,151
Depreciation and amortization		144		140		393		433
Total operating expenses		24,473		21,225		63,577		53,105
Operating income (loss)		7,222		(4,104)		(2,520)		(4,588)
Non-operating income (expense)
Interest expense, net		(1,256)		(1,685)		(4,347)		(4,907)
Income (loss) from equity method affiliates		(683)		(702)		22,366		(1,608)
Income (loss) before income tax expense (benefit)		5,283		(6,491)		15,499		(11,103)
Income tax expense (benefit)		142		(755)		435		5,379
Net income (loss)		5,141		(5,736)		15,064		(16,482)
Net income (loss)		5,141		(5,736)		15,064		(16,482)
Net income / (loss) attributable to Cohen & Company Inc.		$ 2,150		$ (423)		$ 1,824		$ (9,661)
Net income / (loss) per common share - Basic (in dollars per share)		$ 1.32		$ (0.28)		$ 1.13		$ (6.4)
Weighted average shares outstanding-basic (in shares)		1,630,861		1,521,856		1,609,384		1,510,498
Net income / (loss) per common share - Diluted (in dollars per share)		$ 1.31		$ (0.28)		$ 1.12		$ (6.4)
Weighted average shares outstanding-diluted (in shares)	[1]	5,790,856		5,536,106		5,727,137		1,510,498
Comprehensive income (loss):
Net income (loss)		$ 5,141		$ (5,736)		$ 15,064		$ (16,482)
Other comprehensive (loss) item:
Foreign currency translation adjustments, net of tax of $0		102		(77)		36		(22)
Other comprehensive income (loss), net of tax of $0		102		(77)		36		(22)
Comprehensive income (loss)		5,243		(5,813)		15,100		(16,504)
Less: comprehensive income (loss) attributable to the non-controlling interest		3,064		(5,369)		13,266		(6,835)
Comprehensive income (loss) attributable to Cohen & Company Inc.		2,179		(444)		1,834		(9,669)
Non-controlling Interest of Operating LLC [Member]
Non-operating income (expense)
Less: Net income (loss) attributable to the non-controlling interest		(2,455)		1,936		8,609		8,536
Cohen Co Including Noncontrolling Interest [Member]
Non-operating income (expense)
Net income (loss)		7,596		(7,672)		6,455		(25,018)
Net income (loss)		7,596		(7,672)		6,455		(25,018)
Comprehensive income (loss):
Net income (loss)		7,596		(7,672)		6,455		(25,018)
Non-controlling Interest of Cohen & Co. [Member]
Non-operating income (expense)
Less: Net income (loss) attributable to the non-controlling interest		5,446	[2]	(7,249)	[2]	4,631	[2]	(15,357)
Asset Management [Member]
Revenues		2,147		1,788		6,942		5,418
New Issue and Advisory [Member]
Revenues		$ 22,459		$ 7,247		$ 53,347		$ 9,542
[1]Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows[2]The units of membership interests in the Operating LLC (“LLC Units” ) not held by Cohen & Company Inc. (that is, those held by the non-controlling interest) may be redeemed and exchanged into shares of the Company on a ten-for-one basis. The LLC Units not held by Cohen & Company Inc. are redeemable, at the member’s option at any time, for (i) cash in an amount equal to the average of the per share closing prices of the Common Stock for the ten consecutive trading days immediately preceding the date the Company receives the member’s redemption notice, or (ii) at the Company’s option, one tenth of a share of the Common Stock, subject, in each case, to appropriate adjustment upon the occurrence of an issuance of additional shares of the Common Stock as a dividend or other distribution on the outstanding Common Stock, or a further subdivision or combination of the outstanding shares of the Common Stock. These LLC Units are not included in the computation of basic earnings per share. These LLC Units enter into the computation of diluted net income (loss) per common share when the effect is not anti-dilutive using the if-converted method.

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0
Other comprehensive income (loss), tax	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2022	$ 27	$ 17	$ 72,801	$ (25,151)	$ (955)	$ 46,739	$ 47,287	$ 94,026
Net income (loss)				(2,637)		(2,637)	(7,417)	(10,054)
Other comprehensive income (loss)					10	10	35	45
Acquisition / (surrender) of additional units of consolidated subsidiary, net			582		(12)	570	(570)
Shares withheld for employee taxes			(46)			(46)	(118)	(164)
Dividends/distributions to convertible non-controlling interest				(594)		(594)		(1,781)
Dividends/distributions to convertible non-controlling interest							(1,187)
Redemption of convertible non-controlling interest units							(834)	(834)
Equity-based compensation and vesting of shares		1
Equity-based compensation and vesting of shares			299			300		1,089
Equity-based compensation and vesting of shares							789
Non-convertible non-controlling interest investment							38	38
Balance at Mar. 31, 2023	27	18	73,636	(28,382)	(957)	44,342	38,023	82,365
Balance at Dec. 31, 2022	27	17	72,801	(25,151)	(955)	46,739	47,287	94,026
Net income (loss)								(16,482)
Other comprehensive income (loss)								(22)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			612		(13)		(599)
Balance at Sep. 30, 2023	27	18	74,264	(36,181)	(972)	37,156	35,565	72,721
Balance at Mar. 31, 2023	27	18	73,636	(28,382)	(957)	44,342	38,023	82,365
Net income (loss)				(6,601)		(6,601)	5,909	(692)
Other comprehensive income (loss)					3	3	7	10
Acquisition / (surrender) of additional units of consolidated subsidiary, net			30		(1)	29	(29)
Shares withheld for employee taxes			(3)			(3)	(9)	(12)
Dividends/distributions to convertible non-controlling interest				(390)		(390)		(1,469)
Dividends/distributions to convertible non-controlling interest							(1,079)
Equity-based compensation and vesting of shares			304			304		1,108
Equity-based compensation and vesting of shares							804
Non-convertible non-controlling interest investment							1	1
Balance at Jun. 30, 2023	27	18	73,967	(35,373)	(955)	37,684	43,627	81,311
Net income (loss)				(423)		(423)	(5,313)	(5,736)
Other comprehensive income (loss)					(21)	(21)	(56)	(77)
Acquisition / (surrender) of additional units of consolidated subsidiary, net	0	0	0	0	0	0	0	0
Shares withheld for employee taxes	0	0	0	0	0	0	0	0
Dividends/distributions to convertible non-controlling interest				(385)		(381)		(1,456)
Dividends/distributions to convertible non-controlling interest							(1,075)
Equity-based compensation and vesting of shares			297			297		1,079
Equity-based compensation and vesting of shares							782
Non-convertible non-controlling interest investment							(2,400)	(2,400)
Dividends/distributions to convertible non-controlling interest					4
Balance at Sep. 30, 2023	27	18	74,264	(36,181)	(972)	37,156	35,565	72,721
Balance at Dec. 31, 2023	27	19	74,594	(32,014)	(944)	41,682	50,115	91,797
Net income (loss)				2,023		2,023	21,483	23,506
Other comprehensive income (loss)	0	0	0	0	(15)	(15)	(36)	(51)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			447		(10)	437	(437)
Equity-based compensation		0	325			325	823	1,148
Shares withheld for employee taxes			(52)			(52)	(133)	(185)
Dividends/distributions to convertible non-controlling interest				(647)		(647)		(2,233)
Dividends/distributions to convertible non-controlling interest							(1,586)
Redemption of convertible non-controlling interest units							(659)	(659)
Balance at Mar. 31, 2024	27	19	75,314	(30,638)	(969)	43,753	69,570	113,323
Balance at Dec. 31, 2023	27	19	74,594	(32,014)	(944)	41,682	50,115	91,797
Net income (loss)								15,064
Other comprehensive income (loss)								36
Acquisition / (surrender) of additional units of consolidated subsidiary, net			645		(14)		(631)
Redemption of convertible non-controlling interest units								(659)
Non-convertible non-controlling interest distributions								(3,732)
Balance at Sep. 30, 2024	27	19	76,323	(31,655)	(948)	43,766	56,859	100,625
Balance at Mar. 31, 2024	27	19	75,314	(30,638)	(969)	43,753	69,570	113,323
Net income (loss)				(2,349)		(2,349)	(11,234)	(13,583)
Other comprehensive income (loss)					(4)	(4)	(11)	(15)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			198		(4)	194	(194)
Equity-based compensation			329			329	827	1,156
Shares withheld for employee taxes			(2)			(2)	(2)	(4)
Dividends/distributions to convertible non-controlling interest				(410)		(410)		(1,846)
Dividends/distributions to convertible non-controlling interest							(1,436)
Common stock issued, net			154			154		154
Non-convertible non-controlling interest distributions							(3,567)	(3,567)
Balance at Jun. 30, 2024	27	19	75,993	(33,397)	(977)	41,665	53,953	95,618
Net income (loss)				2,150		2,150	2,991	5,141
Other comprehensive income (loss)					29	29	73	102
Equity-based compensation			330			330	822	1,152
Dividends/distributions to convertible non-controlling interest				(408)		(408)		(1,223)
Dividends/distributions to convertible non-controlling interest							(815)
Non-convertible non-controlling interest distributions							(165)	(165)
Balance at Sep. 30, 2024	$ 27	$ 19	$ 76,323	$ (31,655)	$ (948)	$ 43,766	$ 56,859	$ 100,625

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities
Net income (loss)	$ 15,064	$ (16,482)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Equity-based compensation	3,456	3,275
Loss (gain) on other investments, at fair value	58,704	38,960
Loss (gain) on other investments, sold not yet purchased	(28,590)	(48,269)
Noncash advisory fees received	(20,867)	(492)
(Income) loss from equity method affiliates	(22,366)	1,608
Depreciation and amortization	393	433
Amortization of discount on debt	(11)	455
Deferred tax provision (benefit)	(105)	5,199
Change in operating assets and liabilities, net:
Change in receivables from / payables to brokers, dealers, and clearing agencies	(55,575)	97,047
Change in receivables from / payables to related parties, net	(160)	(13)
(Increase) decrease in other receivables	(5,706)	3,580
(Increase) decrease in investments-trading	77,711	18,352
(Increase) decrease in receivables under resale agreements	(135,375)	19,558
(Increase) decrease in other assets	41	1,499
Increase (decrease) in accounts payable and other liabilities	(1,242)	(89,737)
Increase (decrease) in accrued compensation	4,185	1,903
Increase (decrease) in trading securities sold, not yet purchased	(22,305)	(38,202)
Increase (decrease) in securities sold under agreements to repurchase	137,790	(34,851)
Net cash provided by (used in) operating activities	5,042	(36,177)
Investing activities
Purchase of other investments, at fair value	(52,000)	(55,605)
Purchase of other investments sold, not yet purchased, at fair value	(1,408)	(1,112)
Sales and returns of principal - other investments, at fair value	63,988	51,412
Sales and returns of principal - other investments sold, not yet purchased, at fair value	214	35,955
Investment in equity method affiliate	(193)	(1,806)
Distribution from equity method affiliate	978	5
Purchase of furniture, equipment, and leasehold improvements	(789)	(300)
Net cash provided by (used in) investing activities	10,790	28,549
Financing activities
Repayment of redeemable financial instrument	(2,573)
Proceeds from debt	0	15,000
Repayment of debt	0	(15,000)
Cash used to net share settle equity awards	(189)	(175)
Proceeds from issuance of common stock	154
Cohen & Company Inc. dividends	(1,465)	(1,369)
Convertible non-controlling interest distributions	(3,837)	(3,341)
Redemption of convertible non-controlling units	(659)	(834)
Non-convertible non-controlling interest investment	0	39
Non-convertible non-controlling interest distributions	(3,671)	(2,400)
Net cash provided by (used in) financing activities	(12,240)	(8,080)
Effect of exchange rate on cash	48	(43)
Net increase (decrease) in cash and cash equivalents	3,640	(15,751)
Cash and cash equivalents, beginning of period	10,650	29,101
Cash and cash equivalents, end of period	$ 14,290	$ 13,350

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Nature of Operations [Text Block]	1. Organizational History Cohen Brothers, LLC (“Cohen Brothers”) was formed on October 7, 2004 March 4, 2005 May 31, 2005. From its formation until December 16, 2009, December 16, 2009, As a result of the AFN Merger, AFN contributed substantially all of its assets into Cohen Brothers in exchange for newly issued units of membership interests directly from Cohen Brothers. In addition, AFN received additional Cohen Brothers membership interests directly from its members in exchange for AFN common stock. In accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the AFN Merger was accounted for as a reverse acquisition, and Cohen Brothers was deemed to be the accounting acquirer. As a result, all of AFN’s assets and liabilities were required to be revalued at fair value as of the acquisition date. The remaining units of membership interests of Cohen Brothers that were not Subsequent to the AFN Merger, AFN was renamed Cohen & Company Inc. In January 2011, September 1, 2017 January 1, 2010, The Company The Company is a financial services company specializing in an expanding range of capital markets and asset management services. As of September 30, 2024 , th had $2.4 billion in assets under management (“AUM”) of which $1.0 billion In these financial statements, the “Company” refers to Cohen & Company Inc. and its subsidiaries on a consolidated basis. Cohen & Company, LLC or the “Operating LLC” refers to the main operating subsidiary of the Company. “Cohen Brothers” refers to the pre-AFN Merger Cohen Brothers, LLC and its subsidiaries. “AFN” refers to the pre-merger Alesco Financial Inc. and its subsidiaries. When the term “Cohen & Company Inc.” is used, it refers to the parent company itself. “JVB Holdings” refers to J.V.B. Financial Holdings, LP, a wholly owned subsidiary of the Operating LLC. “JVB” refers to J.V.B. Financial Group, LLC, a wholly owned broker-dealer subsidiary of JVB Holdings. "CCFESA" refers to Cohen & Company Financial (Europe) S.A., a consolidated subsidiary regulated by the Autorite de Controle Prudentiel et de Resolution ("ACPR ") in France. "CCM," a division of JVB, refers to The Company’s business is organized into the following three Capital Markets not Asset Management Principal Investing not The Company generates its revenue by business segment primarily through the following activities. Capital Markets ● Trading activities of the Company, which include execution and brokerage services, riskless trading activities as well as gains and losses (unrealized and realized) and income and expense earned on securities and derivatives classified as trading; ● Revenue earned on the Company’s gestation repo financing program; and ● New issue and advisory revenue comprised of (a) origination fees for newly created financial instruments originated by the Company, (b) revenue from advisory services, (c) underwriting, and (d) revenue associated with arranging and placing the issuance of newly created financial instruments. Asset Management ● Asset management fees for the Company’s on-going asset management services provided to certain Investment Vehicles, which may Principal Investing ● Gains and losses (unrealized and realized) and income and expense earned on securities classified as other investments at fair value and other investments sold, not ● Income and loss earned on equity method investments.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Basis of Accounting [Text Block]	2. The financial statements of the Company included herein were prepared in conformity with U.S. GAAP for interim financial information and with the instructions to Form 10 10 X. not nine September 30, 2024 2023 are not 10 December 31, 2023 . The Company’s management has evaluated subsequent events through the date of issuance of the Consolidated Financial Statements included herein. There have been no 10 three nine September 30, 2024 Capitalized terms used herein without definition have the meanings ascribed to them in the Annual Report on Form 10 December 31, 2023 .

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. A. Adoption of New Accounting Standards In March 2020, 2020 04 , Reference Rate Reform (Topic 848 January 2021 2021 01, Reference Rate Reform (Topic 848 December 31, 2022. December 2022, 2022 06 Topic 848 December 31, 2022 December 31, 2024. 2020 04 2021 01, March 12, 2020, not 20.   In March 2022, 2022 02, Financial Instruments—Credit Losses (Topic 326 2022 02, January 1, 2023, not In August 2020, 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 2020 06, January 1, 2024, not In June 2022, 2022 03, Fair Value Measurement (Topic 820 not not 2022 03, January 1, 2024, not In March 2023, 2023 02, Investments—Equity Method and Joint Ventures (Topic 323 2032 02, January 1, 2024, not B. Recent Accounting Developments In August 2023, 2023 05, Business Combinations— Joint Venture Formations (Subtopic 805 60 January 1, 2025. No. 2023 05 not may In October 2023, 2023 06 , Disclosure Improvements Codification Amendments in Response to the Securities and Exchange Commission ( SEC ) Disclosure Update and Simplification Initiative X no not June 30, 2027. not may In November 2023, 2023 07, Segment Reporting (Topic 280 December 15, 2023, December 15, 2024. may In December 2023, 2023 09, Income Taxes (Topic 740 December 15, 2024 may In March 2024, 2024 01, Compensation—Stock Compensation (Topic 718 718, Compensation-Stock Compensation December 15, 2024 may In March 2024, 2024 02, Codification Improvements — Amendments to Remove References to the Concepts Statements. not December 15, 2024. may C. Fair Value of Financial Instruments The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments. These determinations were based on available market information and appropriate valuation methodologies. Considerable judgment is required to interpret market data to develop the estimates and, therefore, these estimates may not may 8 not Cash and cash equivalents 1 Investments-trading third not Other investments, at fair value not Receivables under resale agreements 2 Trading securities sold, not third not Other investments sold, not not Securities sold under agreements to repurchase 2 Redeemable financial instruments 3 Debt September 30, 2024 December 31, 2023 pany’s de bt was estimated to be and , respectively. The estim ated f 3 Derivatives may not not third  

Note 4 - Other Recent Business

Note 4 - Other Recent Business Transactions or Events	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Other Events [Text Block]	4. JKD Investor On October 3, 2016, January 2017, January 2019. In exchange for the JKD Investment, the Operating LLC agreed to pay to JKD Investor during the term of the JKD Investment Agreement an amount (“JKD Investment Return”) equal to 50% Pursuant to the JKD Investment Agreement, upon the termination of the JKD Investment Agreement, the Operating LLC would pay to the JKD Investor an amount equal to the Investment Balance (as is defined in the JKD Investment Agreement) as of the day prior to such termination. Effective September 1, 2024 September 1, 2024, Pursuant to the terms and conditions of the Redemption Agreement, the Operating LLC (i) paid to JKD Investor $2,573 of the outstanding amount in cash; and (ii) the Company issued to JKD Investor a senior promissory note (the “2024 15. 2024 Effective September1, 2024, 2024 2024 2024 August 31, 2025, August 31, 2026. The 2024 September 1, 2024 2024 January 1, April 1, July 1, October 1, October 1, 2024. 2024 may 2024 2024 The 2024 may not January 31, 2025. 2024 may, 31 2024 January 31, 2025 2024 16. Consolidation of the SPAC Fund Prior to March 31, 2023, not April 1, 2023, April 1, 2023, April 1, 2023, Asset/(Liability) Cash and cash equivalents $ 257 Receivables from brokers, dealers, and clearing agencies 68,066 Other investments, at fair value 40,388 Other assets 108 Accounts payable and other liabilities (82,968 ) Other investments sold, not yet purchased (25,806 ) Vellar GP's remaining investment in the SPAC Fund $ 45

Note 5 - Net Trading

Note 5 - Net Trading	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Trading Activities [Text Block]	5.  Net trading consisted of the following in the periods presented.  NET TRADING (Dollars in Thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net realized gains (losses) - trading inventory $ 5,395 $ 3,250 $ 12,057 $ 13,967 Net unrealized gains (losses) - trading inventory (482 ) 693 4,246 (1,581 ) Net gains and losses 4,913 3,943 16,303 12,386 Interest income- trading inventory 839 1,232 3,349 2,885 Interest income-reverse repos 9,178 8,115 28,365 20,647 Interest income 10,017 9,347 31,714 23,532 Interest expense-repos (8,372 ) (7,214 ) (25,707 ) (18,299 ) Interest expense-margin payable (779 ) (1,744 ) (3,182 ) (4,610 ) Interest expense (9,151 ) (8,958 ) (28,889 ) (22,909 ) Other trading revenue 3,037 3,159 8,334 10,108 Net trading $ 8,816 $ 7,491 $ 27,462 $ 23,117  Trading inventory includes investments classified as investments-trading as well as trading securities sold, not 7. 6. 10 

Note 6 - Receivables From and P

Note 6 - Receivables From and Payables to Brokers, Dealers, and Clearing Agencies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Due to and from Broker-Dealers and Clearing Organizations Disclosure [Text Block]	6. Amounts receivable from brokers, dealers, and clearing agencies consisted of the following. RECEIVABLES FROM BROKERS, DEALERS, AND CLEARING AGENCIES (Dollars in Thousands) September 30, 2024 December 31, 2023 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net 1,293 1,527 Receivables from clearing agencies 63,422 65,024 Receivables from brokers, dealers, and clearing agencies $ 64,965 $ 66,801 Amounts payable to brokers, dealers, and clearing agencies consisted of the following.  PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES (Dollars in Thousands) September 30, 2024 December 31, 2023 Margin payable $ 53,674 $ 111,085 Payables to brokers, dealers, and clearing agencies $ 53,674 $ 111,085  Deposits with clearing agencies represent contractual amounts the Company is required to deposit with its clearing agents.  Securities transactions that settle in the regular way are recorded on the trade date, as if they had settled. The related amounts receivable and payable for unsettled securities transactions are recorded net in receivables from or payables to brokers, dealers, and clearing agencies on the Company’s consolidated balance sheets.  Receivables from clearing agencies are primarily comprised of cash received by the Company upon execution of short trades that is restricted from withdrawal by the clearing agent.  Margin payable represents amounts borrowed from Pershing, LLC to finance the Company’s trading portfolio. See note 5 7. 

