v3.26.1
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 16,099,000 $ 22,408,000
Cash and securities segregated for regulatory purposes; (Cash of $126.8 million, securities with a fair value of $37.9 million as of June 30, 2026; Cash of $151.0 million, securities with a fair value of $34.6 million as of December 31, 2025) 164,672,000 185,608,000
Receivables from customers 88,581,000 73,465,000
Receivables from broker-dealers and clearing organizations 18,078,000 6,801,000
Receivables from non-customers 1,821,000 1,773,000
Notes receivable 2,350,000 350,000
Other receivables 6,404,000 4,522,000
Prepaid expenses and other assets 4,042,000 3,801,000
Securities borrowed 619,576,000 408,495,000
Securities owned, at fair value 13,652,000 19,862,000
Taxes receivable 133,000 142,000
Total Current assets 935,408,000 727,227,000
Deposits with broker-dealers and clearing organizations 6,365,000 5,503,000
Property, office facilities, and equipment, net 10,080,000 10,386,000
Software, net 6,003,000 5,911,000
Other intangible assets, net 380,000 908,000
Lease right-of-use assets 2,208,000 2,253,000
Investments 2,700,000 2,000,000
Deferred tax assets 3,630,000 2,535,000
Goodwill 1,989,000 2,319,000
Total Assets 968,763,000 759,042,000
Current liabilities    
Payables to customers 237,457,000 237,193,000
Payables to non-customers 6,000 7,000
Drafts payable 809,000 2,829,000
Payables to broker-dealers and clearing organizations 7,428,000 769,000
Accounts payable and accrued liabilities 8,860,000 4,523,000
Securities loaned 609,796,000 407,258,000
Securities sold, not yet purchased, at fair value 75,000 219,000
Other deferred revenue 126,000 70,000
Contract termination liability 819,000
Current portion of deferred contract incentive 960,000 960,000
Current portion of lease liabilities 1,384,000 1,086,000
Current portion of debt 5,093,000 5,091,000
Total Current liabilities 871,994,000 660,824,000
Deferred contract incentive, less current portion 3,120,000 3,600,000
Lease liabilities, less current portion 997,000 1,410,000
Debt, less current portion 4,001,000 4,048,000
Total Liabilities 880,112,000 669,882,000
Stockholders’ Equity    
Common stock, $0.01 par value; 100,000,000 shares authorized;42,100,936 shares issued and 41,100,936 shares outstanding as of June 30, 2026, respectively. 41,435,936 shares issued and 40,435,936 shares outstanding as of December 31, 2025, respectively. 422,000 415,000
Treasury stock, at cost; 1,000,000 shares held as of both June 30, 2026 and December 31, 2025 (2,510,000) (2,510,000)
Additional paid-in capital 47,822,000 46,040,000
Retained earnings 42,917,000 45,215,000
Total Stockholders’ equity 88,651,000 89,160,000
Total Liabilities and Stockholders’ Equity $ 968,763,000 $ 759,042,000