v3.26.1
Condensed Consolidated Statements of Financial Position - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 701,621,304 $ 653,188,906
Cash and cash equivalents segregated under federal and foreign requirements 1,224,069,199 1,537,119,275
Receivables from brokers, dealers, and clearing organizations 701,369,826 562,961,145
Receivables from customers, net 1,011,784,680 708,785,550
Prepaid expenses and other current assets 60,814,415 50,208,272
Customer-held fractional shares 223,802,727 172,309,953
Total current assets 3,923,462,151 3,684,573,101
Right-of-use assets 64,014,634 64,357,655
Property and equipment, net 41,473,511 35,894,855
Intangible assets, net 54,269,690 55,434,567
Goodwill 25,066,700 30,264,138
Deferred tax assets 3,450,909 9,346,987
Other non-current assets 1,000,000 1,000,000
Total non-current assets 189,275,444 196,298,202
Total assets 4,112,737,595 3,880,871,303
Liabilities and shareholders’ equity    
Payables due to customers 2,877,895,236 2,667,837,626
Payables due to brokers, dealers, and clearing organizations 1,632,515 3,481,115
Lease liabilities - current portion 3,497,320 3,611,195
Accounts payable and other accrued expenses 97,610,615 102,183,377
Revolving credit facility 17,611,040
Unsecured promissory notes 50,000,000
Total current liabilities 3,048,246,726 2,777,113,313
Lease liabilities - non-current portion 7,624,608 8,911,821
Unsecured promissory notes 65,000,000
Deferred tax liabilities 13,193,834 13,366,222
Total non-current liabilities 20,818,442 87,278,043
Total liabilities 3,069,065,168 2,864,391,356
Commitments and Contingencies (Note 15)
Shareholders’ equity    
Treasury shares (864,485 and 1,124,485 shares as of June 30, 2026 and December 31, 2025, respectively)
Additional paid in capital 3,207,257,664 3,192,952,827
Accumulated deficit (2,175,548,251) (2,178,189,845)
Accumulated other comprehensive income 11,817,455 1,524,496
Total shareholders’ equity 1,043,532,166 1,016,292,713
Noncontrolling interest 140,261 187,234
Total equity 1,043,672,427 1,016,479,947
Total liabilities and total equity 4,112,737,595 3,880,871,303
Class A Ordinary Shares    
Shareholders’ equity    
Ordinary shares, value 4,459 4,396
Class B Ordinary Shares    
Shareholders’ equity    
Ordinary shares, value $ 839 $ 839