Note 7 - Financial Instruments

Note 7 - Financial Instruments	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	7. Investments—Trading Investments-trading consisted of the following. INVESTMENTS - TRADING (Dollars in Thousands) September 30, 2024 December 31, 2023 Corporate bonds and redeemable preferred stock $ 35,412 53,657 Derivatives 3,114 7,470 Equity securities 688 928 Municipal bonds 10,900 20,572 Residential mortgage loans - 3,113 RMBS 5 9 SBA loans 2,380 - U.S. government agency debt securities 704 6,567 U.S. government agency MBS and CMOs 50,363 88,000 U.S. Treasury securities 51 1,012 Investments-trading $ 103,617 $ 181,328  Substantially all of the Company's investments-trading serve as collateral for the Company's margin loan payable. See note 6. Trading Securities Sold, Not Trading securities sold, not TRADING SECURITIES SOLD, NOT (Dollars in Thousands) September 30, 2024 December 31, 2023 Corporate bonds and redeemable preferred stock $ 14,547 $ 24,355 Derivatives 1,745 6,719 Equity securities 211 393 U.S. government agency debt securities 43 - U.S. Treasury securities 26,900 34,284 Trading securities sold, not yet purchased $ 43,446 $ 65,751 The Company manages its exposure to changes in interest rates for the interest rate sensitive securities it holds by entering into offsetting short positions for similar fixed rate securities. See note 5 Other Investments, at Fair Value Other investments, at fair value consisted of the following. OTHER INVESTMENTS, AT FAIR VALUE (Dollars in Thousands) September 30, 2024 December 31, 2023 Equity securities $ 5,564 $ 38,038 Equity derivatives 72 1,447 Restricted equity securities 11,543 2,054 Corporate bonds and redeemable preferred stock 631 506 Fair value receivables 13,848 9,541 Interests in SPVs 461 12,609 CREO JV 4,778 4,783 U.S. Insurance JV 2,864 3,107 Residential mortgage loans - 132 Other investments, at fair value $ 39,761 $ 72,217 As of September 30, 2024 December 31, 2023, 9. Fair value receivables represent receivables (including receivables that are convertible into equity shares) from various counterparties in connection with the Company's advisory and SFA business. These receivables are carried at fair value. Interests in SPVs represents the consideration the Company has received for services provided by CCM, rather than cash. The SPVs hold convertible notes receivable interests in the counterparties. The Company does not 9 A total o f $996 a September 30, 2024 December 31, 2023 6. Other Investments Sold, Not Other investments sold, not OTHER INVESTMENTS SOLD, NOT (Dollars in Thousands) September 30, 2024 December 31, 2023 Restricted equity securities $ 2,123 $ 97 Share forward liabilities 596 24,645 Other investments sold, not yet purchased, at fair value $ 2,719 $ 24,742 Share forward liabilities represent derivative positions related to SFAs entered into by the Company. See description of SFAs in note 9.

Note 8 - Fair Value Disclosures

Note 8 - Fair Value Disclosures	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	8. Fair Value Option The Company has elected to account for certain of its other financial assets at fair value under the fair value option provisions of FASB ASC 825. Such financial assets accounted for at fair value include: ● securities that would otherwise qualify for available for sale treatment; ● investments in equity method affiliates that have the attributes in FASB ASC 946 10 15 2 ● investments in residential mortgage loans. The changes in fair value (realized and unrealized gains and losses) of these instruments for which the Company has elected the fair value option are recorded in principal transactions and other income in the consolidated statements of operations. All of the investments for which the Company has elected the fair value option are included as a component of other investments, at fair value in the consolidated balance sheets. The Company recognized net gains (losses) of and , related to changes in fair value of investments that were included as a component of other investments, at fair value during the three September 30, 2024 2023 , respectively. The Company recognized net gains (losses) of ($58,704) and ($38,960) , related to changes in fair value of investments that were included as a component of other investments, at fair value during the nine September 30, 2024 2023 , respectively. The Company recognized net gains (losses) of $7,591 and $25,218 related to changes in fair value of investments that were included as a component of other investments sold, not three September 30, 2024 2023 , respectively. The Company recognized net gains (losses) of $28,590 and $48,269 related to changes in fair value of investments that were included as a component of other investments sold, not nine September 30, 2024 2023 , respectively. Fair Value Measurements In accordance with FASB ASC 820, three 1 3 three 820 Level 1 Level 2 one 1. Quoted prices for similar assets or liabilities in active markets; 2. Quoted prices for identical or similar assets or liabilities in non-active markets; 3. Pricing models with inputs that are derived, other than quoted prices, and observable for substantially the full term of the asset or liability; or 4. Pricing models with inputs that are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. Level 3 In certain cases, the inputs used to measure fair value may Both observable and unobservable inputs may 3 3 may may The following tables present information about the Company’s assets and liabilities measured at fair value as of September 30, 2024 December 31, 2023 FAIR VALUE MEASUREMENTS ON A RECURRING BASIS September 30, 2024 (Dollars in Thousands) Significant Significant Quoted Prices in Observable Unobservable Active Markets Inputs Inputs Assets Fair Value (Level 1) (Level 2) (Level 3) Investments-trading: Corporate bonds and redeemable preferred stock $ 35,412 $ - $ 35,412 $ - Derivatives 3,114 - 3,114 - Equity securities 688 394 294 - Municipal bonds 10,900 - 10,900 - RMBS 5 - 5 - SBA loans 2,380 - 2,380 - U.S. government agency debt securities 704 - 704 - U.S. government agency MBS and CMOs 50,363 - 50,363 - U.S. Treasury securities 51 51 - - Total investments - trading $ 103,617 $ 445 $ 103,172 $ - Other investments, at fair value: Equity securities $ 5,564 $ 5,564 $ - $ - Equity derivatives 72 - 72 - Restricted equity securities 11,543 9,075 2,468 - Corporate bonds and redeemable preferred stock 631 - 631 - Fair value receivables 13,848 - 13,848 - Interests in SPVs 461 - 461 - 32,119 $ 14,639 $ 17,480 $ - Investments measured at NAV (1) 7,642 Total other investments, at fair value $ 39,761 Liabilities Trading securities sold, not yet purchased: Corporate bonds and redeemable preferred stock $ 14,547 $ - $ 14,547 $ - Derivatives 1,745 - 1,745 - Equity securities 211 211 - - U.S. government agency debt securities 43 - 43 - U.S. Treasury securities 26,900 26,900 - - Total trading securities sold, not yet purchased $ 43,446 $ 27,111 $ 16,335 $ -  Other investments, sold not yet purchased: Equity securities $ 2,123 $ - $ 2,123 $ - Share forward liabilities 596 - 596 - Total other investments sold, not yet purchased $ 2,719 $ - $ 2,719 $ -  ( 1 As a practical expedient, the Company uses NAV (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV and the CREO JV. The U.S. Insurance JV invests in U.S. Dollar ("USD") denominated debt issued by small insurance and reinsurance companies. The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans. According to ASC 820, not FAIR VALUE MEASUREMENTS ON A RECURRING BASIS December 31, 2023 (Dollars in Thousands) Significant Significant Quoted Prices in Observable Unobservable Active Markets Inputs Inputs Assets Fair Value (Level 1) (Level 2) (Level 3) Investments-trading: Corporate bonds and redeemable preferred stock $ 53,657 $ - $ 53,657 $ - Derivatives 7,470 - 7,470 - Equity securities 928 639 289 - Municipal bonds 20,572 - 20,572 - Residential mortgage loans 3,113 - 3,113 - RMBS 9 - 9 - U.S. government agency debt securities 6,567 - 6,567 - U.S. government agency MBS and CMOs 88,000 - 88,000 - U.S. Treasury securities 1,012 1,012 - - Total investments - trading $ 181,328 $ 1,651 $ 179,677 $ - Other investments, at fair value: Equity Securities $ 38,038 $ 38,038 $ - $ - Equity derivatives 1,447 - 1,447 - Restricted Equity Securities 2,054 - 2,054 - Corporate bonds and redeemable preferred stock 506 - 506 - Fair value receivables 9,541 - 9,541 - Interests in SPVs 12,609 - 12,609 - Residential mortgage loans 132 - 132 - 64,327 $ 38,038 $ 26,289 $ - Investments measured at NAV (1) 7,890 Total other investments, at fair value $ 72,217 Liabilities Trading securities sold, not yet purchased: Corporate bonds and redeemable preferred stock $ 24,355 $ - $ 24,355 $ - Derivatives 6,719 - 6,719 - Equity securities 393 393 - - U.S. Government Agency debt - - - - U.S. Treasury securities 34,284 34,284 - - Total trading securities sold, not yet purchased $ 65,751 $ 34,677 $ 31,074 $ -  Other investments, sold not yet purchased: Equity securities $ 97 $ 97 $ - $ - Share forward liabilities 24,645 - 24,645 - Total other investments sold, not yet purchased $ 24,742 $ 97 $ 24,645 $ -  ( 1 As a practical expedient, the Company uses NAV (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV and the CREO JV. The U.S. Insurance JV invests in USD denominated debt issued by small insurance and reinsurance companies. The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans. According to ASC 820, not The following provides a brief description of the types of financial instruments the Company holds, the methodology for estimating fair value, and the level within the valuation hierarchy of the estimate. The discussion that follows applies regardless of whether the instrument is included in investments-trading; other investments, at fair value; other investments sold, not not CLOs and CDOs two two third 2 two 2 two may 3 If quotations are unavailable, prices observed by the Company for recently executed market transactions or valuation models prepared by the Company’s management may 3 Establishing fair value is inherently subjective (given the volatile and sometimes illiquid markets for certain interests in securitizations) and requires management to make a number of assumptions, including assumptions about the future of interest rates, discount rates, and the timing of cash flows. The assumptions the Company applies are specific to each security. Although the Company may third Certificates of Deposit third 2 Corporate Bonds and Redeemable Preferred Stock third 2 1 Equity Securities 1 2 3 Equity Securities Without Readily Determinable Fair Value not not 321 10 35 2. 1 2 Restricted Equity Securities 2 1 not no Fair value receivables third 9. 2 Foreign Government Bonds third 2 Interests in SPVs first may 2 Municipal Bonds third third 2 third 3 third Residential Mortgage Loans 2 RMBS third third third 2 SBA Loans third third 2 not 2 3 not. U.S. Government Agency Debt Securities third 1 2 U.S. Government Agency MBS and CMOs third third 2 U.S. Treasury Securities not 1 Derivatives TBAs and Other Forward Agency MBS Contracts The Company generally values these securities using third third 2 3 not 9. Other Extended Settlement Trades When the Company buys or sells a financial instrument that will not Equity Derivatives The Company may 1 not 2 Foreign Currency Forward Contracts Foreign currency forward contracts are exchange-traded derivatives, which transact on an exchange that is deemed to be active. The fair value of the foreign currency forward contracts is based on current quoted market prices. Valuation adjustments are not 1 9. Share forward liabilities Share forward liabilities are included as a component of other investments sold, not 2 9. Investments in Certain Entities that Calculate NAV Per Share (or its Equivalent) The following table presents additional information about investments in certain entities that calculate NAV per share (regardless of whether the “practical expedient” provisions of FASB ASC 820 September 30, 2024 December 31, 2023 Fair Value September 30, 2024 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO JV (a) $ 4,778 $ 11,543 N/A N/A U.S. Insurance JV (b) 2,864 N/A N/A N/A $ 7,642  Fair Value December 31, 2023 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO JV (a) $ 4,783 $ 11,150 N/A N/A U.S. Insurance JV (b) 3,107 N/A N/A N/A $ 7,890 N/A Not (a) The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans. (b) The U.S. Insurance JV invests in USD denominated debt issued by small and medium size insurance and reinsurance companies.

Note 9 - Derivative Financial I

Note 9 - Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	9. FASB ASC 815, Derivatives and Hedging 815” not 815. All of the derivatives that the Company enters into contain master netting arrangements. If certain requirements are met, the offsetting provisions included in FASB ASC 210, Balance Sheet 210” not 210 not no Derivative financial instruments are recorded at fair value. If the derivative was entered into as part of the Company’s broker-dealer operations, it will be included as a component of investments-trading or trading securities sold, not The Company may, may Derivatives involve varying degrees of off-balance sheet risk, whereby changes in the level or volatility of interest rates or market values of the underlying financial instruments may The Company may, Equity Derivatives A significant portion of the Company’s equity holdings are carried at fair value. From time to time, the Company hedges a portion of this exposure by entering into equity derivatives such as puts and short call options. These derivative positions are held at fair value as a component of other investments, at fair value and other investments sold, not September 30, 2024 December 31, 2023 may In addition, the Company may not September 30, 2024 December 31, 2023 The Company may not not 7. TBAs and Other Forward Agency MBS Contracts TBAs are forward contracts to purchase or sell MBS with collateral that remains “to be announced” until just prior to the trade settlement date. In addition to TBAs, the Company sometimes enters into forward purchases or sales of agency MBS where the underlying collateral has been identified. These transactions are referred to as other forward agency MBS contracts. TBAs and other forward agency MBS contracts are accounted for as derivatives by the Company under ASC 815. not In addition to TBAs and other forward agency MBS contracts as part of the Company’s broker-dealer operations, the Company may, not not The Company enters into TBAs and other forward agency MBS transactions for three (i) The Company trades U.S. government agency obligations. In connection with these activities, the Company may may (ii) The Company also enters into TBAs and other forward agency MBS contracts in order to assist clients (generally small to mid-size mortgage loan originators) in hedging the interest rate risk associated with the mortgages owned by these clients. (iii) Finally, the Company may The Company carries TBAs and other forward agency MBS contracts at fair value and includes them as a component of investments-trading or trading securities sold, not September 30, 2024 December 31, 2023 Other Extended Settlement Trades When the Company buys or sells a financial instrument that will not September 30, 2024 December 31, 2023  Foreign Currency Forward Contracts The Company invests in foreign currency denominated investments that expose it to fluctuations in foreign currency rates, and, therefore, the Company may, September 30, 2024 December 31, 2023 The following table presents the Company’s derivative financial instruments and the amount and location of the fair value (unrealized gain / (loss)) recognized in the consolidated balance sheets as of September 30, 2024 December 31, 2023 DERIVATIVE FINANCIAL INSTRUMENTS-BALANCE SHEET INFORMATION (Dollars in Thousands)  Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Balance Sheet Classification September 30, 2024 December 31, 2023 TBAs and other forward agency MBS Investments-trading $ 3,114 $ 7,470 TBAs and other forward agency MBS Trading securities sold, not yet purchased (1,745 ) (6,719 ) Equity derivatives Other investments, at fair value 72 1,447 Share forward liabilities Other investments sold, not yet purchased, at fair value (596 ) (24,645 ) $ 845 $ (22,447 ) The following tables present the Company’s derivative financial instruments, and the amount and location of the net gain (loss) recognized in the consolidated statements of operations. DERIVATIVE FINANCIAL INSTRUMENTS-STATEMENT OF OPERATIONS INFORMATION (Dollars in Thousands)  Three Months Ended September 30, Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification 2024 2023 TBAs and other forward agency MBS Revenue-net trading $ 421 $ 2,141 Equity derivatives Principal transactions and other income (loss) (804 ) 744 Share forward liabilities Principal transactions and other income (loss) 6,414 25,232 $ 6,031 $ 28,117 Nine Months Ended September 30, Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification 2024 2023 TBAs and other forward agency MBS Revenue-net trading $ 3,024 $ 4,063 Equity derivatives Principal transactions and other income (loss) (1,447 ) 1,266 Share forward liabilities Principal transactions and other income (loss) 22,746 48,271 $ 24,323 $ 53,600 The share forward liabilities offset certain long positions included as a component of other investments, at fair value. The offsetting long positions had income / (loss) of ($20,038) and ($32,229) for the nine September 30, 2024 2023 SFAs The Company has engaged in several transactions known as SFAs. In a typical SFA transaction, the Company acquires an interest in a publicly traded company (referred to as the "SFA Counterparty") through open-market purchases, direct acquisitions from the SFA Counterparty, or a combination thereof. These interests can take the form of unrestricted common shares, restricted common shares, equity derivatives, or fair value receivables. Upon acquiring these interests, the Company enters into an SFA derivative arrangement with the SFA Counterparty. In cases where the Company acquires its interests in the SFA Counterparty through open-market purchases, the SFA generally requires an up-front payment to the Company from the SFA Counterparty. The amount of this payment equals the cost paid by the Company for those interests, less a shortfall amount in certain cases. To fund the shortfall portion of the initial investment, the Company will utilize available cash on hand or available financing. The SFA stipulates that the Company must make a payment to the SFA Counterparty on a certain maturity date. Depending on the terms of the SFA, this payment may Importantly, the SFA does not not Furthermore, SFAs usually include a provision allowing the Company to terminate the SFA, either in whole or in part, before its maturity by making an agreed-upon payment based on an amount defined in the SFA (the “Reset Price”). The Reset Price may SFAs also impose various obligations on the SFA Counterparty that may not not may The Company accounts for SFA transactions as follows: ● The interests in public companies that it owns are carried at fair value. Refer to note 8 ● The derivative obligation arising from the SFA is also carried at fair value. Fair value represents the amount the Company would need to pay to settle the SFA obligation at any reporting period date. If the SFA allows the Company multiple methods of settling the obligation, the Company will choose the most advantageous one not may ● The Company does not ● In cases where the Company earns Maturity Consideration and the amount it is owed exceeds the fair value of the interest it owns that is available to offset, the Company will consider the probability of payment of the remaining Maturity Consideration based on the credit quality of the SFA Counterparty and general market conditions. If the Company determines the collection of the remaining Maturity Consideration owed is not not The following table shows the carrying value of the assets and liabilities of SFA transactions as of the reporting period dates. SHARE FORWARD ARRANGEMENTS (Dollars in Thousands) September 30, 2024 December 31, 2023 Equity securities $ 1,452 $ 26,079 Equity derivatives - 1,447 Fair value receivables - 6,278 Share forward liabilities (596 ) (24,645 ) Net fair value of share forward arrangements $ 856 $ 9,159

Note 10 - Collateralized Securi

Note 10 - Collateralized Securities Transactions	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]	10. Gestation Repo Gestation repo involves entering into repo and reverse repo transactions where the underlying collateral security represents a pool of newly issued mortgage loans. The borrowers (the reverse repo counterparties) are generally mortgage originators. The lenders (the repo counterparties) are a diverse group of the counterparties comprised of banks, insurance companies, and other financial institutions. The Company self-clears its gestation repo transactions. Gestation trades can be structured in two On Balance Sheet one Agency Repo first three Bankruptcy of Gestation Repo Counterparty As of June 30, 2022, June 30, 2022, June 30, 2022, September 30, 2024 December 31, 2023 During the nine September 30, 2024 2023 Other Repo Transactions In addition to the Company’s gestation repo business, the Company may may no Repo Information As of September 30, 2024 December 31, 2023 As of September 30, 2024 December 31, 2023 Concentration  In the gestation repo business, the demand for borrowed funds is generated by the reverse repo counterparty and the supply of funds is provided by the repo counterparty.  The gestation repo business has been and continues to be concentrated with respect to reverse repurchase counterparties. The Company conducts this business with a limited number of reverse repo counterparties. As of September 30, 2024 December 31, 2023 The total net revenue earned by the Company on its gestation repo business (net interest margin and fee revenue) was $3,843 and $10,992 for the three nine September 30, 2024 three nine September 30, 2023  Detail ASC 210 lateral (see note 13 The following tables summarize the remaining contractual maturity of the gross obligations under repos accounted for as secured borrowings segregated by the underlying collateral pledged as of each date shown. All amounts as well as counterparty cash collateral (see note 13 SECURED BORROWINGS (Dollars in Thousands) September 30, 2024 Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total MBS (gestation repo) $ - $ 543,613 $ - $ - $ 543,613 SBA loans 2,380 - - - 2,380 $ 2,380 $ 543,613 $ - $ - $ 545,993 Reverse Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total MBS (gestation repo) $ - $ 543,783 $ - $ - $ 543,783 $ - $ 543,783 $ - $ - $ 543,783 The weighted average interest rate of the repurchase agreements outstanding as of September 30, 2024 September 30, 2024 SECURED BORROWINGS (Dollars in Thousands) December 31, 2023   Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total MBS (gestation repo) $ - $ 408,203 $ - $ - $ 408,203 $ - $ 408,203 $ - $ - $ 408,203 Reverse Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total MBS (gestation repo) $ - $ 408,408 $ - $ - $ 408,408 $ - $ 408,408 $ - $ - $ 408,408 The weighted average interest rate of the repurchase agreements outstanding as of December 31, 2023 December 31, 2023

