Consolidated Statements of Financial Condition - USD ($)		Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents		$ 512,978,000	$ 914,343,000
Cash collateral pledged		52,865,000	47,494,000
Segregated Cash		220,882,000	194,701,000
Securities owned, at fair value ($1,704,831 and $1,764,853 were pledged to various parties)		2,763,514,000	2,660,742,000
Securities Purchased under Agreements to Resell		19,621,000	0
Receivable on derivative contracts, at fair value		342,712,000	286,135,000
Securities borrowed		1,761,146,000	1,704,603,000
Other investments ($131,766 and $137,986 at fair value, respectively)		237,628,000	274,111,000
Deposits with clearing organizations, brokers and banks		105,854,000	111,857,000
Receivable from brokers, dealers and clearing organizations, net of allowance of $616 and $636, respectively		1,487,911,000	1,614,347,000
Receivable from customers, net of allowance of $587 and $687, respectively		159,625,000	159,418,000
Fees receivable, net of allowance of $828 and $886, respectively		128,136,000	145,809,000
Due from Related Parties		21,666,000	31,449,000
Fixed assets, net of accumulated depreciation and amortization of $52,254 and $50,017, respectively		25,037,000	25,976,000
Operating lease right-of-use assets		95,430,000	93,655,000
Goodwill		234,005,000	234,005,000
Intangible assets, net of accumulated amortization of $37,470 and $33,219, respectively		40,731,000	44,167,000
Deferred tax asset, net		19,608,000	21,765,000
Other assets, net of allowance of $834 and $0 respectively		99,427,000	84,828,000
Consolidated Funds
Cash and cash equivalents, Consolidated Funds		23,000	296,000
Other Investments, Consolidated Funds		97,182,000	99,067,000
Other assets, Consolidated Funds		46,000	46,000
Total Assets		8,426,027,000	8,748,814,000
Liabilities
Securities sold, not yet purchased, at fair value		974,867,000	1,201,448,000
Securities Sold under Agreements to Repurchase		229,192,000	63,469,000
Payable for derivative contracts, at fair value		46,814,000	60,163,000
Securities Loaned		1,735,852,000	1,586,572,000
Payables to brokers, dealers and clearing organizations		587,540,000	586,553,000
Payable to customers		2,243,654,000	2,432,612,000
Commission management payable		126,968,000	102,990,000
Compensation payable		176,210,000	443,580,000
Operating lease liabilities		99,800,000	98,883,000
Notes payable and other debt	[1]	625,766,000	623,371,000
Fees payable		6,580,000	16,483,000
Due to related parties		27,000	0
Accounts payable, accrued expenses and other liabilities		241,110,000	236,088,000
Consolidated Funds
Due to related parties		0	23,000
Accounts payable, accrued expenses and other liabilities		174,000	225,000
Total Liabilities		7,094,554,000	7,452,460,000
Commitments and Contingencies
Stockholders' equity
Additional paid-in capital		1,127,160,000	1,100,667,000
(Accumulated deficit) retained earnings		491,189,000	461,982,000
Accumulated other comprehensive income (loss)		0	(2,000)
Less: Class A common stock held in treasury, at cost, 29,220,380 and 28,047,929 shares as of March 31, 2022 and December 31, 2021, respectively		(583,500,000)	(547,100,000)
Cowen Inc. Stockholders' Equity		1,035,148,000	1,015,869,000
Nonredeemable non-controlling interests		175,575,000	159,735,000
Permanent Equity		1,210,723,000	1,175,604,000
Total Liabilities and Stockholders' Equity		8,426,027,000	8,748,814,000
Convertible Preferred Stock
Consolidated Funds
Redeemable Series A Convertible Preferred stock, par value $0.01 per share: 10,000,000 shares authorized, 120,750 shares issued and outstanding as of March 31, 2022 (aggregate liquidation preference of $120,750) and 10,000,000 shares authorized, 120,750 shares issued and outstanding as of December 31, 2021 (aggregate liquidation preference of $120,750)		120,750,000	120,750,000
Common Stock Class A
Stockholders' equity
Common stock		334,000	334,000
Less: Class A common stock held in treasury, at cost, 29,220,380 and 28,047,929 shares as of March 31, 2022 and December 31, 2021, respectively		(583,535,000)	(547,112,000)
Common Stock Class B
Stockholders' equity
Common stock		$ 0	$ 0

[1] The carrying amount of the notes payable and other debt includes an unamortized discount and unamortized premium of $2.7 million and $0.2 million as of March 31, 2022, respectively, and unamortized discount and unamortized premium of $2.8 million and $0.3 million as of December 31, 2021, respectively.