Revenues (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Condensed Consolidated Statements of Operations and Comprehensive Income (loss)

The following tables present a breakdown of our revenue categories presented within our condensed consolidated statements of operations and comprehensive income (loss).

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Equity and Option Order Flow Income:
Option order flow rebates	$	79,447,402	$	49,065,412	$	137,168,857	$	94,339,846
Equity order flow rebates		33,514,450		19,623,426		60,185,834		38,460,174
Total	$	112,961,852	$	68,688,838	$	197,354,691	$	132,800,020

Interest and Other Related Income:
Stock lending	$	4,789,298	$	7,637,688	$	8,703,688	$	13,042,625
Margin financing		12,871,294		8,617,766		24,777,418		17,519,653
Client bank deposits		20,825,977		17,936,187		40,006,691		32,553,378
Corporate bank deposits		4,265,810		2,094,892		9,314,960		4,310,941
Total	$	42,752,379	$	36,286,533	$	82,802,757	$	67,426,597

Handling Charge Income:
Options	$	8,973,679	$	7,104,325	$	15,704,228	$	15,479,547
Platform and trading fees		25,806,413		13,001,178		45,488,606		22,172,966
Total	$	34,780,092	$	20,105,503	$	61,192,834	$	37,652,513

Other Revenue:
Data subscription income	$	2,039,267	$	2,037,609	$	4,080,942	$	4,021,956
Syndicate fees		740,771		112,454		1,521,353		403,475
Lease income		275,077		301,669		550,305		604,397
Foreign exchange fee		1,083,161		737,002		2,142,453		1,314,638
Non-trading rebates		953,116		1,151,208		5,098,053		1,869,991
Proxy income		2,076,652		2,048,315		2,594,021		2,694,888
Other		1,168,713		24,219		1,421,687		73,710
Total	$	8,336,757	$	6,412,476	$	17,408,814	$	10,983,055