Note 11 - Investments in Equity

Note 11 - Investments in Equity Method Affiliates	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	11. Equity method accounting requires that the Company record its investments in equity method affiliates on the consolidated balance sheets and recognize its share of the equity method affiliates’ net income as earnings each reporting period. The Company elected to use the cumulative earnings approach for the distributions it receives from its equity method investments. Under the cumulative earnings approach, any distributions received up to the amount of cumulative earnings are treated as return on investment and classified in operating activities within the statement of cash flows. Any excess distributions would be considered as return of investment and classified in investing activities. The Company has certain equity method affiliates for which it has elected the fair value option. Those investees are excluded from the table below. Those investees are included as a component of other investments, at fair value in the consolidated balance sheets. All gains and losses (unrealized and realized) from securities classified as other investments, at fair value in the consolidated balance sheets are recorded as a component of principal transactions and other income in the consolidated statement of operations. See notes 8 24.  The following table summarizes the activity and earnings in the Company’s investments that are accounted for under the equity method. INVESTMENTS IN EQUITY METHOD AFFILIATES (Dollars in Thousands) Dutch Real Estate Entities SPAC Sponsor Entities and Other Total January 1, 2024 $ 5,864 $ 8,377 $ 14,241 Investments / advances - 193 193 Distributions / repayments - (978 ) (978 ) Reclasses to (from) - (9,669 ) (9,669 ) Earnings / (loss) recognized (344 ) 22,710 22,366 September 30, 2024 $ 5,520 $ 20,633 $ 26,153 Dutch Real Estate Entities SPAC Sponsor Entities and Other Total January 1, 2023 $ 5,530 $ 3,399 $ 8,929 Investments / advances - 1,806 1,806 Distributions / repayments - (5 ) (5 ) Reclasses to (from) - (362 ) (362 ) Earnings / (loss) recognized 72 (1,680 ) (1,608 ) September 30, 2023 $ 5,602 $ 3,158 $ 8,760 Dutch Real Estate Entities include: (i) Amersfoort Office Investment I Cooperatief U. A. (“AOI”), a company based in the Netherlands that invests in real estate, and (ii) CK Capital Partners B.V. (“CK Capital”), a company based in the Netherlands that manages investments in real estate. See note 24. not not no

Note 12 - Leases

Note 12 - Leases	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	12.  The Company leases office space and certain computers and related equipment. From time to time, the Company subleases office space to other tenants. Under the requirements of ASC 842,  Rent expense is recognized on a straight-line basis over the lease term and is included in business development, occupancy, and equipment expense.  As of September 30, 2024  Maturities of operating lease liability payments consisted of the following. FUTURE MATURITY OF LEASE LIABILITIES (Dollars in Thousands) September 30, 2024 2024 - remaining $ 502 2025 1,930 2026 1,674 2027 1,695 2028 1,708 Thereafter 1,304 Total 8,813 Less imputed interest (1,037 ) Lease obligation $ 7,776 During the nine September 30, 2024 2023 No For the three nine September 30, 2024 three nine September 30, 2023 December 2023, second 3 December 31, 2024. not

Note 13 - Other Receivables, Ot

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Other Receivables, Other Assets, Accounts Payable and Other Liabilities [Text Block]	13.  Other receivables consisted of the following. OTHER RECEIVABLES (Dollars in Thousands) September 30, 2024 December 31, 2023 Asset management fees receivable $ 2,157 $ 1,085 New issue fee receivable 5,703 1,181 Accrued interest and dividend receivable 892 1,689 Revenue share receivable 998 321 Agency repo income receivable 447 391 Miscellaneous other receivables 882 706 Other receivables $ 11,079 $ 5,373  Asset management fees receivable are of a routine and short-term nature. These amounts are generally accrued monthly and paid on a monthly or quarterly basis. New issue fee receivable represents fees due for new issue and advisory services. Accrued interest and dividends receivable represent interest and dividends accrued on the Company’s investment securities included as a component of investments-trading or other investments, at fair value. Interest payable on securities sold, not Revenue share receivable represents the amount due to the Company for the Company’s share of a revenue arrangement generated from an entity in which the Company receives a share of the entity’s revenue. Agency repo income receivable represents income receivable on gestation repo trades. See note 10. Miscellaneous other receivables represent other receivables that are of a short-term nature.  Other assets consisted of the following. OTHER ASSETS (Dollars in Thousands) September 30, 2024 December 31, 2023 Prepaid expenses $ 1,860 $ 1,328 Prepaid taxes - 235 Deposits 740 730 Furniture, equipment, and leasehold improvements, net 1,678 1,282 Intangible assets 166 166 Other assets $ 4,444 $ 3,741  Prepaid expenses represent amounts paid for services that are being amortized over their expected period of use and benefit. They are all routine and short-term in nature. Deposits are amounts held by landlords or other parties that will be returned or offset upon satisfaction of a lease or other contractual arrangement. See note 16 10 December 31, 2023  Accounts payable and other liabilities consisted of the following. ACCOUNTS PAYABLE AND OTHER LIABILITIES (Dollars in Thousands) September 30, 2024 December 31, 2023 Accounts payable $ 626 $ 1,180 Redeemable financial instruments accrued interest - 90 Accrued income tax 488 - Accrued interest payable 579 474 Accrued interest on securities sold, not yet purchased 432 725 Payroll taxes payable 2,232 2,118 Accrued expense and other liabilities 3,117 3,528 Accounts payable and other liabilities $ 7,474 $ 8,115 The redeemable financial instrument accrued interest represents accrued interest on the JKD Investor redeemable financial instrument. See note 15.

Note 14 - Variable Interest Ent

Note 14 - Variable Interest Entities	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Variable Interest Entity Disclosure [Text Block]	14.  As a general matter, a reporting entity must consolidate a variable interest entity (“VIE”) when it is deemed to be the primary beneficiary. The primary beneficiary is the entity that has both (a) the power to direct the matters that most significantly impact the VIE’s financial performance and (b) a significant variable interest in the VIE.  Consolidated VIEs The Company determined it was the primary beneficiary of several VIEs and, therefore, has consolidated them. The following table provides certain information regarding the consolidated VIEs. CARRYING VALUE OF CONSOLIDATED VARIABLE INTEREST ENTITIES (Dollars in Thousands) September 30, 2024 December 31, 2023 Cash and cash equivalents $ 221 $ 27 Due from broker 6,296 461 Other receivables 19 0 Other investments, at fair value 8,411 34,129 Investment in equity method affiliates 15,125 2,638 Other investments sold, not yet purchased, at fair value (2,565 ) (24,396 ) Non-controlling interest (14,480 ) (9,604 ) Investment in consolidated VIEs $ 13,027 $ 3,255 The maximum potential loss the Company could incur related to the consolidated VIEs is the investment in consolidated VIEs shown in the table above, plus the Company has to fund additional working capital to the equity method investees of certain of the consolidated VIEs. The Company’s Principal Investing Portfolio  Included in other investments, at fair value in the consolidated balance sheets, are investments in several VIEs. In each case, the Company determined it was not September 30, 2024 December 31, 2023 $11,543 not three nine September 30, 2024 2023 September 30, 2024 December 31, 2023  For each investment management contract entered into by the Company, the Company assesses whether the entity being managed is a VIE and if the Company is the primary beneficiary. Certain of the Investment Vehicles managed by the Company are VIEs. Under the current guidance of ASU 2015 12, not no not  The Company’s Trading Portfolio  From time to time, the Company may not not not two not  The following table presents the carrying amounts of the assets in the Company’s consolidated balance sheets related to the Company’s variable interests in identified VIEs with the exception of (i) the two 16 not September 30, 2024 December 31, 2023 CARRYING VALUE OF VARIABLE INTERESTS IN NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (Dollars in Thousands) September 30, 2024 December 31, 2023 Other investments, at fair value $ 8,103 $ 20,499 Investments in equity method affiliates 20,633 5,739 Maximum exposure $ 28,736 $ 26,238

Note 15 - Redeemable Financial

Note 15 - Redeemable Financial Instruments	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	15.  Redeemable financial instruments consisted of the following. REDEEMABLE FINANCIAL INSTRUMENTS (Dollars in Thousands) September 30, 2024 December 31, 2023 JKD Investor $ - $ 7,868 $ - $ 7,868  On October 3, 2016, January 2017, January 2019. March 6, 2019 February 13, 2023. In exchange for the JKD Investment, the Operating LLC agreed to pay to JKD Investor during the term of the JKD Investment Agreement an amount (“JKD Investment Return”) equal to 50% of the difference between (i) the revenues generated during a quarter by the activities of the Institutional Corporate Trading Business of JVB (as defined in the JKD Investment Agreement, as amended) and (ii) certain expenses incurred by such Institutional Corporate Trading Business. This JKD Investment Return was recorded monthly as interest expense or (interest income) with the related accrued interest recorded in accounts payable and other accrued liabilities. If the return was negative in an individual quarter, it would reduce the balance of the JKD Investment. Payments on the JKD Investment Return were made on a quarterly basis. Pursuant to the JKD Investment Agreement, upon the termination of the JKD Investment Agreement, as amended, the Operating LLC would pay to the JKD Investor an amount equal to the Investment Balance (as such term is defined in the JKD Investment Agreement, as amended) as of the day prior to such termination. Effective September 1, 2024, September 1, 2024, Pursuant to the terms and conditions of the Redemption Agreement, the Operating LLC (i) paid to JKD Investor $2,573 of the outstanding amount in cash, and (ii) the Company issued to JKD Investor a senior promissory note (the “2024 The Redemption Agreement contains customary representations and warranties on the part of each of the Operating LLC and JKD Investor. See Note 4 2024

Note 16 - Debt

Note 16 - Debt	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	16.  The Company had the following debt outstanding. DETAIL OF DEBT (Dollars in Thousands) As of As of Interest Description September 30, 2024 December 31, 2023 Rate Terms Interest (2) Maturity Non-convertible debt: 12.00% senior note (the "2024 Note") $ 5,146 $ - Fixed 12.00% August 2026 12.00% senior note (the "2020 Note") 4,500 4,500 Fixed 12.00% January 2026 Junior subordinated notes: (1) Alesco Capital Trust I 28,125 28,125 Variable 9.52% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 9.02% March 2035 Less unamortized discount (22,920 ) (22,909 ) 25,205 25,216 Byline Credit Facility - - Variable NA June 2025 Total $ 34,851 $ 29,716 ( 1 The junior subordinated notes listed represent debt the Company owes to the two $49,614. $1,489. not $0. September 30, 2024 ( 2 Represents the interest rate in effect as of the last day of the reporting period.  The 2024 On September 1, 2024, 2024 2024 August 31, 2025, August 31, 2026. The 2024 September 1, 2024 2024 January 1, April 1, July 1, October 1, October 1, 2024. 2024 may 2024 2024 The 2024 may not January 31, 2025. 2024 may, 31 January 31, 2025 The 2024 2024 September 1, 2024. 2024 September 1, 2024, may not 2024 4 15. The 2020 On January 5, 2024, 2020 2020 January 31, 2024 January 31, 2026, ( 2020 may January 31, 2023 January 31, 2025, 2020 may January 31, 2023 January 31, 2025; 2020 January 31, 2024. Junior Subordinated Notes The Company assumed $49,614 aggregate principal amount of junior subordinated notes outstanding at the time of the AFN Merger. The Company recorded the debt at fair value on the acquisition date. Any difference between the fair value of the junior subordinated notes on the AFN Merger date and the principal amount of debt is amortized into earnings over the estimated remaining life of the underlying debt as an adjustment to interest expense. The junior subordinated notes are payable to two 1. Alesco Capital Trust I June 2007. July 30, 2037 may 90 June 30, 2023. no 90 2. Sunset Financial Statutory Trust I ( “ Sunset Financial Trust ” ) March 2005. March 30, 2035. 90 June 30, 2023. no Alesco Capital Trust I and Sunset Financial Trust (collectively, the “Trusts”) described above are VIEs pursuant to variable interest provisions included in ASC 810 not not not not not The junior subordinated notes have several financial covenants. Since the AFN Merger, Cohen & Company Inc. has been in violation of one not not Byline Credit Facility On October 28, 2020, October 28, 2020 June 2024, no Effective as of June 30, 2024, June 18, 2024, June 18, 2024 June 18, 2025. Loans under the Byline Credit Facility bear interest at a per annum rate equal to Term SOFR plus 6.0%, no 7.0%. $15,000 The Company is also required to pay on each anniversary a commitment fee at a per annum rate equal to 0.50% of the $15,000 commitment under the Byline Credit Facility. Loans under the Byline Credit Facility must be used by the Company for working capital purposes and general liquidity. The Company may $15,000 not five may June 18, 2025. June 18, 2025. The Company is subject to the following financial covenants in the Byline Credit Facility. As of September 30, 2024 December 31, 2023 1. $70,000; 2. 15c3 1 $40,000; 3. not As of September 30, 2024 December 31, 2023  Interest Expense, net INTEREST EXPENSE (Dollars in Thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Junior subordinated notes 1,199 $ 1,402 $ 3,532 $ 3,887 2020/2024 Notes 187 114 449 337 Byline Credit Facility 19 59 57 282 Redeemable financial instrument - JKD Investor (149 ) 110 309 401 $ 1,256 $ 1,685 $ 4,347 $ 4,907 

Note 17 - Equity

Note 17 - Equity	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Shareholders' Equity and Share-Based Payments [Text Block]	17. Stockholders’ Equity Common Equity nine September 30, 2024 Common Stock Shares December 31, 2023 1,526,256 Issuance of shares 13,500 Units exchanged into shares 7,209 Vesting of shares 110,091 Shares withheld for employee taxes and retired (26,195 ) September 30, 2024 1,630,861 Series E Voting Non-Convertible Preferred Stock no ten one September 30, 2024 21 10 December 31, 2023  Series F Voting Non-Convertible Preferred Stock December 23, 2019, December 30, 2019, not one ten September 30, 2024 . 21 10 December 31, 2023 Stockholder Rights Plan On January 2, 2024, 382 The Rights Agreement provides for a distribution of one January 16, 2024 ( one ten The Company’s board of directors adopted the Rights Agreement in an effort to protect stockholder value by attempting to protect against a possible limitation on the Company’s ability to use its carryforward (net operating loss, "NOL," and net capital loss, "NCL") deferred tax assets (the “deferred tax assets”) to reduce potential future federal income tax obligations. The Company has experienced substantial operating and capital losses, and under the Internal Revenue Code of 1986, may not 382 The Rights attached to all Common Stock certificates representing shares then outstanding and, in the case of uncertificated shares of Common Stock registered in book entry form (“Book Entry Shares”) by notation in book entry (which certificates for Common Stock and Book Entry Shares shall be deemed also to be certificates for Rights), and no Subject to certain exceptions specified in the Rights Agreement, the Rights will separate from the Common Stock and a “Distribution Date” will occur upon the earlier of (i) 10 10 not Pursuant to the Rights Agreement, an “Exempted Person” is any person or entity who, together with all affiliates and associates of such person or entity, is or may January 2, 2024, January 2, 2024. no 4.95% x January 2, 2024, 4.95% no 4.95% x 4.95% In addition, the Rights Agreement defined the term “Exempted Person” to also include any person or entity who, together with all affiliates and associates of such person or entity, is the beneficial owner of Common Stock and/or other securities exercisable for shares of Common Stock representing 4.95% not, x 4.95% Pursuant to the Rights Agreement, a purchaser, assignee or transferee of the shares of Common Stock (or options or warrants exercisable for Common Stock) from an Exempted Person will not 4.95% The Rights are not December 31, 2026, ( 382 no may not no Except as otherwise determined by the Company’s board of directors, only shares of Common Stock issued prior to the Distribution Date will be issued with Rights. Pursuant to the Rights Agreement, in the event that a person or entity becomes an Acquiring Person, each other holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, cash, property or other securities of the Company), having a value equal to two one $100.00 not $100.00. ten 10 Notwithstanding any of the foregoing, following the occurrence of a person or entity becoming an Acquiring Person (a “Flip-In Event”), all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by such Acquiring Person will be null and void. In the event that, at any time following the Stock Acquisition Date, (i) the Company engages in a merger or other business combination transaction in which the Company is not two However, Rights are not no The Purchase Price payable, and the number of Units of Series C Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Series C Preferred Stock, (ii) if holders of the Series C Preferred Stock are granted certain rights or warrants to subscribe for Series C Preferred Stock or convertible securities at less than the current market price of the Series C Preferred Stock, or (iii) upon the distribution to holders of the Series C Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no At any time after the Stock Acquisition Date, the Company may may 50% one At any time until ten may not Until a Right is exercised, the holder thereof, as such, will have no not may, Other than those provisions relating to the principal economic terms of the Rights, any of the provisions of the Rights Agreement may may not no not Cash Dividends O n each of March 6, 2024, May 6, 2024 August 5, 2024 , April 5, 2024, June 5, 2024 , September 5, 2024, March 22, 2024, May 20, 2024, August 22, 2024, November 4, 2024 , December 5, 2024 November 20, 2024. During the nine September 30, 2024 Nine Months Ended September 30, 2024 Issuance of shares 135,000 Units exchanged into shares 72,088 Issuance as equity-based compensation 838,960 Total 1,046,048 The Company recognized a net increase in additional paid in capital of $645 and a net decrease in AOCI of $14 with an offsetting decrease in non-controlling interest of $631 in connection with the acquisition and surrender of additional units of the Operating LLC during the nine September 30, 2024 nine September 30, 2024 2023  Nine Months Ended September 30, 2024 2023 Net income / (loss) attributable to Cohen & Company Inc. $ 1,824 $ (9,661 ) Transfers (to) from the non-controlling interest: Increase / (decrease) in Cohen & Company Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net 645 612 Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ 2,469 $ (9,049 )  Equity Distribution Agreement On October 5, 2023, 415 one third The Equity Agreement includes customary representations, warranties, and covenants by the Company and customary obligations of the parties and termination provisions. The Company has agreed to indemnify the Sales Agent against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the Sales Agent may The offering of the Common Stock pursuant to the Equity Agreement will terminate upon the sale of all of the Shares pursuant to the Equity Agreement, unless sooner terminated in accordance with the terms and conditions of the Equity Agreement. During the three nine September 30, 2024 Detail of Non-Controlling Interest The Company has two not not not ROLLFORWARD OF NON-CONTROLLING INTERESTS (Dollars in Thousands) Operating LLC Other Consolidated Subsidiaries Total December 31, 2023 $ 40,510 $ 9,605 $ 50,115 Non-controlling interest share of income (loss) 4,631 8,609 13,240 Other comprehensive (loss) 26 - 26 Acquisition / (surrender) of additional units of consolidated subsidiary (631 ) - (631 ) Equity-based compensation 2,472 - 2,472 Shares withheld for employee taxes (135 ) - (135 ) Distributions to convertible non-controlling interest of Cohen & Company Inc. (3,837 ) - (3,837 ) Redemption of convertible non-controlling interest units (659 ) - (659 ) Non-convertible non-controlling interest distributions - (3,732 ) (3,732 ) September 30, 2024 $ 42,377 $ 14,482 $ 56,859 The Operating LLC non-controlling interest is included as convertible non-controlling interest in the consolidated statement of operations. The other components of non-controlling interest are included as non-convertible non-controlling interest in the statement of operations. See note 21 10 December 31, 2023 Partial redemption of convertible non-controlling interests On February 1, 2024, January 31, 2024, 2020 February 1, 2023, January 31, 2023, 2020 On February 1, 2024, January 31, 2024, 2020 February 1, 2023, January 31, 2023, 2020

Note 18 - Income Taxes

Note 18 - Income Taxes	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	18. Cohen & Company Inc. is treated as a “C” corporation for United States federal income tax purposes. A U.S. "C" corporation is subject to a federal tax rate of 21%. The Company's effective tax rate is significantly different than this rate for the following reasons. 1. nine September 30, 2024 2. no 3 4. may not 740 The following table presents the components on the Company's consolidated provision for income tax for the periods presented. For the Nine Months Ended September 30, 2024 2023 Change Current $ 540 $ 180 $ (360 ) Deferred (105 ) 5,199 5,304 Total $ 435 $ 5,379 $ 4,944

Note 19 - Net Capital Requireme

Note 19 - Net Capital Requirements	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Net Capital Under Securities and Exchange Commission Regulation Disclosure [Text Block]	19 . NET CAPITAL REQUIREMENTS JVB is subject to the net capital provision of Rule 15c3 1 September 30, 2024 was $250 CCFESA, a subsidiary of the Company, is regulated by the ACPR in France. CCFESA is subject to certain regulatory capital requirements in accordance with Articles L.533 2 et seq. of the French Financial and Monetary Code, implementing the new framework set out in the Investment Firm Regulation ("IFR") and the Investment Firm Directive ("IFD"). As of September 30, 2024

Note 20 - Earnings (Loss) Per C

Note 20 - Earnings (Loss) Per Common Share	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	 20 . EARNINGS / (LOSS) PER COMMON SHARE The following table presents a reconciliation of basic and diluted earnings / (loss) per common share for the periods indicated. EARNINGS / (LOSS) PER COMMON SHARE (Dollars in Thousands, except share or per share information) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income / (loss) attributable to Cohen & Company Inc. $ 2,150 $ (423 ) $ 1,824 $ (9,661 ) Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (1) 5,446 (7,249 ) 4,631 - Add / (deduct): Adjustment (2) (17 ) 6,114 (30 ) - Net income / (loss) on a fully converted basis $ 7,579 $ (1,558 ) $ 6,425 $ (9,661 ) Weighted average common shares outstanding - Basic 1,630,861 1,521,856 1,609,384 1,510,498 Unrestricted LLC Units exchangeable into Cohen & Company Inc. shares (1) 4,062,497 4,014,250 4,060,126 - Restricted units or shares 97,498 - 57,627 - Weighted average common shares outstanding - Diluted (3) 5,790,856 5,536,106 5,727,137 1,510,498 Net income / (loss) per common share - Basic $ 1.32 $ (0.28 ) $ 1.13 $ (6.40 ) Net income / (loss) per common share - Diluted $ 1.31 $ (0.28 ) $ 1.12 $ (6.40 ) ( 1 The units of membership interests in the Operating LLC (“LLC Units”) not may ten one not ten one tenth not not ( 2 An adjustment is included because the Company would have incurred a higher income tax expense or realized a higher income tax benefit, as applicable, if the LLC Units had been converted at the beginning of the period. ( 3 Potentially dilutive securities that were not Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Unrestricted LLC Units exchangeable into Cohen & Company Inc. shares - - - 4,008,822 Restricted Common Stock - 6,390 - 7,153 Restricted LLC Units - 2,758 - 1,765 - 9,148 - 4,017,740

Note 21 - Commitments and Conti

Note 21 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	21. Legal and Regulatory Proceedings  One of the Company's investment advisers, Cohen & Company Financial Management LLC ("CCFM"), is currently subject to an investigation by the SEC’s enforcement division, which is reviewing its disclosure practices around conflicts of interest and other issues. As is the Company's current practice, it is cooperating with the SEC staff and is in the process of responding to their requests for information. The Company cannot predict the outcome of this investigation. The costs related to responding to and cooperating with the SEC staff may From time to time, the Company is a party to various routine legal proceedings, claims, and regulatory inquiries arising out of the ordinary course of the Company’s business. Management believes that the results of these routine legal proceedings, claims, and regulatory matters will not

Note 22 - Segment and Geographi

Note 22 - Segment and Geographic Information	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	22. The Company operates within three 1. not not 1 SEGMENT INFORMATION Statement of Operations Information Nine Months Ended September 30, 2024 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 27,462 $ - $ - $ 27,462 $ - $ 27,462 Asset management - 6,942 - 6,942 - 6,942 New issue and advisory 53,347 - - 53,347 - 53,347 Principal transactions and other income - 2,565 (29,259 ) (26,694 ) - (26,694 ) Total revenues 80,809 9,507 (29,259 ) 61,057 - 61,057 Compensation 32,255 4,700 1,341 38,296 5,157 43,453 Other Operating Expense 12,877 1,702 667 15,246 4,878 20,124 Total operating expenses 45,132 6,402 2,008 53,542 10,035 63,577 Operating income (loss) 35,677 3,105 (31,267 ) 7,515 (10,035 ) (2,520 ) Interest income (expense) (57 ) - - (57 ) (4,290 ) (4,347 ) Income (loss) from equity method affiliates - - 22,366 22,366 - 22,366 Income (loss) before income taxes 35,620 3,105 (8,901 ) 29,824 (14,325 ) 15,499 Income tax expense (benefit) - - - - 435 435 Net income (loss) 35,620 3,105 (8,901 ) 29,824 (14,760 ) 15,064 Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - 8,609 8,609 - 8,609 Enterprise net income (loss) 35,620 3,105 (17,510 ) 21,215 (14,760 ) 6,455 Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - 4,631 4,631 Net income (loss) attributable to Cohen & Company Inc. $ 35,620 $ 3,105 $ (17,510 ) $ 21,215 $ (19,391 ) $ 1,824 Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 4 $ - $ 4 $ 389 $ 393 SEGMENT INFORMATION Statement of Operations Information Nine Months Ended September 30, 2023 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 23,117 $ - $ - $ 23,117 $ - $ 23,117 Asset management - 5,418 - 5,418 - 5,418 New issue and advisory 9,542 - - 9,542 - 9,542 Principal transactions and other income - 769 9,671 10,440 - 10,440 Total revenues 32,659 6,187 9,671 48,517 - 48,517 Compensation 22,446 4,184 1,033 27,663 8,094 35,757 Other Operating Expense 10,964 1,711 906 13,581 3,767 17,348 Total operating expenses 33,410 5,895 1,939 41,244 11,861 53,105 Operating income (loss) (751 ) 292 7,732 7,273 (11,861 ) (4,588 ) Interest (expense) income (282 ) - - (282 ) (4,625 ) (4,907 ) Income (loss) from equity method affiliates - - (1,608 ) (1,608 ) - (1,608 ) Income (loss) before income taxes (1,033 ) 292 6,124 5,383 (16,486 ) (11,103 ) Income tax expense (benefit) - - - - 5,379 5,379 Net income (loss) (1,033 ) 292 6,124 5,383 (21,865 ) (16,482 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - 17 8,519 8,536 - 8,536 Enterprise net income (loss) (1,033 ) 275 (2,395 ) (3,153 ) (21,865 ) (25,018 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (15,357 ) (15,357 ) Net income (loss) attributable to Cohen & Company Inc. $ (1,033 ) $ 275 $ (2,395 ) $ (3,153 ) $ (6,508 ) $ (9,661 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 4 $ - $ 4 $ 429 $ 433 SEGMENT INFORMATION Statement of Operations Information Three Months Ended September 30, 2024 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 8,816 $ - $ - $ 8,816 $ - $ 8,816 Asset management - 2,147 - 2,147 - 2,147 New issue and advisory 22,459 - - 22,459 - 22,459 Principal transactions and other income - 1,077 (2,804 ) (1,727 ) - (1,727 ) Total revenues 31,275 3,224 (2,804 ) 31,695 - 31,695 Compensation 11,878 1,833 379 14,090 3,825 17,915 Other Operating Expense 4,760 491 145 5,396 1,162 6,558 Total operating expenses 16,638 2,324 524 19,486 4,987 24,473 Operating income (loss) 14,637 900 (3,328 ) 12,209 (4,987 ) 7,222 Interest income (expense) (19 ) - - (19 ) (1,237 ) (1,256 ) Income (loss) from equity method affiliates - - (683 ) (683 ) - (683 ) Income (loss) before income taxes 14,618 900 (4,011 ) 11,507 (6,224 ) 5,283 Income tax expense (benefit) - - - - 142 142 Net income (loss) 14,618 900 (4,011 ) 11,507 (6,366 ) 5,141 Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - 1 (2,456 ) (2,455 ) - (2,455 ) Enterprise net income (loss) 14,618 899 (1,555 ) 13,962 (6,366 ) 7,596 Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - 5,446 5,446 Net income (loss) attributable to Cohen & Company Inc. $ 14,618 $ 899 $ (1,555 ) $ 13,962 $ (11,812 ) $ 2,150 Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 3 $ - $ 3 $ 141 $ 144 SEGMENT INFORMATION Statement of Operations Information Three Months Ended September 30, 2023 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 7,491 $ - $ - $ 7,491 $ - $ 7,491 Asset management - 1,788 - 1,788 - 1,788 New issue and advisory 7,247 - - 7,247 - 7,247 Principal transactions and other income - 297 298 595 - 595 Total revenues 14,738 2,085 298 17,121 - 17,121 Compensation 8,831 1,572 333 10,736 4,483 15,219 Other Operating Expense 3,696 494 567 4,757 1,249 6,006 Total operating expenses 12,527 2,066 900 15,493 5,732 21,225 Operating income (loss) 2,211 19 (602 ) 1,628 (5,732 ) (4,104 ) Interest (expense) income (60 ) - - (60 ) (1,625 ) (1,685 ) Income (loss) from equity method affiliates - - (702 ) (702 ) - (702 ) Income (loss) before income taxes 2,151 19 (1,304 ) 866 (7,357 ) (6,491 ) Income tax expense (benefit) - - - - (755 ) (755 ) Net income (loss) 2,151 19 (1,304 ) 866 (6,602 ) (5,736 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - 1 1,935 1,936 - 1,936 Enterprise net income (loss) 2,151 18 (3,239 ) (1,070 ) (6,602 ) (7,672 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (7,249 ) (7,249 ) Net income (loss) attributable to Cohen & Company Inc. $ 2,151 $ 18 $ (3,239 ) $ (1,070 ) $ 647 $ (423 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 139 $ 140 BALANCE SHEET DATA As of September 30, 2024 (Dollars in Thousands) Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 718,924 $ 6,580 $ 72,450 $ 797,954 $ 20,057 $ 818,011 Included within total assets: Investments in equity method affiliates $ - $ - $ 26,153 $ 26,153 $ - $ 26,153 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166  BALANCE SHEET DATA December 31, 2023 (Dollars in Thousands) Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 665,597 $ 5,633 $ 86,946 $ 758,176 $ 14,585 $ 772,761 Included within total assets: Investments in equity method affiliates $ - $ - $ 14,241 $ 14,241 $ - $ 14,241 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166  ( 1 Unallocated assets primarily include: (i) amounts due from related parties; (ii) furniture and equipment, net; and (iii) other assets that are not ( 2 Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the tables above. Geographic Information The Company conducts its business activities through offices in the following locations: ( 1 2 GEOGRAPHIC DATA (Dollars in Thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Total Revenues: United States $ 29,285 $ 14,816 $ 55,603 $ 44,168 Europe 2,410 2,305 5,454 4,349 Total $ 31,695 $ 17,121 $ 61,057 $ 48,517 Long-lived assets attributable to an individual country, other than the United States, are not 

Note 23 - Supplemental Cash Flo

Note 23 - Supplemental Cash Flow Disclosure	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	23 . SUPPLEMENTAL CASH FLOW DISCLOSURE Cash flows from investments (including derivatives) classified as investments-trading or trading securities sold, not not Interest paid by the Company on its debt and redeemable financial instruments was $4,633 and $4,139 for the nine September 30, 2024 2023 The Company paid income taxes of $60 and $433 for the nine September 30, 2024 2023 nine September 30, 2024 2023 , respectively. For the nine September 30, 2024 not ● The Company net received units of membership interest in the Operating LLC. The Company recognized a net increase in additional paid-in capital of $645, a net decrease in AOCI of $14, and a decrease in non-controlling interest of $631. See note 17. ● The Company recorded a decrease in equity method affiliates of $9,669 and an increase in other investments, at fair value of $12,530 and an increase of $2,861 in other investments, sold not ● In connection with the Redemption Agreement, the Company recorded a reduction in the redeemable financial instrument of $5,146, and a corresponding increase of $5,146 in debt resulting from the issuance of the 2024 For the nine September 30, 2023 not ● In conjunction with the consolidation of the SPAC Fund, the Company recorded an increase in receivables from brokers, dealers, and clearing agencies of $68,066, an increase in other investments, at fair value of $40,388, an increase in other assets of $63, an increase in accounts payable of $82,711, and an increase in other investments sold, not 4. ● The Compa ny net received units 17. ● The Company recorded a decrease in equity method affiliates of $362 and an increase in other investments, at fair value of $362 resulting from an in-kind distribution from equity method affiliates. ● In connection with an SFA transaction, the Company received equity shares in a public company, recorded a net increase of $5,673 in other investments, at fair value, and a corresponding increase in other investments, sold not

Note 24 - Related Party Transac

Note 24 - Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	24 . RELATED PARTY TRANSACTIONS Certain terms in this footnote are defined in the Company’s Annual Report on Form 10 December 31, 2023 nine September 30, 2024 2023 A. JKD Investor The JKD Investor is an entity owned by Jack J. DiMaio, the vice chairman of the board of directors and vice chairman of the Operating LLC’s board of managers, and his spouse. On October 3, 2016, 4 15. Effective September 1, 2024, 2024 2024 4 16. On January 31, 2020, 2020 January 31, 2022, 2022 2020 S 16.  B. Duane Morris, LLP (“Duane Morris”)  Duane Morris is an international law firm and serves as legal counsel to the Company. Duane Morris is considered a related party because a partner at Duane Morris is a member of the same household as a director of the Company. The expense incurred by the Company for services provided by Duane Morris is included within professional fees and operating expense in the consolidated statements of operations and comprehensive income and is disclosed in the table below.  C. Cohen Circle, LLC ("Cohen Circle") The Company has a sublease agreement as sub-lessor for certain office space with Cohen Circle. The Company received payments under this sublease agreement, in which payments are recorded as a reduction in rent and utility expenses. This sublease agreement commenced on August 1, 2018 one not 90  D. Investment Vehicle and Other  Stoa USA Inc. / FlipOS Stoa USA Inc. / FlipOS was a private company in which the Company owned common equity. It was considered a related party because Daniel G. Cohen was a member of the board of directors. During the year ended December 31, 2023 September 2023, third 2023 September 30, 2024, CK Capital and AOI  CK Capital and AOI are related parties as they are equity method investments of the Company. In December 2019, December 2019, may 11. SPAC Fund  The SPAC Fund was considered a related party because it was an equity method investment of the Company prior to its consolidation effective April 1, 2023 ( 4  U.S. Insurance JV  U.S. Insurance JV is considered a related party because it is an equity method investment of the Company. The Company has an investment in and a management contract with the U.S. Insurance JV. Income earned or loss incurred on the investment is included as part of principal transactions and other income in the tables below. Revenue earned on the management contract is included as part of asset management and is shown in the table below. As of September 30, 2024 ed 1.86% o CREO JV CREO JV is considered a related party because it is an equity method investment of the Company. The Company has an investment in and a management contract with CREO JV. Income earned or loss incurred on the investment is included as part of principal transactions and other in come in the table below. As of September 30, 2024 , the Company owned 7.5% of th Sponsor Entities of Other SPACs In general, a SPAC is initially funded by a sponsor and that sponsor invests in and receives private placement and founders shares of the SPAC. The sponsor may not FTAC Athena Acquisition Corp. ("FTAC Athena") was a SPAC. The sponsor of FTAC Athena ("FTAC Athena Sponsor") was a related party as it was an equity method investment of the Company. On February 26, 2021, not 24 2023. FTAC Zeus Acquisition Corp. ("FTAC Zeus") was a SPAC. The sponsor of FTAC Zeus ("FTAC Zeus Sponsor") was a related party as it was an equity method investment of the Company. On November 24, 2021, not 24 2023. FTAC Emerald Acquisition Corp. ("FTAC Emerald") is a SPAC. The sponsor of FTAC Emerald ("FTAC Emerald Sponsor") is a related party as it is an equity method investment of the Company. On December 20, 2021, not 24 As of September 30, 2024 no Other The Company invests in sponsor entities of SPACs, either directly or through its interest in the SPAC Series Funds, that are not September 30, 2024 10.66% The following tables display the routine transactions recognized in the consolidated statements of operations from the identified related parties that are described above. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Asset management CREO JV $ 173 $ - $ 544 $ - U.S. Insurance JV 280 320 883 881 SPAC Fund - - - 173 $ 453 $ 320 $ 1,427 $ 1,054 Principal transactions and other income CREO JV $ 506 $ 210 $ 389 $ 717 U.S. Insurance JV 61 89 (41 ) 377 Stoa USA Inc./FlipOS (6,771 ) - (6,771 ) Other SPAC Entities - 20 5 45 SPAC Fund - - - 28 $ 567 $ (6,452 ) $ 353 $ (5,604 ) Income (loss) from equity method affiliates Dutch Real Estate Entities $ (217 ) $ (139 ) $ (344 ) $ 72 Other SPAC Entities (466 ) (563 ) 22,710 (1,680 ) $ (683 ) $ (702 ) $ 22,366 $ (1,608 ) Operating expense (income) Duane Morris $ 93 $ 50 $ 399 $ 286 Cohen Circle (26 ) (26 ) (78 ) (77 ) $ 67 $ 24 $ 321 $ 209 Interest expense (income) JKD Investor $ 38 $ 224 $ 758 $ 738 $ 38 $ 224 $ 758 $ 738  The following related party transactions are not E. Directors and Employees On October 1, 2024, three The Company has entered into employment agreements with Daniel G. Cohen and Joseph W. Pooler, Jr., the Company's chief financial officer. The Company has entered into its standard indemnification agreement with each of its directors and executive officers. The Company maintains a 401 not were $98 three nine September 30, 2024 were $95 three nine September 30, 2023.

Note 25 - Due From Due to Relat

Note 25 - Due From Due to Related Parties	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Due From Due To Related Parties Disclosure [Text Block]	25 . DUE FROM / DUE TO RELATED PARTIES Amounts due to related parties associated with redeemable financial instruments and outstanding debt are included as components of those balances in the consolidated balance sheets. In addition, interest or investment return owed on those balances are included as a component of accounts payable and other in the consolidated balance sheets. Any investment made in an equity method affiliate for which the Company does not The following table summarizes amounts due from / to related parties as of each date shown. These amounts may 24 DUE FROM RELATED PARTIES (Dollars in Thousands) September 30, 2024 December 31, 2023 Employee & other $ 577 $ 319 SPAC Fund - other receivable 73 15 U.S. Insurance JV 282 438 Due from related parties $ 932 $ 772

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	5. Rule 10b5 1 Our executive officers and directors may 10b5 1 nine September 30, 2024 none 10b5 1 10b5 1
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Adoption of New Accounting Standards [Policy Text Block]	A. Adoption of New Accounting Standards In March 2020, 2020 04 , Reference Rate Reform (Topic 848 January 2021 2021 01, Reference Rate Reform (Topic 848 December 31, 2022. December 2022, 2022 06 Topic 848 December 31, 2022 December 31, 2024. 2020 04 2021 01, March 12, 2020, not 20.   In March 2022, 2022 02, Financial Instruments—Credit Losses (Topic 326 2022 02, January 1, 2023, not In August 2020, 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 2020 06, January 1, 2024, not In June 2022, 2022 03, Fair Value Measurement (Topic 820 not not 2022 03, January 1, 2024, not In March 2023, 2023 02, Investments—Equity Method and Joint Ventures (Topic 323 2032 02, January 1, 2024, not
New Accounting Pronouncements, Policy [Policy Text Block]	B. Recent Accounting Developments In August 2023, 2023 05, Business Combinations— Joint Venture Formations (Subtopic 805 60 January 1, 2025. No. 2023 05 not may In October 2023, 2023 06 , Disclosure Improvements Codification Amendments in Response to the Securities and Exchange Commission ( SEC ) Disclosure Update and Simplification Initiative X no not June 30, 2027. not may In November 2023, 2023 07, Segment Reporting (Topic 280 December 15, 2023, December 15, 2024. may In December 2023, 2023 09, Income Taxes (Topic 740 December 15, 2024 may In March 2024, 2024 01, Compensation—Stock Compensation (Topic 718 718, Compensation-Stock Compensation December 15, 2024 may In March 2024, 2024 02, Codification Improvements — Amendments to Remove References to the Concepts Statements. not December 15, 2024. may
Fair Value of Financial Instruments, Policy [Policy Text Block]	C. Fair Value of Financial Instruments The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments. These determinations were based on available market information and appropriate valuation methodologies. Considerable judgment is required to interpret market data to develop the estimates and, therefore, these estimates may not may 8 not Cash and cash equivalents 1 Investments-trading third not Other investments, at fair value not Receivables under resale agreements 2 Trading securities sold, not third not Other investments sold, not not Securities sold under agreements to repurchase 2 Redeemable financial instruments 3 Debt September 30, 2024 December 31, 2023 pany’s de bt was estimated to be and , respectively. The estim ated f 3 Derivatives may not not third

Note 4 - Other Recent Busines_2

Note 4 - Other Recent Business Transactions or Events (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Investment Holdings, Schedule of Investments [Table Text Block]	Asset/(Liability) Cash and cash equivalents $ 257 Receivables from brokers, dealers, and clearing agencies 68,066 Other investments, at fair value 40,388 Other assets 108 Accounts payable and other liabilities (82,968 ) Other investments sold, not yet purchased (25,806 ) Vellar GP's remaining investment in the SPAC Fund $ 45

Note 5 - Net Trading (Tables)

Note 5 - Net Trading (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Net Trading [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net realized gains (losses) - trading inventory $ 5,395 $ 3,250 $ 12,057 $ 13,967 Net unrealized gains (losses) - trading inventory (482 ) 693 4,246 (1,581 ) Net gains and losses 4,913 3,943 16,303 12,386 Interest income- trading inventory 839 1,232 3,349 2,885 Interest income-reverse repos 9,178 8,115 28,365 20,647 Interest income 10,017 9,347 31,714 23,532 Interest expense-repos (8,372 ) (7,214 ) (25,707 ) (18,299 ) Interest expense-margin payable (779 ) (1,744 ) (3,182 ) (4,610 ) Interest expense (9,151 ) (8,958 ) (28,889 ) (22,909 ) Other trading revenue 3,037 3,159 8,334 10,108 Net trading $ 8,816 $ 7,491 $ 27,462 $ 23,117

Note 6 - Receivables From and_2

Note 6 - Receivables From and Payables to Brokers, Dealers, and Clearing Agencies (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Due to (from) Broker-Dealer and Clearing Organization [Table Text Block]	September 30, 2024 December 31, 2023 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net 1,293 1,527 Receivables from clearing agencies 63,422 65,024 Receivables from brokers, dealers, and clearing agencies $ 64,965 $ 66,801 September 30, 2024 December 31, 2023 Margin payable $ 53,674 $ 111,085 Payables to brokers, dealers, and clearing agencies $ 53,674 $ 111,085

Note 7 - Financial Instruments

Note 7 - Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	September 30, 2024 December 31, 2023 Corporate bonds and redeemable preferred stock $ 35,412 53,657 Derivatives 3,114 7,470 Equity securities 688 928 Municipal bonds 10,900 20,572 Residential mortgage loans - 3,113 RMBS 5 9 SBA loans 2,380 - U.S. government agency debt securities 704 6,567 U.S. government agency MBS and CMOs 50,363 88,000 U.S. Treasury securities 51 1,012 Investments-trading $ 103,617 $ 181,328
Security Sold Short [Table Text Block]	September 30, 2024 December 31, 2023 Corporate bonds and redeemable preferred stock $ 14,547 $ 24,355 Derivatives 1,745 6,719 Equity securities 211 393 U.S. government agency debt securities 43 - U.S. Treasury securities 26,900 34,284 Trading securities sold, not yet purchased $ 43,446 $ 65,751 September 30, 2024 December 31, 2023 Restricted equity securities $ 2,123 $ 97 Share forward liabilities 596 24,645 Other investments sold, not yet purchased, at fair value $ 2,719 $ 24,742
Schedule of Other Investments at Fair Value [Table Text Block]	September 30, 2024 December 31, 2023 Equity securities $ 5,564 $ 38,038 Equity derivatives 72 1,447 Restricted equity securities 11,543 2,054 Corporate bonds and redeemable preferred stock 631 506 Fair value receivables 13,848 9,541 Interests in SPVs 461 12,609 CREO JV 4,778 4,783 U.S. Insurance JV 2,864 3,107 Residential mortgage loans - 132 Other investments, at fair value $ 39,761 $ 72,217

Note 8 - Fair Value Disclosur_2

Note 8 - Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Significant Significant Quoted Prices in Observable Unobservable Active Markets Inputs Inputs Assets Fair Value (Level 1) (Level 2) (Level 3) Investments-trading: Corporate bonds and redeemable preferred stock $ 35,412 $ - $ 35,412 $ - Derivatives 3,114 - 3,114 - Equity securities 688 394 294 - Municipal bonds 10,900 - 10,900 - RMBS 5 - 5 - SBA loans 2,380 - 2,380 - U.S. government agency debt securities 704 - 704 - U.S. government agency MBS and CMOs 50,363 - 50,363 - U.S. Treasury securities 51 51 - - Total investments - trading $ 103,617 $ 445 $ 103,172 $ - Other investments, at fair value: Equity securities $ 5,564 $ 5,564 $ - $ - Equity derivatives 72 - 72 - Restricted equity securities 11,543 9,075 2,468 - Corporate bonds and redeemable preferred stock 631 - 631 - Fair value receivables 13,848 - 13,848 - Interests in SPVs 461 - 461 - 32,119 $ 14,639 $ 17,480 $ - Investments measured at NAV (1) 7,642 Total other investments, at fair value $ 39,761 Liabilities Trading securities sold, not yet purchased: Corporate bonds and redeemable preferred stock $ 14,547 $ - $ 14,547 $ - Derivatives 1,745 - 1,745 - Equity securities 211 211 - - U.S. government agency debt securities 43 - 43 - U.S. Treasury securities 26,900 26,900 - - Total trading securities sold, not yet purchased $ 43,446 $ 27,111 $ 16,335 $ -  Other investments, sold not yet purchased: Equity securities $ 2,123 $ - $ 2,123 $ - Share forward liabilities 596 - 596 - Total other investments sold, not yet purchased $ 2,719 $ - $ 2,719 $ - Significant Significant Quoted Prices in Observable Unobservable Active Markets Inputs Inputs Assets Fair Value (Level 1) (Level 2) (Level 3) Investments-trading: Corporate bonds and redeemable preferred stock $ 53,657 $ - $ 53,657 $ - Derivatives 7,470 - 7,470 - Equity securities 928 639 289 - Municipal bonds 20,572 - 20,572 - Residential mortgage loans 3,113 - 3,113 - RMBS 9 - 9 - U.S. government agency debt securities 6,567 - 6,567 - U.S. government agency MBS and CMOs 88,000 - 88,000 - U.S. Treasury securities 1,012 1,012 - - Total investments - trading $ 181,328 $ 1,651 $ 179,677 $ - Other investments, at fair value: Equity Securities $ 38,038 $ 38,038 $ - $ - Equity derivatives 1,447 - 1,447 - Restricted Equity Securities 2,054 - 2,054 - Corporate bonds and redeemable preferred stock 506 - 506 - Fair value receivables 9,541 - 9,541 - Interests in SPVs 12,609 - 12,609 - Residential mortgage loans 132 - 132 - 64,327 $ 38,038 $ 26,289 $ - Investments measured at NAV (1) 7,890 Total other investments, at fair value $ 72,217 Liabilities Trading securities sold, not yet purchased: Corporate bonds and redeemable preferred stock $ 24,355 $ - $ 24,355 $ - Derivatives 6,719 - 6,719 - Equity securities 393 393 - - U.S. Government Agency debt - - - - U.S. Treasury securities 34,284 34,284 - - Total trading securities sold, not yet purchased $ 65,751 $ 34,677 $ 31,074 $ -  Other investments, sold not yet purchased: Equity securities $ 97 $ 97 $ - $ - Share forward liabilities 24,645 - 24,645 - Total other investments sold, not yet purchased $ 24,742 $ 97 $ 24,645 $ -
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]	Fair Value September 30, 2024 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO JV (a) $ 4,778 $ 11,543 N/A N/A U.S. Insurance JV (b) 2,864 N/A N/A N/A $ 7,642 Fair Value December 31, 2023 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO JV (a) $ 4,783 $ 11,150 N/A N/A U.S. Insurance JV (b) 3,107 N/A N/A N/A $ 7,890

Note 9 - Derivative Financial_2

Note 9 - Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Balance Sheet Classification September 30, 2024 December 31, 2023 TBAs and other forward agency MBS Investments-trading $ 3,114 $ 7,470 TBAs and other forward agency MBS Trading securities sold, not yet purchased (1,745 ) (6,719 ) Equity derivatives Other investments, at fair value 72 1,447 Share forward liabilities Other investments sold, not yet purchased, at fair value (596 ) (24,645 ) $ 845 $ (22,447 )
Derivative Instruments, Gain (Loss) [Table Text Block]	Three Months Ended September 30, Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification 2024 2023 TBAs and other forward agency MBS Revenue-net trading $ 421 $ 2,141 Equity derivatives Principal transactions and other income (loss) (804 ) 744 Share forward liabilities Principal transactions and other income (loss) 6,414 25,232 $ 6,031 $ 28,117 Nine Months Ended September 30, Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification 2024 2023 TBAs and other forward agency MBS Revenue-net trading $ 3,024 $ 4,063 Equity derivatives Principal transactions and other income (loss) (1,447 ) 1,266 Share forward liabilities Principal transactions and other income (loss) 22,746 48,271 $ 24,323 $ 53,600
Share Forward Arrangements [Table Text Block]	September 30, 2024 December 31, 2023 Equity securities $ 1,452 $ 26,079 Equity derivatives - 1,447 Fair value receivables - 6,278 Share forward liabilities (596 ) (24,645 ) Net fair value of share forward arrangements $ 856 $ 9,159

Note 10 - Collateralized Secu_2

Note 10 - Collateralized Securities Transactions (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Table Text Block]	Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total MBS (gestation repo) $ - $ 543,613 $ - $ - $ 543,613 SBA loans 2,380 - - - 2,380 $ 2,380 $ 543,613 $ - $ - $ 545,993 Reverse Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total MBS (gestation repo) $ - $ 543,783 $ - $ - $ 543,783 $ - $ 543,783 $ - $ - $ 543,783 Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total MBS (gestation repo) $ - $ 408,203 $ - $ - $ 408,203 $ - $ 408,203 $ - $ - $ 408,203 Reverse Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total MBS (gestation repo) $ - $ 408,408 $ - $ - $ 408,408 $ - $ 408,408 $ - $ - $ 408,408

Note 11 - Investments in Equi_2

Note 11 - Investments in Equity Method Affiliates (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Equity Method Investments [Table Text Block]	Dutch Real Estate Entities SPAC Sponsor Entities and Other Total January 1, 2024 $ 5,864 $ 8,377 $ 14,241 Investments / advances - 193 193 Distributions / repayments - (978 ) (978 ) Reclasses to (from) - (9,669 ) (9,669 ) Earnings / (loss) recognized (344 ) 22,710 22,366 September 30, 2024 $ 5,520 $ 20,633 $ 26,153 Dutch Real Estate Entities SPAC Sponsor Entities and Other Total January 1, 2023 $ 5,530 $ 3,399 $ 8,929 Investments / advances - 1,806 1,806 Distributions / repayments - (5 ) (5 ) Reclasses to (from) - (362 ) (362 ) Earnings / (loss) recognized 72 (1,680 ) (1,608 ) September 30, 2023 $ 5,602 $ 3,158 $ 8,760

Note 12 - Leases (Tables)

Note 12 - Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	September 30, 2024 2024 - remaining $ 502 2025 1,930 2026 1,674 2027 1,695 2028 1,708 Thereafter 1,304 Total 8,813 Less imputed interest (1,037 ) Lease obligation $ 7,776

Note 13 - Other Receivables, _2

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2024 December 31, 2023 Asset management fees receivable $ 2,157 $ 1,085 New issue fee receivable 5,703 1,181 Accrued interest and dividend receivable 892 1,689 Revenue share receivable 998 321 Agency repo income receivable 447 391 Miscellaneous other receivables 882 706 Other receivables $ 11,079 $ 5,373
Schedule of Other Assets [Table Text Block]	September 30, 2024 December 31, 2023 Prepaid expenses $ 1,860 $ 1,328 Prepaid taxes - 235 Deposits 740 730 Furniture, equipment, and leasehold improvements, net 1,678 1,282 Intangible assets 166 166 Other assets $ 4,444 $ 3,741
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	September 30, 2024 December 31, 2023 Accounts payable $ 626 $ 1,180 Redeemable financial instruments accrued interest - 90 Accrued income tax 488 - Accrued interest payable 579 474 Accrued interest on securities sold, not yet purchased 432 725 Payroll taxes payable 2,232 2,118 Accrued expense and other liabilities 3,117 3,528 Accounts payable and other liabilities $ 7,474 $ 8,115

Note 14 - Variable Interest E_2

Note 14 - Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Summary of Consolidated Variable Interest Entities [Table Text Block]	September 30, 2024 December 31, 2023 Cash and cash equivalents $ 221 $ 27 Due from broker 6,296 461 Other receivables 19 0 Other investments, at fair value 8,411 34,129 Investment in equity method affiliates 15,125 2,638 Other investments sold, not yet purchased, at fair value (2,565 ) (24,396 ) Non-controlling interest (14,480 ) (9,604 ) Investment in consolidated VIEs $ 13,027 $ 3,255
Schedule of Variable Interest Entities [Table Text Block]	September 30, 2024 December 31, 2023 Other investments, at fair value $ 8,103 $ 20,499 Investments in equity method affiliates 20,633 5,739 Maximum exposure $ 28,736 $ 26,238

Note 15 - Redeemable Financia_2

Note 15 - Redeemable Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Redeemable Financial Instruments [Table Text Block]	September 30, 2024 December 31, 2023 JKD Investor $ - $ 7,868 $ - $ 7,868

Note 16 - Debt (Tables)

Note 16 - Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Debt [Table Text Block]	As of As of Interest Description September 30, 2024 December 31, 2023 Rate Terms Interest (2) Maturity Non-convertible debt: 12.00% senior note (the "2024 Note") $ 5,146 $ - Fixed 12.00% August 2026 12.00% senior note (the "2020 Note") 4,500 4,500 Fixed 12.00% January 2026 Junior subordinated notes: (1) Alesco Capital Trust I 28,125 28,125 Variable 9.52% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 9.02% March 2035 Less unamortized discount (22,920 ) (22,909 ) 25,205 25,216 Byline Credit Facility - - Variable NA June 2025 Total $ 34,851 $ 29,716
Schedule Of Interest Expense By Debt Instrument [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Junior subordinated notes 1,199 $ 1,402 $ 3,532 $ 3,887 2020/2024 Notes 187 114 449 337 Byline Credit Facility 19 59 57 282 Redeemable financial instrument - JKD Investor (149 ) 110 309 401 $ 1,256 $ 1,685 $ 4,347 $ 4,907

Note 17 - Equity (Tables)

Note 17 - Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule Of Unrestricted Common Stock And Restricted Common Stock Activity [Table Text Block]	Common Stock Shares December 31, 2023 1,526,256 Issuance of shares 13,500 Units exchanged into shares 7,209 Vesting of shares 110,091 Shares withheld for employee taxes and retired (26,195 ) September 30, 2024 1,630,861
Units Received Pursuant To Agreement [Table Text Block]	Nine Months Ended September 30, 2024 Issuance of shares 135,000 Units exchanged into shares 72,088 Issuance as equity-based compensation 838,960 Total 1,046,048
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]	Nine Months Ended September 30, 2024 2023 Net income / (loss) attributable to Cohen & Company Inc. $ 1,824 $ (9,661 ) Transfers (to) from the non-controlling interest: Increase / (decrease) in Cohen & Company Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net 645 612 Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ 2,469 $ (9,049 )
Non-controlling Interest, Changes in Ownership Activity [Table Text Block]	Operating LLC Other Consolidated Subsidiaries Total December 31, 2023 $ 40,510 $ 9,605 $ 50,115 Non-controlling interest share of income (loss) 4,631 8,609 13,240 Other comprehensive (loss) 26 - 26 Acquisition / (surrender) of additional units of consolidated subsidiary (631 ) - (631 ) Equity-based compensation 2,472 - 2,472 Shares withheld for employee taxes (135 ) - (135 ) Distributions to convertible non-controlling interest of Cohen & Company Inc. (3,837 ) - (3,837 ) Redemption of convertible non-controlling interest units (659 ) - (659 ) Non-convertible non-controlling interest distributions - (3,732 ) (3,732 ) September 30, 2024 $ 42,377 $ 14,482 $ 56,859

Note 18 - Income Taxes (Tables)

Note 18 - Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	For the Nine Months Ended September 30, 2024 2023 Change Current $ 540 $ 180 $ (360 ) Deferred (105 ) 5,199 5,304 Total $ 435 $ 5,379 $ 4,944

Note 20 - Earnings (Loss) Per_2

Note 20 - Earnings (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income / (loss) attributable to Cohen & Company Inc. $ 2,150 $ (423 ) $ 1,824 $ (9,661 ) Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (1) 5,446 (7,249 ) 4,631 - Add / (deduct): Adjustment (2) (17 ) 6,114 (30 ) - Net income / (loss) on a fully converted basis $ 7,579 $ (1,558 ) $ 6,425 $ (9,661 ) Weighted average common shares outstanding - Basic 1,630,861 1,521,856 1,609,384 1,510,498 Unrestricted LLC Units exchangeable into Cohen & Company Inc. shares (1) 4,062,497 4,014,250 4,060,126 - Restricted units or shares 97,498 - 57,627 - Weighted average common shares outstanding - Diluted (3) 5,790,856 5,536,106 5,727,137 1,510,498 Net income / (loss) per common share - Basic $ 1.32 $ (0.28 ) $ 1.13 $ (6.40 ) Net income / (loss) per common share - Diluted $ 1.31 $ (0.28 ) $ 1.12 $ (6.40 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Unrestricted LLC Units exchangeable into Cohen & Company Inc. shares - - - 4,008,822 Restricted Common Stock - 6,390 - 7,153 Restricted LLC Units - 2,758 - 1,765 - 9,148 - 4,017,740

Note 22 - Segment and Geograp_2

Note 22 - Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 27,462 $ - $ - $ 27,462 $ - $ 27,462 Asset management - 6,942 - 6,942 - 6,942 New issue and advisory 53,347 - - 53,347 - 53,347 Principal transactions and other income - 2,565 (29,259 ) (26,694 ) - (26,694 ) Total revenues 80,809 9,507 (29,259 ) 61,057 - 61,057 Compensation 32,255 4,700 1,341 38,296 5,157 43,453 Other Operating Expense 12,877 1,702 667 15,246 4,878 20,124 Total operating expenses 45,132 6,402 2,008 53,542 10,035 63,577 Operating income (loss) 35,677 3,105 (31,267 ) 7,515 (10,035 ) (2,520 ) Interest income (expense) (57 ) - - (57 ) (4,290 ) (4,347 ) Income (loss) from equity method affiliates - - 22,366 22,366 - 22,366 Income (loss) before income taxes 35,620 3,105 (8,901 ) 29,824 (14,325 ) 15,499 Income tax expense (benefit) - - - - 435 435 Net income (loss) 35,620 3,105 (8,901 ) 29,824 (14,760 ) 15,064 Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - 8,609 8,609 - 8,609 Enterprise net income (loss) 35,620 3,105 (17,510 ) 21,215 (14,760 ) 6,455 Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - 4,631 4,631 Net income (loss) attributable to Cohen & Company Inc. $ 35,620 $ 3,105 $ (17,510 ) $ 21,215 $ (19,391 ) $ 1,824 Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 4 $ - $ 4 $ 389 $ 393 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 23,117 $ - $ - $ 23,117 $ - $ 23,117 Asset management - 5,418 - 5,418 - 5,418 New issue and advisory 9,542 - - 9,542 - 9,542 Principal transactions and other income - 769 9,671 10,440 - 10,440 Total revenues 32,659 6,187 9,671 48,517 - 48,517 Compensation 22,446 4,184 1,033 27,663 8,094 35,757 Other Operating Expense 10,964 1,711 906 13,581 3,767 17,348 Total operating expenses 33,410 5,895 1,939 41,244 11,861 53,105 Operating income (loss) (751 ) 292 7,732 7,273 (11,861 ) (4,588 ) Interest (expense) income (282 ) - - (282 ) (4,625 ) (4,907 ) Income (loss) from equity method affiliates - - (1,608 ) (1,608 ) - (1,608 ) Income (loss) before income taxes (1,033 ) 292 6,124 5,383 (16,486 ) (11,103 ) Income tax expense (benefit) - - - - 5,379 5,379 Net income (loss) (1,033 ) 292 6,124 5,383 (21,865 ) (16,482 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - 17 8,519 8,536 - 8,536 Enterprise net income (loss) (1,033 ) 275 (2,395 ) (3,153 ) (21,865 ) (25,018 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (15,357 ) (15,357 ) Net income (loss) attributable to Cohen & Company Inc. $ (1,033 ) $ 275 $ (2,395 ) $ (3,153 ) $ (6,508 ) $ (9,661 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 4 $ - $ 4 $ 429 $ 433 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 8,816 $ - $ - $ 8,816 $ - $ 8,816 Asset management - 2,147 - 2,147 - 2,147 New issue and advisory 22,459 - - 22,459 - 22,459 Principal transactions and other income - 1,077 (2,804 ) (1,727 ) - (1,727 ) Total revenues 31,275 3,224 (2,804 ) 31,695 - 31,695 Compensation 11,878 1,833 379 14,090 3,825 17,915 Other Operating Expense 4,760 491 145 5,396 1,162 6,558 Total operating expenses 16,638 2,324 524 19,486 4,987 24,473 Operating income (loss) 14,637 900 (3,328 ) 12,209 (4,987 ) 7,222 Interest income (expense) (19 ) - - (19 ) (1,237 ) (1,256 ) Income (loss) from equity method affiliates - - (683 ) (683 ) - (683 ) Income (loss) before income taxes 14,618 900 (4,011 ) 11,507 (6,224 ) 5,283 Income tax expense (benefit) - - - - 142 142 Net income (loss) 14,618 900 (4,011 ) 11,507 (6,366 ) 5,141 Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - 1 (2,456 ) (2,455 ) - (2,455 ) Enterprise net income (loss) 14,618 899 (1,555 ) 13,962 (6,366 ) 7,596 Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - 5,446 5,446 Net income (loss) attributable to Cohen & Company Inc. $ 14,618 $ 899 $ (1,555 ) $ 13,962 $ (11,812 ) $ 2,150 Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 3 $ - $ 3 $ 141 $ 144 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 7,491 $ - $ - $ 7,491 $ - $ 7,491 Asset management - 1,788 - 1,788 - 1,788 New issue and advisory 7,247 - - 7,247 - 7,247 Principal transactions and other income - 297 298 595 - 595 Total revenues 14,738 2,085 298 17,121 - 17,121 Compensation 8,831 1,572 333 10,736 4,483 15,219 Other Operating Expense 3,696 494 567 4,757 1,249 6,006 Total operating expenses 12,527 2,066 900 15,493 5,732 21,225 Operating income (loss) 2,211 19 (602 ) 1,628 (5,732 ) (4,104 ) Interest (expense) income (60 ) - - (60 ) (1,625 ) (1,685 ) Income (loss) from equity method affiliates - - (702 ) (702 ) - (702 ) Income (loss) before income taxes 2,151 19 (1,304 ) 866 (7,357 ) (6,491 ) Income tax expense (benefit) - - - - (755 ) (755 ) Net income (loss) 2,151 19 (1,304 ) 866 (6,602 ) (5,736 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - 1 1,935 1,936 - 1,936 Enterprise net income (loss) 2,151 18 (3,239 ) (1,070 ) (6,602 ) (7,672 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (7,249 ) (7,249 ) Net income (loss) attributable to Cohen & Company Inc. $ 2,151 $ 18 $ (3,239 ) $ (1,070 ) $ 647 $ (423 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 139 $ 140
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 718,924 $ 6,580 $ 72,450 $ 797,954 $ 20,057 $ 818,011 Included within total assets: Investments in equity method affiliates $ - $ - $ 26,153 $ 26,153 $ - $ 26,153 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 665,597 $ 5,633 $ 86,946 $ 758,176 $ 14,585 $ 772,761 Included within total assets: Investments in equity method affiliates $ - $ - $ 14,241 $ 14,241 $ - $ 14,241 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166
Revenue from External Customers by Geographic Areas [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Total Revenues: United States $ 29,285 $ 14,816 $ 55,603 $ 44,168 Europe 2,410 2,305 5,454 4,349 Total $ 31,695 $ 17,121 $ 61,057 $ 48,517

Note 24 - Related Party Trans_2

Note 24 - Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Asset management CREO JV $ 173 $ - $ 544 $ - U.S. Insurance JV 280 320 883 881 SPAC Fund - - - 173 $ 453 $ 320 $ 1,427 $ 1,054 Principal transactions and other income CREO JV $ 506 $ 210 $ 389 $ 717 U.S. Insurance JV 61 89 (41 ) 377 Stoa USA Inc./FlipOS (6,771 ) - (6,771 ) Other SPAC Entities - 20 5 45 SPAC Fund - - - 28 $ 567 $ (6,452 ) $ 353 $ (5,604 ) Income (loss) from equity method affiliates Dutch Real Estate Entities $ (217 ) $ (139 ) $ (344 ) $ 72 Other SPAC Entities (466 ) (563 ) 22,710 (1,680 ) $ (683 ) $ (702 ) $ 22,366 $ (1,608 ) Operating expense (income) Duane Morris $ 93 $ 50 $ 399 $ 286 Cohen Circle (26 ) (26 ) (78 ) (77 ) $ 67 $ 24 $ 321 $ 209 Interest expense (income) JKD Investor $ 38 $ 224 $ 758 $ 738 $ 38 $ 224 $ 758 $ 738

Note 25 - Due From Due to Rel_2

Note 25 - Due From Due to Related Parties (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule Of Due From Or Due To Related Parties [Table Text Block]	September 30, 2024 December 31, 2023 Employee & other $ 577 $ 319 SPAC Fund - other receivable 73 15 U.S. Insurance JV 282 438 Due from related parties $ 932 $ 772

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Operations (Details Textual) $ in Billions	9 Months Ended
	Sep. 30, 2024 USD ($)
Assets under Management, Carrying Amount	$ 2.4
Number of Operating Segments	3
Collateralized Debt Obligations [Member]
Assets under Management, Carrying Amount	$ 1

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument, Fair Value Disclosure	$ 43,559	$ 37,474

Note 4 - Other Recent Busines_3

Note 4 - Other Recent Business Transactions or Events (Details Textual) - USD ($) $ in Thousands				1 Months Ended
	Sep. 01, 2024	Jan. 09, 2019	Oct. 03, 2016	Jan. 31, 2019	Jan. 31, 2017	Aug. 31, 2026	Aug. 31, 2025	Sep. 30, 2024	Dec. 31, 2023
Redeemable Financial Instruments								$ 0	$ 7,868
The 2024 Note [Member]
Debt Instrument, Face Amount	$ 5,146
Debt Instrument, Interest Rate, Stated Percentage	12%
The 2024 Note [Member] | Forecast [Member]
Debt Instrument, Amount Due and Payable						$ 2,573	$ 2,573
The 2024 Note, in the Event of Default [Member]
Debt Instrument, Interest Rate, Stated Percentage	13%
JKD Capital Partners I, LTD [Member]
Redeemable Financial Instruments								$ 0	$ 7,868
JKD Capital Partners I, LTD [Member] | Investment Agreement [Member]
Redeemable Financial Instruments	$ 7,719		$ 12,000
Proceeds from Redeemable Financial Instruments		$ 1,268	$ 6,000	$ 1,268	$ 1,000
Payments for Redeemable Financial Instruments	$ 2,573

Note 4 - Other Recent Busines_4

Note 4 - Other Recent Business Transactions or Events - SPAC Investment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Apr. 01, 2023
Cash and cash equivalents	$ 14,290	$ 10,650
Receivables from brokers, dealers, and clearing agencies	64,965	66,801
Other assets	4,444	3,741
Accounts payable and other liabilities	(7,474)	(8,115)
Other investments sold, not yet purchased	(2,719)	(24,742)
Vellar GP's remaining investment in the SPAC Fund	$ 56,859	$ 50,115
SPAC Fund [Member]
Cash and cash equivalents			$ 257
Receivables from brokers, dealers, and clearing agencies			68,066
Other investments, at fair value			40,388
Other assets			108
Accounts payable and other liabilities			(82,968)
Other investments sold, not yet purchased			(25,806)
Vellar GP's remaining investment in the SPAC Fund			$ 45

Note 5 - Net Trading - Net Trad

Note 5 - Net Trading - Net Trading (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net realized gains (losses) - trading inventory	$ 5,395	$ 3,250	$ 12,057	$ 13,967
Net unrealized gains (losses) - trading inventory	(482)	693	4,246	(1,581)
Net gains and losses	4,913	3,943	16,303	12,386
Interest income- trading inventory	839	1,232	3,349	2,885
Interest income-reverse repos	9,178	8,115	28,365	20,647
Interest income	10,017	9,347	31,714	23,532
Interest expense-repos	(8,372)	(7,214)	(25,707)	(18,299)
Interest expense-margin payable	(779)	(1,744)	(3,182)	(4,610)
Interest expense	(9,151)	(8,958)	(28,889)	(22,909)
Other trading revenue	3,037	3,159	8,334	10,108
Net trading	$ 8,816	$ 7,491	$ 27,462	$ 23,117

Note 6 - Receivables from and_3

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies - Receivables from and Payables to from Brokers, Dealers and Clearing Agencies (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Deposits with clearing agencies	$ 250	$ 250
Unsettled regular way trades, net	1,293	1,527
Receivables from clearing agencies	63,422	65,024
Receivables from brokers, dealers, and clearing agencies	64,965	66,801
Margin payable	53,674	111,085
Payables to brokers, dealers, and clearing agencies	$ 53,674	$ 111,085

Note 7 - Financial Instrument_2

Note 7 - Financial Instruments (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Investments, Fair Value Disclosure	$ 39,761	$ 72,217
Margin Loan Collateral [Member]
Other Investments, Fair Value Disclosure	996	946
Share Forward Arrangements [Member]
Derivative Asset	$ 1,452	1,447
Equity Securities, FV-NI		26,079
Accounts Receivable, Fair Value Disclosure		$ 6,278

Note 7 - Financial Instrument_3

Note 7 - Financial Instruments - Investments - Trading (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Investments-trading	$ 103,617	$ 181,328
Residential Mortgage Loans [Member]
Debt securities	0	3,113
Residential Mortgage-Backed Securities [Member]
Debt securities	5	9
Small Business Administration Loans [Member]
Debt securities	2,380	0
US Government Agencies Debt Securities [Member]
Debt securities	704	6,567
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Debt securities	50,363	88,000
US Treasury Securities [Member]
Debt securities	51	1,012
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading	35,412	53,657
Derivative [Member]
Investments-trading	3,114	7,470
Equity Securities [Member]
Investments-trading	688	928
Municipal Bonds [Member]
Investments-trading	$ 10,900	$ 20,572

Note 7 - Financial Instrument_4

Note 7 - Financial Instruments - Financial Instruments Sold, Not Yet Purchased (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Trading securities sold, not yet purchased	$ 43,446	$ 65,751
Other Investments, Fair Value Disclosure	39,761	72,217
Other investments sold, not yet purchased	2,719	24,742
US Government Agencies Debt Securities [Member]
Trading securities sold, not yet purchased	43	0
US Treasury Securities [Member]
Trading securities sold, not yet purchased	26,900	34,284
Corporate Bonds and Redeemable Preferred Stock [Member]
Trading securities sold, not yet purchased	14,547	24,355
Restricted Equity Securities [Member]
Other Investments, Fair Value Disclosure	2,123	97
Derivative [Member]
Trading securities sold, not yet purchased	1,745	6,719
Share Forward Liabilities [Member]
Other investments sold, not yet purchased	596	24,645
Equity Securities [Member]
Trading securities sold, not yet purchased	211	393
Other Investments, Fair Value Disclosure	$ 5,564	$ 38,038

Note 7 - Financial Instrument_5

Note 7 - Financial Instruments - Other Investments, at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Investments, Fair Value Disclosure	$ 39,761	$ 72,217
Restricted Equity Securities [Member]
Other Investments, Fair Value Disclosure	11,543	2,054
Corporate Bonds and Redeemable Preferred Stock [Member]
Other Investments, Fair Value Disclosure	631	506
CREO JV [Member]
Other Investments, Fair Value Disclosure	4,778	4,783
U.S. Insurance JV [Member]
Other Investments, Fair Value Disclosure	2,864	3,107
Residential Mortgage [Member]
Other Investments, Fair Value Disclosure	0	132
Equity Securities [Member]
Other Investments, Fair Value Disclosure	5,564	38,038
Equity Derivatives [Member]
Other Investments, Fair Value Disclosure	72	1,447
Fair Value Receivables [Member]
Other Investments, Fair Value Disclosure	13,848	9,541
Interest In SPVs [Member]
Other Investments, Fair Value Disclosure	$ 461	$ 12,609

Note 8 - Fair Value Disclosur_3

Note 8 - Fair Value Disclosures (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Investment Sold, Gain (Loss), Fair Value	$ (10,644)	$ (24,981)	$ (58,704)	$ (38,960)
Other Investment Sold, Not yet Purchased, Gain (Loss)	$ 7,591	$ 25,218	$ 28,590	$ 48,269

Note 8 - Fair Value Disclosur_4

Note 8 - Fair Value Disclosures - Fair Value Measurements on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2024		Dec. 31, 2023
Investments-trading	$ 103,617		$ 181,328
Total other investments, at fair value	39,761		72,217
Trading securities sold, not yet purchased	43,446		65,751
Other investments, sold not yet purchased	2,719		24,742
US Government Agencies Debt Securities [Member]
Trading securities sold, not yet purchased	43		0
US Treasury Securities [Member]
Trading securities sold, not yet purchased	26,900		34,284
Residential Mortgage [Member]
Total other investments, at fair value	0		132
Fair Value, Recurring [Member]
Investments-trading	103,617		181,328
Total other investments, at fair value	39,761		72,217
Trading securities sold, not yet purchased	43,446		65,751
Other investments, sold not yet purchased	2,719		24,742
Fair Value, Recurring [Member] | Residential Mortgage-Backed Securities [Member]
Investments-trading	5		9
Fair Value, Recurring [Member] | Residential Mortgage Loans [Member]
Investments-trading			3,113
Fair Value, Recurring [Member] | SBA Loans [Member]
Investments-trading	2,380
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member]
Investments-trading	704		6,567
Trading securities sold, not yet purchased	43		0
Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Investments-trading	50,363		88,000
Fair Value, Recurring [Member] | US Treasury Securities [Member]
Investments-trading	51		1,012
Trading securities sold, not yet purchased	26,900		34,284
Fair Value, Recurring [Member] | Total Investments not Measured at NAV [Member]
Total other investments, at fair value	32,119		64,327
Fair Value, Recurring [Member] | Residential Mortgage [Member]
Total other investments, at fair value			132
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading	445		1,651
Trading securities sold, not yet purchased	27,111		34,677
Other investments, sold not yet purchased	0		97
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Mortgage-Backed Securities [Member]
Investments-trading	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Mortgage Loans [Member]
Investments-trading			0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | SBA Loans [Member]
Investments-trading	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member]
Investments-trading	0		0
Trading securities sold, not yet purchased	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Investments-trading	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Treasury Securities [Member]
Investments-trading	51		1,012
Trading securities sold, not yet purchased	26,900		34,284
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Total Investments not Measured at NAV [Member]
Total other investments, at fair value	14,639		38,038
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Mortgage [Member]
Total other investments, at fair value			0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	103,172		179,677
Trading securities sold, not yet purchased	16,335		31,074
Other investments, sold not yet purchased	2,719		24,645
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Mortgage-Backed Securities [Member]
Investments-trading	5		9
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Loans [Member]
Investments-trading			3,113
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | SBA Loans [Member]
Investments-trading	2,380
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Investments-trading	704		6,567
Trading securities sold, not yet purchased	43		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Investments-trading	50,363		88,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury Securities [Member]
Investments-trading	0		0
Trading securities sold, not yet purchased	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Total Investments not Measured at NAV [Member]
Total other investments, at fair value	17,480		26,289
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Mortgage [Member]
Total other investments, at fair value			132
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading	0		0
Trading securities sold, not yet purchased	0		0
Other investments, sold not yet purchased	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Mortgage-Backed Securities [Member]
Investments-trading	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Mortgage Loans [Member]
Investments-trading			0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | SBA Loans [Member]
Investments-trading	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member]
Investments-trading	0		0
Trading securities sold, not yet purchased	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Investments-trading	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Treasury Securities [Member]
Investments-trading	0		0
Trading securities sold, not yet purchased	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Total Investments not Measured at NAV [Member]
Total other investments, at fair value	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Mortgage [Member]
Total other investments, at fair value			0
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Total other investments, at fair value	7,642	[1]	7,890	[2]
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading	35,412		53,657
Trading securities sold, not yet purchased	14,547		24,355
Corporate Bonds and Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member]
Investments-trading	35,412		53,657
Total other investments, at fair value	631		506
Trading securities sold, not yet purchased	14,547		24,355
Corporate Bonds and Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading	0		0
Total other investments, at fair value	0		0
Trading securities sold, not yet purchased	0		0
Corporate Bonds and Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	35,412		53,657
Total other investments, at fair value	631		506
Trading securities sold, not yet purchased	14,547		24,355
Corporate Bonds and Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading	0		0
Total other investments, at fair value	0		0
Trading securities sold, not yet purchased	0		0
Derivative [Member]
Investments-trading	3,114		7,470
Trading securities sold, not yet purchased	1,745		6,719
Derivative [Member] | Fair Value, Recurring [Member]
Investments-trading	3,114		7,470
Trading securities sold, not yet purchased	1,745		6,719
Derivative [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading	0		0
Trading securities sold, not yet purchased	0		0
Derivative [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	3,114		7,470
Trading securities sold, not yet purchased	1,745		6,719
Derivative [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading	0		0
Trading securities sold, not yet purchased	0		0
Equity Securities [Member]
Investments-trading	688		928
Total other investments, at fair value	5,564		38,038
Trading securities sold, not yet purchased	211		393
Equity Securities [Member] | Fair Value, Recurring [Member]
Investments-trading	688		928
Total other investments, at fair value	5,564		38,038
Trading securities sold, not yet purchased	211		393
Other investments, sold not yet purchased	2,123		97
Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading	394		639
Total other investments, at fair value	5,564		38,038
Trading securities sold, not yet purchased	211		393
Other investments, sold not yet purchased	0		97
Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	294		289
Total other investments, at fair value	0		0
Trading securities sold, not yet purchased	0		0
Other investments, sold not yet purchased	2,123		0
Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading	0		0
Total other investments, at fair value	0		0
Trading securities sold, not yet purchased	0		0
Other investments, sold not yet purchased	0		0
Municipal Bonds [Member]
Investments-trading	10,900		20,572
Municipal Bonds [Member] | Fair Value, Recurring [Member]
Investments-trading	10,900		20,572
Municipal Bonds [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading	0		0
Municipal Bonds [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	10,900		20,572
Municipal Bonds [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading	0		0
Equity Derivatives [Member]
Total other investments, at fair value	72		1,447
Equity Derivatives [Member] | Fair Value, Recurring [Member]
Total other investments, at fair value	72		1,447
Equity Derivatives [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total other investments, at fair value	0		0
Equity Derivatives [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total other investments, at fair value	72		1,447
Equity Derivatives [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total other investments, at fair value	0		0
Restricted Equity Securities [Member]
Total other investments, at fair value	2,123		97
Restricted Equity Securities [Member] | Fair Value, Recurring [Member]
Total other investments, at fair value	11,543		2,054
Restricted Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total other investments, at fair value	9,075		0
Restricted Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total other investments, at fair value	2,468		2,054
Restricted Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total other investments, at fair value	0		0
Fair Value Receivables [Member]
Total other investments, at fair value	13,848		9,541
Fair Value Receivables [Member] | Fair Value, Recurring [Member]
Total other investments, at fair value	13,848		9,541
Fair Value Receivables [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total other investments, at fair value	0		0
Fair Value Receivables [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total other investments, at fair value	13,848		9,541
Fair Value Receivables [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total other investments, at fair value	0		0
Interest In SPVs [Member]
Total other investments, at fair value	461		12,609
Interest In SPVs [Member] | Fair Value, Recurring [Member]
Total other investments, at fair value	461		12,609
Interest In SPVs [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total other investments, at fair value	0		0
Interest In SPVs [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total other investments, at fair value	461		12,609
Interest In SPVs [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total other investments, at fair value	0		0
Share Forward Liabilities [Member]
Other investments, sold not yet purchased	596		24,645
Share Forward Liabilities [Member] | Fair Value, Recurring [Member]
Other investments, sold not yet purchased	596		24,645
Share Forward Liabilities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Other investments, sold not yet purchased	0		0
Share Forward Liabilities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Other investments, sold not yet purchased	596		24,645
Share Forward Liabilities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Other investments, sold not yet purchased	$ 0		$ 0
[1]As a practical expedient, the Company uses NAV (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV and the CREO JV. The U.S. Insurance JV invests in U.S. Dollar ("USD") denominated debt issued by small insurance and reinsurance companies. The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans. According to ASC 820, these investments are not categorized within the valuation hierarchy.[2]As a practical expedient, the Company uses NAV (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV and the CREO JV. The U.S. Insurance JV invests in USD denominated debt issued by small insurance and reinsurance companies. The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans. According to ASC 820, these investments are not categorized within the valuation hierarchy.

Note 8 - Fair Value Disclosur_5

Note 8 - Fair Value Disclosures - Fair Value Measurements of Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (Details) - USD ($) $ in Thousands		Sep. 30, 2024		Dec. 31, 2023
Alternative investment		$ 7,642		$ 7,890
CREO JV [Member]
Alternative investment	[1]	4,778		4,783
Unfunded commitments	[1]	11,543		11,150
U.S. Insurance JV [Member]
Alternative investment		$ 2,864	[2]	$ 3,107	[3]
[1]The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans.[2]The U.S. Insurance JV invests in USD denominated debt issued by small and medium size insurance and reinsurance companies.[3]The U.S. Insurance JV invests in USD denominated debt issued by small and medium size insurance and reinsurance companies.

Note 9 - Derivative Financial_3

Note 9 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Other Extended Settlement Trade [Member] | Long [Member]
Derivative, Notional Amount	$ 0		$ 0
Equity Derivatives [Member] | Short [Member]
Derivative Asset	72		1,447
TBA and Other Forward MBS [Member] | Long [Member]
Derivative, Notional Amount	1,143,600		592,000
TBA and Other Forward MBS [Member] | Short [Member]
Derivative, Notional Amount	1,165,260		618,425
Foreign Exchange Forward [Member]
Derivative, Notional Amount	0		$ 0
Share Forward Liabilities [Member]
Gain (Loss) on Investments	$ (20,038)	$ (32,229)

Note 9 - Derivative Financial_4

Note 9 - Derivative Financial Instruments - Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative financial instruments, fair value, net	$ 845	$ (22,447)
TBA and Other Forward MBS [Member] | Long [Member]
Derivative financial instruments, fair value, net	3,114	7,470
TBA and Other Forward MBS [Member] | Short [Member]
Derivative financial instruments, fair value, net	(1,745)	(6,719)
Equity Derivatives [Member] | Short [Member]
Derivative financial instruments, fair value, net	72	1,447
Share Forward Liabilities [Member] | Short [Member]
Derivative financial instruments, fair value, net	$ (596)	$ (24,645)

Note 9 - Derivative Financial_5

Note 9 - Derivative Financial Instruments - Statement of Operations Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative financial instruments	$ 6,031	$ 28,117	$ 24,323	$ 53,600
TBA and Other Forward MBS [Member]
Derivative financial instruments	421	2,141	3,024	4,063
Equity Derivatives [Member]
Derivative financial instruments	(804)	744	(1,447)	1,266
Share Forward Liabilities [Member]
Derivative financial instruments	$ 6,414	$ 25,232	$ 22,746	$ 48,271

Note 9 - Derivative Financial_6

Note 9 - Derivative Financial Instruments - Share Forward Arrangements (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Share forward arrangements, fair value	$ 856	$ 9,159
Equity Securities [Member]
Share forward arrangements, fair value	1,452	26,079
Equity Derivatives [Member]
Share forward arrangements, fair value	0	1,447
Fair Value Receivables [Member]
Share forward arrangements, fair value	0	6,278
Share Forward Liabilities [Member]
Share forward arrangements, fair value	$ (596)	$ (24,645)

Note 10 - Collateralized Secu_3

Note 10 - Collateralized Securities Transactions (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)
Securities Purchased under Agreements to Resell, Total	$ 543,783		$ 543,783		$ 408,408
Fair Value of Securities Received as Collateral that Can be Resold or Repledged	550,846		550,846		415,057
Securities Sold under Agreements to Repurchase	545,993		545,993		408,203
Fair Value of Securities Received as Collateral that Have Been Resold or Repledged	550,846		550,846		$ 415,057
Revenues	$ 31,695	$ 17,121	$ 61,057	$ 48,517
Securities Sold under Agreements to Repurchase, Average Rate Paid			5.85%		6.10%
Securities Purchased under Agreements to Resell, Average Rate			6.45%		6.87%
Gestational Repo Business [Member]
Number of Counterparties Related to Reverse Repurchase Agreements	7		7		7
Revenues	$ 3,843	$ 4,060	$ 10,992	12,456
First Guaranty Mortgage Corporation [Member]
Securities Purchased under Agreements to Resell, Total						$ 269,228
Gain (Loss) on Sale of Collateral			4	$ (1,787)
First Guaranty Mortgage Corporation [Member] | Residential Mortgage [Member]
Securities Purchased under Agreements to Resell, Total	$ 0		$ 0		$ 3,113

Note 10 - Collateralized Secu_4

Note 10 - Collateralized Securities Transactions - Secured Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Securities sold under agreements to repurchase	$ 545,993	$ 408,203
Receivables under resale agreements	543,783	408,408
Overnight and Continuous [Member]
Securities sold under agreements to repurchase	2,380
Receivables under resale agreements	0
Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	543,613	408,203
Receivables under resale agreements	543,783	408,408
Maturity 30 to 90 Days [Member]
Securities sold under agreements to repurchase	0	0
Receivables under resale agreements	0	0
Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase	0	0
Receivables under resale agreements	0	0
Collateralized Mortgage-Backed Securities [Member]
Securities sold under agreements to repurchase	543,613	408,203
Receivables under resale agreements	543,783	408,408
Collateralized Mortgage-Backed Securities [Member] | Overnight and Continuous [Member]
Securities sold under agreements to repurchase	0
Receivables under resale agreements	0
Collateralized Mortgage-Backed Securities [Member] | Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	543,613	408,203
Receivables under resale agreements	543,783	408,408
Collateralized Mortgage-Backed Securities [Member] | Maturity 30 to 90 Days [Member]
Securities sold under agreements to repurchase	0	0
Receivables under resale agreements	0	0
Collateralized Mortgage-Backed Securities [Member] | Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase	0	0
Receivables under resale agreements	0	$ 0
SBA Loans [Member]
Securities sold under agreements to repurchase	2,380
SBA Loans [Member] | Overnight and Continuous [Member]
Securities sold under agreements to repurchase	2,380
SBA Loans [Member] | Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	0
SBA Loans [Member] | Maturity 30 to 90 Days [Member]
Securities sold under agreements to repurchase	0
SBA Loans [Member] | Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase	$ 0

Note 11 - Investments in Equi_3

Note 11 - Investments in Equity Method Affiliates - Investments in Equity Method Affiliates (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Balance			$ 14,241	$ 8,929
Investments / advances			193	1,806
Distributions / repayments			(978)	(5)
Reclasses to (from)			(9,669)	(362)
Earnings / (loss) recognized	$ (683)	$ (702)	22,366	(1,608)
Balance	26,153	8,760	26,153	8,760
Dutch Real Estate Entities [Member]
Balance			5,864	5,530
Investments / advances			0	0
Distributions / repayments			0	0
Reclasses to (from)			0	0
Earnings / (loss) recognized			(344)	72
Balance	5,520	5,602	5,520	5,602
Other SPAC Sponsor Entities [Member]
Balance			8,377	3,399
Investments / advances			193	1,806
Distributions / repayments			(978)	(5)
Reclasses to (from)			(9,669)	(362)
Earnings / (loss) recognized			22,710	(1,680)
Balance	$ 20,633	$ 3,158	$ 20,633	$ 3,158

Note 12 - Leases (Details Textu

Note 12 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating Lease, Weighted Average Remaining Lease Term (Year)	4 years 10 months 24 days		4 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	4.95%		4.95%
Operating Lease, Payments			$ 1,693	$ 2,017
Sublease Income	$ 22	$ 23	68	71
Operating Lease, Expense	$ 687	$ 638	$ 1,969	$ 1,902

Note 12 - Leases - Future Matur

Note 12 - Leases - Future Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
2024 - remaining	$ 502
2025	1,930
2026	1,674
2027	1,695
2028	1,708
Thereafter	1,304
Total	8,813
Less imputed interest	(1,037)
Lease obligation	$ 7,776	$ 8,216

Note 13 - Other Receivables, _3

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Other Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Asset management fees receivable	$ 2,157	$ 1,085
New issue fee receivable	5,703	1,181
Accrued interest and dividend receivable	892	1,689
Revenue share receivable	998	321
Agency repo income receivable	447	391
Miscellaneous other receivables	882	706
Other receivables	$ 11,079	$ 5,373

Note 13 - Other Receivables, _4

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Prepaid expenses	$ 1,860	$ 1,328
Prepaid taxes	0	235
Deposits	740	730
Intangible assets	166	166
Other assets	4,444	3,741
Furniture, Equipment, And Leasehold Improvements [Member]
Furniture, equipment, and leasehold improvements, net	$ 1,678	$ 1,282

Note 13 - Other Receivables, _5

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Accounts Payable and Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts payable	$ 626	$ 1,180
Redeemable financial instruments accrued interest	0	90
Accrued income tax	488	0
Accrued interest payable	579	474
Accrued interest on securities sold, not yet purchased	432	725
Payroll taxes payable	2,232	2,118
Accrued expense and other liabilities	3,117	3,528
Accounts payable and other liabilities	$ 7,474	$ 8,115

Note 14 - Variable Interest E_3

Note 14 - Variable Interest Entities (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Liabilities, Total	$ 717,386	$ 680,964
Variable Interest Entity, Unavailability of Information, Number of Entities	2
Variable Interest Entity, Not Primary Beneficiary [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments	$ 11,543	11,150
Liabilities, Total	$ 0	$ 0

Note 14 - Variable Interest E_4

Note 14 - Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Cash and cash equivalents	$ 14,290	$ 10,650
Other receivables	11,079	5,373
Other investments, at fair value	39,761	72,217
Investment in equity method affiliates	26,153	14,241	$ 8,760	$ 8,929
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents	221	27
Due from broker	6,296	461
Other receivables	19	0
Other investments, at fair value	8,411	34,129
Investment in equity method affiliates	15,125	2,638
Other investments sold, not yet purchased, at fair value	(2,565)	(24,396)
Non-controlling interest	(14,480)	(9,604)
Investment in consolidated VIEs	$ 13,027	$ 3,255

Note 14 - Variable Interest E_5

Note 14 - Variable Interest Entities - Carrying Value of Variable Interests in Non-consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Other Investments, Fair Value Disclosure	$ 39,761	$ 72,217
Investments in equity method affiliates	26,153	14,241	$ 8,760	$ 8,929
Variable Interest Entity, Not Primary Beneficiary [Member]
Other Investments, Fair Value Disclosure	8,103	20,499
Investments in equity method affiliates	20,633	5,739
Maximum exposure	$ 28,736	$ 26,238

Note 15 - Redeemable Financia_3

Note 15 - Redeemable Financial Instruments (Details Textual) - USD ($) $ in Thousands				1 Months Ended
	Sep. 01, 2024	Jan. 09, 2019	Oct. 03, 2016	Jan. 31, 2019	Jan. 31, 2017	Sep. 30, 2024	Dec. 31, 2023
Redeemable Financial Instruments						$ 0	$ 7,868
Due to Related Parties, Annual Return on Investment						50%
The 2024 Note [Member]
Debt Instrument, Face Amount	$ 5,146
JKD Capital Partners I, LTD [Member]
Redeemable Financial Instruments						$ 0	$ 7,868
JKD Capital Partners I, LTD [Member] | Investment Agreement [Member]
Redeemable Financial Instruments	7,719		$ 12,000
Proceeds from Redeemable Financial Instruments		$ 1,268	$ 6,000	$ 1,268	$ 1,000
Payments for Redeemable Financial Instruments	$ 2,573

Note 15 - Redeemable Financia_4

Note 15 - Redeemable Financial Instruments - Redeemable Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Redeemable financial instruments	$ 0	$ 7,868
JKD Capital Partners I, LTD [Member]
Redeemable financial instruments	$ 0	$ 7,868

Note 16 - Debt (Details Textual

Note 16 - Debt (Details Textual) - USD ($) $ in Thousands				3 Months Ended	9 Months Ended
		Dec. 21, 2021	Oct. 28, 2020	Jun. 30, 2024	Sep. 30, 2024	Aug. 31, 2026	Aug. 31, 2025	Sep. 01, 2024	Jan. 05, 2024	Dec. 31, 2023	Jan. 31, 2022
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust					$ 49,614
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount					1,489
Stock Issued During Period, Value, New Issues				$ 154
Equity Securities without Readily Determinable Fair Value, Amount					$ 0
Alesco Capital Trust I [Member] | Cohen & Company [Member]
Stock Issued During Period, Shares, New Issues (in shares)					870
Stock Issued During Period, Value, New Issues					$ 870
Sunset Financial Statutory Trust I [Member] | Cohen & Company [Member]
Stock Issued During Period, Shares, New Issues (in shares)					619
Stock Issued During Period, Value, New Issues					$ 619
Credit Facility [Member] | JVB [Member] | Byline Bank [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.50%
The 2024 Note [Member]
Debt Instrument, Face Amount								$ 5,146
Debt Instrument, Interest Rate, Stated Percentage								12%
The 2024 Note [Member] | Forecast [Member]
Debt Instrument, Amount Due and Payable						$ 2,573	$ 2,573
The 2024 Note, in the Event of Default [Member]
Debt Instrument, Interest Rate, Stated Percentage								13%
Credit Facility [Member] | JVB [Member] | Byline Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 15,000	$ 15,000
Line of Credit Facility, Commitment Fee Percentage			0.50%
Line of Credit Facility, Minimum Request in Reduction of Maximum Borrowing Capacity			$ 1,000
Line of Credit Facility, Reduction in Maximum Borrowing Capacity, Increments After Minimum		$ 500
Debt Instrument, Covenant, Minimum Tangible Net Worth					70,000
Debt Instrument, Covenant, Minimum Excess Net Capital					$ 40,000
Financial Covenant, Total Amount, Drawn Maximum Percentage Of Tangible Net Worth					25%
Long-Term Line of Credit					$ 0					$ 0
Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) [Member] | JVB [Member] | Byline Bank [Member]
Debt Instrument, Basis Spread on Variable Rate		6%
Debt Instrument, Minimum Interest Rate			7%
Junior Subordinated Debt [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust					$ 49,614
Yield To Maturities					21.05%
Junior Subordinated Debt [Member] | Sunset Financial Statutory Trust I [Member] | Alesco Capital Trust I [Member]
Fair Value of Common Securities Variable Interest Entities Trusts					$ 0
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | JKD Capital Partners I, LTD [Member]
Debt Instrument, Interest Rate, Stated Percentage											10%
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 12.00% (2020 Senior Notes) [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage									12%
Junior Subordinated Notes [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust					$ 49,614
Junior Subordinated Notes [Member] | Sunset Financial Statutory Trust I [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]				9.02%
Junior Subordinated Notes [Member] | Alesco Capital Trust I Debt [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust					$ 28,995
Junior Subordinated Notes [Member] | Alesco Capital Trust I Debt [Member] | London Interbank Offered Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					4%
Junior Subordinated Notes [Member] | Alesco Capital Trust I Debt [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate					4%
Debt Instrument, Tenor Spread Adjustment					0.26161%
Junior Subordinated Notes [Member] | Sunset Financial Statutory Trust I Debt [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust					$ 20,619
Debt Instrument, Basis Spread on Variable Rate					4.15%
[1]Represents the interest rate in effect as of the last day of the reporting period.[2]The junior subordinated notes listed represent debt the Company owes to the two trusts noted above. The total par amount owed by the Company to the trusts is $49,614. However, the Company owns the common stock of the trusts in a total par amount of $1,489. The Company pays interest (and at maturity, principal) to the trusts on the entire $49,614 junior notes outstanding. However, the Company receives back from the trusts the pro rata share of interest and principal on the common stock held by the Company. These trusts are VIEs and the Company does not consolidate them even though the Company holds the common stock. The Company carries the common stock on its balance sheet at a value of $0. The junior subordinated notes are recorded at a discount to par. When factoring in the discount, the yield to maturity of the junior subordinated notes as of June 30, 2024 on a combined basis was 21.71% assuming the variable rate in effect on the last day of the reporting period remains in effect until maturity.

Note 16 - Debt - Detail of Debt

Note 16 - Debt - Detail of Debt (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Long-term Debt, Gross		$ 0	$ 0
Debt		34,851	29,716
Contingent Convertible Senior Notes [Member]
Debt		25,205	25,216
Junior Subordinated Notes [Member]
Less unamortized discount		(22,920)	(22,909)
Non-convertible Senior Notes 10.00% (2024 Senior Notes) [Member] | Contingent Convertible Senior Notes [Member]
Long-term Debt, Gross		$ 5,146	0
Interest Rate	[1]	12%
Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | Contingent Convertible Senior Notes [Member]
Long-term Debt, Gross		$ 4,500	4,500
Interest Rate		12%
Alesco Capital Trust I [Member] | Junior Subordinated Notes [Member]
Long-term Debt, Gross	[2]	$ 28,125	28,125
Interest Rate	[1],[2]	9.52%
Sunset Financial Statutory Trust I [Member] | Junior Subordinated Notes [Member]
Long-term Debt, Gross	[2]	$ 20,000	$ 20,000
Interest Rate	[1],[2]	9.02%
[1]Represents the interest rate in effect as of the last day of the reporting period.[2]The junior subordinated notes listed represent debt the Company owes to the two trusts noted above. The total par amount owed by the Company to the trusts is $49,614. However, the Company owns the common stock of the trusts in a total par amount of $1,489. The Company pays interest (and at maturity, principal) to the trusts on the entire $49,614 junior notes outstanding. However, the Company receives back from the trusts the pro rata share of interest and principal on the common stock held by the Company. These trusts are VIEs and the Company does not consolidate them even though the Company holds the common stock. The Company carries the common stock on its balance sheet at a value of $0. The junior subordinated notes are recorded at a discount to par. When factoring in the discount, the yield to maturity of the junior subordinated notes as of June 30, 2024 on a combined basis was 21.71% assuming the variable rate in effect on the last day of the reporting period remains in effect until maturity.

Note 16 - Debt - Interest Expen

Note 16 - Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest expense, net	$ 1,256	$ 1,685	$ 4,347	$ 4,907
Junior Subordinated Notes [Member]
Interest expense, net	1,199	1,402	3,532	3,887
Senior Note 2020 & 2024 [Member]
Interest expense, net	187	114	449	337
Byline Bank Credit Facility [Member]
Interest expense, net	19	59	57	282
Redeemable Financial Instrument - JKD Capital Partners I LTD [Member]
Redeemable financial instrument - JKD Investor	$ (149)	$ 110	$ 309	$ 401

Note 17 - Equity (Details Textu

Note 17 - Equity (Details Textual) $ / shares in Units, $ in Thousands							3 Months Ended						9 Months Ended
	Nov. 04, 2024 $ / shares	Feb. 01, 2024 USD ($) $ / shares shares	Jan. 02, 2024 $ / shares shares	Feb. 01, 2023 USD ($) $ / shares shares	Mar. 10, 2020 $ / shares	Dec. 23, 2019 $ / shares shares	Sep. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) $ / shares	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)	Dec. 31, 2023 $ / shares shares	Oct. 05, 2023 USD ($)	Dec. 01, 2020 USD ($)
Preferred Stock, Shares Outstanding, Ending Balance (in shares)							27,413,098						27,413,098		27,413,098
Preferred Stock, Shares Authorized (in shares)							50,000,000						50,000,000		50,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares					$ 0.001		$ 0.001						$ 0.001		$ 0.001
Preferred Stock, Shares Issued, Total (in shares)							27,413,098						27,413,098		27,413,098
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $										$ 0
Stock Issued During Period, Value, New Issues | $								$ 154
Equity Agreement [Member] | Northland Capital Markets [Member] | Maximum [Member]
Aggregate Offering Price | $																	$ 75,000
Equity Distribution Agreement [Member]
Stock Issued During Period, Shares, New Issues (in shares)							0						13,500
Sale of Stock, Maximum Shares Permitted by SEC | $																$ 4,712
Sale of Stock, Commission, Percent																2.50%
Stock Issued During Period, Value, New Issues | $							$ 0						$ 154
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $								198	$ 447	0	$ 30	$ 582	645	$ 612
Stock Issued During Period, Value, New Issues | $								154
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $								(4)	(10)	0	(1)	(12)	(14)	(13)
Noncontrolling Interest [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $								$ (194)	$ (437)	$ 0	$ (29)	$ (570)	$ (631)	$ (599)
O 2024 Q1 Dividends [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares									$ 0.25
Dividends Payable, Date Declared									Mar. 06, 2024
Dividends Payable, Date to be Paid									Apr. 05, 2024
Dividends Payable, Date of Record									Mar. 22, 2024
O 2024 Q4 Dividends [Member] | Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares	$ 0.25
Dividends Payable, Date Declared	Nov. 04, 2024
O 2024 Q2 Dividends [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares								$ 0.25
Dividends Payable, Date Declared								May 06, 2024
Dividends Payable, Date to be Paid								Jun. 05, 2024
Dividends Payable, Date of Record								May 20, 2024
O 2024 Q3 Dividends [Member]
Dividends Payable, Date Declared							Aug. 05, 2024
Dividends Payable, Date to be Paid							Sep. 05, 2024
Dividends Payable, Date of Record							Aug. 22, 2024
The 2024 Rights Agreement [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares			$ 100
Repurchase of Warrants, Price per Share (in dollars per share) | $ / shares			200
Share Price (in dollars per share) | $ / shares			$ 20
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)			10
Voting Power, Percentage			50%
Percentage of Purchase Price Required for Adjustments			1%
Number of Fractal Units Issued (in shares)			0
The 2020 Rights Agreement [Member]
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares					0.001
Executive Chairman [Member]
Number of Redeemed LLC Units		443,474		479,380
Aggregate Payable for Redeemed Units | $		$ 315		$ 421
Redeemed LLC Units, Price Per Unit (in dollars per share) | $ / shares		$ 0.711		$ 0.878
Executive Chairman [Member] | Restricted LLC Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		940,669		967,830
Chief Executive Officer [Member]
Number of Redeemed LLC Units		483,301		470,330
Aggregate Payable for Redeemed Units | $		$ 344		$ 413
Redeemed LLC Units, Price Per Unit (in dollars per share) | $ / shares		$ 0.711		$ 0.878
Chief Executive Officer [Member] | Restricted LLC Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		540,633		470,330
Chief Executive Officer [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		40,000		49,750
Series E Preferred Stock [Member]
Ratio of Shares To Vote													10
Preferred Stock, Shares Outstanding, Ending Balance (in shares)							4,983,557						4,983,557
Preferred Stock, Shares Issued, Total (in shares)								4,983,557
Series F Preferred Stock [Member]
Ratio of Shares To Vote						10
Preferred Stock, Shares Authorized (in shares)						25,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares						$ 0.001
Preferred Stock, Shares Issued, Total (in shares)							22,429,541						22,429,541
Series F Preferred Stock [Member] | Mr. Cohen [Member]
Stock Issued During Period, Shares, New Issues (in shares)						12,549,273
Series F Preferred Stock [Member] | DGC Trust [Member]
Stock Issued During Period, Shares, New Issues (in shares)						9,880,268
Series C Junior Participating Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares					0.001
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares					$ 100
Class of Warrant or Right, Exercise Trigger, Percentage of Common Stock Owned by Individual or Affiliates					4.95%

Note 17 - Equity - Shares Outst

Note 17 - Equity - Shares Outstanding of Stockholders' Equity of the Company (Details) - Cohen & Company [Member] - Common Stock [Member]	9 Months Ended
	Sep. 30, 2024 shares
Shares, outstanding (in shares)	1,526,256
Issuance of shares (in shares)	13,500
Units exchanged into shares (in shares)	7,209
Vesting of shares (in shares)	110,091
Shares withheld for employee taxes and retired (in shares)	(26,195)
Shares, outstanding (in shares)	1,630,861

Note 17 - Equity - Rollforward

Note 17 - Equity - Rollforward of Units Outstanding (Details) - Unit Issuance and Surrender Agreement [Member]	9 Months Ended
	Sep. 30, 2024 shares
Issuance of Units (in shares)	135,000
Units exchanged into shares (in shares)	72,088
Issuance as equity-based compensation (in shares)	838,960
Total (in shares)	1,046,048

Note 17 - Equity - Schedule of

Note 17 - Equity - Schedule of Effects of Changes in Ownership Interest Subsidiary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income / (loss) attributable to Cohen & Company Inc.	$ 2,150	$ (423)	$ 1,824	$ (9,661)
Increase / (decrease) in Cohen & Company Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net			645	612
Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest			$ 2,469	$ (9,049)

Note 17 - Equity - Rollforwar_2

Note 17 - Equity - Rollforward of Non-controlling Interests (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2024
Balance			$ 50,115		$ 50,115
Non-controlling interest share of income (loss)					13,240
Other comprehensive (loss)					26
Acquisition / (surrender) of additional units of consolidated subsidiary					(631)
Equity-based compensation					2,472
Shares withheld for employee taxes					(135)
Distributions to convertible non-controlling interest of Cohen & Company Inc.					(3,837)
Redemption of convertible non-controlling interest units			(659)	$ (834)	(659)
Non-convertible non-controlling interest distributions	$ (165)	$ (3,567)			(3,732)
Balance	56,859				56,859
Operating LLC [Member]
Balance			40,510		40,510
Non-controlling interest share of income (loss)					4,631
Other comprehensive (loss)					26
Acquisition / (surrender) of additional units of consolidated subsidiary					(631)
Equity-based compensation					2,472
Shares withheld for employee taxes					(135)
Distributions to convertible non-controlling interest of Cohen & Company Inc.					(3,837)
Redemption of convertible non-controlling interest units					(659)
Non-convertible non-controlling interest distributions					0
Balance	42,377				42,377
Insurance SPAC [Member]
Balance			$ 9,605		9,605
Non-controlling interest share of income (loss)					8,609
Other comprehensive (loss)					0
Acquisition / (surrender) of additional units of consolidated subsidiary					0
Equity-based compensation					0
Shares withheld for employee taxes					0
Distributions to convertible non-controlling interest of Cohen & Company Inc.					0
Redemption of convertible non-controlling interest units					0
Non-convertible non-controlling interest distributions					(3,732)
Balance	$ 14,482				$ 14,482

Note 18 - Income Taxes (Details

Note 18 - Income Taxes (Details Textual)	9 Months Ended
	Sep. 30, 2024
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%
Operating LLC [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner	28.40%
Operating LLC [Member] | Remaining Non-Controlling Members [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner	71.60%

Note 18 - Income Taxes - Income

Note 18 - Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Current, tax			$ 540	$ 180
Current, change			(360)
Deferred tax provision (benefit)			(105)	5,199
Deferred, change			5,304
Total, tax	$ 142	$ (755)	435	$ 5,379
Total, change			$ 4,944

Note 19 - Net Capital Require_2

Note 19 - Net Capital Requirements (Details Textual) $ in Thousands	Sep. 30, 2024 USD ($)
JVB [Member]
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard	$ 250
Broker-Dealer, Net Capital	51,106
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard	50,856
CCFESA [Member]
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard	692
Broker-Dealer, Net Capital	2,273
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard	$ 1,581

Note 20 - Earnings (Loss) Per_3

Note 20 - Earnings (Loss) Per Common Share (Details Textual)	9 Months Ended
	Sep. 30, 2024
Redeemable Non-controlling Interest Membership Units Not Held Share Ratio	10

Note 20 - Earnings (Loss) Per_4

Note 20 - Earnings (Loss) Per Common Share - Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Net income / (loss) attributable to Cohen & Company Inc.		$ 2,150		$ (423)		$ 1,824		$ (9,661)
Add / (deduct): Adjustment (2)	[1]	(17)		6,114		(30)		0
Net income / (loss) on a fully converted basis		$ 7,579		$ (1,558)		$ 6,425		$ (9,661)
Weighted average common shares outstanding - Basic (in shares)		1,630,861		1,521,856		1,609,384		1,510,498
Unrestricted LLC Units exchangeable into Cohen & Company Inc. shares (1) (in shares)	[2]	4,062,497		4,014,250		4,060,126		0
Restricted units or shares (in shares)		97,498		0		57,627		0
Weighted average common shares outstanding - Diluted (3) (in shares)	[3]	5,790,856		5,536,106		5,727,137		1,510,498
Net income / (loss) per common share - Basic (in dollars per share)		$ 1.32		$ (0.28)		$ 1.13		$ (6.4)
Net income / (loss) per common share - Diluted (in dollars per share)		$ 1.31		$ (0.28)		$ 1.12		$ (6.4)
Non-controlling Interest of Cohen & Co. [Member]
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (1)		$ 5,446	[2]	$ (7,249)	[2]	$ 4,631	[2]	$ (15,357)
[1]An adjustment is included because the Company would have incurred a higher income tax expense or realized a higher income tax benefit, as applicable, if the LLC Units had been converted at the beginning of the period.[2]The units of membership interests in the Operating LLC (“LLC Units” ) not held by Cohen & Company Inc. (that is, those held by the non-controlling interest) may be redeemed and exchanged into shares of the Company on a ten-for-one basis. The LLC Units not held by Cohen & Company Inc. are redeemable, at the member’s option at any time, for (i) cash in an amount equal to the average of the per share closing prices of the Common Stock for the ten consecutive trading days immediately preceding the date the Company receives the member’s redemption notice, or (ii) at the Company’s option, one tenth of a share of the Common Stock, subject, in each case, to appropriate adjustment upon the occurrence of an issuance of additional shares of the Common Stock as a dividend or other distribution on the outstanding Common Stock, or a further subdivision or combination of the outstanding shares of the Common Stock. These LLC Units are not included in the computation of basic earnings per share. These LLC Units enter into the computation of diluted net income (loss) per common share when the effect is not anti-dilutive using the if-converted method.[3]Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows

Note 20 - Earnings (Loss) Per_5

Note 20 - Earnings (Loss) Per Common Share - Schedule of Anti-Dilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive securities (in shares)	0	9,148	0	4,017,740
Unrestricted LLC Units [Member]
Antidilutive securities (in shares)	0	0	0	4,008,822
Restricted Stock [Member]
Antidilutive securities (in shares)	0	6,390	0	7,153
Restricted LLC Units [Member]
Antidilutive securities (in shares)	0	2,758	0	1,765

Note 22 - Segment and Geograp_3

Note 22 - Segment and Geographic Information (Details Textual)	9 Months Ended
	Sep. 30, 2024
Number of Operating Segments	3

Note 22 - Segment and Geograp_4

Note 22 - Segment and Geographic Information - Statements of Operations Information (Details) - USD ($) $ in Thousands		3 Months Ended								9 Months Ended
		Sep. 30, 2024		Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023		Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024		Sep. 30, 2023
Net trading		$ 8,816				$ 7,491				$ 27,462		$ 23,117
Principal transactions and other income		(1,727)				595				(26,694)		10,440
Revenues		31,695				17,121				61,057		48,517
Compensation		17,915				15,219				43,453		35,757
Other Operating Expense		6,558				6,006				20,124		17,348
Total operating expenses		24,473				21,225				63,577		53,105
Operating income (loss)		7,222				(4,104)				(2,520)		(4,588)
Interest income (expense)		(1,256)				(1,685)				(4,347)		(4,907)
Earnings / (loss) recognized		(683)				(702)				22,366		(1,608)
Income (loss) before income taxes		5,283				(6,491)				15,499		(11,103)
Income tax expense (benefit)		142				(755)				435		5,379
Net income (loss)		5,141		$ (13,583)	$ 23,506	(5,736)		$ (692)	$ (10,054)	15,064		(16,482)
Net income (loss) attributable to Cohen & Company Inc.		2,150				(423)				1,824		(9,661)
Depreciation and amortization (included in total operating expense)		144				140				393		433
Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-controlling interest		(2,455)				1,936				8,609		8,536
Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		7,596				(7,672)				6,455		(25,018)
Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-controlling interest		5,446	[1]			(7,249)	[1]			4,631	[1]	(15,357)
Asset Management [Member]
Revenues		2,147				1,788				6,942		5,418
New Issue and Advisory [Member]
Revenues		22,459				7,247				53,347		9,542
Operating Segments [Member]
Net trading		8,816				7,491				27,462		23,117
Principal transactions and other income		(1,727)				595				(26,694)		10,440
Revenues		31,695				17,121				61,057		48,517
Compensation		14,090				10,736				38,296		27,663
Other Operating Expense		5,396				4,757				15,246		13,581
Total operating expenses		19,486				15,493				53,542		41,244
Operating income (loss)		12,209				1,628				7,515		7,273
Interest income (expense)		(19)				(60)				(57)		(282)
Earnings / (loss) recognized		(683)				(702)				22,366		(1,608)
Income (loss) before income taxes		11,507				866				29,824		5,383
Income tax expense (benefit)		0				0				0		0
Net income (loss)		11,507				866				29,824		5,383
Net income (loss) attributable to Cohen & Company Inc.		13,962				(1,070)				21,215		(3,153)
Depreciation and amortization (included in total operating expense)		3				1				4		4
Operating Segments [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-controlling interest		(2,455)				1,936				8,609		8,536
Operating Segments [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		13,962				(1,070)				21,215		(3,153)
Operating Segments [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-controlling interest		0				0				0		0
Operating Segments [Member] | Asset Management [Member]
Revenues		2,147				1,788				6,942		5,418
Operating Segments [Member] | New Issue and Advisory [Member]
Revenues		22,459				7,247				53,347		9,542
Operating Segments [Member] | Capital Markets [Member]
Net trading		8,816				7,491				27,462		23,117
Principal transactions and other income		0				0				0		0
Revenues		31,275				14,738				80,809		32,659
Compensation		11,878				8,831				32,255		22,446
Other Operating Expense		4,760				3,696				12,877		10,964
Total operating expenses		16,638				12,527				45,132		33,410
Operating income (loss)		14,637				2,211				35,677		(751)
Interest income (expense)		(19)				(60)				(57)		(282)
Earnings / (loss) recognized		0				0				0		0
Income (loss) before income taxes		14,618				2,151				35,620		(1,033)
Income tax expense (benefit)		0				0				0		0
Net income (loss)		14,618				2,151				35,620		(1,033)
Net income (loss) attributable to Cohen & Company Inc.		14,618				2,151				35,620		(1,033)
Depreciation and amortization (included in total operating expense)		0				0				0		0
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-controlling interest		0				0				0		0
Operating Segments [Member] | Capital Markets [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		14,618				2,151				35,620		(1,033)
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-controlling interest		0				0				0		0
Operating Segments [Member] | Capital Markets [Member] | Asset Management [Member]
Revenues		0				0				0		0
Operating Segments [Member] | Capital Markets [Member] | New Issue and Advisory [Member]
Revenues		22,459				7,247				53,347		9,542
Operating Segments [Member] | Asset Management Segment [Member]
Net trading		0				0				0		0
Principal transactions and other income		1,077				297				2,565		769
Revenues		3,224				2,085				9,507		6,187
Compensation		1,833				1,572				4,700		4,184
Other Operating Expense		491				494				1,702		1,711
Total operating expenses		2,324				2,066				6,402		5,895
Operating income (loss)		900				19				3,105		292
Interest income (expense)		0				0				0		0
Earnings / (loss) recognized		0				0				0		0
Income (loss) before income taxes		900				19				3,105		292
Income tax expense (benefit)		0				0				0		0
Net income (loss)		900				19				3,105		292
Net income (loss) attributable to Cohen & Company Inc.		899				18				3,105		275
Depreciation and amortization (included in total operating expense)		3				1				4		4
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-controlling interest		1				1				0		17
Operating Segments [Member] | Asset Management Segment [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		899				18				3,105		275
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-controlling interest		0				0				0		0
Operating Segments [Member] | Asset Management Segment [Member] | Asset Management [Member]
Revenues		2,147				1,788				6,942		5,418
Operating Segments [Member] | Asset Management Segment [Member] | New Issue and Advisory [Member]
Revenues		0				0				0		0
Operating Segments [Member] | Principal Investing [Member]
Net trading		0				0				0		0
Principal transactions and other income		(2,804)				298				(29,259)		9,671
Revenues		(2,804)				298				(29,259)		9,671
Compensation		379				333				1,341		1,033
Other Operating Expense		145				567				667		906
Total operating expenses		524				900				2,008		1,939
Operating income (loss)		(3,328)				(602)				(31,267)		7,732
Interest income (expense)		0				0				0		0
Earnings / (loss) recognized		(683)				(702)				22,366		(1,608)
Income (loss) before income taxes		(4,011)				(1,304)				(8,901)		6,124
Income tax expense (benefit)		0				0				0		0
Net income (loss)		(4,011)				(1,304)				(8,901)		6,124
Net income (loss) attributable to Cohen & Company Inc.		(1,555)				(3,239)				(17,510)		(2,395)
Depreciation and amortization (included in total operating expense)		0				0				0		0
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-controlling interest		(2,456)				1,935				8,609		8,519
Operating Segments [Member] | Principal Investing [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		(1,555)				(3,239)				(17,510)		(2,395)
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-controlling interest		0				0				0		0
Operating Segments [Member] | Principal Investing [Member] | Asset Management [Member]
Revenues		0				0				0		0
Operating Segments [Member] | Principal Investing [Member] | New Issue and Advisory [Member]
Revenues		0				0				0		0
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]
Net trading	[2]	0				0				0		0
Principal transactions and other income	[2]	0				0				0		0
Revenues	[2]	0				0				0		0
Compensation	[2]	3,825				4,483				5,157		8,094
Other Operating Expense	[2]	1,162				1,249				4,878		3,767
Total operating expenses	[2]	4,987				5,732				10,035		11,861
Operating income (loss)	[2]	(4,987)				(5,732)				(10,035)		(11,861)
Interest income (expense)	[2]	(1,237)				(1,625)				(4,290)		(4,625)
Earnings / (loss) recognized	[2]	0				0				0		0
Income (loss) before income taxes	[2]	(6,224)				(7,357)				(14,325)		(16,486)
Income tax expense (benefit)	[2]	142				(755)				435		5,379
Net income (loss)	[2]	(6,366)				(6,602)				(14,760)		(21,865)
Net income (loss) attributable to Cohen & Company Inc.	[2]	(11,812)				647				(19,391)		(6,508)
Depreciation and amortization (included in total operating expense)	[2]	141				139				389		429
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-controlling interest	[2]	0				0				0		0
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)	[2]	(6,366)				(6,602)				(14,760)		(21,865)
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-controlling interest	[2]	5,446				(7,249)				4,631		(15,357)
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | Asset Management [Member]
Revenues	[2]	0				0				0		0
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | New Issue and Advisory [Member]
Revenues	[2]	$ 0				$ 0				$ 0		$ 0
[1]The units of membership interests in the Operating LLC (“LLC Units” ) not held by Cohen & Company Inc. (that is, those held by the non-controlling interest) may be redeemed and exchanged into shares of the Company on a ten-for-one basis. The LLC Units not held by Cohen & Company Inc. are redeemable, at the member’s option at any time, for (i) cash in an amount equal to the average of the per share closing prices of the Common Stock for the ten consecutive trading days immediately preceding the date the Company receives the member’s redemption notice, or (ii) at the Company’s option, one tenth of a share of the Common Stock, subject, in each case, to appropriate adjustment upon the occurrence of an issuance of additional shares of the Common Stock as a dividend or other distribution on the outstanding Common Stock, or a further subdivision or combination of the outstanding shares of the Common Stock. These LLC Units are not included in the computation of basic earnings per share. These LLC Units enter into the computation of diluted net income (loss) per common share when the effect is not anti-dilutive using the if-converted method.[2]Unallocated assets primarily include: (i) amounts due from related parties; (ii) furniture and equipment, net; and (iii) other assets that are not considered necessary for an understanding of business segment assets. Such amounts are excluded in business segment reporting to the chief operating decision maker.

Note 22 - Segment and Geograp_5

Note 22 - Segment and Geographic Information - Balance Sheet Data (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Total Assets		$ 818,011	$ 772,761
Investment in equity method affiliates		26,153	14,241	$ 8,760	$ 8,929
Goodwill	[1]	109	109
Intangible assets	[1]	166	166
Operating Segments [Member]
Total Assets		797,954	758,176
Investment in equity method affiliates		26,153	14,241
Goodwill	[1]	109	109
Intangible assets	[1]	166	166
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]
Total Assets	[2]	20,057	14,585
Investment in equity method affiliates	[2]	0	0
Goodwill	[1],[2]	0	0
Intangible assets	[1],[2]	0	0
Capital Markets [Member] | Operating Segments [Member]
Total Assets		718,924	665,597
Investment in equity method affiliates		0	0
Goodwill	[1]	54	54
Intangible assets	[1]	166	166
Asset Management Segment [Member] | Operating Segments [Member]
Total Assets		6,580	5,633
Investment in equity method affiliates		0	0
Goodwill	[1]	55	55
Intangible assets	[1]	0	0
Principal Investing [Member] | Operating Segments [Member]
Total Assets		72,450	86,946
Investment in equity method affiliates		26,153	14,241
Goodwill	[1]	0	0
Intangible assets	[1]	$ 0	$ 0
[1]Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the tables above.[2]Unallocated assets primarily include: (i) amounts due from related parties; (ii) furniture and equipment, net; and (iii) other assets that are not considered necessary for an understanding of business segment assets. Such amounts are excluded in business segment reporting to the chief operating decision maker.

Note 22 - Segment and Geograp_6

Note 22 - Segment and Geographic Information - Geographic Data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues	$ 31,695	$ 17,121	$ 61,057	$ 48,517
UNITED STATES
Revenues	29,285	14,816	55,603	44,168
Europe [Member]
Revenues	$ 2,410	$ 2,305	$ 5,454	$ 4,349

Note 23 - Supplemental Cash F_2

Note 23 - Supplemental Cash Flow Disclosure (Details Textual) - USD ($) $ in Thousands	3 Months Ended					9 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 01, 2024
Interest Paid, Excluding Capitalized Interest, Operating Activities						$ 4,633	$ 4,139
Income Taxes Paid						60	433
Proceeds from Income Tax Refunds						240	0
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary			$ 0
Increase (Decrease) in Equity Method Affiliates						9,669
Increase (Decrease) in Other Investments						12,530	40,388
Increase (Decrease) in Other Investments, Sold and Not Yet Purchased						2,861
Increase (Decrease) in Receivables From Brokers, Dealers, and Clearing Agencies							68,066
Increase (Decrease) in Other Assets							63
Increase (Decrease) in Accounts Payable and Other Accrued Liabilities							82,711
Increase (Decrease) in Other Investments, Not Sold							25,806
In-kind Distribution from Equity Method Affiliate [Member]
Increase (Decrease) in Equity Method Affiliates							362
Increase (Decrease) in Other Investments							362
SFA Transaction [Member]
Increase (Decrease) in Other Investments							5,673
Increase (Decrease) in Other Investments, Sold and Not Yet Purchased							5,673
The 2024 Note [Member]
Debt Instrument, Face Amount								$ 5,146
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	$ 198	$ 447	0	$ 30	$ 582	645	612
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	(4)	(10)	0	(1)	(12)	(14)	(13)
Noncontrolling Interest [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	$ (194)	$ (437)	$ 0	$ (29)	$ (570)	$ (631)	$ (599)

Note 24 - Related Party Trans_3

Note 24 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands

3 Months Ended

8 Months Ended

9 Months Ended

Jan. 31, 2022

Dec. 20, 2021

Feb. 26, 2021

Jan. 31, 2020

Sep. 30, 2024

Dec. 31, 2023

Sep. 30, 2023

Nov. 24, 2021

Sep. 30, 2024

Sep. 30, 2023

Oct. 01, 2024

Sep. 01, 2024

Dec. 31, 2022

Dec. 31, 2019

Equity Method Investments

$ 26,153

$ 14,241

$ 8,760

$ 26,153

$ 8,760

$ 8,929

Saving Plan 401K [Member]

Defined Contribution Plan, Employer Matching Contribution, Percent of Match

50%

Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay

3%

Defined Contribution Plan, Employer Discretionary Contribution Amount

98

$ 95

$ 343

$ 321

Subsequent Event [Member]

Contractual Obligation

$ 1,200

Stoa Usa Inc and Flip Os [Member]

Other Investments

$ 0

847

$ 0

Investment Principle Transactions Gain (loss)

$ (6,847)

CK Capital Partners B.V. [Member]

Equity Method Investment, Ownership Percentage

45%

Equity Method Investment, Quoted Market Value

$ 18

AOI [Member]

Equity Method Investment, Ownership Percentage

10%

Equity Method Investment, Quoted Market Value

$ 1

U.S. Insurance JV [Member]

Equity Method Investment, Ownership Percentage

1.86%

1.86%

CREO JV [Member]

Equity Method Investment, Ownership Percentage

7.50%

7.50%

FTAC Athena Sponsor [Member]

Equity Method Investment, Additional Shares Received for Services (in shares)

35,000

Equity Method Investment, Aggregate Cost

$ 40

FTAC Zeus Sponsor [Member]

Equity Method Investment, Shares Received from Services Provided (in shares)

35,000

Equity Method Investments

$ 40

FTAC Emerald Sponsor [Member]

Equity Method Investment, Shares Received from Services Provided (in shares)

35,000

Equity Method Investments

$ 40

JKD Capital Partners I, LTD [Member]

Related Party Transaction, Amounts of Transaction

$ 4,500

$ 2,250

Daniel G. Cohen [Member] | CK Capital Partners B.V. [Member]

Equity Method Investment, Quoted Market Value

$ 17

The 2024 Note [Member]

Debt Instrument, Face Amount

$ 5,146

2022 Note Purchase Agreement [Member] | JKD Capital Partners I, LTD [Member]

Related Party Transaction, Amounts of Transaction

$ 2,250

Note 24 - Related Party Trans_4

Note 24 - Related Party Transactions - Routine Transactions Recognized in the Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Asset management	$ 453	$ 320	$ 1,427	$ 1,054
Principal transactions and other income	567	(6,452)	353	(5,604)
Income (loss) from equity method affiliates	(683)	(702)	22,366	(1,608)
Income (loss) from equity method affiliates	(683)	(702)	22,366	(1,608)
Operating expense (income)	67	24	321	209
Interest expense (income)	38	224	758	738
CREO JV [Member]
Asset management	173	0	544	0
Principal transactions and other income	506	210	389	717
U.S. Insurance JV [Member]
Asset management	280	320	883	881
Principal transactions and other income	61	89	(41)	377
SPAC Fund [Member]
Asset management	0	0	0	173
Principal transactions and other income	0	0	0	28
Stoa Usa Inc and Flip Os [Member]
Principal transactions and other income		(6,771)	0	(6,771)
Other SPAC Sponsor Entities [Member]
Principal transactions and other income	0	20	5	45
Income (loss) from equity method affiliates	(466)	(563)	22,710	(1,680)
Income (loss) from equity method affiliates	(466)	(563)	22,710	(1,680)
Dutch Real Estate Entities [Member]
Income (loss) from equity method affiliates	(217)	(139)	(344)	72
Income (loss) from equity method affiliates	(217)	(139)	(344)	72
Equity Method Affiliates [Member]
Income (loss) from equity method affiliates	(683)	(702)	22,366	(1,608)
Income (loss) from equity method affiliates	(683)	(702)	22,366	(1,608)
Duane Morris [Member]
Operating expense (income)	93	50	399	286
Cohen Circle LLC [Member]
Operating expense (income)	(26)	(26)	(78)	(77)
JKD Investor [Member]
Interest expense (income)	$ 38	$ 224	$ 758	$ 738

Note 25 - Due From Due To Rel_3

Note 25 - Due From Due To Related Parties - Due From Due To Related Parties (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Due from related party	$ 11,079	$ 5,373
Employees & Other [Member]
Due from related party	577	319
SPAC Fund [Member]
Due from related party	73	15
U.S. Insurance JV [Member]
Due from related party	282	438
Due From Related Parties [Member]
Due from related party	$ 932	$ 772